To establish a private limited company in Thailand, there must be at least 3 shareholders and 1 directors. Directors can be of any nationality or residence. However, the foreign shareholders of the company can only hold 49% of the shares of the company at most.

Private limited company establishment process

The establishment of a private limited company shall follow the following steps:

1. company name reservation

The first step in the establishment is to book the company name in the Ministry of Commerce. After drafting the company name, entrust a lawyer to apply to the registration bureau of the Ministry of Commerce of the government for approval of the company name. (It can be registered in Thai, Chinese and English * * *) If it has the same name, it must be renamed until it is determined that it has not been registered. The team will keep your company's name for up to 30 days, during which others cannot apply for the same name. It may be postponed if necessary.

2. Sponsor

At least three natural persons are required as sponsors to register the company's organization outline, and there are two important documents that must be registered with the Thai authorities-"Articles of Association" and "Organization Outline".

All companies in Hong Kong need to set up a memorandum of association and articles of association.

The company's organizational outline must contain the following information:

–Company name

–the province where the company is established.

–Business scope

–Registered capital (at least 3 shares with a par value of at least 5 baht per share)

–The names, addresses, occupations and signatures of the promoters, and the number of shares each of them will subscribe for.

-Statement on Limited Liability of Shareholders and Directors

The articles of association of the company need to pay a registration fee, which is based on the total registered capital. Usually between 500 and 25,000 baht.

3.? subscribe for shares

Next, potential shareholders subscribe for their own shares, and each promoter must subscribe for at least one share (but after the company is established, as long as the company has at least three shareholders,

You can transfer its shares to the remaining shareholders or any other person). Once all the shares have been subscribed, the promoters shall convene a statutory meeting without delay.

4.? Statutory meeting

At the statutory meeting, the fees or remuneration of promoters shall be approved, the types of shares (common shares and preferred shares) shall be determined, the articles of association shall be adopted, and the directors (or auditors) of the company shall be appointed.

5.? Equity payment

After the statutory meeting, the promoters shall hand over the enterprise to the directors, and the directors shall require future shareholders (including the promoters) to pay their respective shares. At least 25% of each share must be paid in cash.

6.? Incorporation of the company

Within three months after the statutory meeting, the directors shall register the establishment of the company with the Ministry of Commerce and confirm the existence of share capital (at least 25%). Once the registered capital exceeds 5,000,000 baht (note: about RMB/kloc-0,000,000 yuan), the directors must prove that the funds are in their private yin bank account.