Establishment of Company Limited
The promoters must have the following qualifications :
- Be ordinary person, not juristic person
- Be 12 years old or more
- Must reserve to buy at least 1 share
Information used to register the Memorandum
- Company’s name (the same as the name reserved)
- Copy of house book registration , Location of head office (located at which province)
- Permitsion to use an office to in business operation, Copy ID card of the landlord of printcipal office (in case if the landlord is juristic person have to privide copy company affidavit, copy of ID card authorized director who right to sign of company document)
- Objective of the company
- Registered capital must be divided into each share with the same value (share’s value must be at least 5 Baht)
- Name, address, age, occupation and number of shares that persons who start up the company reserve to buy the shares)
Remark :
- In case of new company registration and company capital over than 5 Million will have more condition that, you have to show investment fund as specified company capital. The certificate of Commercial bank will valid only 12 days after issuing date.
- In case any there is foreigner co - investment to the company and the authorize director is foreigner. All of Thai share holders have to provide bank certificate to confirm of that such shares amount which said in shares devided to the company. The details as in following.
- A Copy Bank Statement or Copy Certificate from the bank for 6 months.
- A Certificate from the bank to guarantee or the financial position of the shareholders.
- A copy of the evidence that shows the source of the money to pay for share. - In case co-investment between Thai person and foreigner whose are founding company together. Thai person have to show Bank Certificate and show capital fund not less than their share investment.
- Cost of company registration fee will depend on capital of the company.
- For the company would like apply Work Permit
- The Capital is 2 Million for 1 foreigner.
- Must have 4 Thai staff per 1 foreigner staff.
Registered company one or more foreign parties as shareholders or partners must not exceed than 49% of the share capital. Thai nationality one or more persons as partners or shareholders not less than 51% of registered capital.
** If 100 % share holding by foreigner have to provide more of permission ( BOI Certificate or Foreign investment certificate) if you can provide you will permit to operate business.
Company limited, director of the company can be foreign director or company's board of Directors with an authorized signature and company seal. To management of the company, can be a person or more (with Thai people or without) one person signature or co-signatures of the director are accept. The authorize signature is depend on the company agreement.