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Belaws Home ›› Thailand ›› Comptabilité et Administratif ›› Closing a company

Comptabilité et Administratif

Closing a Company in Thailand

A Thai company may decide to close down for many reasons. Some of the more common reasons include being unable to carry out business operations, market fluctuation and increased or direct competition.

Closing a company in Thailand can be a lengthy and often confusing process. There are many legal and accounting hurdles which must be overcome.

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Belaws - Closing a company in Thailand

How do you close a company in Thailand?

Closing down a company in Thailand is a long and complicated process with many potential legal obstacles which need to be overcome.

When closing a company in Thailand, there are two steps that must be completed: dissolution and liquidation. Dissolution of a company refers to the official termination of a company’s legal status. The liquidation of a company refers to the payment of its outstanding debts and distribution of any remaining assets.

If the shareholders make the decision to close their company, the first step is to conduct an audit of the company’s accounts to create a list of the assets and liabilities. Any remaining legal and accounting issues must be addressed before the formal winding up process can begin. Additionally, a liquidator must be appointed to wind up the company’s affairs and register the closure with the Ministry of Commerce.

Our Company Closure service is performed by a team of top lawyers and accountants who can help make the whole process efficient and easy to understand.

Tarifs

À partir de

THB 35,000 *

+ 7% VAT

Minimum 45 Business days

(Délai moyen à partir du moment où nous recevons
toutes les informations requises de votre part)

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All company closures are handled by qualified lawyers and accountants.

Champ d'application

  • Arrange and prepare the shareholders meeting to pass the required special resolution. This includes publicizing the public notice for the meeting, drafting the meeting minutes.
  • Prepare and submit all documents required for closure. This includes collecting and collating information about the company such as the business registration certificate and any other supporting documents.
  • Informing and registering the closure with the relevant stakeholders, Government offices and departments.
  • Clearance of outstanding debts and distributing all remaining assets.
  • Answering questions in relation to the closure process.
  • Advise on post closure compliance.

Besoin de plus ?

Services supplémentaires dont vous pourriez avoir besoin

  • Comptabilité & Déclarations Fiscales
  • Annual Audits
  • Paye

What is the process for closing a company?

Be prepared for obtaining your BOI Licence with our comprehensive and free registration checklist.

Be prepared for obtaining your BOI Licence with our comprehensive and free registration checklist.

Organizing the special shareholders meeting

Our team will prepare and execute all aspects of the preparation of the special shareholders meeting. Our team will also conduct the drafting of the minutes for the meeting.

Délais

20 business days

Collecting documents and completing the application

Our team of experts will collect, collate and fill in all the required documents, ready for your signature. We will then submit the application for closure at the Ministry of Commerce.

Délais

> 7 days pour rassembler les documents des parties et préparer la demande

Notifying all relevant parties

Our team of experts will notify all relevant parties of the company’s closure, including all creditors and the Social Security Office.

Additionally, our experts will begin the process of dissolving the companies VAT registration, returning any licences granted to the company, closing the companies bank accounts and canceling any Work Permits and Visas.

Délais

> 3 days pour le dépôt de la demande

Clearing any outstanding debts and distributing the remaining assets

Our team of experts will deal with the clearance of outstanding debts and distributing all remaining assets.

Registering the closure of the company

Finally, our experts will register the liquidation with the Department of Business.

Délais

The whole process can take between 3 to 6 months depending on the reactivity and additional information requested by the Revenue Department

Questions fréquemment posées

How long does the process to close a company take?

The whole process is very time consuming and there are a lot of obstacles to overcome. The process should take around 45 days but it could take significantly longer.

Does closing a BOI Company follow the same procedure?

The closure of BOI Company is different to that of a Limited Company. Please see the following for a brief outline of how to close a BOI Company:

  1. Before notifying the company’s liquidation at The Ministry of Commerce, you must notify the BOI of the decision to close. The BOI will conduct their own checks to see if there are any remaining Tax liabilities to be addressed. Once everything is clear with the BOI they will make an announcement concerning dissolution and inform any related government sectors.
  2. Follow the standard company closure process set out above.
  3. To dissolve the Foreign Business License (FBL) with the Bureau of Foreign Business Administration within 15 days from the date of closure.

Explorer d'autres services

  • BOI Company
  • Société A Responsabilité Limité
  • Succursale
  • Bureau de représentation
  • US-Thailand Treaty of Amity
  • Transfert de Parts Sociales
  • Assemblées Générales Ordinaires (AGO)
  • Meeting (EGM)
  • Cessation d'activité

Question avant de commencer *

Question avant de commencer *

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