Change Capital

Sunbelt Asia is the ultimate choice of the entrepreneurs all around the Thailand for their smooth and profitable operations of business. During the operations of a business entity, there might emerge situations where they need to bring in certain modifications to their capitals. The process, in Thailand, is rather simple. However, you can leave it on us for tackling in the best manner.

Decrease in Capital

The time it takes for the process of capital decrease in Thailand is about 45 days. The following steps are required to be followed if a company wants to decrease its capital.

• On behalf of the company, an invitation letter should be published in a local Thai newspaper. The letter should be an invitation for the extraordinary shareholder’ meeting.
• The invitation letter must be signed by one of the directors of the company before it could be sent to the local newspaper.
• Every shareholder of the company must receive this letter.
• A director of the company must complete and sign the registration forms.
• The director(s) of the company are responsible for preparing and signing the minutes of the shareholder’s meeting mentioned above.
• The proposed changes should be informed to the Department of Business Development.
• Capital increase registration at the Department of Business Development.

The information and documents required for the hassle-free competition of this process are:

• A copy of Affidavit of the company.
• List of the company’s shareholders (A copy)
• Completely filled and signed registration forms for the purpose of decreasing capital.
• Two copies of the ID cards of the directors of the company.
• Complete details of the decrease of the capital.
• The value of shares after the capital decrease.

Extraordinary shareholder’s meeting invitation letters must be notified to them 2 weeks prior the meeting. All the other documents i.e. the registration forms, minutes of the meetings etc. can be prepared during this tenure. The proposed change should also be informed to the creditors and it should also be published in the newspaper. After the meeting has taken place, the process should be registered in no more than 2 weeks; however, the creditors must be informed at least 30 days prior to filing for registration.

Capital Increase

The time it takes for the process of capital increase in Thailand is about 30 days. The following steps are required to be followed if a company wants to increase its capital.

• On behalf of the company, an invitation letter should be published in a local Thai newspaper. The letter should be an invitation for the extraordinary shareholder’ meeting.
• The invitation letter must be signed by one of the directors of the company before it could be sent to the local newspaper.
• Every shareholder of the company must receive this letter.
• A director of the company must complete and sign the registration forms.
• The director(s) of the company are responsible for preparing and signing the minutes of the shareholder’s meeting mentioned above.
• Capital increase registration at the Department of Business Development.

The information and documents required for the hassle-free competition of this process are:

• A copy of Affidavit of the company.
• List of the company’s shareholders (A copy)
• Completely filled and signed registration forms for the purpose of increased capital.
• One copy of the ID cards of the directors of the company or passport in case of a foreign company.
• Complete details of the increase of the capital.
• The value of shares after the capital increase.

Extraordinary shareholder’s meeting invitation letters must be notified to them 2 weeks prior the meeting. All the other documents i.e. the registration forms, minutes of the meetings etc. can be prepared during this tenure. The proposed change should also be informed to the creditors and it should also be published in the newspaper. After the meeting has taken place, the process should be registered in no more than 2 weeks.