{"id":9254,"date":"2022-12-01T16:00:48","date_gmt":"2022-12-01T09:00:48","guid":{"rendered":"https:\/\/belaws.com\/thailand\/?p=9254"},"modified":"2025-01-29T10:39:08","modified_gmt":"2025-01-29T03:39:08","slug":"articles-of-association-in-thailand","status":"publish","type":"post","link":"https:\/\/belaws.com\/thailand\/fr\/articles-of-association-in-thailand\/","title":{"rendered":"Que sont les statuts d\u2019une soci\u00e9t\u00e9 en Thailande ?"},"content":{"rendered":"<section  class='av_textblock_section av-ks8kyyfa-e516bae24dd4ed4f78e7dedb0aea1067'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock breadcrumb'  itemprop=\"text\" >\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-18myty-919e5cb9f68131fb6240d9c12261edb4\">\n.av_font_icon.av-18myty-919e5cb9f68131fb6240d9c12261edb4 .av-icon-char{\nfont-size:11px;\nline-height:11px;\n}\n<\/style>\n<span  class='av_font_icon av-18myty-919e5cb9f68131fb6240d9c12261edb4 avia_animate_when_visible av-icon-style- avia-icon-pos-left av-no-color avia-icon-animate'><span class='av-icon-char' aria-hidden='true' data-av_icon='\ue874' data-av_iconfont='entypo-fontello' ><\/span><\/span>\n<div style=\"padding-left: 15px\"><span class=\"\"><a href=\"https:\/\/belaws.com\/thailand\/\">Belaws Home<\/a> \u203a\u203a <a href=\"https:\/\/belaws.com\/thailand\/\">Thailand<\/a> \u203a\u203a <a href=\"https:\/\/belaws.com\/thailand\/blog\">Blog<\/a>\u00a0\u203a\u203a <\/span>What are the Articles of Association for companies in Thailand<\/div>\n<\/div><\/section>\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='av_section_1'  class='avia-section av-re718-f933e9e3a470259eecd4d4692aaacea2 main_color avia-section-no-padding avia-no-border-styling  avia-builder-el-2  el_after_av_textblock  el_before_av_section  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-9254'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ksd27few-1f8c384e085c379baccb5abbe326157c\">\n#top .hr.hr-invisible.av-ksd27few-1f8c384e085c379baccb5abbe326157c{\nheight:100px;\n}\n<\/style>\n<div  class='hr av-ksd27few-1f8c384e085c379baccb5abbe326157c hr-invisible  avia-builder-el-3  el_before_av_one_half  avia-builder-el-first  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div class='flex_column av-gmj0k-ac56bb06b98c278ca7684f46c4d7723e av_one_half  avia-builder-el-4  el_after_av_hr  el_before_av_one_half  first av-break-at-tablet flex_column_div '   ><p><section  class='av_textblock_section av-kscys0p5-d0fe1da2549b5d38fb08e5d3e4dbc794'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock sur-titre_bleu'  itemprop=\"text\" ><p>Incorporation<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lra90-9ab3f8d48a81ed396ae07bbaafa596f6'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h1_bleu_post'  itemprop=\"text\" ><h1>What are the Articles of Association for companies in Thailand<\/h1>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-b3jfo-03f63b84c9a76d84e1713c05a87923fd\">\n#top .hr.hr-invisible.av-b3jfo-03f63b84c9a76d84e1713c05a87923fd{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-b3jfo-03f63b84c9a76d84e1713c05a87923fd hr-invisible  avia-builder-el-7  el_after_av_textblock  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-kscyalj7-2ad25b68643e9517389c1de031001cff'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_18'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">30\/11\/2022<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-2mj4cc-546fb3795883e77cb448506a33b339b7'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_18'  itemprop=\"text\" ><p>Articles of Association are an essential aspect of company incorporation. Articles of Association determine how a company will operate and undertake specific procedures. The content contained in a company&#8217;s Articles of Associate is determined at the company&#8217;s statutory meeting and can be revised later with Shareholders\u2019 meetings.<\/p>\n<p>In this article, we take a look at some of the key provisions contained within a typical set of Articles of Association.<\/p>\n<\/div><\/section><\/p><\/div><div class='flex_column av-bmm5w-737f28be9bb008277e27311ae0eaf479 av_one_half  avia-builder-el-10  el_after_av_one_half  avia-builder-el-last  av-break-at-tablet flex_column_div '   ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kscy8en7-a8136b0487aa339d2d5e90aa3ed3023b\">\n.avia-image-container.av-kscy8en7-a8136b0487aa339d2d5e90aa3ed3023b .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-kscy8en7-a8136b0487aa339d2d5e90aa3ed3023b av-styling- avia-align-center  avia-builder-el-11  avia-builder-el-no-sibling  radius_10 img'  itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-9256 avia-img-lazy-loading-not-9256 avia_image' src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/What-are-the-Articles-of-Association-for-companies-in-Thailand.png\" alt='Investment opportunities in Thailand' title='Investment opportunities in Thailand'  height=\"800\" width=\"990\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/What-are-the-Articles-of-Association-for-companies-in-Thailand.png 990w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/What-are-the-Articles-of-Association-for-companies-in-Thailand-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/What-are-the-Articles-of-Association-for-companies-in-Thailand-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/What-are-the-Articles-of-Association-for-companies-in-Thailand-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/What-are-the-Articles-of-Association-for-companies-in-Thailand-15x12.png 