Reduction of Government Fees for Corporate Registration

||Reduction of Government Fees for Corporate Registration
Reduction of Government Fees

In order to promote and facilitate the Thailand’s ease of doing business as well as to improve Thailand’s ranking in the next evaluation of the World Bank, including to boost the country’s competitiveness and to increase the opportunity of Thailand to become an effective investment hub in Southeast Asia, the Ministry of Commerce has recently issued a regulation to reduce the government fees for corporate registration to be in line with the World Bank recommendations.

Starting with 21st of April 2018, the registration fees for limited companies and partnerships are collected at flat rates, as opposed to the previous official fee rates which were calculated based on the registered capital or the numbers of changes.

The government fees for registering a partnership business is 1,000 THB, reduced from 1,000-5,000 THB, and for a limited company is 5,000 THB, reduced from 5,000-25,000 THB.

A 500 THB registration fee is applying to:

  • Registration of the Memorandum of Association or amendment of Memorandum of Association to increase capital before incorporation
  • Registration of capital increase
  • Registration of change of per value in case of a partnership
  • Registration of capital reduction of a partnership
  • Registration of new directors
  • Registration of dissolution/ liquidation of a partnership or limited company

If the registration is made through the DBD’s electronic registration system (E-Registration), an additional reduction of 30% will applies to government fees. However, the reduction shall be effective until 31st of December 2020 and is not applying to the registration of partnership and limited companies in special ad hoc development zones.

Furthermore, the fee for transferring data from the Department of Business Development computer network to an applicant’s computer will be reduced from 60 THB to 30 THB per applicant.

For the applications submitted prior to the date on which this Ministerial Regulation comes into force and which are still under consideration, the registration government fees must be paid accordingly to the new flat rates.

Contacts

We hope that the information provided was helpful to you. If you have any further questions, please do not hesitate to contact us. We will make sure that your question will be brought to the right person’s attention and we will deliver a prompt response.

Disclaimers

The above information is for general information purpose only and cannot substitute a personal consultation with a qualified lawyer. Despite applying due care when selecting and producing the information published on this newsletter, we accept no liability in case such information is not accurate, up-to-date or complete.

Under no circumstances shall any company of the Antares Group or any of its directors, partners, lawyers or any other professionals be liable for any direct or indirect, incidental or consequential loss or damage that results from the use of or the reliance upon the information provided.

2019-02-07T11:19:17+00:00
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