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Limited Partnership LP

Two classes: limited-liability partners (capital only) and unlimited managing partners.

Founders

2 partners (≥ 1 limited + ≥ 1 unlimited)

Min Capital

No statutory minimum

Eligibility

  • ≥ 1 limited partner + ≥ 1 unlimited managing partner
  • Managing partner is the legal representative

Required Documents

  • LP agreement
  • Partner IDs
  • Office address proof

Registration Procedure

  1. Reserve name
  2. Sign LP agreement
  3. File DBD registration
  4. Receive certificate

Tax Obligations

CIT 20%, VAT if revenue ≥ 1.8M

Foreign Ownership

Subject to FBA

Translation & Certification

Parent-company certificates, passports, and corporate records require notarization, consular legalization or apostille, and Thai translation by an certified translator for filing with DBD, BOI, or IEAT.

Why Use a Professional Service

  • certified translators accepted by DBD/BOI/IEAT.
  • Direct coordination with registrars reduces filing errors.
  • Pre-submission check aligned with the latest official checklist.

Post-Service Policy

If a translation is rejected due to a defect on our side, we redo and resubmit at no extra service fee (government fees excluded). This is service responsibility, not a guarantee of administrative outcome.

Ask about fees — LINE @THAIL · Tel 092-0170000

Contact us
Adviser explaining limited partnership registration documents to a client

Two kinds of partner

A limited partnership has limited partners liable only up to their contribution, and at least one unlimited partner who manages the partnership.

Limits on limited partners

Limited partners may contribute only money or property, not labour, and may become fully liable for debts if they take part in management.

Registering with DBD

File the name, objectives, office, each partner's class and contribution, and the managing partner. It becomes a juristic person on registration.

Frequently asked questions

How does it compare with a company?

The managing partner has unlimited liability; accounting and tax duties are similar.

Can it convert to a company later?

There is no direct conversion; a new company is formed and the business transferred.

Send your documents for our accounting team to review

Call 092-0170000 · LINE @THAIL · contact@thailaw-accounting.co.th

Fees: ask our team for a quote

Sources

Reviewed by the accounting team at Thai Law & Accounting Services · Last reviewed 4 Oct 2026 · General information, not tax or legal advice for your specific case

Go deeper on Corporate and company document certification

These guides outline possible certification steps; confirm the receiving authority's current requirements before filing:

Not sure which route applies? Send us the scan — LINE @THAIL · 092-0170000 · contact@thailaw-accounting.co.th

Documents usually required

  • Freshly issued company affidavit and certificate of registration
  • Memorandum and articles of association, or the current shareholder list
  • Board resolution or power of attorney signed by the authorised director
  • ID or passport copies of the authorised signatories

Common reasons a bundle is rejected

  • Company affidavits are usually accepted only within a short validity window.
  • Director names and job titles must match the registered filing exactly.
  • Spell every name exactly as it appears in the passport, across every document in the same bundle.

Prefer not to handle the chain yourself? Send the scans and we run every step for you, from translation to the final endorsement.

How the process runs — Corporate and company document certification

  1. Obtain freshly issued corporate records covering the whole group of entities involved.
  2. Prepare the board resolution or power of attorney signed by the authorised director.
  3. Translate using the registered English company name and the job titles exactly as filed.
  4. Complete the certification route the counterparty or destination authority requires.
  5. Deliver the certified set together with copies for internal corporate records.

Fees and processing times are set by each authority and vary by document and destination — confirm them with the responsible agency.

Handling it yourself vs letting ILC run it

AspectDoing it yourselfWith ILC
Working out which steps applyYou read each authority's rules yourself, and usually learn a step was missing only after the bundle is refused.Our advisers review the documents before work starts and sequence translation, notarisation, MFA, and embassy in one pass.
Time spent filingRepeat trips to each office, queueing and collecting in person.We file on your behalf; you send scans and receive the finished set by post or courier.
Risk that the translation is refusedAgency names, job titles, and the certification wording often do not match what the receiving office accepts.We use terminology and certificate formats the receiving authority has accepted before, with two-stage proof-reading.
If the bundle is rejectedYou diagnose the cause and refile yourself, losing a full cycle.We identify the cause, correct it, and refile without you starting over, with progress reported along the way.

What clients typically use this for

  • Foreign subsidiary registration
  • Bank account opening abroad
  • Tender and contract submissions

An advisor, not only a document processor

Before any work starts, our team assesses how many certification layers your document actually needs, which authorities are involved, and the correct order for the office you will really file with. One step out of order usually means restarting the whole bundle. We work to recognise how each authority rejects files and prevent it up front.

  • The certification route is matched to the receiving authority before work begins.
  • Rejection risks are checked, from name spelling to document validity windows.
  • The filing sequence is planned around the deadline you actually have.

Consult us at LINE @THAIL · 092-0170000 · contact@thailaw-accounting.co.th

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