15w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/What-are-the-Articles-of-Association-for-companies-in-Thailand-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/What-are-the-Articles-of-Association-for-companies-in-Thailand-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/What-are-the-Articles-of-Association-for-companies-in-Thailand-705x570.png 705w\" sizes=\"(max-width: 990px) 100vw, 990px\" \/><\/div><\/div><\/div><\/div>\n\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kscyoqk4-666a58ff317ddf61a5914fb400fd87f4\">\n.avia-section.av-kscyoqk4-666a58ff317ddf61a5914fb400fd87f4{\nbackground-color:#fafafa;\n}\n<\/style>\n<div id='av_section_2'  class='avia-section av-kscyoqk4-666a58ff317ddf61a5914fb400fd87f4 main_color avia-section-default avia-no-border-styling  avia-builder-el-12  el_after_av_section  el_before_av_section  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-9254'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ksd2ivxm-023071e5c33e5c283329416739e1beb3\">\n#top .hr.hr-invisible.av-ksd2ivxm-023071e5c33e5c283329416739e1beb3{\nheight:60px;\n}\n<\/style>\n<div  class='hr av-ksd2ivxm-023071e5c33e5c283329416739e1beb3 hr-invisible  avia-builder-el-13  el_before_av_two_third  avia-builder-el-first  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div class='flex_column av-fpevw-aab8acce1826d370629f645f34d6bd3b av_two_third  avia-builder-el-14  el_after_av_hr  el_before_av_one_third  first av-break-at-tablet flex_column_div '   ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lb329d7d-3f950f02b294bfa39eeb1b805d8d23d3\">\n#top .av_textblock_section.av-lb329d7d-3f950f02b294bfa39eeb1b805d8d23d3 .avia_textblock{\ncolor:#ffffff;\n}\n<\/style>\n<section  class='av_textblock_section av-lb329d7d-3f950f02b294bfa39eeb1b805d8d23d3'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock post_text_highlighting av_inherit_color'  itemprop=\"text\" ><p style=\"text-align: left\">Key points<\/p>\n<ul>\n<li>Articles of Association determine how a company will operate and undertake specific procedures.<\/li>\n<li>In Thailand, private limited companies can either create and adopt their own Articles of Association or implement the relevant provisions contained within the Thai Civil and Commercial Code.<\/li>\n<li>Provisions specified in the AoA are enforceable against third parties (unlike Shareholder Agreements that is private agreements between the shareholders).<\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-kscytnto-6f8bd4ca8aa4b5f4311495ee3b7802c6'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>What are the articles of association?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-8ohy4-ba2bc652f51fc02aca7b4faa3ec86cd2'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">Articles of Association are a document that specifies the regulations for a company&#8217;s operations and company&#8217;s purpose. Articles of Association also establish the procedure for the completion of tasks within the organization, for example, how to appoint directors and the handling of financial records.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Articles of Association must be recorded at the Ministry of Commerce. It is also important to note that the Ministry of Commerce will review all the provisions of all submitted Articles of Association. This is done to ensure all the provisions are compatible with the Thai Civil and Commercial Code. Should any provisions be found to go against the Civil and Commercial Code, they will be rejected.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Articles of Association are not a mandatory requirement. Should a company opt against implementing its own Articles of Association, the company will then be governed by the provisions of the Thai Civil and Commercial Code. <\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-law8zdws-63729cc5f39adbd38b2581b97c5d7f41'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">It is entirely possible for a company to not implement any Articles of Association during the initial incorporation stages, but decide to implement some at a later date. Should a company wish to do so, they will need to have the Articles of Association approved during a Shareholder&#8217;s meeting or EGM. Should a company wish to amend its Articles of Association, the changes will again have to be approved at a Shareholder&#8217;s meeting or EGM.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Finally, the provisions specified in the Articles of Association are enforceable against third parties (unlike Shareholder Agreements that is private agreements between the shareholders). This offers shareholders an added layer of protection and enforcement rights. Should an action be taken that goes against the Articles of Association, it will not be able to proceed.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-893pgz-417cf0891102d15fa8bff673921feb47\">\n#top .hr.hr-invisible.av-893pgz-417cf0891102d15fa8bff673921feb47{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-893pgz-417cf0891102d15fa8bff673921feb47 hr-invisible  avia-builder-el-19  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-gfh9xy-e0bde1d55d8468f28ed18b9996433e48'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h3>Provisions included in the articles of association<\/h3>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-dksn8m-8a3788d84dfb83d2abe7e575458a98c8'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">In Thailand, private limited companies can either create and adopt their own Articles of Association or implement the relevant provisions contained within the Thai Civil and Commercial Code.