Hi All,

Kindly advice what is the process of closing a DBD registered company (Bangkok Registered) ,
It is an Import Export Company and has no liabilities, need to file Balancesheet for current year,
What is the process and time duration also total cost for balancesheet filing and company closure cost ??

Also what if I just keep it Dormant will it be an issue ?
A quick revert will be appreciated !!

Regards,
 

Close it down; dont keep it dormant.

If you do you will be contacted in a couple of years with the request to appear at a police station, the company will get fined for not handing balance sheets on time, so will the director, and you will have to hand in balance sheets for every year (no matter if you had business). Oh, plus you need to close it down at that point or this will repeat itself.

 

Closing it down and handing in the missing balance can normally done within weeks and the costs depend on how much there is to process. 

 

The process: get one of your Thai associates to find a local accountant to do the balance sheet and the closing down. They do all, you just sign.