THAILANDSICThailand Standard Industrial Classification

TSIC Activity

47691

Retail sale of Thai handicrafts and souvenirs in specialized stores

ประกอบกิจการผลิต จำหน่าย นำเข้า ส่งออก สินค้าพรีเมี่ยม ของที่ระลึก ของขวัญ ของแจก ของชำร่วย ของที่ระลึกในโอกาสพิเศษ และสินค้าส่งเสริมการตลาดทุกชนิด

What this activity covers

Retail shops offering a variety of Thai handicrafts and souvenirs.

  • Thai handicrafts — Various handcrafted products including wood and textile items
  • Souvenirs — A range of gifts and memorabilia
  • Decorative items — Home decor products made from various materials
  • Household items — Functional and decorative household goods
  • Textile products — Items made from fabrics like Thai silk
  • Brassware and silverware — Metal products including decorative and functional items

What companies here also do

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

  • Gift items — Selling a variety of gifts and novelties
  • Art and sculptures — Offering artistic creations and decorative sculptures
  • Wholesale trading — Engaging in wholesale distribution of products

Not included here

  • Thai handicraft retail shops that mainly sell one type of product should be categorized according to the type of product sold.

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.

711
active companies operate here
฿1.8Bregistered capital, combined
฿4.2B
Sector revenue · 2025
+12% since 2023
฿16.0M
Net profit · 2025
277 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
0%of new registered capital is foreign-held
฿0 foreign฿40.0M Thai

Almost entirely Thai-held — little foreign capital enters here.

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

New in 2026

31-3.1%

registrations, YTD

Registered capital

฿1.8B-3.3%

since year-end

Largest by revenue

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

  1. 1A.S. GLORY (THAILAND) CO., LTD.intl฿799.6M
  2. 2Mega Castle Co., Ltd.฿300.3M
  3. 3Giftwise Asia Co., Ltd.฿217.6M
  4. 4Chokchai Ranch Resort Co., Ltd.฿141.3M
  5. 5Diamond P.V. Co., Ltd.฿119.9M

Largest by registered capital

  1. 1Nasattha Co., Ltd.Ratchaburi฿157.1M
  2. 2Ayira Biz Group Co., Ltd.Bangkok฿88.2M
  3. 3Royal Paragon Phuket Co., Ltd.Phuket฿50.0M

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.

208
Registered
since 2022
190
Still active
18
Dissolved
฿1.0M
Median capital
of active

New registrations per year

2022peak 54 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