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Articles of Association usually include, but are not limited to the following chapters:<\/span><\/p>\n<p><span style=\"font-weight: 400\">Chapter 1: General provisions<\/span><\/p>\n<p><span style=\"font-weight: 400\">Chapter 2: Shares and shareholders<\/span><\/p>\n<p><span style=\"font-weight: 400\">Chapter 3: Directors<\/span><\/p>\n<p><span style=\"font-weight: 400\">Chapter 4: Shareholders\u2019 meeting<\/span><\/p>\n<p><span style=\"font-weight: 400\">Chapter 5: Balance sheet<\/span><\/p>\n<p><span style=\"font-weight: 400\">Chapter 6: Dividend and reserve fund<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-bxixyu-13a47cec5e18968dc4f6c3e10a93cecf\">\n#top .hr.hr-invisible.av-bxixyu-13a47cec5e18968dc4f6c3e10a93cecf{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-bxixyu-13a47cec5e18968dc4f6c3e10a93cecf hr-invisible  avia-builder-el-22  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-2uxm2u-5026684a4ada939707226fca38a07231'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Chapter 1: General provisions<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lahyf3ht-068db732d71cb564f73f65a8f0d62588'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">Chapter 1 of a company&#8217;s Articles of Association is made up of the provisions contained in the Thai Civil and Commercial Code relating to private limited companies. These provisions will apply in all circumstances.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As per Thai law, any amendments or modifications to be made to a company&#8217;s Articles of Association must be approved by a shareholders\u2019 meeting.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-4bsh7i-1853d6b6c18558b15dfd3e19aca78a67\">\n#top .hr.hr-invisible.av-4bsh7i-1853d6b6c18558b15dfd3e19aca78a67{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-4bsh7i-1853d6b6c18558b15dfd3e19aca78a67 hr-invisible  avia-builder-el-25  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-lauskvet-abe861791ac972763dded420befd8786'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Chapter 2: Shares and shareholders<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lauslmc8-3aa8065cca49c15ba95a49211946066a'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">Chapter 2 of a typical set of Articles of Association usually relates to the shares and shareholders. The details contained within this chapter can be made up of the following information:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Details for the types of shares must be entered into the name certificate, and the shares must be fully paid up.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Every share certificate of shares must be signed by at least one director and contain the company seal.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Any transfer of shares must be made in writing and signed by the transferor, transferee, and certified by at least one witness.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The transfer of shares will only be valid when the company registers the transfer.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The company cannot own its own shares or take them in pledge.<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-3o2zy9-ed27b8c4323361990cb2504dc0e34a46\">\n#top .hr.hr-invisible.av-3o2zy9-ed27b8c4323361990cb2504dc0e34a46{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-3o2zy9-ed27b8c4323361990cb2504dc0e34a46 hr-invisible  avia-builder-el-28  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-lausm3dw-a740ab9a22ae06876ee181b9cdd44f05'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Chapter 3: Directors<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lausm9ft-614dda890c1933f67218fba30a13d3c6'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">Typically Chapter 3 of the Articles of Association relates to the company directors. The directors of a company are appointed by the shareholders to manage the company&#8217;s day-to-day affairs.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Examples of typical clauses include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Key details such as the number and remuneration of the directors at the company will be established by the general meeting of shareholders.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Should a vacancy in the board of directors arise, the vacancy must be filled up by a director appointed by the board of directors.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Any replacement director appointed shall retain their position for the same duration only as the director to the replaced was entitled.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The director may fix the quorum necessary for business transactions at their meetings. Unless stated otherwise, a quorum will be set at three (when the number of directors exceeds three).<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The board of directors is responsible for the company\u2019s management.