Open a Limited Liability Company in Thailand

Updated on Monday 06th February 2017

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The limited liability company in Thailand is usually formed by means of a minimum of three shareholders and ruled by one director. A very important aspect is that the majority of the board has to belong to persons that have Thai citizenship.  Our Thai company formation agents remind you that in this type of company, there are two types of shares: simple shares and preferred shares.

Those that possess simple shares have more rights of voting within the company and one director of the two is elected by the shareholders. The shareholders only have the right to vote on the behalf of their percentage, while the directors have the right to vote for the entire Thai company.

Conditions for establishing a limited liability company in Thailand

The most important condition with respect to setting up a limited liability company in Thailand is the financial aspect involved. The capital necessary for such an initiative is a minimum of two million Thai baht in order to obtain a valid work permit, and this threshold represents the limited liability of the Thai company. It is not necessary to possess this sum of money right from the start. However, there are some exceptions from these rules:

•    If the company is registered with the scope of holding property, the amount necessary drops to one million Thai baht.
•    United States citizens have the possibility of fully owning the shares of their companies.

 

Steps for setting up a limited liability company described by our company registration experts in Thailand 

A very important step in opening a limited liability company in Thailand is choosing the future company’s name together with two alternatives and submitting them to the Thai Ministry of Commerce. Our local consultants advise you not to choose any names that already represent a trademark of other company, or are very similar to such a name.  If the name is considered valid and it does not violate any ministerial regulation, it will be approved. 

Limited liability company registration in Thailand is not a difficult procedure. After the name has been registered, all the shareholders must sign a memorandum that contains all relevant information related to shareholders and the company, such as purpose of business and capital data. Eventually, the memorandum as well will be submitted to the Ministry of Commerce for approval. Opening a limited liability company in Thailand is a process that may last up to 2-4 weeks.   

We invite you to contact out team of company registration agents in Thailand for more detailed information about the process of forming a limited liability company.


 

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