THAILANDSICThailand Standard Industrial Classification

TSIC Activity

47711

Retail sale of clothing in specialized stores

ประกอบกิจการค้า เสื้อผ้าเด็ก เสื้อผ้าสำเร็จรูป เครื่องแต่งกาย และเครื่องประดับทุกชนิด

What this activity covers

This activity involves the retail sale of ready-made clothing and accessories for all ages and genders.

  • Clothing for Men — Ready-made clothing items for men
  • Clothing for Women — Ready-made clothing items for women
  • Clothing for Children — Ready-made clothing items for children and infants
  • Clothing Accessories — Accessories such as hats, gloves, and ties
  • Sportswear — Ready-made sports clothing
  • Fur and Leather Apparel — Clothing made from fur and leather

What companies here also do

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

  • Wholesale Clothing — Selling clothing in bulk to retailers
  • Online Retailing — Selling clothing through online platforms

Not included here

  • Retail sale of sportswear in specialty stores See 47630 activities
  • Retail sale of used clothing in specialty stores See 47742 activities

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.

4,718
active companies operate here
฿27.3Bregistered capital, combined
฿105.6B
Sector revenue · 2025
+28% since 2023
฿5.1B
Net profit · 2025
1,621 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
22%of new registered capital is foreign-held
฿179.7M foreign฿647.6M Thai

Foreigners are actively investing in this activity.

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

New in 2026

607+87.3%

registrations, YTD

Registered capital

฿27.3B+3.4%

since year-end

Largest by revenue

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

  1. 1Uniqlo (Thailand) Co., Ltd.intl฿19.6B
  2. 2Louis Vuitton (Thailand) Co., Ltd.฿12.0B
  3. 3YASAPAL CO., LTD. (PUBLIC)฿8.9B
  4. 4H Thai (Thailand) Co., Ltd.intl฿6.5B
  5. 5Gakant (Thailand) Co., Ltd.intl฿5.1B

Largest by registered capital

  1. 1Keystone Management Co., Ltd.Bangkok฿2.9B
  2. 2Luxury Goods (Thailand) Co., Ltd.intlBangkok฿2.1B
  3. 3Uniqlo (Thailand) Co., Ltd.intlBangkok฿1.8B

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.

2,305
Registered
since 2022
2,100
Still active
205
Dissolved
฿1.0M
Median capital
of active

New registrations per year

2022peak 515 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