A very special friend opened a business in Thailand 2+ years ago but never actually engaged in business. She's headed back home soon and isn't sure when she will return. The business has two Thai shareholders, one of whom is currently out of the country. I think it's best if she closes the business before she leaves, but I'm not sure what is involved. If anyone has experience closing a business here in Thailand, I'd love to hear the steps you took to do it. (Her lawyer has suggested to just leave it open, since one of the Thai shareholders cannot be quickly reached to sign the required documents.)

The quickest the company will get closed will be in about 1 year. It will cost something like 30,000 to 50,000 to complete the task.

 

She needs to tell her accountant before the end of the year so they can finalise all the accounts and get the process started.

Thanks a lot.