THAILANDSICThailand Standard Industrial Classification

TSIC Activity

15121

Manufacture of luggage and handbags

ประกอบกิจการค้า ผ้า ผ้าทอจากใยสังเคราะห์ ด้าย ด้ายยางยืด เส้นใยไนล่อน ใยสังเคราะห์ เส้นด้ายยืด เครื่องนุ่งห่ม เสื้อผ้าสำเร็จรูป เครื่องแต่งกาย เครื่องประดับกาย ถุงเท้า ถุงน่อง เครื่องหนัง รองเท้า กระเ

Definition

Manufacture of luggage, handbags and the like, made of leather, laminated leather or other materials, such as plastic sheets, textile materials, artificial fibres or laminated paper, using the same manufacturing technology, including the manufacture of watch straps not made of metal (e.g. fabric, leather, plastic).

Excluded from this code

  • Manufacture of watch straps made of precious metals. See activity 32111.
  • Manufacture of watch straps made from non-precious metals. See activity 32120.

Foreign ownership

Not on the Foreign Business Act restricted lists.

The Foreign Business Act B.E. 2542 (1999) restricts majority foreign ownership only for the activities named in its three annexed Lists. This activity is not among the mappings we hold, so a foreign investor can generally hold up to 100% of the equity, subject to any sector-specific licence and to minimum-capital rules (typically THB 2 million per restricted business, or THB 3 million where a Foreign Business Licence applies).

If an activity is restricted, the routes to foreign majority

  • BOI promotion — the Board of Investment can grant up to 100% foreign ownership for promoted activities, with tax and non-tax incentives.
  • Foreign Business Licence — permission from the Ministry of Commerce to operate a List 2 or List 3 activity as a foreign-majority company.
  • US Treaty of Amity — US nationals may hold majority ownership in most activities, treated as Thai nationals for FBA purposes.

This is general guidance, not legal advice, and mappings are auto-derived. The schedules of the Foreign Business Act B.E. 2542 are the authority; verify against the Act, or ask us to check your specific activity. See the full foreign ownership reference.

See the full foreign ownership reference for all three FBA lists.

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.

111
Registered
since 2022
103
Still active
8
Dissolved
฿1.0M
Median capital
of active

New registrations per year

2022peak 31 in 20232026

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.

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