Change of Shareholders’ list
If the company would like to change or replace shareholders, Panwa can serve you for this matter.
Service Fee:
Our service fee for change of shareholder is Baht 5,000.
Timeline:
The processing time is 1 day
The provision cost for change of shareholder as below:
| Provision Costs | Baht |
| Change of shareholders’ list of company | 5,000 |
| Government fee | 50 |
Required documents
- Copy of passport of all shareholders (current and new)
- Company’s affidavit
- DBD E-Filing (Username & Password)
- New structure of shares
- Share transfer document from the current shareholder to new shareholder
Things must know for change of shareholder
- Currently the law has been changed and allows the company to have minimum 2 shareholders
- In case the company has foreign shareholder(s), kindly note that the foreigner can hold maximum 49% of shares and Thai must hold 51%.
Questions and Answers
Q1 – I registered a Thai company with 3 shareholders since 2020 and currently, I see that the new law which requires minimum of 2 shareholders in the company. Thus, is it possible for me to remove 1 shareholder from the company and have only 2 shareholders? Or do I have to maintain 3 shareholders as the same?Panwa: Yes, it is possible to remove 1 shareholder out from the company and maintain only 2 shareholders as per the new law. Moreover, please also note that if the company has a foreign shareholder, the shareholder structure will be the same as before, which a foreigner can hold maximum 49% of shares and Thai must hold the shares at least 51%. |
Q2 – I will create a Thai company and I will also be a director of this company. I know that 51% of shares will belong to the Thai shareholder and foreigner side (me) will own 49%, do I have the right to subsequently replace the Thai shareholder by myself later? if yes, I will let my friend in Australia to replace the Thai shareholder.Panwa: Yes, the Thai shareholder can be replaced with another one from your side, but it must be a Thai person too, cannot be replaced by a foreigner. According to the Thai law, if the company has a foreign shareholder, they can hold maximum at 49% of shares and the rest will be held by Thai. |
Q3 – If I set up the company with all Thai nationals then after a few months, the Thai shareholder will transfer the shares to 2 foreigners, the new structure will be 1 Thai holds 51% and 2 foreigners hold 49%. Thus, for the step of transferring the shares, do the Thai shareholders need to show the bank certificate to the government?Panwa: For the step of transferring the shares, there is no need for the Thai shareholders to show the bank certificate but they have to provide the signed share transfer documents to prove that he/she agreed to transfer his/ her shares to the new shareholders (foreigners). |
Q4 – I have Thai company set up last year, can I change the shareholders of my company from all individual to be all corporate shareholders? if yes, what are the documents I need to provide?Panwa: Yes, you can change all individual shareholders to corporate shareholders which you need to provide the company affidavit (certificate) of corporate shareholder stating the basic information of the company such as company’s name, company registration number and address for us to proceed. |
For more information, please feel free to contact us:
Phones: +66 2 933 9000
Whats'app: +66 81 919 6225 (Mr. Tana Sipa)
Email: bkk@panwa.co.th