Day: October 6, 2022

This article shall briefly set out the various pro and con points relating to setting up a new branch office in Thailand from various perspectives including ongoing legal compliance, tax and visa/ work permit considerations. Registration & Management Considerations Pro Con A branch office is relatively easy to re-register at the Department of Business Development (DBD) as fewer documents are required when compared to the registration of a company limited. It will however need to lodge copies of the parent company’s certificate of incorporation, memorandum and articles of association (or other equivalent documents) and a power of attorney for the branch office manager. It is worth noting that the DBD may request other documentation as part of the registration process. Permitted business objectives of a branch office cannot exceed those of the overseas parent company (as stated in the parent […]

This article shall briefly set out the various pro and con points relating to setting up a new company limited in Thailand from various perspectives including Foreign Business Act, management and visa/ work permit considerations. Registration & Management Considerations Pro Con A new company limited is a separate legal entity from a parent company or other companies in a corporate group, hence it can better limit liability when compared to a branch office or representative office.   Shareholder liability is limited to the unpaid portion of their respective shares (if any). Closing a company limited is usually more time consuming and complicated when compared to closing a branch or representative office given that a company requires dissolution and liquidation. If the company holds licenses/ permits they shall also need to be cancelled as part of the process. Share capital requirements […]