Company Registration Requirements
Company registration requirements
1. At least 3 natural persons as promoters (initial shareholders). Three shareholders are required at all times throughout company operation. It is to be understood that not just anyone can be a promoter. The minimum requirement is that a promoter must, at least , be twenty-one year old who can legally act on behalf of the company. Usually, promoters hold an equal share of the company. It is only after registration of the company that promoters' shares can be transferred to others.
At least 3 natural persons serve as promoters (original shareholders). Three shareholders are required for the entire company operation. It should be understood that not just anyone can be a sponsor. The minimum requirement is that the promoter must be at least 21 years old and able to legally act on behalf of the company. Usually the promoters hold equal shares in the company. The promoter's shares can be transferred to others only after the company is registered.
2. Head office located in Thailand along with a copy of house registration (Tabien Baan) number and Letter of Consent obtained from the landlord.
Head office in Thailand and a copy of the building registration (Tabien Baan) number and consent form obtained from the landlord.
3. Minimum registered capitalization of 2 million THB for foreign businesses operating non-restricted businesses and 3 million THB for restricted businesses under the Foreign Business Act. Thai-owned companies, not subject to such requirements (but will need to meet financial requirements to support a work permit for a foreign worker).
According to the Foreigners Business Law, the minimum registered capital for unrestricted foreign companies is 2 million baht, and the minimum registered capital for restricted companies is 3 million baht. Thai investment companies are exempt from such requirements (but are required to meet financial requirements to support a foreign worker’s work permit).
4. Memorandum of association to be filed with the application.
Memorandum of Association submitted with the application.
5. Statutory meeting has to have been convened.
A statutory meeting must be held.
6. Letter of Certification from the bank to certify the adequacy of funds in the Thai shareholder's personal bank account where Thai shareholders will be amongst foreign shareholders.
A certificate issued by a bank certifying that there are sufficient funds in the personal bank account of the Thai shareholder, who will be the foreign shareholder.
7. All shareholders/initial promoters and directors will be required to sign part of the application documents in Thailand.
All shareholders/original promoters and directors will be required to sign part of the application documents in Thailand.
For company registration online, you have to register for e-Registration account to file company details and submit documents.
For online company registration, you must register for an electronic registration account to provide company details and submit documents.
Step 1: Company Name Reservation
Step One: Keep the Company Name
The promoter that wish to register their company names must first reserve their company name with the DBD via DBD website (https://reserve.dbd.go.th/). The reservation is normally approved within 3-7 days. Once the company name is approved, this shall be used in the incorporation documents needed for company registration.
Promoters who wish to register a company name must first reserve the company name with DBD through the DBD website (https://reserve.dbd.go.th/). Applications for retention will usually be made at Within 3-7 daysapproved. Once the company name is approved, it will be used in the company registration documents required for company registration.
Step 2: Filing the Memorandum of Association
Step 2:Submission of Memorandum of Association
A company can register the Memorandum of Association within 30 days from the date the registrar approves the reservation of the company name. The memorandum of association includes the company name, promoters' names, company's location and company's finance and business objectives.
A company can reserve its name from the date it is approved by the Registrarwithin 30 daysRegistered Memorandum of Association. The Memorandum of Organization includes the name of the company, the names of the promoters, the location of the company, and the financial and objectives of the company.
Step 3: Prepare Documents
third step:Preparing Files
Prepare the following details for filing in the system:
Prepare the following details to register with the system:
1. The company name approved by officer with reservation detail
Company name and reserved information approved by officials
2. Head office and branch location
Location of head office and branches
3. Details of 3 promoters or more
Details of 3 or more sponsors
4. Details of Shareholders
Shareholder information
5. Details of Registered Capital
Registered capital information
6. Company Objectives
Company goals
7. Details of Witnesses for company registration
Company registration witness information
8. Details of the company establishment's meeting (must be the date prior to registration in the DBD e-Registration system)
Details of the company’s incorporation meeting (must be on a date prior to registration in the DBD electronic registration system)
9. Details of the company's auditor and annual salary
Company auditors and annual salary details
10. Company establishment expenses
Company establishment costs
11. Director's authority to sign company documents (can be with or without company seal affix)
Director’s authority to sign company documents (with or without company seal)
12. Company Seal Affix file (if any)
Documents stamped with company seal (if any)
13. Company Map
company map
Step 4: Notification of Approval or Amendment
the fourth step:Approval or modification notification
After submitting on the system, the registrar will send the notification to your e-mail whether the application is approved or have to be amended around 1-3 working days (or maybe more).
Once submitted on the system, the Registrar's Office will1-3 working days(or more) Notification to your email whether the application has been approved or must be modified
If the registrar approved your application, then you have to log in for Electronic Signature. You must enter the password that you have registered in the identity verification process and request for OTP, after that you will receive OTP on your phone number, then fill in the system.
If the Registrar approves your application, you must log in to sign electronically. You have to enter the password you registered during the authentication process and apply for the OTP, after which you will receive the OTP on your phone number and fill it in the system.
If not, then you have to amend according to comments of the registrar.
If not, then you must make changes based on the Registrar's opinion.
Step 5: Payment
the fifth step:Pay the fees
You will need to submit the request for registration and payment of fees and after the payment is completed, DBD will email you the “Company Partnership Registration Certificate” within 3 days.
You need to submit a registration application and pay the fee. After the payment is completed, DBD will send you an email within 3 days to provide you with the "Company Partnership Registration Certificate".
Reference website:https://zh.ibc-firm.com/post/guideline-of-company-registration-in-thailand-%E5%9C%A8%E6%B3%B0%E5%9C%8B%E8%A8%BB%E5%86%8A%E5%85%AC%E5%8F%B8%E6%8C%87%E5%8D%97-1
