Some company owners decide to close down the business and they register for dissolution but fail to file a liquidation report or register the liquidation with the registrar. In this case, the Department of Business Development will revoke the registration of companies that register for dissolution, where in the liquidation process, the liquidators either failed […]
Studies show that minimum wage hike policy for 2012 has posed no effect on Thailand’s overall economy, indicated by low unemployment rate and a small number of layoff, while business owners have been able to adjust themselves well for the minimum wage hike. Therefore, it is expected that the minimum wage hike in 2013 will […]
To prevent deprivation of rights, the member of Thailand Social Security or so called insured persons should claim social security compensation within 1 year after the date entitled to compensations in any of the following cases except for the unemployment benefit: In the event of illness or accident and the insured persons received medical treatment at […]
The One-Stop Service Center of Thailand provides one-stop services for temporary stay in the Kingdom to any qualified foreigner according to the Regulations of the Office of the Prime Minister Concerning the Establishment of the Visa and Work Permit Center B.E. 2540, as amended. The qualified foreigners who are eligible to submit an application and […]
ThaiLawyers can help you set up your business as a Representative Office of your overseas company here in Thailand. However, you have to note the activities that your representative office can do and its characteristics before you proceed with its registration. Moreover, when you have a representative office in Thailand, you will have the following responsibilities:- The […]
To close down a Thai limited company for ThaiLawyers clients, here is the general process. The process of closing down a company in Thailand: We advertise in a local newspaper the notice for shareholders general meeting (for the shareholders to come together to meet in order to approve the closure of the company), and also […]
To register a new Thai limited company, you need at least 3 shareholders. If you have 2 foreigners, then you need 1 Thai. The number of shares owned by Thai shareholders has to be more than that of foreign shareholders (Thai majority ownership). If new Thai limited company will be doing only export from Thailand […]
The Thai limited company registration service that ThaiLawyers provide often presents many good questions to blog about. One of many very popular questions is whether the foreigner who is setting up a Thai limited company has to sign the application for the Thai company registration in front of the registrar. We have the answer which […]
Many foreigners wanting to set up a Thai limited company want to have 100% ownership, but because of Thailand foreign business law, some want to explore the choice of having a Thai partner to be the majority shareholder. Many of ThaiLawyers clients want to know if they can have nominee Thai shareholders to hold majority […]
Registered capital is not the same as working capital. Registered capital is what you registered with the Department of Business Development, Ministry of Commerce of Thailand, as the capital of the company, at least 25% of which has to be paid up. When part or all of your registered capital is paid up, you have […]