For setting up the company, the Thai shareholder must provide bank certificate on his account. I’m just wondering, how long the money needs to stay in his bank account, and if he needs to transfer it later to the company or not? And what happens to the money afterwards?
Panwa: Please note that the Thai shareholder can keep the money on the same account as that is his personal funds, not actually related to company. However, if the Thai shareholder would like to invest such amount on the company, he can also do so, which it depends on the Thai shareholder’s decision, but the funds does not necessarily need to go to the company’s bank account. Kindly be clarified that in Thailand, when you set-up the company, the government will require the Thai shareholder to show that he has the financial capability to be a shareholder of the company, so the government will request for such bank certificate.
Related topic:
- Setting up a company in Thailand – Click here
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