Droit
Memorandum of Association in Thailands
03/03/2023
The memorandum of association (MOA) is a document written by the founders of a company during the company’s incorporation process. Thai law requires that all limited companies must have an MOA.
The memorandum of association sets out how the company is formed and differs from the Articles of Association (AOA), which establishes how the company will be run.
Points clés
- A memorandum of association is a legal document that establishes a company’s fundamental principles and objectives at incorporation.
-
It is a requirement by Thai law that all limited companies must have an MOA.
-
The memorandum of association typically includes essential details about the company, such as its name, registered office address, the amount of share capital, etc.
What is a memorandum of association?
A memorandum of association is a legal document that establishes a company’s fundamental principles and objectives at incorporation.
The memorandum of association typically includes essential details about the company and provides a snapshot of a company’s founding principles and activities.
Investors, shareholders, and other stakeholders often use a memorandum of association to understand the company’s origins and objectives.
It is a requirement by Thai law that all limited companies must have an MOA.
What is the difference between articles of association and a memorandum of association?
The articles of association and memorandum of association are two legal documents that may be required for forming a company in many jurisdictions. While they are both important documents that govern a company’s operations, they serve different purposes.
The memorandum of association establishes the fundamental principles and objectives of the company at the time of its incorporation.
A memorandum of association will include details such as:
- the company’s name,
- registered office address,
- objects (i.e., the activities it is authorized to undertake),
- the amount of share capital, and
- the number and value of the shares the company is authorized to issue.
Whereas the articles of association are a set of rules that govern the internal management and operation of the company. They provide details about the company’s share capital, the rights and duties of shareholders, the appointment and powers of directors, the procedures for holding meetings, and other matters related to the company’s governance and administration.
For more information about articles of association in Thailand, please review our blog post ici.
What are the requirements for a memorandum of association?
A private limited company’s Memorandum of association must contain the following information:
- The name of the company
- The location of the company’s registered office
- The objectives of the company
- Registered capital must be divided into each share with the same value
- The name, address, age, occupation, and number of shares of the shareholders
- Name, address, and age of two witnesses
The memorandum of association for a public limited company must include the following:
- The company name
- The purpose of the company is to offer shares for sale to the public
- The objective of the company
- Registered capital, including the type, number, and value of shares
- The province where the company will be located
- The names, dates of birth, nationalities, and addresses of the promoters and the numbers of shares for which each of them has subscribed
The application for filing the memorandum must be submitted with a stamp duty of THB 200 to the Department of Business Development (DBD).
Capital requirements
The minimum capital to register a private limited company in Thailand is 15 Baht. Therefore, a company must have at least three shareholders, and the minimum amount per share is 5 Baht.
In practice, the authorities will not accept such a low amount as the minimum capital should be sufficient to operate the company’s business.
If the company hires foreign employees or needs to obtain some business licenses, additional capital requirements may apply. For example:
– Minimum capital: 15 baht (in practice, minimum 100,000 THB)
– Minimum capital with foreign employees: 2 million Baht (per foreign employee, however, if the foreign employee is married to a Thai national, 1 million Baht)
– Minimum capital for a majority foreign-owned company not subject to a Foreign Business License: 2 million Baht
– Minimum capital for a majority foreign-owned company with a Foreign Business Licence: 3 million Baht (or 25% of the average annual estimated expenses for three years of operation – whichever is the higher)
– Minimum capital with a BOI License: 1 million Baht (no capital requirement for skilled foreign employees).
However, if the private limited company employs foreign staff or directors, it is required to have THB 2 million in registered capital per foreign employee. Furthermore, restricted business under the Foreign Business Act requires a registered capital of THB 3 million.
The private limited company’s MOA registration fee is THB 50 per THB 100,000 of the registered capital. There is a minimum fee of THB 500, and the maximum fee is set at THB 25,000.
The registration fee for a public limited company is THB 1,000 per THB 1 million of the registered capital (with a maximum fee of THB 25,000).
Company directors
The company directors’ names, addresses, and occupations must be specified upon filing the memorandum of association.
There are no specific requirements regarding the nationality of the directors for a Thai limited company.