<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-336wc1-f24781eee8c7d4eb8626e4dad48df87a\">\n#top .hr.hr-invisible.av-336wc1-f24781eee8c7d4eb8626e4dad48df87a{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-336wc1-f24781eee8c7d4eb8626e4dad48df87a hr-invisible  avia-builder-el-31  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-blxnt-18dc398ce50def3ef84eeedda2fd98ea'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Chapter 4: Shareholders\u2019 meeting<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-law92tu8-2da52e2fcd4f157fae2959e1fc7a490b'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">Chapter 4 refers to Shareholders&#8217; meetings. A shareholders\u2019 meeting is a meeting called for and held by the shareholders of a company. Such meetings are used to discuss the arrangements of the company or to vote in the election of board members.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Typical clauses include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The general meeting of shareholders will usually be held within six months after the company registration and held every following 12 months. This meeting is also known as an ordinary meeting. Other types of general meetings are called extraordinary meetings.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Directors may request an extraordinary meeting for special resolutions or in response to a request made in writing by shareholders holding (who hold no less than one-fifth of the shares).<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Shareholders who are unable to physically attend the meeting can vote by proxy, provided that the power given to the proxy is in writing.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The chairman of the board of directors shall preside at every general meeting of shareholders.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">If no chairman is present or the chairman has not arrived within 15 minutes after the appointed time of holding the meeting, the shareholders may elect one of their members to be the chairman.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">A general meeting may not transact any business unless shareholders representing at least one-fourth of the company&#8217;s capital are present. If the required amount of shareholders is not present within an hour, the meeting shall be dissolved.<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-6s7kbi-b887376a0f8db20407f723ba0bace5d7\">\n#top .hr.hr-invisible.av-6s7kbi-b887376a0f8db20407f723ba0bace5d7{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-6s7kbi-b887376a0f8db20407f723ba0bace5d7 hr-invisible  avia-builder-el-34  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-474fvy-5f14c92f44df10f70f06359817db43e4'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Chapter 5: Balance sheet<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-laqj9m4x-03945756691753d95df497bd6ebe2d2b'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">A balance sheet is effectively a statement of a business&#8217;s assets, liabilities, and owner&#8217;s equity and is to be prepared as a mandatory requirement for companies in Thailand. Chapter 5 relates to balance sheets when they need to be prepared by etc.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">A balance sheet containing a summary of the company\u2019s assets and liabilities and a profit and loss account must be made at least once every financial year from 1 January to 31 December.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The balance sheet must be examined by at least one auditor and submitted at the general meeting for approval within four months from the date the balance sheet was finalised.<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-5mp81i-2c25d1c3098f8c05d0dba9bc8149f2d4\">\n#top .hr.hr-invisible.av-5mp81i-2c25d1c3098f8c05d0dba9bc8149f2d4{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-5mp81i-2c25d1c3098f8c05d0dba9bc8149f2d4 hr-invisible  avia-builder-el-37  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-lb32eyqt-f2d8b43f77b09213e6a48d04f42f2e8a'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Chapter 6: Dividend and reserve funds<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lb32f94n-3f09953ab98560fc50d25fc6bd3a34b4'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">A dividend is the distribution of corporate profits to eligible shareholders. The Articles of Association typically set out how dividends etc are to be calculated and paid out.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The distribution of dividends must be made in proportion to the amount paid upon each share unless decided with regard to preference shares.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The company must place in a reserve fund at the time of distribution of dividends, at least one-twentieth of the profits arising from the company\u2019s business until the reserve fund reaches the one-tenth part of the capital of the company or such higher proportion thereof.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Any other provisions that the parties wish to make enforceable towards third parties such as the right of first refusal and anti-dilution clauses to protect the existing shareholders.\u00a0<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-4dbs12-c1bd57c117cfd6c639123737db3f78fd\">\n#top .hr.hr-invisible.av-4dbs12-c1bd57c117cfd6c639123737db3f78fd{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-4dbs12-c1bd57c117cfd6c639123737db3f78fd hr-invisible  avia-builder-el-40  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-325lrq-a077d4333f6464d2332988083945a430'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>How can Belaws help?