Register Limited Company

A Limited Company, particularly a Private Thai Limited Company, is the most popular form of business structures in Thailand. Its key features are:

The liability of the shareholders are limited to any amount left unpaid on their shares.
There is a separation between owners and management.

The incorporation of a Private Limited Company requires:

A minimum of three promoters
At least one director
An auditor
A memorandum of association
A statutory meeting
Registration of the incorporation papers

They must also follow accounting procedures specified in the Civil and Commercial code, the Revenue Code and the Accounts Act. A balance sheet must be prepared once a year and filed with the Department of Revenue and Commercial Registration. In addition, companies are required to withhold income tax from the salary of all regular employees.