Registered corporate address
A registered business address is where the company’s official documents, letters, and notices are sent.
L'adresse de l'entreprise enregistrée doit être physique ou virtuelle et ne peut pas être une boîte postale.
Pour plus d'informations, veuillez consulter notre article de blog ici.
Comment Belaws peut-il vous aider ?
For more information about memorandums of association in Thailand, why not talk to one of our experts now?
Cet article est publié à titre d'information uniquement et ne constitue pas un avis juridique.
Nos consultations durent jusqu'à une heure et sont menées par des juristes experts qui parlent couramment l'anglais, le français et le thaï.
Les consultations peuvent être organisées sur WhatsApp ou sur le Logiciel de Vidéoconférence de votre convenance. Une consultation avec l’un de nos experts juridiques est sans aucun doute le meilleur moyen d’obtenir toutes les informations dont vous avez besoin et de répondre à toutes les questions que vous pourriez avoir sur votre nouvelle entreprise ou votre projet.
150 USD
Jusqu'à 1 heure
Paiement en ligne (Paypal ou carte bancaire)
Les consultations juridiques peuvent être menées en anglais, en français ou en thaï.
Les consultations juridiques sont assurées par des des avocats expérimentés dans les domaines concernés.
Questions fréquemment posées
What is a Memorandum of Association?
A Memorandum of Association is a legal document that establishes a company’s fundamental principles and objectives at the time of its incorporation. It includes essential details about the company, such as its name, registered office address, share capital, and authorized shares.
Why is a Memorandum of Association necessary for limited companies in Thailand?
Thai law requires that all limited companies must have a Memorandum of Association. It is a legal document that sets out how the company is formed and its founding principles and activities.
What is the difference between the Memorandum of Association and Articles of Association?
The Memorandum of Association establishes a company’s fundamental principles and objectives at the time of its incorporation, while Articles of Association are a set of rules that govern the internal management and operation of the company.
What are the capital requirements for registering a private limited company in Thailand?
The minimum capital to register a private limited company in Thailand is 15 Baht, but in practice, the minimum is 100,000 THB. If the company hires foreign employees or needs to obtain some business licenses, additional capital requirements may apply.
Puis-je enregistrer une société par action simplifiée à mon domicile ?
Changer le lieu d'enregistrement d'une entreprise en Thaïlande peut sembler simple, mais il existe en réalité deux procédures distinctes qu'il convient de respecter.
La première procédure s'applique lorsque l'entreprise déménage dans une autre localité au sein de la même province.
La seconde procédure s'applique lorsque l'entreprise déménage dans une autre province de Thaïlande.
Si l'entreprise déménage dans la même province, le changement doit être enregistré auprès du département des recettes. En outre, le Département du développement des entreprises (DBD) et le Fonds de Sécurité sociale (SSF) doivent également être informés du changement.
Il est important de mettre à jour l'adresse sur tous les permis de travail, licences commerciales et autres licences pertinentes. En outre, la banque utilisée par l'entreprise doit être informée du changement d'adresse.
Articles connexes
Why should entrepreneurs set up a holding company in Singapore?
International companies and entrepreneurs alike choose Singapore to register their regional headquarters or holding company.
5 reasons why Thailand is a great place to start a company
Here is a list of the top five business advantages that Thailand has to offer and should be kept in mind when considering entering the Thai market.
How to obtain financing for your business in Thailand
The Thai cabinet recently announced the approval of the draft Royal Decree regarding income tax exemption for investment in startups in Thailand.
Abonnez-vous aujourd'hui
Abonnez-vous aujourd'hui
À notre newsletter pour les dernières actualités juridiques
en Asie du Sud-Est, les mises à jour de Belaws et
les offres spéciales sur nos services.
To our newsletter today for all the latest legal news in South East Asia,
Belaws updates and special promotions on our services.
Belaws 2017 - 2025.
Belaws ne fournit que des informations et une plateforme technologique. Belaws n'est pas un "service de mise en relation avec des avocats" et ne fournit pas de services juridiques ni ne participe à aucune représentation juridique.
Belaws n'est pas un cabinet d'avocats ou un substitut à un avocat ou un cabinet d'avocats.
