THAILANDSICThailand Standard Industrial Classification

TSIC Activity

47723

Retail sale of cosmetics and toilet preparations in specialized stores

ประกอบกิจการค้า เครื่องสำอาง อุปกรณ์เครื่องมือและเครื่องใช้เสริมความงาม

What this activity covers

Retail stores specialising in cosmetics and beauty products, including skincare and spa items.

  • Cosmetics Retail — Selling cosmetics in specialised stores
  • Skincare Products — Retailing skin creams and lotions
  • Toiletries — Selling soaps and toothpastes
  • Spa Products — Retailing spa-related items
  • Beauty Equipment — Selling beauty tools and equipment

What companies here also do

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

  • Wholesale Cosmetics — Selling cosmetics in bulk
  • Beauty Supplements — Selling skincare and weight loss supplements

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.

6,133
active companies operate here
฿17.8Bregistered capital, combined
฿100.2B
Sector revenue · 2025
+16% since 2023
฿6.5B
Net profit · 2025
1,705 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
6%of new registered capital is foreign-held
฿43.9M foreign฿691.4M Thai

Largely domestic, with some foreign investment.

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

New in 2026

595+18.5%

registrations, YTD

Registered capital

฿17.8B+2.4%

since year-end

Largest by revenue

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

  1. 1Central Watson Co., Ltd.฿27.1B
  2. 2Eve and Boy Co., Ltd.฿5.5B
  3. 3SSUP (Thailand) Co., Ltd.intl฿3.7B
  4. 4Karmart Public Company Limited฿3.6B
  5. 5Sephora (Thailand) Co., Ltd.intl฿3.2B

Largest by registered capital

  1. 1OR HEALTH AND WELLNESS CO., LTD.Bangkok฿1.0B
  2. 2Chutima Connect Co., Ltd.Tak฿872.7M
  3. 3Karmart Public Company LimitedBangkok฿792.0M

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.

2,935
Registered
since 2022
2,563
Still active
372
Dissolved
฿1.0M
Median capital
of active

New registrations per year

2021peak 680 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