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lb32fhcu-c851a9eae6566c504707746b08c3e4f6'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">For more information about the Articles of Association in Thailand, why not talk to one of our experts now?<\/span><\/p>\n<\/div><\/section><br \/>\n<div  class='avia-button-wrap avia-button-left  avia-builder-el-43  el_after_av_textblock  el_before_av_textblock  bouton-cta' ><a href=\"https:\/\/wa.me\/+66636955945\" class=\"avia-button av-2rocsm-ad93c683973fd17f09fcd73d6f5e78e0 avia-icon_select-yes-right-icon avia-size-large avia-position-left avia-color-theme-color\" target=\"_blank\" rel=\"noopener noreferrer\"><span class='avia_iconbox_title' >Talk to an expert<\/span><span class='avia_button_icon avia_button_icon_right' aria-hidden='true' data-av_icon='\uf232' data-av_iconfont='entypo-fontello'><\/span><\/a><\/div><br \/>\n<section  class='av_textblock_section av-kwblafeu-2c986c33a08f69093aaaae2a313f7e9b'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">If you would like to learn more about how our experts can help with your accounting and secretary needs, please click <\/span><a href=\"https:\/\/belaws.com\/thailand\/accounting-secretary\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">here<\/span><\/a><span style=\"font-weight: 400\">. For more details about our incorporation services, please click<\/span><a href=\"https:\/\/belaws.com\/thailand\/incorporation\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\"> here.<\/span><\/a><span style=\"font-weight: 400\">\u00a0<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-202agu-0666a0f170c6ef2d3fd3cdeabcf6da69'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><em>Please note that this article is for information purposes only and <strong>does not constitute legal advice<\/strong>.<\/em><\/p>\n<\/div><\/section><br \/>\n<div  class='av-social-sharing-box av-l4rstf25-09aa8edfee9bfff0c66b62d8ea68b23c av-social-sharing-box-default  avia-builder-el-46  el_after_av_textblock  el_before_av_hr  av-social-sharing-box-fullwidth'><div class=\"av-share-box\"><h5 class='av-share-link-description av-no-toc '>Share this 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avia-builder-el-52  el_after_av_image  el_before_av_button '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<div  class='avia-button-wrap avia-button-center  avia-builder-el-53  el_after_av_hr  el_before_av_hr  bouton-cta' ><a href=\"https:\/\/belaws.com\/thailand\/immediate-consultation-calendly-link\/\" class=\"avia-button av-j4oxcr-982f2f654e6006a9abbe87f67b0e2adb avia-icon_select-yes-right-icon avia-size-large avia-position-center avia-color-theme-color\" target=\"_blank\" rel=\"noopener noreferrer\"><span class='avia_iconbox_title' >Book now<\/span><span class='avia_button_icon avia_button_icon_right' aria-hidden='true' data-av_icon='\ue871' data-av_iconfont='entypo-fontello'><\/span><\/a><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1xgc7i-1f7cbfe8fdc424141cc6b6f218a09d50\">\n#top .hr.hr-invisible.av-1xgc7i-1f7cbfe8fdc424141cc6b6f218a09d50{\nheight:25px;\n}\n<\/style>\n<div  class='hr av-1xgc7i-1f7cbfe8fdc424141cc6b6f218a09d50 hr-invisible  avia-builder-el-54  el_after_av_button  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-p84k-4017eaf9b1649a60b0ff810854b78620'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_14'  itemprop=\"text\" ><p>Our consultations last for a period of up to 1 hour and are conducted by expert Lawyers who are fluent in English, French and Thai.<\/p>\n<p>Consultations can be hosted via WhatsApp or Video Conferencing software for your convenience. A consultation with one of our legal experts is undoubtedly the best way to get all the information you need and answer any questions you may have about your new business or project.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kslm1kpi-e6d522183c5eda06f320ce62b63c40c6\">\n#top .hr.hr-invisible.av-kslm1kpi-e6d522183c5eda06f320ce62b63c40c6{\nheight:15px;\n}\n<\/style>\n<div  class='hr av-kslm1kpi-e6d522183c5eda06f320ce62b63c40c6 hr-invisible  avia-builder-el-56  el_after_av_textblock  el_before_av_codeblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<br \/>\n<br \/>\n<br \/>\n<br \/>\n<\/p><\/div><\/div><\/div><\/div><!-- close content main div --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-l8ctxpd9-095dc0c75aa2de5329ec8b624b867e69\">\n.avia-section.av-l8ctxpd9-095dc0c75aa2de5329ec8b624b867e69{\nbackground-color:#dfeef6;\n}\n<\/style>\n<div id='av_section_3'  class='avia-section av-l8ctxpd9-095dc0c75aa2de5329ec8b624b867e69 main_color avia-section-default avia-no-border-styling  avia-builder-el-62  el_after_av_section  el_before_av_one_full  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-9254'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-fyhro1-0cf30a10ffa966a21c55aed6dcf53641\">\n#top .hr.hr-invisible.av-fyhro1-0cf30a10ffa966a21c55aed6dcf53641{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-fyhro1-0cf30a10ffa966a21c55aed6dcf53641 hr-invisible  avia-builder-el-63  el_before_av_textblock  avia-builder-el-first  av-desktop-hide av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<section  class='av_textblock_section av-e8bwe9-42a5aa99fe46b76eb6bea8fd40de44ad'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h3_bleu'  itemprop=\"text\" ><h3 style=\"text-align: left\">Frequently asked