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Mon.-Fri. 8.30-17.00 hrs.
(+66)2 693-2036
(+66)2 693-2036
A limited company in Thailand requires 3 Investors as promoters and shareholders of the company. An ordinary person aged 12 years old can set up a company in Thailand regardless of his/her nationality.
Pursuant to the Civil and Commercial Code there are 2 types of share, namely an ordinary share and a preferred share. The minimum price of a share must be not less than 5 THB per share and the minimum registered capital is 15 THB (5 THB X 3 Shareholders). When setting up a company, only 25% of the registered capital needs to be paid.
You need to ensure firstly that the company is 51% Thai owned so that it can receive the incentives and benefits of being a Thai juristic person i.e. the ability to buy a piece of land. There is also a requirement of a minimum of 2 Million THB registered capital if there is a foreign worker working for the company.
A company director is a representative or agent of the company. If a company director operates the company in accordance with his authorised power, he does not have any liability to the company (or the shareholders) unless the company director agrees to have unlimited liability or unless he exceeds his authorised powers.
A company only requires a company seal when the authority of authorised director specifies that a company seal is required for a company director to sign a document with a company seal.
As it is a limited company, an investor/a shareholder is limited only to the value of their shares.
In order to shut down or dissolve a company, a special resolution (3/4) from a shareholder meeting is required.
On behalf of international clients, a corporate lawyer in Thailand with a depth of experience can assist in setting up and registering Thai and Amity treaty companies. Our legal counsel and business consultants are strong in business and conflict resolution experience. That depth of experience, coupled with a contemporary perspective, means our corporate lawyers and business consultants tend to be forward- thinking and innovative in satisfying client needs.
According to the Civil and Commercial Code (CCC), partnerships can be divided into 2 types: Ordinary Partnerships, Limited Partnerships. In an ordinary partnerships, at least 2 investors are required and they become partners who are jointly and wholly liable for all obligations of the partnership. An ordinary partnerships may or may not register as a juristic person...
In Thailand two or more companies can only amalgamate or merge together to form a single company using the procedures set out in Sections 1238 to 1243 of the CCC. Amalgamation is the only type of corporate merger permitted under Thai law. In an amalgamation two or more companies amalgamate together to form a new company that assumes all the rights and obligations of the companies to the amalgamation...
Under Thai Law, a foreign company can establish a limited presence by registering a representative office which can provide a useful stepping stone in testing the size of the Thai market before committing to establishing a registered company...
A regional office serves as an assistant, and reports to the head office with regard to maintaining and supervising matters of the branch offices or subsidiaries located in the same area. The operation of Regional Offices in Thailand in order to render the service for its head office or the affiliated company or the group company which is located in Thailand or Asian region is the operation of business under the business listed in List 3(21) attached to the Foreign Business...
Foreign companies may carry out certain business in Thailand through a branch offices which is setup in order to control various business activities in Thailand of their mother or parent company overseas. However, the liabilities of a branch offices remain with the parent company. A branch offices would need to have the same name as the parent company. Branch offices are required to maintain accounts only relating to the branch ...
A foreigner may engage in certain types of business according to the Foreign Business Act B.E. 2542 (1999) with various types of activities located in the list of activities provided by the Foreign Business Act comprised in Lists one (1) to three (3)...
The Treaty of Amity and Economic Relations between the United States of America and the Kingdom of Thailand was signed on May 29, 1966. This treaty allows U.S. citizens and businesses to establish a company or branch office in Thailand. Under the treaty, is permitted to do almost anything a Thai company does...
Investment privileges have long been one of the various measures applied by the Thai Government to attract foreign investment to Thailand and to support the Government�s goal of decentralising Thailand�s industrial base. One key investment incentive set up by the Board of Investment (BOI), the agency directly responsible for investment promotion, is tax and duty privileges for promoted projects...
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