{"id":10235,"date":"2023-04-24T12:01:17","date_gmt":"2023-04-24T05:01:17","guid":{"rendered":"https:\/\/belaws.com\/thailand\/?p=10235"},"modified":"2025-01-29T10:39:17","modified_gmt":"2025-01-29T03:39:17","slug":"understanding-share-purchase-agreements","status":"publish","type":"post","link":"https:\/\/belaws.com\/thailand\/understanding-share-purchase-agreements\/","title":{"rendered":"Understanding Share Purchase Agreements in Thailand"},"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> \u203a\u203a <\/span>Understanding Share Purchase Agreements in Thailand<\/div>\n<\/div><\/section>\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='introduction'  class='avia-section av-re718-6a245fcc227447d026dc3153b9173d31 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-10235'><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>legal<\/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>Understanding Share Purchase Agreements 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\">24\/04\/2023<\/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><span style=\"font-weight: 400\">A Share Purchase Agreement (SPA) is a legally binding document that sets out the terms and conditions for acquiring shares in a company. It is a crucial component of buying a business in Thailand. In Thailand, SPAs are commonly used when one party intends to purchase shares of an existing company from another party. The main purpose of a SPA is to ensure that both parties fully understand and agree upon the terms of the transaction, including the purchase price, the number of shares, and any conditions or warranties associated with the shares.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This blog post will explore Share Purchase Agreements in Thailand in more detail.<\/span><\/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-kscy8en7-127763812256fb9a67ebc3400c483878\">\n.avia-image-container.av-kscy8en7-127763812256fb9a67ebc3400c483878 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-kscy8en7-127763812256fb9a67ebc3400c483878 av-styling- avia-align-center  avia-builder-el-11  avia-builder-el-no-sibling  radius_10 img av-has-copyright av-copyright-icon-reveal'  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-10236 avia-img-lazy-loading-not-10236 avia_image' src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/04\/Understanding-Share-Purchase-Agreements-in-Thailand.png\" alt='Opening a Shop in Thailand' title='Opening a Shop in Thailand'  height=\"800\" width=\"990\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/04\/Understanding-Share-Purchase-Agreements-in-Thailand.png 990w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/04\/Understanding-Share-Purchase-Agreements-in-Thailand-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/04\/Understanding-Share-Purchase-Agreements-in-Thailand-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/04\/Understanding-Share-Purchase-Agreements-in-Thailand-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/04\/Understanding-Share-Purchase-Agreements-in-Thailand-15x12.png 15w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/04\/Understanding-Share-Purchase-Agreements-in-Thailand-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/04\/Understanding-Share-Purchase-Agreements-in-Thailand-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/04\/Understanding-Share-Purchase-Agreements-in-Thailand-705x570.png 705w\" sizes=\"(max-width: 990px) 100vw, 990px\" \/><\/div><small class=\"avia-copyright\">&lt;a href=&quot;https:\/\/www.freepik.com\/free-vector\/partnership-concept-illustration_13766133.htm#query=agreement&amp;position=18&amp;from_view=search&amp;track=sph&quot;&gt;Image by storyset&lt;\/a&gt; on Freepik<\/small><\/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-10235'><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 style=\"font-weight: 400\"><span style=\"font-weight: 400\">A Share Purchase Agreement (SPA) is a legally binding document that sets out the terms and conditions for acquiring shares in a company.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">A SPA ensures that both parties fully understand and agree upon the terms of the transaction, including the purchase price, the number of shares, and any conditions or warranties associated with the shares.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The SPA must comply with Thailand&#8217;s relevant laws and regulations.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Any breach of the terms of a SPA can result in legal consequences.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">A SPA can be written in the English language.<\/span><\/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 is a Share Purchase Agreement in Thailand?<\/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\">A Share Purchase Agreement in Thailand is a legal document outlining the terms and conditions of a share acquisition transaction, ensuring that both parties know their rights and responsibilities.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The SPA must comply with Thailand&#8217;s relevant laws and regulations and contain essential provisions, such as a detailed description of the shares, the purchase price, and the payment terms. Additionally, the SPA may include provisions related to warranties and representations, indemnity, restrictive covenants, and dispute resolution, all of which aim to safeguard the interests of both parties and ensure a smooth transaction free from legal complications.