The company dissolution and liquidation decision is usually taken by the shareholders when the company has served its purpose or is no longer profitable, the shareholders want to fund a new business venture, or there are some irreconcilable disagreements between partners.

The closing of company can be a very involved procedure and needs to be done legitimately and efficiently. Consulting with a legal firm in Thailand is highly advisable because failure to comply with law regulations can generate ongoing fines and criminal liability for directors.

The process of closing a company in Thailand can be completed within 3-4 months, depending on the shareholders and government authorities’ availability, complexity of financial records, and tax investigations made by the Revenue Department. It’s important that the company to be dissolved properly in order to avoid or minimize possible tax implications or personal liability of its shareholders or directors.

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Our experienced legal professionals and tax specialists can assist you with your company dissolution and liquidation procedures in a cost-effective and timely manner. Please feel free to contact us for additional information or assistance you may require about company dissolution and liquidation.