principal forms of business organization under Thai law
are sole proprietorships, partnerships, limited companies
and public limited companies. In addition, branches of
foreign corporations are recognized, and may be required
to be registered to do business in many economic sectors.
"Representative" or "liaison" offices
of foreign companies are not recognized as distinct legal
entities, and may be treated as branch offices for tax
and other purposes.
companies provide for, among other things, a flexible
joint venture structure, and are generally, the form of
business organization preferred by many foreigners doing
business in Thailand.
Seven people must be present to sign and witness a duplicate
copy of a memorandum of association to form a limited
company, and the following details must be provided:
information such as names, addresses, and occupations
of the promoters and the number of shares which
they control. It should be noted that at least one
share must be promoted by each promoter.
that the shareholders' liability is subject to limitations.
number of shares and average value thereof . This
is to represent the capital structure of the company.
name (the word "limited" must be included
in the title) and registered location of the company.
The company name must be translated into the Thai
language, but transliterations into other characters
may be registered also.