Reduction of Government Fees for Corporate Registration in Thailand

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In order to promote and facilitate the Thailand’s ease of doing business as well as to improve Thailand’s ranking in the next evaluation of the World Bank, including to boost the country’s competitiveness and to increase the opportunity of Thailand to become an effective investment hub in Southeast Asia, the Ministry of Commerce has recently issued a regulation to adjust the governmental fee rates in line with the World Bank recommendations.

Starting with 21^st of April 2018, the registration fees for limited companies and partnerships are collected at flat rates, as opposed to the previous official fee rates which were calculated based on the registered capital or the numbers of changes.

The registration fee for a partnership business is 1,000 THB, reduced from 1,000-5,000 THB, and for a limited company is 5,000 THB, reduced from 5,000-25,000 THB.

A 500 THB registration fee is applying to:

Registration of the Memorandum of Association or amendment of Memorandum of Association to increase capital before incorporation
Registration of capital increase
Registration of change of per value in case of a partnership
Registration of capital reduction of a partnership
Registration of new directors
Registration of dissolution/ liquidation of a partnership or limited company

If the registration is made through the DBD’s electronic registration system (E-Registration), an additional reduction of 30% will apply. However, the reduction shall be effective until 31^st of December 2020 and is not applying to the registration of partnership and limited companies in special ad hoc development zones.

Furthermore, the fee for transferring data from the Department of Business Development computer network to an applicant’s computer will be reduced from 60 THB to 30 THB per applicant.

For the applications submitted prior to the date on which this Ministerial Regulation comes into force and which are still under consideration, the registration fees must be paid accordingly to the new flat rates.

Have a question on corporate matters in Thailand?

If you have any questions regarding corporate matters in Thailand, you can request a quote with lawyers from the Antares Group or get a Quick Consult with other lawyers. With Quick Consult, for a transparent, flat fee, a lawyer will call you on the phone to give you legal advice.

This article is written by lawyers from the Antares Group and edited by Rishika Pundrik of Asia Law Network.

This legal update was originally published on the Antares website.

This article does not constitute legal advice or a legal opinion on any matter discussed and, accordingly, it should not be relied upon. It should not be regarded as a comprehensive statement of the law and practice in this area. If you require any advice or information, please speak to practicing lawyer in your jurisdiction. No individual who is a member, partner, shareholder or consultant of, in or to any constituent part of Interstellar Group Pte. Ltd. accepts or assumes responsibility, or has any liability, to any person in respect of this article.

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Antares Group

Antares is a full-service independent law firm that was founded in 2002 and has grown rapidly since inception. Our lawyers and consultants have extensive experience, a wealth of knowledge and understanding of the legislation and local practice. We work together, closely interlinked to offer accurate, reliable, and pragmatic legal advice and assistance across a wide spectrum of practice areas to both Thai and foreign entrepreneurs and corporations. From routine corporate registrations to more delicate matters, our main responsibility is to help our clients achieve their goals as efficiently, skillfully and effectively as possible at every stage of the process, from concept to implementation, enabling them to focus on their business operations. We help clients navigate the Thailand legal landscape where language and cultural differences can present a barrier, while making sure they understand all legal consequences, rights, and laws.