Legal Section - Doing Business
You will find here a series of summaries providing an overview of useful legal regulations, processes and legal issues for Doing Business in Thailand.
How to Pay a Dividend?
A dividend can be declared and allocated to all shareholders proportionally from the amount paid of each share.
Opening a Company Bank Account?
After a limited company (“Company”) is established, the Board of Directors of the Company may pass a resolution to open the Company’s bank account and prepare the minutes of the meeting to support the application for opening the bank account with its desired bank.
Filing Financial Statements Late
A limited company has five months from the end of the fiscal year to file its financial statements with the Department of Business Development (“DBD”), Ministry of Commerce (“MOC”).
Work Permit for an Expatriate with a Thai Spouse
Normally, each work permit issued to a foreign national will require 2 million Baht of registered paid-up capital of the company.
New Practice for Business Visa Cancellation
Under previous rules, after cancelling a business visa at the Immigration Bureau, an expatriate must leave Thailand before midnight on the same date.