Corporate & Commercial
COMPANY DISSOLUTION & LIQUIDATION
COMPANY DISSOLUTION AND LIQUIDATION
The company dissolution and liquidation decision is usually taken by the shareholders when the company has served its purpose or is no longer profitable, the shareholders want to fund a new business venture, or there are some irreconcilable disagreements between partners.
The closing of company can be a very involved procedure and needs to be done legitimately and efficiently. Consulting with a legal firm in Thailand is highly advisable because failure to comply with law regulations can generate ongoing fines and criminal liability for directors.
At Antares, our experienced lawyers and accountants are able to provide a full range of legal services concerning company dissolution and liquidation, including:
Preparation of shareholder’s meetings and drafting minutes of for each meeting
Registration of Special Resolution to dissolve the company with Department of Business Development (DBD) and publish the announcement of company dissolution in the local newspaper
Send notification letters of company dissolution to all company’s creditors
Preparing the financial statements
Assistance on the closure of all company’s bank accounts
Registration of the company dissolution and liquidation at all relevant institutions
Application for VAT deregistration
Notify the Social Security Fund Office to close the company’s Employer Account
English translation of the company’s Certificate of dissolution
The process of closing a company in Thailand can be completed within 3-4 months, depending on the shareholders and government authorities’ availability, complexity of financial records, and tax investigations made by the Revenue Department.
It’s important that the company to be dissolved properly in order to avoid or minimize possible tax implications or personal liability of its shareholders or directors.
Our experienced legal professionals and tax specialists can assist you with your company dissolution and liquidation procedures in a cost-effective and timely manner. Please feel free to contact us for additional information or assistance you may require about company dissolution and liquidation.
Company Dissolution & Liquidation