THAILANDSICThailand Standard Industrial Classification

TSIC Activity

68103

Renting and operating of self-owned or leased of residential buildings

ประกอบกิจการ ให้เช่าห้องพักอาศัย บ้าน อาคารชุด อพาร์ตเมนต์ หอพัก หรือสถานที่พักอาศัยที่เรียกชื่ออื่น

What this activity covers

This activity involves renting and managing residential properties, including houses and apartments, for short or long-term stays.

  • Residential property rental — Letting houses, flats, and apartments
  • Apartment management — Operating and managing apartments for rent
  • Leasing real estate — Leasing properties owned or rented from others
  • Utilities provision — Providing utilities services in rental properties
  • Multi-use residential buildings — Managing buildings primarily for residential use

What companies here also do

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

  • Property development — Investing in and developing land for residential use
  • Serviced apartment rentals — Renting out serviced apartments

Not included here

  • Hotel, apartment and similar accommodation arrangements, see sub-group 5510.
  • Providing camping grounds, trailer parks and similar accommodation facilities, see sub-class 5520.

Foreign ownership

List 1: Closed to foreign majorityinherited from 681

Land trading

The mapped TSIC group covers real estate activities with own or leased property, which is broader than the trading of land the Act restricts. Foreign land ownership is separately restricted under the Land Code.

FBA B.E. 2542, List 1 (9)

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.

17,764
active companies operate here
฿286.2Bregistered capital, combined
฿76.8B
Sector revenue · 2025
+14% since 2023
฿3.4B
Net profit · 2025
9,111 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
6%of new registered capital is foreign-held
฿95.3M foreign฿1.6B Thai

Largely domestic, with some foreign investment.

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

New in 2026

474+0.4%

registrations, YTD

Registered capital

฿286.2B+1.7%

since year-end

Largest by registered capital

  1. 1Rabbit Holdings Public Company LimitedBangkok฿47.9B
  2. 2Peep Sub Co., Ltd.Nakhon Ratchasima฿10.0B
  3. 3KWI Public Company LimitedBangkok฿3.9B

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.

2,730
Registered
since 2022
2,609
Still active
121
Dissolved
฿2.0M
Median capital
of active

New registrations per year

2022peak 694 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