<\/span><\/p>\n<p><span style=\"font-weight: 400\">It is important to note that a SPA is a legally binding agreement, and any breach of its terms can result in legal consequences<\/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-18  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\" ><h2>When should you use a Share Purchase Agreement?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lbvv3xia-d149a1fd03f97fef5ae6d28412b0c71d'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">Typically, a share purchase agreement will be used when you want to buy or sell shares in a company or business. This could be for a variety of reasons, such as:<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lg22j835-63a35fb58536f4d93e2673bd81528550'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b><i>Investment:<\/i><\/b><span style=\"font-weight: 400\"> If an investor is interested in buying shares in a company, they would use a share purchase agreement to purchase the shares from the company or the existing shareholders.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lg22jh6y-77fdb7ff136602b8aad53af5561551e6'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b><i>Mergers and Acquisitions:<\/i><\/b><span style=\"font-weight: 400\"> If a company is looking to acquire another company, it would use a share purchase agreement to acquire the target company&#8217;s shares.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lg22jqgm-f28e95b906caca7608219f99526eb6c2'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b><i>Shareholder Agreements<\/i><\/b><i><span style=\"font-weight: 400\">:<\/span><\/i><span style=\"font-weight: 400\"> If shareholders of a company want to sell their shares to other shareholders or a third party, they would use a share purchase agreement to document the sale.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lgud1s62-925fbc08f65841d875f1f4035afd4249'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b><i>Purchasing Real Estate: <\/i><\/b><span style=\"font-weight: 400\">In Thailand, a Share Purchase Agreement would be used to buy real estate when a company owns the property.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lgud25j5-4d6001cae5ce30eb841cf9a813050e21'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b><i>Exit Strategies:<\/i><\/b><span style=\"font-weight: 400\"> If a company&#8217;s founders or early investors want to exit the company and sell their shares, they would use a share purchase agreement to document the sale.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lgud2bt6-5fc53115043c37517603d53693428e27'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">A share purchase agreement should be used whenever a transaction involves buying or selling shares in a company, whether for investment purposes or corporate restructuring. <\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-46gfwb-58a10d20942bf67843dddd375c649e17\">\n#top .hr.hr-invisible.av-46gfwb-58a10d20942bf67843dddd375c649e17{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-46gfwb-58a10d20942bf67843dddd375c649e17 hr-invisible  avia-builder-el-27  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-2ekuia-f4cdd029a06b7f44c122570d3699f8d9'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>What are the Legal Requirements for Share Purchase Agreements in Thailand?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-ldblbhc1-f298b29c3115cdbbbf6ad3768e1f1c33'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">A SPA must comply with the Civil and Commercial Code requirements, the Public Limited Companies Act, and other relevant regulations in Thailand. The SPA must be in writing and bear both parties&#8217; signatures. Furthermore, it must include essential provisions, such as the parties&#8217; names, a detailed description of the shares, the purchase price, and the payment terms.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lg69ujoe-beb670f10593c7af102d7834413cb886'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">In addition to these essential provisions, a SPA in Thailand may include provisions related to warranties and representations, indemnity, restrictive covenants, and dispute resolution, among others. These provisions protect the parties&#8217; interests and prevent potential legal challenges after the transaction.\u00a0<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lg69vc3y-d7de842db303f7a53fbcac7034952081'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">Investors should also be aware that Share Purchase Agreements in Thailand can also be written in English; they do not have to be written in Thai. Furthermore, in practice, parties will sign a one-page Share Transfer Instrument that meets the minimum requirement of the Civil and Commercial Code for the share transfer to be valid, alongside a more detailed Share Purchase Agreement that contains specific and detailed provisions.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-649b0e-50a8b59d6472fe9ba7b5e0d211b2e710\">\n#top .hr.hr-invisible.av-649b0e-50a8b59d6472fe9ba7b5e0d211b2e710{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-649b0e-50a8b59d6472fe9ba7b5e0d211b2e710 hr-invisible  avia-builder-el-32  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-lezdvgsq-6e3e512aed92c5e125197232e9b4593f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>What are the requirements for a Share Purchase Agreement in Thailand?