Decrease Company Capital

Background - Decrease Company Capital

A resolution from a shareholders meetings is required to decrease the registered capital of a Thai company.

14 days notice is required to hold the shareholders meeting. 

A notice must also be sent out to all the creditors of the Thai company giving them 30 days time to object to the decrease of capital.  

If none of the creditors object after 30 days, then an application must be submitted to the DBD (Department of Business Development) within 14 days after the resolution.  

The DBD will then issue an updated company affidavit evidencing the decrease of the capital.  

NNP Group - Scope of Service

Our decrease company capital service includes the following:

• Prepare notices for shareholders meeting.
• Mail out notices to shareholders and place ad in newspaper.
• Mail out notices to creditors in case of a capital decrease.
• Organize supporting documents.
• Submit application to increase or decrease the capital to the DBD.
• Obtain updated company affidavit.
• Translate company affidavit from Thai to English.  
• Correspondence by email, telephone and in person meetings when necessary.