THAILANDSICThailand Standard Industrial Classification

TSIC Activity

26521

Manufacture of watches and clocks

ประกอบกิจการผลิตและจำหน่ายนาฬิกาทุกประเภท สายนาฬิกา แว่นตา เลนส์แว่นตา กรอบแว่นตาฯ

Definition

Manufacture of wristwatches and table clocks of all kinds, including clocks fitted with electrical control panels; manufacture of cases of wristwatches and table clocks, including cases of precious metal; manufacture of components of wristwatches and table clocks; hands of all kinds for wristwatches and table clocks; spring coils; gems in clocks; dials, hands, plates, links and other parts thereof.

Excluded from this code

  • Manufacture of watch straps, not of metal (textile, leather, plastics) see activity 15121
  • Manufacture of watch straps made of precious metals. See activity 32111.
  • Manufacture of watch straps not made of 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.

3
Registered
since 2022
3
Still active
0
Dissolved
฿5.0M
Median capital
of active

New registrations per year

2022peak 2 in 20222024

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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