Category: Company Law
Closing a Thai Limited Company: Special Resolution and Actual Procedure
In the previous article, we addressed the legal bases provided by the Civil and Commercial Code for dissolving a Thai Limited company. In this article, we will turn our attention to the most common basis, which is dissolving a Thai company through passing a special resolution as well as discuss the actual procedure for registering […]
Closing a Thai Limited Company
The closing of a Thai limited company is a very involved procedure that requires assistance from both a lawyer and an accountant. Furthermore, if a company has accumulated much debt during the course of its business operations, it may take a while before the company can settle its affairs and come to a close. Basically, […]
Applying for a Factory License in Thailand
As discussed in the previous article, a Category 3 Factory, as defined by Thai ministerial regulations issued pursuant to the Factory Act of 1992, is a factory that has over 50 horsepower or 50 workers or any factory which produces pollution (even if it has less than 50 horsepower or 50 workers). Category 3 factories […]
Setting Up a Factory in Thailand
In the previous post we discussed the different possible locations where one could establish a factory in Thailand. In this post, we will address the law with regards to setting up a factory, once one has already found the location. In Thailand, the main law that addresses the establishment of factories is the Factory Act […]
Where to Build a Factory in Thailand?
Foreign investors who are looking to construct a factory in Thailand should be aware of the different possible locations in which a factory can be built. There are primarily three possible locations, in order of suitability: Industrial Estates Industrial-zoned land outside of industrial estates (“Purple zone”) Non-industrial zoned land (“Green Zone”) Out of those three […]
Opening a Thai Corporate Bank Account
Opening a corporate bank account is a key priority for foreign investors who are doing business in Thailand. Different Thai banks, and even different branches within the same bank, tend to vary in their strictness and the requirements necessary for a company to open a bank account; here we will describe the generalities common among […]
How to Register a Company in Thailand
Under Thai laws, companies are classified as follows: Thai Partnership Thai Limited Company Thai Partnership, is just like any other partnership which may either be ordinary or limited. A limited company in Thailand is one which is formed by dividing the capital into equal share, and the liability of the shareholders is limited to the […]
Eligibility and Rights of a Patent Holder in Thailand
Who are eligible to apply for a patent application in Thailand? The following classes of persons are eligible to apply: 1) Thai nationals; and 2) foreign nationals under the reciprocity rule. This rule allows foreign nationals of those countries who confer the same privilege to Thai nationals to file a patent application in Thailand. So […]
Property Lease in Thailand
Considerations for Lease Agreements in Thailand Given the substantial issues relating to foreigners owning a freehold interest in Thai land, a more viable option for people wanting to have a legal and long term interest in the property is done through lease agreements. There are however a number of pitfalls to be aware of, much […]
Utilizing the Thailand-Australia Free Trade Agreement (Continuation…)
What criteria must companies fulfill in order to be eligible to use the TAFTA? In order to enjoy the special privileges enabled by the TAFTA, the company in question must be eligible to apply for a Business Operations Certificate Section 10 of the Foreign Business Act. Within Section 10 is an outline for the criteria […]