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lezdvugg-68624e9d0f5e1cbb9aa84cb627635cfa'  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, the transfer of shares must comply with the regulations stipulated in the Civil and Commercial Code and the Securities and Exchange Act. Some of the conditions for transferring shares in Thailand include the following:<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lg69w02n-68451816bf901ebb399735b13fe117a3'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b><i>Written Transfer: <\/i><\/b><span style=\"font-weight: 400\">The transfer of shares must be documented in writing and bear the signatures of both parties or their representatives.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lg69w5ql-24c41ee97dbb45ba37cf14340ec6ce13'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b><i>Compliance with Share Transfer Restrictions:<\/i><\/b> <span style=\"font-weight: 400\">Certain business activities are prohibited for foreign-owned companies. As a result, companies engaged in these activities must impose restrictions on the transfer of shares, including pre-emptive rights or restrictions on foreign ownership. An example would be if a majority Thai-owned company is engaged in activities restricted to foreign-owned companies (and the company does not possess the correct business licence) and were to transfer shares, resulting in the company becoming foreign-owned. Such a scenario would mean that the company would be in breach of the Foreign Business Act and subject to possible penalties for this breach.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lg69wbxt-13d92a2cace58c7ab198aab3b763b71b'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><strong><i>Compliance with the company&#8217;s Articles of Association: <\/i><\/strong><span style=\"font-weight: 400\">Articles of Association determine how a company will operate and undertake specific procedures. Typically, a company&#8217;s Articles of Association will contain details about shares and the transfer of shares, including pre-emptive rights and restrictions to share transfers. In such situations, waivers may need to be prepared to facilitate the share transfer. For more information, please check our blog post on Articles of Association <\/span><a href=\"https:\/\/belaws.com\/thailand\/articles-of-association-in-thailand\/\" 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-lgud56wy-ce9a9dbdb412c28474cc7692e29518ef'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b><i>Approval by Relevant Authorities:<\/i><\/b> <span style=\"font-weight: 400\">In certain<\/span><b><i> rare<\/i><\/b><span style=\"font-weight: 400\"> cases, transferring company shares in Thailand requires approval from the relevant authorities. Prior approval must be obtained before proceeding with the transfer. Please note this situation is rare. <\/span><span style=\"font-weight: 400\">One such example is for BOI companies; for example, if a share transfer affects the percentage of Thai ownership within the company, the relevant authorities must be informed. <\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lgud5d7y-52a9e0978b2e589be1a28d930cf686bb'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b><i>Payment of Applicable Taxes and Fees:<\/i><\/b> <span style=\"font-weight: 400\">Transferring shares in Thailand may necessitate the payment of certain taxes and fees, such as stamp duty and withholding tax.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lgud5p37-6affb61026bd799569f0bd3df8f5bb7f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b><i>Compliance with Anti-Money Laundering Regulations: <\/i><\/b><span style=\"font-weight: 400\">Thailand has stringent anti-money laundering laws, and both parties must comply with these regulations when transferring shares.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-n8btz-a276190853c681e3e1790372dfc76068\">\n#top .hr.hr-invisible.av-n8btz-a276190853c681e3e1790372dfc76068{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-n8btz-a276190853c681e3e1790372dfc76068 hr-invisible  avia-builder-el-41  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-qyaccg-e2e36f9d29862f92df6d1c2ba3cab48f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Registering the Share Transfer with the Ministry of Commerce<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lg69yjp1-2e8dea0cbc27ee52e1741ecbf2edb221'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">A Share Transfer Agreement (Instrument) can be prepared in English and signed (physically or electronically) by both parties.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">To register the change, one of the company&#8217;s Directors submits the share transfer to the Department of Business Development; this can be done online. Once this has been done, the company can obtain the updated list of shareholders and update the shareholder register accordingly.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lg69zjs2-99b8d3c4a07e6d1f04dcbf2fbd45b51f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">Upon the completion of the share transfer, Private Limited companies in Thailand are required to issue share certificates to the transferee. Each share certificate must be signed by one of the company directors and contain the company seal.