Public Limited Company in Thailand
A public limited company is one that is formed to sell shares to the general public, with the shareholders’ liability limited to the sum paid for the shares. Public Limited Companies registered in Thailand may issue shares, debentures, and warrants to the public, subject to compliance with prospectus, approval, and other requirements, and may apply to have their securities listed on the Stock Exchange of Thailand (SET).
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Public Limited Company registration conditions
For the formation and registration of a public limited company’s memorandum of association, a minimum of 15 promoters are necessary, and the promoters must keep their shares for at least two years before they can be transferred. A public limited company’s Board of Directors must have a minimum of five members, with at least half of them being Thai nationals. Each share must be completely paid up and have a face value of at least five baht.
Timeline
The length of time it takes to register is determined by the nature of your business and how quickly you provide the needed information. In 1–2 weeks, a firm can be formed.
Fees
For a public limited company, the registration price is 2,000 baht every million baht of capital.
Compulsory regulation
Restrictions on share transfers are illegal, except those that preserve the company’s rights and advantages as permitted by law, and those that maintain a Thai/foreigner ownership ratio. Debentures can only be issued with three-quarters of the voting shareholders’ consent.
Documents
An application for the formation of a limited company must now include the following documentations proving each Thai shareholder’s source of funds:
- Copies of deposit passbooks or bank statements covering the last six months’ activities;
- A letter from a bank certifying the shareholder’s financial situation;
- Copies of other documents proving the monies’ origins (i.e. loan documentation).
We can prepare these documents.
Consultation about Public Limited Company registration
Our consultation services for registering a Public Limited Company in Thailand are tailored to assist you in all aspects of setting up your business. Our experienced advisors will support you through the entire process, from preparing initial documents to acquiring essential permits and registrations. We offer individualized advice on legal obligations, share capital, and corporate organization to help you make well-informed choices that are in line with your business objectives.
Ownership management
Handling ownership of a Public Limited Company can be complicated yet essential. Our services cover the management of ownership changes, supervision of beneficial owners, and overseeing ownership transfers. We guarantee that all ownership adjustments are accurately recorded and adhere to current regulations.
Corporate structure changes
As your business grows, your corporate structure may also need to evolve. If you need to swap out directors, update nominee details, or make any other structural modifications, we offer a range of services to help make these changes simple and effective.
Share capital management
Proper management of share capital is essential for the financial well-being of your company. We provide services to support you in growing, decreasing, selling, and transferring share capital, ensuring that all actions are executed accurately and in compliance with legal regulations.
Other legal forms in Thailand
Investors who want to start a business in Thailand can do so under one of the following legal entities:
- Private Company Limited by Shares,
- Holding Company,
- Branch Office.
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