Page 51 - Introduction to Investment Laws in Thailand

company in Thailand can be classified into a limited company and a
public limited company. A limited company is a company that raise funds
from shareholders but not from the public. However, the public limited
company is registered under the Securities and Exchange Act B. E.
2535(1992). The public limited company must satisfy various financial
regulations and obligations. By registration and obtaining a license from
the Securities and Exchange Commission, the public limited company can
raise funds from the public in Thai stock markets.

Businesses can contact the Department of Business Development,
Ministry of Commerce, to register the partnership or limited company.
The department has its branches throughout all provinces in Thailand.
Additionally, a business can apply online and later visit the department to
obtain business registration. Foreign business, in a common situation,
establish a form of business under a limited company. The Department of
Business Development, Ministry of Commerce ( DBD) provides the
process of registration of the limited company as follows;

1) Prepare company incorporation application
2) Promoters of the company, witnesses, and
director(s), by themselves, duly sign the company
incorporation application.
3) Submit the documents at the Department of
Business Development (DBD) or the Office of
Business Development (District 1-6), or the Office
of Commercial Affairs within three months from
the date of the company statutory meeting.

In addition to the forms of business explained above, a natural person
is able to register their business as a sole proprietorship. The natural
person has to register their business according to Business Registration
Act B.E. 2499 (1956). However, the registration of the sole proprietorship
does not establish a juristic person. By registration, the natural person
continues to operate his/her trade and commerce as the natural person. The

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