questions<\/h3>\n<\/div><\/section>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-37pzrl-0e2130f093209067c90d3f6b04c2d251\">\n#top .hr.hr-invisible.av-37pzrl-0e2130f093209067c90d3f6b04c2d251{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-37pzrl-0e2130f093209067c90d3f6b04c2d251 hr-invisible  avia-builder-el-65  el_after_av_textblock  el_before_av_toggle_container  av-desktop-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div  class='togglecontainer av-6etla-ac58587fb202314160700b496f9b64ca  avia-builder-el-66  el_after_av_hr  avia-builder-el-last  av-accordion-style-2 toggle_close_all'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/FAQPage\" >\n<section class='av_toggle_section av-g4zmda-c308983732c238c1d400bba934cfd49d'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{Tout} \"  ><p data-fake-id='#toggle-id-1' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-1'>Can a foreigner open a company in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-1' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Yes it is possible for a foreigner to open a company in Thailand. There are also options available which allow 100% foreign owned companies as well.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-e5m6da-d70763b11c22a4445f69d1651129898c'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{Tout} \"  ><p data-fake-id='#toggle-id-2' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-2'>How much does it cost to set up a company in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-2' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>The official fees for registering a company in Thailand are THB 7,500.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-byngem-c1b2c2587aee958f139db8c9836b202c'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{Tout} \"  ><p data-fake-id='#toggle-id-3' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-3'>How do I start a limited company in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-3' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><ol>\n<li>Step 1: Choose and register a company name.<\/li>\n<li>Step 2: Draft and file the Memorandum of Association.<\/li>\n<li>Step 3: Call and hold a Statutory Meeting of the shareholders<\/li>\n<li>Step 4: Register the Company with the Ministry of Commerce.<\/li>\n<li>Step 5: Register the company for Value-Added Tax (VAT) and Income Tax<\/li>\n<\/ol>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-ar0lha-c4096a9c2ce759d08bdd86d8a735d176'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{Tout} \"  ><p data-fake-id='#toggle-id-4' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-4'>Is it good to start a business in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-4' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Thailand is an attractive option for those wishing to start a business. Thailand has a great infrastructure in place and scheme such as the BOI provide great incentives for companies to take advantage of.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-9150ku-d2c9b041a864e6c4d0c7198e12f32cbe'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{Tout} \"  ><p data-fake-id='#toggle-id-5' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-5'>How much money do you need to start a business in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-5' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Typically, it costs between THB 40,000 to THB 60,000 (excluding VAT and Government fees) to start a business in Thailand.The official fees for registering a company in Thailand are THB 7,500.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-88j4ym-c964aeb1eab194f4a2bddc9992cf4c1a'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{Tout} \"  ><p data-fake-id='#toggle-id-6' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-6'>How can a foreigner start a small business in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-6' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Yes, foreigners can start a business in Thailand. However, certain business activities are restricted by the Foreign Business Act and in order for businesses to undertake them they must obtain a Foreign Business Licence\/Certificate which can be time consuming and complicated.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-6dh33i-56c9d0836a5bfdf50d6a1a4a84f18d9b'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{Tout} \"  ><p data-fake-id='#toggle-id-7' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-7'>What is the biggest problem in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-7' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>The biggest problem facing foreign owned companies is being able to undertake their desired business activity as a 100% foreign owned company. Many business activities are protected by the Foreign Business Act and in order for a company to operate in these protected industries, they will be required to be majority owned by Thai Shareholders (unless a BOI promotion has been obtained).<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-49ftfi-9ec6d82c6a5498df78509fcdbaebe2c6'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{Tout} \"  ><p data-fake-id='#toggle-id-8' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-8'>Why is it hard to do business in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-8' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>The Foreign Business Act limits to the business activities a 100% foreign owned company can undertake. This means Thai Shareholders will need to be sought or a BOI promotion obtained in order for a company to legally operate.