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Understanding and adhering to these share transfer conditions<\/span> <span style=\"font-weight: 400\">ensures a smooth transaction.\u00a0<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1celubh-c887d1b4e206a2caba20cb3ff150dcc2\">\n#top .hr.hr-invisible.av-1celubh-c887d1b4e206a2caba20cb3ff150dcc2{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-1celubh-c887d1b4e206a2caba20cb3ff150dcc2 hr-invisible  avia-builder-el-45  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-umvkt9-45f0b7d2ed680083e2a9523814029e9a'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>What should be included in a Share Purchase Agreement?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lfwbwr11-8e8587eb923849f473aa68dc5be4a28b'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">Typically, a share purchase agreement in Thailand includes the following provisions:<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lgqackji-054630b01efc464f31913ccf86a479da'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><ol>\n<li><strong> Identifying the parties<\/strong><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400\">The agreement should identify the transferred shares&#8217; buyer and seller.<\/span><\/p>\n<ol start=\"2\">\n<li><strong> Description of the shares<\/strong><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400\">The agreement should describe the shares on transfer. It should also include the number of shares, the type, and any relevant rights attached to those shares.<\/span><\/p>\n<ol start=\"3\">\n<li><strong> Consideration<\/strong><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400\">The agreement should specify the purchase price or other considerations for the shares.<\/span><\/p>\n<ol start=\"4\">\n<li><strong> Payment terms<\/strong><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400\">The agreement should detail the timing and method of payment for the shares.<\/span><\/p>\n<ol start=\"5\">\n<li><strong> Representations and Warranties<\/strong><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400\">The agreement should include the buyer&#8217;s and seller&#8217;s representations and warranties. These can be regarding their ownership of the shares and other relevant matters.<\/span><\/p>\n<p>6.<strong> Conditions precedent\u00a0<\/strong><\/p>\n<p><span style=\"font-weight: 400\">The agreement should specify all necessary conditions before the transfer, such as regulatory approvals.<\/span><\/p>\n<ol start=\"7\">\n<li><strong> Indemnification<\/strong><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400\">The agreement should include provisions for indemnification in case of breach by either party.<\/span><\/p>\n<ol start=\"8\">\n<li><strong> Governing law and jurisdiction<\/strong><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400\">The agreement should specify the governing law and jurisdiction to address any disputes from the agreement.<\/span><\/p>\n<ol start=\"9\">\n<li><strong> Signatures<\/strong><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400\">Both parties and any relevant witnesses or representatives should sign the agreement.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2898kby-e3fcbd4ca451bf2bf336ca270ae87281\">\n#top .hr.hr-invisible.av-2898kby-e3fcbd4ca451bf2bf336ca270ae87281{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-2898kby-e3fcbd4ca451bf2bf336ca270ae87281 hr-invisible  avia-builder-el-49  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-rdnbv2-981b332494559868d187a7bd727010ef'  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-lgqafia3-076ba828395ee8cdc64dcffc392f9a5e'  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 starting share purchase agreements 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-52  el_after_av_textblock  el_before_av_textblock  bouton-cta' ><a href=\"https:\/\/wa.me\/+66636955945\" class=\"avia-button av-2rocsm-d154d145431b4a8a4eb7043c51e06292 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-vy38za-80a3e6dfeda877fd8fff71dd3e08f6f1'  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 want 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-lspj25-d36d79f33aa8e5369a2c12d2136a4fe9'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><em>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-55  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 post<\/h5><ul 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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-65  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-71  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-10235'><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-72  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-74  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-lgu3l34j-9fb6ff503d5efebfea2578df04c5f457  avia-builder-el-75  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-lgu3inyy-09906af4e1aed759dd24ccf9a4715368'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-1' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-1'>How to register import export 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>To register an import-export company in Thailand, you need to follow a few steps. Firstly, you need to obtain a Foreign Business License from the Department of Business Development (DBD) or the Board of Investment (BOI). Secondly, you need to register your company with the Ministry of Commerce. Finally, you need to obtain a Tax Identification Number (TIN) from the Revenue Department.