enjoy limited liability, i.e. limited to the remaining
unpaid amount, if any, of the par values of their shares.
The liability of the directors, however, may be unlimited
if so provided in the company's Memorandum of Association
or the Articles of Incorporation. The limited company
is managed by a Board of Directors according to the
company's charter and by-laws.
shares must be subscribed to, and at least 25 percent
of the subscribed shares must be paid up. Both common
and preferred shares of stock may be issued, but all
shares must have voting rights. Thai law prohibits the
issuance of shares with no par value. It also stipulates
that only shares with a par value of 5 Baht or above
may be issued. Treasury shares are prohibited.
minimum of seven shareholders is required at all times.
Aliens may wholly own a private limited company. However,
in those activities reserved for Thai nationals, the
aliens' participation is generally allowed only up to
a maximum of 49 percent.
registration fee for a private limited company is 5,500
Baht per 1,000,000 Baht of registered capital.
limited Private Company
for the registration of a limited private company