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Corporate and Commercial

Establishing a company limited in Thailand requires registration with the Department of Business Development

Public Limited Company

Public Limited Company

A public limited company is one company type that is established with the aim to offer its share to the public.

Characteristics of public limited company

A public limited company is one company type that is established with the aim to offer its share to the public. Its shareholder is liable for a limited amount not exceeding the share capital and the company specifies such object in the memorandum of association. It may be concluded that the Public Limited Company Act B.E. 2535 prescribes the structure of a public company as follows:

  1. There shall be at least 15 shareholders in total.
  2. There is no minimum amount of registered capital.
  3. Each share has the same value and the payment shall be made in full in one time.
  4. There shall be at least 5 directors, whereas half of which shall have their domicile in Thailand.

The establishment of public limited company

Establishment of Public Limited Company

The establishment of public limited company shall be performed according to the following :

  1. Registering for company’s establishment : ordinary persons of 15 persons or above register the memorandum of association and prepare the prospectus for people to buy shares or when the persons who start up the company reserve to buy all the shares as specified in the memorandum of association, they shall call for the meeting for the company’s establishment. Afterwards, the persons who start up the company must submit all the affairs and documents to the directors elected in order to register the company’s establishment in the future.
  2. Transforming the private company to public limited company : The private company can be transformed to public limited company when the shareholders’ meeting have the extraordinary resolution according to the Civil and Commercial Code

Roles of MVP as a representative and consultancy in relation to the application of project

If you are interested in starting this business, MVP team who is experienced in this matter is ready to provide you with full service to act as a representative and consultant for the registration or transformation.

Government agency involved

Department of Business Development

For further information

http://www.dbd.go.th/dbdweb_en/ewt_news.php?nid=3965