Limited company registration in Bangkok, Thailand.Civil and commercial code of Thailand defines limited company as a company formed with the capital divided into shares, and the liability of the shareholders is limited to the amount, if any, unpaid on the shares respectively held by them. Hence, it is most commonly preferred establishment of business type in Thailand which is similar to that of concept of Limited Liability Company (LLC).
Company promoters are responsible for registering the company with the Ministry of Commerce. The promoters must be natural persons. There must be minimum of 3 promoters for private limited company. Each promoter of a private limited company is required to be among the company’s initial shareholder and should hold at least one share upon company’s registration.
Private limited company upon registration are guided by two main documents namely Memorandum of association and Article of association which defines the responsibilities of the directors, business type objective and means by which shareholder exert control over board of director of the company. However, setting up of the private limited company can be overwhelming task due to specific requirement with regards to ownership and management of the company. At least 51% of the share ownership should be Thai company or natural person. Director of the company can either be foreigner or Thai person. In some cases, Thai director are must depending on the objective of the company and as stipulated by specific act or regulation with regards to objective of the company.
At PNP International Legal, we make sure that your company is registered 100% legally in line with all the government rules and regulations.