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lgu3izz1-0db50a23e813445c91ed803e751bf368'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-2' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-2'>Which company is best for import and export?<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>It is not possible to name a specific company as the best for import and export as it depends on various factors such as the type of products you want to import\/export, the countries you want to trade with, and your specific requirements. However, there are several well-established companies in Thailand that have a good reputation in the import-export industry, such as the Thai Trade Center and the Thai Chamber of Commerce.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lgu3jbo6-67fe30dc24e24d7c11dd8ac099d7a4a6'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-3' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-3'>What is the main import and export of 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\" ><p>Thailand&#8217;s main exports are electrical appliances, computer components, vehicles, and parts, chemicals, and plastic products. On the other hand, Thailand&#8217;s main imports are crude oil, refined petroleum, electronic integrated circuits, and chemicals.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lgu3jmcn-19981d0cbaa27624533cd70f837c9384'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-4' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-4'>What is the top export industry 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>The top export industries in Thailand are the automotive industry, the electronic industry, and the food industry. These industries account for a significant portion of Thailand&#8217;s total export revenue.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lgu3jy64-9f1754b98f1756999ea824d05d2877a3'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-5' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-5'>How to register a company in Thailand as a foreigner?<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>Foreigners can register a company in Thailand by following a few steps. Firstly, they need to obtain a Foreign Business License from the Department of Business Development or the Board of Investment. Secondly, they need to register their company with the Ministry of Commerce. Finally, they need to obtain a Tax Identification Number from the Revenue Department.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lgu3ke4g-79a4d50a9ac04d63c829a1997c33257c'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-6' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-6'>How do I get a Thai export permit?<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>To obtain a Thai export permit, you need to submit an application to the Department of Foreign Trade. The application should include information about the products you want to export, the destination country, and the quantity. Once your application is approved, you will receive an export permit.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lgu3kna5-100d2e6022697f2bcfce865c01fcb327'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-7' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-7'>How to start import export business?<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>To start an import-export business, you need to follow a few steps. Firstly, you need to research the market and identify the products that have a high demand in the target market. Secondly, you need to obtain the necessary licenses and permits. Thirdly, you need to establish relationships with suppliers and buyers. Finally, you need to set up logistics and shipping arrangements.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lgu3l240-c594032d2644d35496a7bb4f00c20d48'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-8' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-8'>How to get a Thailand import export license?<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>To get a Thailand import-export license, you need to obtain a Foreign Business License from the Department of Business Development or the Board of Investment. Once you have obtained the Foreign Business License, you can register your company with the Ministry of Commerce and obtain a Tax Identification Number from the Revenue Department.<\/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-10235'><div class='entry-content-wrapper clearfix'><\/p>\n<div class='flex_column av-qqtyiz-0d401a2ec3b1be9fe8b6b4ff052340e0 av_one_full  avia-builder-el-76  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-2fkee3-4d8b01cce828896d386d5f27235f1b57 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\/boi-thailand-approves-new-investment-schemes\/\" id=\"av-masonry-1-item-7528\" data-av-masonry-item=\"7528\" class=\"av-masonry-entry isotope-item post-7528 post type-post status-publish format-standard has-post-thumbnail hentry category-blockchain tag-boi tag-boi-thailand  av-masonry-item-with-image\" title=\"boi visa &#038; work permit thailand BOI approves new investment schemes 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-7531 avia-img-lazy-loading-not-7531\"  src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-705x570.png\" title=\"boi visa &#038; work permit thailand BOI approves new investment schemes in Thailand\" alt=\"boi visa &amp; work permit thailand BOI approves new investment schemes in Thailand\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-705x570.png 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment.