THAILANDSICThailand Standard Industrial Classification

TSIC Activity

47190

Other retail sale in non-specialized stores

การขายปลีกสินค้าอื่นๆในร้านค้าทั่วไป

What this activity covers

This activity involves the retail sale of a variety of goods, excluding food, beverages, or tobacco as main products.

  • General merchandise — Sales of clothing, furniture, and household appliances
  • Cosmetics and jewellery — Retail of beauty products and accessories
  • Toys and sporting equipment — Sales of recreational items and gear
  • Household goods — Includes tools, glassware, and kitchenware
  • Auction sales — Methods of auctioning various goods

What companies here also do

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

  • Supermarkets and malls — Operating retail spaces for various goods
  • Automotive parts — Selling tools and parts for vehicles

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.

Industry at a glance

as of 23 ก.ค. 69

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

11,636
active companies operate here
฿78.1Bregistered capital, combined
฿389.4B
Sector revenue · 2025
+2% since 2023
฿10.2B
Net profit · 2025
4,731 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
21%of new registered capital is foreign-held
฿199.6M foreign฿760.0M Thai

Foreigners are actively investing in this activity.

New in 2026

633-6.4%

registrations, YTD

Registered capital

฿78.1B+3.2%

since year-end

Largest by revenue

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

  1. 1King Power Duty Free Co., Ltd.฿34.0B
  2. 2Thai Foods Fresh Market Co., Ltd.฿27.5B
  3. 3Central Department Store Co., Ltd.฿25.2B
  4. 4Mr. D.I.Y. (Bangkok) Co., Ltd.฿20.1B
  5. 5KING POWER GROUP CO., LTD.฿19.8B

Largest by registered capital

  1. 1Robinson Public Company LimitedBangkok฿3.9B
  2. 2KING POWER GROUP CO., LTD.Bangkok฿3.7B
  3. 3Central Department Store Co., Ltd.Bangkok฿3.4B

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.

5,715
Registered
since 2022
5,075
Still active
640
Dissolved
฿1.0M
Median capital
of active

New registrations per year

2021peak 1,700 in 20222026

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