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Thai Limited Company

Set up Thai Limited Company

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.

 

WHY SHOULD YOU FIND TRUSTED CORPORATE LAWYER TO ASSIST YOU IN DOING BUSINESS IN THAILAND?

Corporate Law Firm in Thailand

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.

Let M & S Law Office 2006 help you by calling us at (+66)2 693-2036 or send email via contact@mslaw2006.com or send us enquiry.

 

 

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