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-2dy4am-4dd62eee52450fe872ce06a95fc5799e'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{Tout} \"  ><p data-fake-id='#toggle-id-9' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-9'>Can I own a company in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-9' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Yes, foreigners can start a business in Thailand. However, certain business activities are restricted by the Foreign Business Act and in order for businesses to undertake them they must obtain a Foreign Business Licence\/Certificate which can be time consuming and complicated.<\/p>\n<\/div><\/div><\/div><\/section>\n<\/div>\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='after_section_3'  class='main_color av_default_container_wrap container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-9254'><div class='entry-content-wrapper clearfix'><\/p>\n<div class='flex_column av-qqtyiz-0d401a2ec3b1be9fe8b6b4ff052340e0 av_one_full  avia-builder-el-67  el_after_av_section  el_before_av_section  avia-builder-el-no-sibling  first flex_column_div '   ><section  class='av_textblock_section av-2jjczv-f8cba9213d57d135389f2377189c4f87'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Related articles<\/h2>\n<\/div><\/section><br \/>\n<div id='av-masonry-1' class='av-masonry av-2fkee3-f76f914263e64ca8959d0aca2d2ed89f noHover av-flex-size av-large-gap av-hover-overlay-active av-masonry-animation-active av-masonry-col-3 av-caption-always av-caption-style- av-masonry-entries '><div class=\"av-masonry-container isotope av-js-disabled\"><div class='av-masonry-entry isotope-item av-masonry-item-no-image '><\/div><a href=\"https:\/\/belaws.com\/thailand\/fr\/prix-enregistrement-societe-en-thailande\/\" id=\"av-masonry-1-item-5194\" data-av-masonry-item=\"5194\" class=\"av-masonry-entry isotope-item post-5194 post type-post status-publish format-standard has-post-thumbnail hentry category-incorporation category-corporate tag-francais tag-limited-company tag-registering-a-company-in-thailand  av-masonry-item-with-image\" title=\"What is the cost of registering a company in Thailand?\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\"><div class='av-inner-masonry-sizer'><\/div><figure class='av-inner-masonry main_color'><div class=\"av-masonry-outerimage-container\"><div class='av-masonry-image-container'   ><img decoding=\"async\" width=\"705\" height=\"570\" class=\"wp-image-5196 avia-img-lazy-loading-not-5196\"  src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087-705x570.png\" title=\"What is the cost of registering a company in Thailand?\" alt=\"What is the cost of registering a company in Thailand?\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087-705x570.png 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087.png 990w\" sizes=\"(max-width: 705px) 100vw, 705px\" \/><\/div><\/div><figcaption class='av-inner-masonry-content site-background'><div class='av-inner-masonry-content-pos'><div class='av-inner-masonry-content-pos-content'><div class='avia-arrow'><\/div><h3 class='av-masonry-entry-title entry-title '  itemprop=\"headline\" >What is the cost of registering a company in Thailand in 2025?<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >21\/10\/2021<br \/>\r\nAll you need to know about the cost of creating and registering a company in Thailand.<\/div><span class='av-masonry-date meta-color updated'>octobre 21, 2021<\/span><span class=\"av-masonry-text-sep text-sep-author\">\/<\/span><span class='av-masonry-author meta-color author'><span class='fn'>par bertrand_admin_belaws<\/span><\/span><\/div><\/div><\/figcaption><\/figure><\/a><!--end av-masonry entry--><a href=\"https:\/\/belaws.com\/thailand\/fr\/set-up-a-holding-company-in-singapore\/\" id=\"av-masonry-1-item-6667\" data-av-masonry-item=\"6667\" class=\"av-masonry-entry isotope-item post-6667 post type-post status-publish format-standard has-post-thumbnail hentry category-legal tag-company-registration  av-masonry-item-with-image\" title=\"Why should entrepreneurs set up a holding company in Singapore?\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\"><div class='av-inner-masonry-sizer'><\/div><figure class='av-inner-masonry main_color'><div class=\"av-masonry-outerimage-container\"><div class='av-masonry-image-container'   ><img decoding=\"async\" width=\"705\" height=\"570\" class=\"wp-image-6672 avia-img-lazy-loading-not-6672\"  src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Holding-company-SG-705x570.png\" title=\"Why should entrepreneurs set up a holding company in Singapore?\" alt=\"Why should entrepreneurs set up a holding company in Singapore?\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Holding-company-SG-705x570.png 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Holding-company-SG-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Holding-company-SG-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Holding-company-SG-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Holding-company-SG-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Holding-company-SG-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Holding-company-SG.png 990w\" sizes=\"(max-width: 705px) 100vw, 705px\" \/><\/div><\/div><figcaption class='av-inner-masonry-content site-background'><div class='av-inner-masonry-content-pos'><div class='av-inner-masonry-content-pos-content'><div class='avia-arrow'><\/div><h3 class='av-masonry-entry-title entry-title '  itemprop=\"headline\" >Why should entrepreneurs set up a holding company in Singapore?