Financial recruitment in Thailand

Registered Thai private limited company:

To establish a private limited company in Thailand, there must be at least 3 shareholders, 1 director. Directors can be of any nationality or residence. However, the foreign shareholders of the company can only hold 49% of the shares of the company at most.

Private limited company establishment process

The establishment of a private limited company shall follow the following steps:

1. Company name reserved

The first step in the establishment is to book the company name in the Ministry of Commerce. After drafting the company name, entrust a lawyer to apply to the registration bureau of the Ministry of Commerce of the government for approval of the company name. (You can register in Thai, Chinese and English together) If you have the same name, you must change it until you find that you are not registered. The team will keep your company's name for 30 days. During this period, no one else can apply for the same name. If necessary, it can be postponed.

2. sponsors

The memorandum of association of a registered company requires at least three natural persons as sponsors, and two important documents must be registered with the Thai authorities-"Articles of Association" and "Memorandum of Association".

All companies in Hong Kong need to establish an organization outline and articles of association.

The company's organizational outline must contain the following information:

–Company name

–The province where the company was established.

–Business scope

–Registered capital (at least 3 shares with a par value of at least 5 baht each)

–Name, address, occupation and signature of the promoters, and the number of shares they will subscribe for.

-Statement on Limited Liability of Shareholders and Directors

The articles of association of the company need to pay a registration fee, which is subject to the total registered capital. Usually between 500 and 25,000 baht.

3.？ Subscribe for shares

Next, potential shareholders subscribe for their own shares, and each promoter must subscribe for at least one share (but after the company is established, as long as the company has at least three shareholders,

Can transfer its shares to the remaining shareholders or anyone else). Once all the shares have been subscribed, the promoters shall immediately convene a statutory meeting.

4.？ Statutory meeting

The statutory meeting shall approve the fees or remuneration of promoters, determine the types of shares (common shares and preferred shares), adopt the articles of association of the company and appoint directors (or auditors) of the company.

5.？ Equity payment

After the statutory meeting, the promoters hand over the enterprise to the directors, and the directors require future shareholders (including the promoters) to pay their respective shares. At least 25% of each share must be paid in cash.

6.？ The establishment of the company

Within three months after the statutory meeting, the directors shall register the establishment of the company with the Ministry of Commerce and confirm the existence of share capital (at least 25%). Once the registered capital exceeds 5,000,000 baht (note: about RMB 6,543,800,000), the directors must prove that the capital is in their private Yin Bank account.