A resolution from a shareholders meetings is required to increase or decrease the registered capital of a Thai company.
14 days notice is required to hold the shareholders meeting.
For a capital increase, an application must be submitted to the Ministry of Commerce (MOC) within 14 days after the resolution. Capital increases above 5,000,000 Baht require the capital to be paid up in advance.
For a capital decrease, a notice must also be sent out to all the creditors of the Thai company giving them 30 days time to object to the decrease of capital. If none of the creditors object after 30 days, then an application must be submitted to the Ministry of Commerce (MOC) within 14 days after the resolution.
The MOC will then issue an updated company affidavit evidencing the increase or decrease of the capital.
Our Increase / Decrease Capital service includes the following: