Jump to content

What Constitutes 2 Million Baht In Capitalization


Farfetched

Recommended Posts

What does Thailand consider proper capitalization for the start of a new business. surely they don't mean for you to hold 2 million Baht in the bank. For an export company with minimal inventory owned, what would meet the 2 million baht capital requirement for a limited partnership or a corporation?

Link to comment
Share on other sites

What does Thailand consider proper capitalization for the start of a new business. surely they don't mean for you to hold 2 million Baht in the bank. For an export company with minimal inventory owned, what would meet the 2 million baht capital requirement for a limited partnership or a corporation?

You need to show share capital of at least 2,000,000 on your balance sheet for each Farang employed in a limited company. That does not necessarily mean that the balance sheet shows that amount of cash at the bank. The balance sheet may very well show other assets such as current debtors, stock, etc and crucially, other debtors such as persons who have been loaned money by the company. If the company has made aloan in this way, it must be formalised and interest payable. This interes6t will of course be subject to corporation tax. I suggest you find a good accountant.......

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.




×
×
  • Create New...