What is a ltd company ?
Written by Interactive on November 25, 2011. Posted in Other Legal
LTD is an abbreviation for “Limited” and signifies that the company has a limited liability. In Thailand when people talk about limited companies they normally refer to either private limited companies (Co., Ltd) or public limited companies (public company limited; PCL), but there is also such a thing as a limited partnership. In this case, limited liability means that the shareholder in a Thai company can only ever lose what capital they invested.
Another benefit of the Thai Limited Company is that the rights and obligations of all parties are set down in writing, ensuring everyone has a clear understanding of their legal standing within a company, unlike some joint ventures where a number of duties and privileges can drift into a complex grey area. With a Thai limited Company, all legal entitlements and responsibilities are clearly stated and available for reference when required.
Thai Limited companies are the preferred route for setting up a business in Thailand, largely because they are so similar to co-operations in other developed nations. The process will therefore feel familiar to businesspeople, even if they have little or no experience of business in Thailand. All limited companies have directors, shareholders (both Thai and foreign in many cases), promoters, and limited liability.
Setting up a Thai limited company has never been easier. Before July 1, 2008, it would take approximately 6 weeks. Now the process can take as little as one day. What’s more, only 3 mandatory shareholders are required to incorporate and register a new Thai limited company (as opposed to 7 prior to 2008). These improvements come with an unprecedented government drive to encourage foreign business in Thailand. The door is now wide open for foreign investors, even more so following government policy changes which have streamlined the process of registering a new Thai company.
What is a ltd company ?
Written by Interactive on November 25, 2011. Posted in Other Legal
LTD is an abbreviation for “Limited” and signifies that the company has a limited liability. In Thailand when people talk about limited companies they normally refer to either private limited companies (Co., Ltd) or public limited companies (public company limited; PCL), but there is also such a thing as a limited partnership. In this case, limited liability means that the shareholder in a Thai company can only ever lose what capital they invested.
Another benefit of the Thai Limited Company is that the rights and obligations of all parties are set down in writing, ensuring everyone has a clear understanding of their legal standing within a company, unlike some joint ventures where a number of duties and privileges can drift into a complex grey area. With a Thai limited Company, all legal entitlements and responsibilities are clearly stated and available for reference when required.
Thai Limited companies are the preferred route for setting up a business in Thailand, largely because they are so similar to co-operations in other developed nations. The process will therefore feel familiar to businesspeople, even if they have little or no experience of business in Thailand. All limited companies have directors, shareholders (both Thai and foreign in many cases), promoters, and limited liability.
Setting up a Thai limited company has never been easier. Before July 1, 2008, it would take approximately 6 weeks. Now the process can take as little as one day. What’s more, only 3 mandatory shareholders are required to incorporate and register a new Thai limited company (as opposed to 7 prior to 2008). These improvements come with an unprecedented government drive to encourage foreign business in Thailand. The door is now wide open for foreign investors, even more so following government policy changes which have streamlined the process of registering a new Thai company.
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