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\" >BOI approves new investment schemes in Thailand<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >21\/06\/2022<br \/>\r\nBOI Thailand approves new investment schemes and incentives worth 209.5 billion baht (US 6.2 billion).<\/div><span class='av-masonry-date meta-color updated'>June 21, 2022<\/span><span class=\"av-masonry-text-sep text-sep-author\">\/<\/span><span class='av-masonry-author meta-color author'><span class='fn'>by jonathan<\/span><\/span><\/div><\/div><\/figcaption><\/figure><\/a><!--end av-masonry entry--><a href=\"https:\/\/belaws.com\/thailand\/smart-city-promotion-incentives\/\" id=\"av-masonry-1-item-8877\" data-av-masonry-item=\"8877\" class=\"av-masonry-entry isotope-item post-8877 post type-post status-publish format-standard has-post-thumbnail hentry category-news category-legal tag-boi tag-boi-thailand  av-masonry-item-with-image\" title=\"BOI to offer Smart City Promotion Incentives 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-8878 avia-img-lazy-loading-not-8878\"  src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/10\/BOI-to-offer-Smart-City-Promotion-Incentives-in-Thailand-705x570.png\" title=\"BOI to offer Smart City Promotion Incentives in Thailand\" alt=\"BOI to offer Smart City promotion incentives in Thailand\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/10\/BOI-to-offer-Smart-City-Promotion-Incentives-in-Thailand-705x570.png 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/10\/BOI-to-offer-Smart-City-Promotion-Incentives-in-Thailand-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/10\/BOI-to-offer-Smart-City-Promotion-Incentives-in-Thailand-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/10\/BOI-to-offer-Smart-City-Promotion-Incentives-in-Thailand-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/10\/BOI-to-offer-Smart-City-Promotion-Incentives-in-Thailand-15x12.png 15w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/10\/BOI-to-offer-Smart-City-Promotion-Incentives-in-Thailand-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/10\/BOI-to-offer-Smart-City-Promotion-Incentives-in-Thailand-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/10\/BOI-to-offer-Smart-City-Promotion-Incentives-in-Thailand.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\" >BOI to offer Smart City promotion incentives in Thailand<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >20\/10\/2022<br \/>\r\n In this article we will take a look at the incentives available for foreign companies who operate within a Smart City.<\/div><span class='av-masonry-date meta-color updated'>October 20, 2022<\/span><span class=\"av-masonry-text-sep text-sep-author\">\/<\/span><span class='av-masonry-author meta-color author'><span class='fn'>by jonathan<\/span><\/span><\/div><\/div><\/figcaption><\/figure><\/a><!--end av-masonry entry--><a href=\"https:\/\/belaws.com\/thailand\/5-year-investment-promotion-strategy\/\" id=\"av-masonry-1-item-9063\" data-av-masonry-item=\"9063\" class=\"av-masonry-entry isotope-item post-9063 post type-post status-publish format-standard has-post-thumbnail hentry category-news category-accounting category-legal tag-boi tag-boi-thailand  av-masonry-item-with-image\" title=\"Thailand to adopt a new 5 year investment promotion strategy\" 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-9064 avia-img-lazy-loading-not-9064\"  src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Thailand-to-adopt-a-new-5-year-investment-promotion-strategy-705x570.png\" title=\"Thailand to adopt a new 5 year investment promotion strategy\" alt=\"Thailand to adopt a new 5 year investment promotion strategy\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Thailand-to-adopt-a-new-5-year-investment-promotion-strategy-705x570.png 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Thailand-to-adopt-a-new-5-year-investment-promotion-strategy-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Thailand-to-adopt-a-new-5-year-investment-promotion-strategy-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Thailand-to-adopt-a-new-5-year-investment-promotion-strategy-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Thailand-to-adopt-a-new-5-year-investment-promotion-strategy-15x12.png 15w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Thailand-to-adopt-a-new-5-year-investment-promotion-strategy-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Thailand-to-adopt-a-new-5-year-investment-promotion-strategy-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Thailand-to-adopt-a-new-5-year-investment-promotion-strategy.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\" >Thailand to adopt a new 5 year investment promotion strategy<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >04\/11\/2022<br \/>\r\nThailand\u2019s Board of Investment (BOI) has approved a new 5 year investment promotion strategy.<\/div><span class='av-masonry-date meta-color updated'>November 4, 2022<\/span><span class=\"av-masonry-text-sep text-sep-author\">\/<\/span><span class='av-masonry-author meta-color author'><span class='fn'>by 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-79  el_after_av_masonry_entries  el_before_av_hr  avia-builder-el-first 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