THAILANDSICThailand Standard Industrial Classification

TSIC Activity

46321

Wholesale of alcohol beverages

ประกอบธุรกิจนำเข้าและจำหน่ายไวน์ และสุรากลั่น (spirits) ทุกชนิด

What this activity covers

Wholesale of various alcoholic beverages including spirits, wines, and beer.

  • Distilled spirits — Wholesale of whiskey, vodka, rum, and similar products
  • Mixed spirits — Wholesale of gin, liqueurs, and specially mixed spirits
  • Grape and fruit wines — Wholesale of wines made from grapes and other fruits
  • Herbal wines — Wholesale of wines made from herbs and other agricultural products
  • Beer — Wholesale of beer, including low-alcohol and non-alcoholic varieties

What companies here also do

Seen in real company registrations under this code — beyond the official definition, so licensing may differ.

  • Retail of beverages — Selling alcoholic and non-alcoholic beverages
  • Import and export — Trading alcoholic beverages internationally
  • Distribution services — Providing distribution for beverages

Foreign ownership

List 3: Restricted, FBL/BOI route availableinherited from 46

Wholesale of goods of all kinds, where the minimum capital per store is below the level prescribed in the Act

Not a hard restriction — only applies while under-capitalised. A foreign-majority wholesaler is exempt from this List 3 item (no Foreign Business Licence needed) once minimum registered capital reaches the Act's threshold, typically THB 100 million per store. Verify current ministerial-regulation figures.

FBA B.E. 2542, List 3 (15)Routes: Foreign Business Licence, BOI promotion, US Treaty of Amity

Auto-mapped, verify against the Act. These TSIC mappings are indicative, not legal advice; the schedules of the Foreign Business Act B.E. 2542 are the authority. See the full foreign ownership reference.

Industry at a glance

as of 23 ก.ค. 69

The whole registered industry under this activity, every registration year, from the DBD DataWarehouse.

1,654
active companies operate here
฿17.1Bregistered capital, combined
฿655.2B
Sector revenue · 2025
+4% since 2023
฿20.4B
Net profit · 2025
836 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
58%of new registered capital is foreign-held
฿111.1M foreign฿80.6M Thai

Foreigners are strongly represented in new investment under this activity.

New in 2026

62+24.0%

registrations, YTD

Registered capital

฿17.1B-1.8%

since year-end

Largest by revenue

Latest filed-year revenue, not a multi-year total

  1. 1Boonyarat Trading Co., Ltd.฿131.3B
  2. 2Tip Chaloet Co., Ltd.฿62.4B
  3. 3Krittayaboon Co., Ltd.฿28.1B
  4. 4Sunthornpirom Co., Ltd.฿26.7B
  5. 5Modern Trade Management Co., Ltd.฿24.9B

Largest by registered capital

  1. 1CRYPTOVINE VAULT COMPANY LIMITEDPathum Thani฿6.0B
  2. 2ASM Management Co., Ltd.Bangkok฿2.7B
  3. 3Singha Worldwide International Co., Ltd.Bangkok฿510.0M

Source: Department of Business Development DataWarehouse. Financial figures are combined totals of companies that filed statements; revenue and profit shown for the latest three reporting years.

Companies registered since 2022

Browse all

New DBD registrations under this activity since 2022, the period the registry snapshot covers, not the full historical register.

417
Registered
since 2022
381
Still active
36
Dissolved
฿1.0M
Median capital
of active

New registrations per year

2022peak 112 in 20242026

Largest active companies by registered capital

Source: Department of Business Development (DBD) new-registration records, 2022 to present. Counts cover companies first registered in that window, reflect the latest snapshot load, and may lag the live register.

Emerhub

Restricted activity? There is usually a route.

Emerhub structures foreign-owned companies around FBA restrictions: Foreign Business Licence applications, BOI promotion, and compliant shareholding structures. Talk through your case before you commit to one.

Talk to Emerhub Thailand