SIAC Consulting Co. Ltd

Articles of Association

Purpose:
Defines a Thai company’s internal rules regarding structure, management, meetings, and profit distribution.

Core Requirements

Company Governance
- Must comply with the Thai Civil and Commercial Code.
- Any changes require shareholder approval.
Shares & Shareholders
- Shares must be fully paid and registered in the shareholder’s name.
- Transfers require written agreements, signed by both parties, witnessed, and registered by the company.
- The company cannot hold or pledge its own shares.
Directors
- Number and compensation of directors determined by shareholders.
- Vacancies filled by board appointment until the next shareholder meeting.
- Quorum: 3 directors (if more than 3 total).
- The board manages the company’s operations.
Shareholders’ Meetings
- First meeting within 6 months of registration.
- Minimum one meeting per year.
- Quorum: shareholders representing 25% of total capital.
- Voting by proxy (in writing) is permitted.
Financial Statements
- An annual balance sheet and profit/loss statement must be prepared.
- Must be audited and approved by shareholders within 4 months of the fiscal year-end.
Dividends & Reserves
- Dividends are distributed according to paid-up shares.
- At least 5% of annual profit must be allocated to a reserve fund until it equals 10% of company capital.

Siac Consulting Experts

Specializes in Thai company formation for foreign entrepreneurs, with expertise in BOI registration, and ongoing corporate compliance.

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Articles of Association

Defines a Thai company’s internal rules regarding structure, management, meetings, and profit distribution.

Company Formation

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Business License

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Articles of Association

Purpose:
Defines a Thai company’s internal rules regarding structure, management, meetings, and profit distribution.

Core Requirements

Company Governance
- Must comply with the Thai Civil and Commercial Code.
- Any changes require shareholder approval.
Shares & Shareholders
- Shares must be fully paid and registered in the shareholder’s name.
- Transfers require written agreements, signed by both parties, witnessed, and registered by the company.
- The company cannot hold or pledge its own shares.
Directors
- Number and compensation of directors determined by shareholders.
- Vacancies filled by board appointment until the next shareholder meeting.
- Quorum: 3 directors (if more than 3 total).
- The board manages the company’s operations.
Shareholders’ Meetings
- First meeting within 6 months of registration.
- Minimum one meeting per year.
- Quorum: shareholders representing 25% of total capital.
- Voting by proxy (in writing) is permitted.
Financial Statements
- An annual balance sheet and profit/loss statement must be prepared.
- Must be audited and approved by shareholders within 4 months of the fiscal year-end.
Dividends & Reserves
- Dividends are distributed according to paid-up shares.
- At least 5% of annual profit must be allocated to a reserve fund until it equals 10% of company capital.

About Me

Siac Consulting Experts

Specializes in Thai company formation for foreign entrepreneurs, with expertise in BOI registration, and ongoing corporate compliance.

Stay up-to-date

Helpful Links

Articles of Association

Mental Health Matters: Traveling and Coping with Anxiety

Purpose:
Defines a Thai company’s internal rules regarding structure, management, meetings, and profit distribution.

Core Requirements

Company Governance
- Must comply with the Thai Civil and Commercial Code.
- Any changes require shareholder approval.
Shares & Shareholders
- Shares must be fully paid and registered in the shareholder’s name.
- Transfers require written agreements, signed by both parties, witnessed, and registered by the company.
- The company cannot hold or pledge its own shares.
Directors
- Number and compensation of directors determined by shareholders.
- Vacancies filled by board appointment until the next shareholder meeting.
- Quorum: 3 directors (if more than 3 total).
- The board manages the company’s operations.
Shareholders’ Meetings
- First meeting within 6 months of registration.
- Minimum one meeting per year.
- Quorum: shareholders representing 25% of total capital.
- Voting by proxy (in writing) is permitted.
Financial Statements
- An annual balance sheet and profit/loss statement must be prepared.
- Must be audited and approved by shareholders within 4 months of the fiscal year-end.
Dividends & Reserves
- Dividends are distributed according to paid-up shares.
- At least 5% of annual profit must be allocated to a reserve fund until it equals 10% of company capital.

Stay up-to-date