<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >12\/04\/2022<br \/>\r\nInternational companies and entrepreneurs alike choose Singapore to register their regional headquarters or holding company.<\/div><span class='av-masonry-date meta-color updated'>avril 12, 2022<\/span><span class=\"av-masonry-text-sep text-sep-author\">\/<\/span><span class='av-masonry-author meta-color author'><span class='fn'>par jonathan<\/span><\/span><\/div><\/div><\/figcaption><\/figure><\/a><!--end av-masonry entry--><a href=\"https:\/\/belaws.com\/thailand\/fr\/5-reasons-to-start-a-company-in-thailand\/\" id=\"av-masonry-1-item-6850\" data-av-masonry-item=\"6850\" class=\"av-masonry-entry isotope-item post-6850 post type-post status-publish format-standard has-post-thumbnail hentry category-legal tag-company-registration tag-incorporation tag-thailand  av-masonry-item-with-image\" title=\"5 reasons why Thailand is a great place to start a company\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\"><div class='av-inner-masonry-sizer'><\/div><figure class='av-inner-masonry main_color'><div class=\"av-masonry-outerimage-container\"><div class='av-masonry-image-container'   ><img decoding=\"async\" width=\"705\" height=\"570\" class=\"wp-image-6862 avia-img-lazy-loading-not-6862\"  src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Thailand-Business-new-705x570.png\" title=\"5 reasons why Thailand is a great place to start a company\" alt=\"5 reasons why Thailand is a great place to start a company\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Thailand-Business-new-705x570.png 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Thailand-Business-new-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Thailand-Business-new-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Thailand-Business-new-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Thailand-Business-new-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Thailand-Business-new-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Thailand-Business-new.png 990w\" sizes=\"(max-width: 705px) 100vw, 705px\" \/><\/div><\/div><figcaption class='av-inner-masonry-content site-background'><div class='av-inner-masonry-content-pos'><div class='av-inner-masonry-content-pos-content'><div class='avia-arrow'><\/div><h3 class='av-masonry-entry-title entry-title '  itemprop=\"headline\" >5 reasons why Thailand is a great place to start a company<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >21\/04\/2022<br \/>\r\nHere 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.<\/div><span class='av-masonry-date meta-color updated'>avril 22, 2022<\/span><span class=\"av-masonry-text-sep text-sep-author\">\/<\/span><span class='av-masonry-author meta-color author'><span class='fn'>par jonathan<\/span><\/span><\/div><\/div><\/figcaption><\/figure><\/a><!--end av-masonry entry--><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-mw4lq3-4d1f7b909685b16735a77d3969f438e4\">\n#top .hr.hr-invisible.av-mw4lq3-4d1f7b909685b16735a77d3969f438e4{\nheight:160px;\n}\n<\/style>\n<div  class='hr av-mw4lq3-4d1f7b909685b16735a77d3969f438e4 hr-invisible  avia-builder-el-70  el_after_av_masonry_entries  el_before_av_hr  avia-builder-el-first '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2t7ggu-2a4c1573616b55e3f23896ce5c09b120\">\n#top .hr.hr-invisible.av-2t7ggu-2a4c1573616b55e3f23896ce5c09b120{\nheight:160px;\n}\n<\/style>\n<div  class='hr av-2t7ggu-2a4c1573616b55e3f23896ce5c09b120 hr-invisible  avia-builder-el-71  el_after_av_hr  avia-builder-el-last '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><\/p><\/div>\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-l94jsj-fece82020c76855b981a9880bf2eccd9\">\n.avia-section.av-l94jsj-fece82020c76855b981a9880bf2eccd9{\nbackground-color:#dfeef6;\n}\n<\/style>\n<div id='av_section_4'  class='avia-section av-l94jsj-fece82020c76855b981a9880bf2eccd9 main_color 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itemprop=\"blogPost\" ><div class='av-desktop-hide avia_textblock h3_bleu_clair2'  itemprop=\"text\" ><h3 style=\"text-align: center\">Subscribe today<\/h3>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-b1k61v-6c0608b6b04acd6bbff0b238542718dd'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='av-medium-hide av-small-hide av-mini-hide avia_textblock text_18'  itemprop=\"text\" ><p style=\"text-align: right\">To our newsletter for all the latest legal news<br \/>\nin South East Asia, Belaws updates and<br \/>\nspecial promotions on our services.<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-8xxwib-9cee78aeff88cfdd1cd602538c7331f4'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='av-desktop-hide avia_textblock text_18'  itemprop=\"text\" ><p style=\"text-align: center\">To our newsletter today for all the latest legal news in 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=\"color:white;font-size:12px\">Belaws 2017 - 2025. \r\n<br>Belaws provides information and software only. Belaws is not a \"lawyer referral service\" and does not provide legal service or participate in any legal representation.\r\n<br>Belaws is not a law firm or a substitute for an attorney or a law firm. 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