SIAC Consulting Co. Ltd
Memorandum of Association
Memorandum of Association (MOA) in Thailand - Guide
The Memorandum of Association (MOA) is a crucial legal document needed for registering a company in Thailand. It outlines the company's name, structure, and objectives, serving as a foundational document created by the company's founders.
Key Points:
Definition:
The MOA is the formal statement of a company’s name, structure, and goals upon incorporation. It's required for all limited companies in Thailand and is used by investors and regulators to understand the company's purpose and ownership.
Difference from AOA:
MOA: Describes how the company is formed, including its name, capital, location, and objectives.
AOA: Outlines how the company operates, covering internal management rules and shareholder rights.
Required Documents for Filing:
Private Companies: Company name, registered office location, objectives, registered capital, details of founders and witnesses.
Public Companies: Similar to private, with additional details about share offerings and promoters.
Capital Requirements:
No fixed minimum for Thai-owned companies without foreign staff; varies for those with foreign employees (THB 2 million per foreign worker) and businesses under the Foreign Business Act (THB 3 million).
Registration Fees:
Private: THB 50 per THB 100,000 of capital (min THB 500, max THB 25,000).
Public: THB 1,000 per THB 1 million of capital (max THB 25,000).
Directors & Address:
List directors' names and addresses; no nationality restrictions.
Must have a valid registered address in Thailand (no P.O. Boxes).
Filing Process:
Pay THB 200 stamp duty, then submit the MOA and documents to the Department of Business Development (DBD). Approval allows further incorporation steps.
Importance of MOA:
Ensures compliance with Thai law, clarifies ownership, and simplifies future licensing and investments. Accurate filing is essential, especially for companies hiring foreign employees or in restricted sectors.
Conclusion:
The MOA is vital for establishing a company's legal identity in Thailand. Consulting a professional familiar with Thai corporate law can help avoid registration delays or errors.
Siac Consulting Experts
Specializes in Thai company formation for foreign entrepreneurs, with expertise in BOI registration, and ongoing corporate compliance.
Stay up-to-date
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Memorandum of Association
Memorandum of Association (MOA) in Thailand - Guide
The Memorandum of Association (MOA) is a crucial legal document needed for registering a company in Thailand. It outlines the company's name, structure, and objectives, serving as a foundational document created by the company's founders.
Key Points:
Definition:
The MOA is the formal statement of a company’s name, structure, and goals upon incorporation. It's required for all limited companies in Thailand and is used by investors and regulators to understand the company's purpose and ownership.
Difference from AOA:
MOA: Describes how the company is formed, including its name, capital, location, and objectives.
AOA: Outlines how the company operates, covering internal management rules and shareholder rights.
Required Documents for Filing:
Private Companies: Company name, registered office location, objectives, registered capital, details of founders and witnesses.
Public Companies: Similar to private, with additional details about share offerings and promoters.
Capital Requirements:
No fixed minimum for Thai-owned companies without foreign staff; varies for those with foreign employees (THB 2 million per foreign worker) and businesses under the Foreign Business Act (THB 3 million).
Registration Fees:
Private: THB 50 per THB 100,000 of capital (min THB 500, max THB 25,000).
Public: THB 1,000 per THB 1 million of capital (max THB 25,000).
Directors & Address:
List directors' names and addresses; no nationality restrictions.
Must have a valid registered address in Thailand (no P.O. Boxes).
Filing Process:
Pay THB 200 stamp duty, then submit the MOA and documents to the Department of Business Development (DBD). Approval allows further incorporation steps.
Importance of MOA:
Ensures compliance with Thai law, clarifies ownership, and simplifies future licensing and investments. Accurate filing is essential, especially for companies hiring foreign employees or in restricted sectors.
Conclusion:
The MOA is vital for establishing a company's legal identity in Thailand. Consulting a professional familiar with Thai corporate law can help avoid registration delays or errors.
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
Opening a Corporate Bank Account in Thailand
Opening a Corporate Bank Account in Thailand
Certified English–Thai Translation & Legalization in Thailand
Certified English–Thai Translation & Legalization in Thailand
Thailand Trademark Registration
Thailand Trademark Registration
VAT Registration in Thailand
VAT Registration in Thailand
SIAC Consulting Co. Ltd
Memorandum of Association
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Memorandum of Association (MOA) in Thailand - Guide
The Memorandum of Association (MOA) is a crucial legal document needed for registering a company in Thailand. It outlines the company's name, structure, and objectives, serving as a foundational document created by the company's founders.
Key Points:
Definition:
The MOA is the formal statement of a company’s name, structure, and goals upon incorporation. It's required for all limited companies in Thailand and is used by investors and regulators to understand the company's purpose and ownership.
Difference from AOA:
MOA: Describes how the company is formed, including its name, capital, location, and objectives.
AOA: Outlines how the company operates, covering internal management rules and shareholder rights.
Required Documents for Filing:
Private Companies: Company name, registered office location, objectives, registered capital, details of founders and witnesses.
Public Companies: Similar to private, with additional details about share offerings and promoters.
Capital Requirements:
No fixed minimum for Thai-owned companies without foreign staff; varies for those with foreign employees (THB 2 million per foreign worker) and businesses under the Foreign Business Act (THB 3 million).
Registration Fees:
Private: THB 50 per THB 100,000 of capital (min THB 500, max THB 25,000).
Public: THB 1,000 per THB 1 million of capital (max THB 25,000).
Directors & Address:
List directors' names and addresses; no nationality restrictions.
Must have a valid registered address in Thailand (no P.O. Boxes).
Filing Process:
Pay THB 200 stamp duty, then submit the MOA and documents to the Department of Business Development (DBD). Approval allows further incorporation steps.
Importance of MOA:
Ensures compliance with Thai law, clarifies ownership, and simplifies future licensing and investments. Accurate filing is essential, especially for companies hiring foreign employees or in restricted sectors.
Conclusion:
The MOA is vital for establishing a company's legal identity in Thailand. Consulting a professional familiar with Thai corporate law can help avoid registration delays or errors.
Stay up-to-date
Helpful Links
Opening a Corporate Bank Account in Thailand
Opening a Corporate Bank Account in Thailand
Certified English–Thai Translation & Legalization in Thailand
Certified English–Thai Translation & Legalization in Thailand
Thailand Trademark Registration
Thailand Trademark Registration
VAT Registration in Thailand
VAT Registration in Thailand
