• Navi

  • How to change the director of a company in Thailand?
  • What is a director of a company in Thailand?
  • Why change the director of a company in Thailand?
  • Steps to follow to make a change of director of a company in Thailand
  • Step 1: Determine the type of change
  • Step 2: Determine the type of company
  • Step 3: Determine the necessary documents
  • Step 4: Submit documents to National Bank of Thailand
  • Step 5: Submit the documents to the competent authority
  • Step 6: Finalize the process
  • Conclusion

How to change the director of a company in Thailand?

Thailand is a country that offers many opportunities for companies wishing to set up there. However, the process of changing a company director in Thailand can be complicated and it is important to understand the procedures and applicable laws before making a change. In this article, we are going to look at the steps to follow to effect a change of director of a company in Thailand.

What is a director of a company in Thailand?

A director of a company in Thailand is a person who is responsible for the management and direction of the company. He is responsible for making strategic decisions and implementing the company's plans and objectives. A director of a company in Thailand must also ensure that the company complies with applicable laws and regulations.

Why change the director of a company in Thailand?

There can be several reasons why a company may decide to change its director. For example, if the current director does not perform his duties properly or does not respect the laws and regulations in force, it may be necessary to replace him. Other reasons may include the departure of the current director for another company, the death of the director or retirement.

Steps to follow to make a change of director of a company in Thailand

Step 1: Determine the type of change

Before proceeding with a change of director, it is important to determine the type of change that needs to be made. There are two types of possible changes: the change of principal director and the change of deputy director.

• Change of principal director: A change of senior manager is required when the current manager resigns or is terminated. In this case, a new director must be appointed to take his place.
• Change of Deputy Director: A change of acting director is necessary when the current director is absent for an extended period. In this case, a new substitute director must be appointed to take his place.

Step 2: Determine the type of company

It is also important to determine the type of company for which a change of director must be made. In Thailand, there are three types of companies: Limited Liability Companies (SRLs), Joint Stock Companies (SPAs) and Unlimited Liability Companies (SRIs). Each type of company has different procedures and laws that govern the change of director.

Step 3: Determine the necessary documents

Once the type of change and the type of company have been determined, it is important to determine the documents needed to make the change. Necessary documents may include a letter of resignation from the current director, a letter of acceptance from the new director, a copy of the company's articles of association, and a copy of tax documents.

Step 4: Submit documents to National Bank of Thailand

Once all the necessary documents have been collected, they must be submitted to the National Bank of Thailand (BOT). The BOT will review the documents and decide whether the change can be approved or not. If the change is approved, the BOT will issue a certificate of approval which must be presented to the competent authority to finalize the change.

Step 5: Submit the documents to the competent authority

Once the certificate of approval has been obtained, the documents must be submitted to the competent authority to finalize the change. The competent authority may be the Ministry of Foreign Affairs, the Ministry of Trade or the Ministry of Finance. Once the competent authority has approved the change, they will issue a registration certificate which must be presented to the BOT to finalize the process.

Step 6: Finalize the process

Once all the necessary documents have been submitted to the BOT and the competent authority, the change of director process can be finalized. The BOT will then issue a certificate of registration which must be presented to the competent authority to finalize the change. Once the certificate of registration has been obtained, the new director can take office.

Conclusion

The process of changing a director of a company in Thailand can be complicated and it is important to understand the procedures and applicable laws before making a change. It is important to determine the type of change and the type of company for which a change is to be made and to gather all the necessary documents. The documents must then be submitted to the National Bank of Thailand and the relevant authority to finalize the process. Once all the steps have been followed, the new director can take office.