THAILANDSICThailand Standard Industrial Classification

TSIC Class

4711

Retail Sale in Non-Specialized Stores

Definition

The retail sale of a wide variety of goods in non-specialized stores, such as department stores.

Foreign ownership

List 3: Restricted, FBL/BOI route availableinherited from 47

Retail sale of goods of all kinds, where the aggregate minimum capital or 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 retailer is exempt from this List 3 item (no Foreign Business Licence needed) once registered capital meets the Act's minimum, typically THB 100 million in total and THB 20 million per store. Verify current ministerial-regulation figures.

FBA B.E. 2542, List 3 (14)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.

Companies registered since 2022

Browse all

New DBD registrations under this code since 2022, summed across every 5-digit activity beneath it. Not the full historical register.

1,037
Registered
since 2022
942
Still active
95
Dissolved

New registrations per year, all sub-codes combined

2022peak 278 in 20242026

Source: DBD new-registration records, 2022 to present.

Activities under 4711

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