Open a Limited Liability Company in Thailand
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:
• United States citizens have the possibility of fully owning the shares of their companies.
Steps for setting up a limited liability company in Thailand
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 Thai company formation agents for more detailed information about the process of forming a limited liability company.