jimflan Posted November 12, 2021 Share Posted November 12, 2021 Considering buying a biz in Thailand. Can anyone please outline the steps and typical timelines in the process taking it from having an offer accepted through to completion and takeover (assume target is a limited company with mix of Thai and foreign directors and shareholders). Have owned companies elsewhere but this will be my first time here (but I already understand the laws on land/company/share ownership, so no need to cover that). Appreciate any help .... Thanks Link to comment Share on other sites More sharing options...
delgarcon Posted November 12, 2021 Share Posted November 12, 2021 First step find a decent lawyer, Second step ask the lawyer how long it will take to complete. Link to comment Share on other sites More sharing options...
MH70 Posted November 13, 2021 Share Posted November 13, 2021 Hi, i got one empty co.ltd available where you can change the shareholdership immediately to 49% foreign. Nothing done in it for 2 years now but always filed tax 0 ev month so all free from liabilities. Asking 15.000 baht for it for 2 million capital. Link to comment Share on other sites More sharing options...
khunPer Posted November 13, 2021 Share Posted November 13, 2021 On 11/12/2021 at 8:49 AM, jimflan said: Can anyone please outline the steps and typical timelines in the process taking it from having an offer accepted through to completion and takeover (assume target is a limited company with mix of Thai and foreign directors and shareholders). If your are talking about taking over an existing Thai company limited normally takes a few days and less than a week for needed registration, i.e. change of names of directors and shareholders, if paperwork and meeting report(s) are in order by accountant and/or lawyer. Registration of a new company limited takes about a week, provided all homework has been done. Link to comment Share on other sites More sharing options...
Chad3000 Posted November 13, 2021 Share Posted November 13, 2021 First post take heed. I knew it before I even clicked on the thread. Link to comment Share on other sites More sharing options...
timendres Posted November 13, 2021 Share Posted November 13, 2021 On 11/12/2021 at 3:38 PM, delgarcon said: First step find a decent lawyer, Second step ask the lawyer how long it will take to complete. The above advice cannot be repeatable enough times. Get a lawyer! Also, make sure that lawyer involves a competent account, as the traps in an existing company's books can be numerous and nasty! Link to comment Share on other sites More sharing options...
SomchaiCNX Posted November 13, 2021 Share Posted November 13, 2021 On 11/12/2021 at 3:38 PM, delgarcon said: First step find a decent lawyer, Second step ask the lawyer how long it will take to complete. And where you are going to find that good lawyer ???? Link to comment Share on other sites More sharing options...
delgarcon Posted November 16, 2021 Share Posted November 16, 2021 On 11/13/2021 at 7:56 PM, SomchaiCNX said: And where you are going to find that good lawyer ???? That's the million dollar question. Link to comment Share on other sites More sharing options...
johnnybangkok Posted November 16, 2021 Share Posted November 16, 2021 On 11/13/2021 at 7:56 PM, SomchaiCNX said: And where you are going to find that good lawyer ???? Been using this one for years and she's excellent Nattaphorn Albrecht - [email protected] Not the cheapest but certainly not the most expensive either. Link to comment Share on other sites More sharing options...
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