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Closing A Company


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Hello,

I run a small tourism company here in Thailand for nearly 3 years now.

The political crisis has now really taken its toll and we are facing very difficult times. No need to say that I am sad and disappointed as the company was really doing well before this all started last October. Our overseas customers have either cancelled or are delaying their decisions of coming to Thailand.

The company is set-up in a fully legal way with the usual shareholder structure and the required 2 million THB capital. All registered and licensed.

Now my question would be the following: What are the steps neccessary to close or shut down a company? how long will it take, who needs to be involved?

And of course, how much will it cost?

Thanks much for your inputs, any ideas would be highly appreciated.

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  • 2 weeks later...

I have just closed a registered company.

Sorry to hear that bad news mate.

I used one of the ladies who works in the tax department at City Hall in Chiang Mai. My wife got to know her whilst paying tax for the business.

She did it for 20,000 Baht (remember a notice of closure has to go in the local paper,) this was included in the price.

I think you can always find a "freelancer" at your local tax office , just ask.

6 years ago I closed another company in BK.....I used a law firm that time, 55,000 baht, and that was 6 years ago.

So my advice is to ask around at your local tax office

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