Belaws Home ›› Thailand ›› Accounting & Secretary ›› Director change
Accounting & Secretary
Changing a company’s Directors in Thailand
As companies grow and evolve to fit their market, it is common for their leadership to change accordingly. If your company needs to change, add or remove a director, our team of experts are ready to help.
How to change a company director in Thailand?
Upon a Director leaving their position or the appointment of a new Director, the company must organise a Board of Directors or a Shareholders’ meeting. Which type of meeting depends on the circumstances of the company. If the Articles of Association do not specifically mention that the Board of Directors has the authority to make a resolution about the change of the director’s authority, then a special resolution must be passed. To pass a special resolution the company must hold an Extraordinary General Meeting (EGM) to consider the special resolution, then hold a Shareholders’ meeting to pass the resolution as required by law.
After the resolution has been passed, the application forms for changing director, a copy of the ID card/passport of both the old and new director (signed) must be filled at the Department of Business Development by the authorized ‘former’ director within 14 days of the change.
Pricing
FROM
THB 9,500 *
+ 7% VAT
20 Days
(Average time from the moment we receive
all the required information from you)
All changes in directors are handled by a corporate expert.Scope of work
- Assistance in the change of director procedures. This includes: all aspects of arranging and managing the shareholders meeting.
- Prepare and file documents. This includes collecting, collating and obtaining the signature for the required documents.
- Answering questions in relation to the process for changing a company’s director.
- Advising you on the future duties to ensure a smooth business operation.
Need more?
Additional services that you may need
What is the process for changing a company director?
Be prepared for obtaining your BOI Licence with our comprehensive and free registration checklist.
Be prepared for obtaining your BOI Licence with our comprehensive and free registration checklist.
Arranging the shareholders meeting
Our experts can assist you calling, managing and drafting the minutes for the shareholder meeting.
TIMELINE
9 - 10 business days
- 1-2 day to propose and confirm the date for calling a shareholders meeting.
- 1 day for making an announcement of the Shareholders’ meeting in a local Thai newspaper (7 days prior to the meeting).
- 7 day waiting period for the shareholders meeting to be held after publication in the newspaper.
Collecting the documents
Our team of experts will collect, collate and fill in all the required documents, ready for the required signature.
TIMELINE
1 or 2 days to collect documents from the parties and prepare the application.
Filling the application at Department of Business Development on behalf of the company
We will assist in the registration process for changing the company’s director with the Department of Business Development and liaise with the officer until receiving the approval.
TIMELINE
Approx. 6 days for filing the application x day for receiving the approval letter
- 1 day for the submission
- 5 working days for the approval (due to Covid)
Frequently asked questions
What documents are required for changing directors?
- Copy of both the new and old Director’s ID card or Passport.
- Copy of the company’s affidavit.
- Copy of the shareholders list.
What is the process for calling a shareholders meeting?
To comply with Thai laws, the company must send an Invitation Letter for Meeting to the Shareholders to notify them of the decision to Change theDirector. The letter must be sent to the shareholders by local post and advertised in the local newspaper. This must be done 7 days prior to the meeting date.
What is the difference between Shareholder & Director?
A Shareholder invests in the company and holds the shares, but doesn’t have any power or authorization to manage the company. Directors are appointmented to manage the company on their behalf. Directors can be either a shareholder or an independent party.
Explore other Services
Question Before You Begin? *
Question Before You Begin? *
Speak to our expert by scheduling afree call on how to set up a Retirement Visa in Thailand with Belaws.
(*) This Conversation is intended to provide basic answers to questions you may have. But it is not a Lawyer’s Consultation.
The last 3 posts of our blog
Belaws Thailand
What is the current scope of regulations relating to Blockchain in Thailand today?
Thailand was one of the very first countries to regulate blockchain, how does the legislation look today?
Buying real estate in Thailand with crypto-currencies
Is it possible to use your crypto to buy a property in Thailand? In theory, yes, but in practice it depends.
Why choose Belaws?
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed quis dui finibus, feugiat tellus suscipit, eleifend ante. Lorem ipsum dolor sit amet, consectetur adipiscing elit.