I have established a company a couple weeks ago and I have submitted the work permit application, unfortunately my application was rejected by the Labor Department due to my company’s capital of 1 million Baht with 25% partially paid-up did not meet the requirement of Labor Department which need to have 2 million Baht capital with fully paid. Like this, can I increase the capital of the existing company or do I need to set up a company with 2 million Baht capital?
Panwa: Please note that actually you can do both however, since you have a company already, it would be better if you increase the capital of the existing company to 2 Million Baht with fully paid up which it will take time around 16 days.
However, if you still would like to setting up the new company with 2 Million Baht capital (fully paid-up), you can also do it which we can provide services for both increase capital and setting up.
Related topic:
- Setting up the company – Click here
- Increase capital of the company – Click here
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