THAILANDSICThailand Standard Industrial Classification

TSIC Activity

46323

Wholesale of tobacco products

ประกอบกิจการค้า ผัก ผลไม้ หน่อไม้ พริกไทย พืชสวน บุหรี่ ยาเส้น เครื่องดื่ม น้ำดื่ม น้ำแร่ น้ำผลไม้ สุรา เบียร์ อาหารสด อาหารแห้ง อาหารสำเร็จรูป อาหารทะเลบรรจุกระป๋อง เครื่องกระป๋อง เครื่องปรุงรสอาหาร

What this activity covers

Companies in this sector wholesale tobacco products, including cigarettes and cigars.

  • Cigarettes — Wholesale of cigarettes
  • Cigars — Wholesale of cigars
  • Tobacco Products — Wholesale of various tobacco products
  • Tobacco Substitutes — Wholesale of tobacco substitutes like shredded tobacco
  • Chewing Tobacco — Wholesale of chewing tobacco products
  • Snuff — Wholesale of snuff tobacco

What companies here also do

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

  • Importing Tobacco — Importing various forms of tobacco
  • Selling Smoking Equipment — Selling equipment related to smoking

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.

227
active companies operate here
฿9.4Bregistered capital, combined
฿57.9B
Sector revenue · 2025
-6% since 2023
฿955.4M
Net profit · 2025
106 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
0%of new registered capital is foreign-held
฿0 foreign฿2.0M Thai

Based on few new registrations this year — read as a rough signal only.

1 of the 5 largest companies here are foreign-owned Thailand subsidiaries.

New in 2026

2-50.0%

registrations, YTD

Registered capital

฿9.4B-0.5%

since year-end

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.

42
Registered
since 2022
35
Still active
7
Dissolved
฿1.0M
Median capital
of active

New registrations per year

2022peak 13 in 20232026

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