The Thai Limited Company

The Thai Limited Company

Corporate
Of the types of company structures in Thailand, the Limited Company is among the most favorable for foreign business owners because of the limited liability on debts and losses of the owners of the company. The capital of the Limited Company is divided into shares and the liability of the shareholder is limited to the amount he infused. Under Section 1098 of the Civil and Commercial, the Memorandum of Association of the company must have the following characteristics: The unique name of the company must contain the word “Limited” and should be placed at the end of the name. The location of the company inside the Kingdom. The objects of the company. A declaration of the shareholder’s limited liability. The amount of share capital that the company proposes to register…
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