Legal Brief :
New Regulations for Registration of Thai Partnerships and Companies
Recently, the government office responsible for the registration of
partnerships and companies issued a new regulation: Order No. 102/2549 (2006)
Re: Determination of Documents to support the registration of partnerships
and limited companies.
The new regulation sets the criteria and procedures for registration of partnerships and limited
companies.
In cases where
i) the partners or shareholders, being foreigners and investing or holding shares of 40%
and more but not exceeding 50% of registered capital OR
ii) foreigners who invest or hold shares less than 40% of registered capital but are
authorized to act on behalf of the partnerships or limited companies
It is required that all the Thai partners or shareholders must submit evidence showing the
source of investment funds, together with the application for registration of the partnership or
limited companies; and the evidence must be consistent with the amount of funds invested in
the shares of the partners or shareholders.
The evidence includes but is not limited to the following:
1. Copy of bank passbook or bank statement for past six months
2. Document issued by the banks to certify the financial status of the partners
or shareholders
3. Other evidence showing the source of investment funds
The new regulation is effective and enforceable from August 15, 2006.
For further information, please contact Khun Supasak Chirasavinuprapand by phone
02-655-2112 or email supasak@rai.co.th
By Mr. Supasak Chirasavinuprapand
Royal Advocates International Limited
