Category: Company Law
Company Registration: Shareholder Meetings
Shareholder meetings form an important element of Thai company law, as Section 1144 of the Civil and Commercial Code states that “Every limited company shall be managed by a director or directors under the control of the general meeting of shareholders and according to the regulations of the company.” Therefore, shareholders play an important, albeit […]
Liability of Limited Partner in Thailand
A defining characteristic of the Limited Partnership under the Civil and Commercial Code of Thailand is that it distinguishes between limited partners and managing partners. This is a different situation than with an ordinary partnership where all the partners have joint and unlimited liability. In a limited partnership, the managing partner or partners assume joint […]
Setting Up Company Partnerships under Thai Law
The Civil and Commercial Code of Thailand provides for the formation of partnerships as is found in the laws of other countries. However, partnerships are normally not formed by foreign investors due to particular difficulties that arise due to the Foreign Business Act of 1999. Generally speaking, the formation of a limited company is more […]
Limiting the Authority of a Company Director
When foreign investors do business in Thailand, it is often more expedient to hire a Thai person to serve on the board of directors along with the foreign directors. Generally, Thai law does not require a limited company to have a Thai national to serve on the board of directors. Furthermore, maintaining control of the […]
Requirements for the Application of Foreign NGOs in Thailand
In the previous articles, we went into some detail regarding the operation of foreign NGOs in Thailand, including a list of information that a foreign NGO must submit to the Committee if it wishes to establish an office in Thailand or to send any of its official to work here. However, we also discussed that […]
Primary Laws Governing the Operations of Foreign NGOs in Thailand
As mentioned in the previous article (Operating a Foreign Non-governmental Organization in Thailand), one of the two primary laws governing the operations of foreign NGOs in Thailand is the Regulations of the Ministry of Labor and Social Welfare on the Entry of Foreign Private Organizations to Operate in Thailand B.E.2541 (1998). The aforementioned regulations detail […]
Operating a Foreign Non-governmental Organization in Thailand
Non-governmental organizations (NGOs), both domestic and foreign, play an important role in advancing civil society and economic development in Thailand. Foreign NGOs represent a potential source of technological transfer and material support, which is vital for a developing country. However, international organizations that may be interested in operating in Thailand must first contend with a […]
Government Fees for Representative Office in Thailand
The Thai government charges a fee for the issuance of a Foreign Business License (a permit required for foreigners to operate restricted businesses in Thailand) which vary depending on the type of business and on how the foreigner operates businesses. The government fee depends on the type of business that the foreigner will be engaging […]
DBD Regulations for Company Registrations
The Department of Business Development (DBD) has issued an order promulgating additional rules and documents necessary for the registration of partnerships and companies with a capitalization of over 5,000,000 Baht or for the registration of an increase in capitalization of a partnership or company of to an amount over 5,000,000 Baht. Generally, applicants are required […]
Authority of Company Liquidators
When a company is dissolved in Thailand, it must thereafter be liquidated, wherein its debts are paid, its assets are distributed to the shareholders, and all of its other remaining affairs are settled. During the liquidation phase, company liquidators must be appointed in order to conduct the aforementioned duties. The company liquidators will have the […]
