A couple of weeks ago, your firm assisted me to open a Thai company and when I proceed to open corporate bank account, they requested me to provide the AOA. What is that document? Why I cannot find it in my company’s files?
Panwa: Please note that AOA refers to the article of association document, which this document states the classification of shares of company to be preferred shares and common shares. The foreigner side will hold the common shares and Thai will hold preferred shares and the voting rights are as follow:
- Common shares: 1 share per 1 vote
- Preferred shares: 10 shares per 1 vote
However, not all companies register for the article of association (AOA), which if you would like to check if your company register such document, you can check the second page of BOJ.3 document; it will specify on that page if the company registered or did not register for AOA. If not, you can inform this matter to the bank officer directly.
Related topics:
- Company registration with modification of article of association – Click here
- Prepare documents for open company’s bank account – 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