Ltd Co. Closure.

[KhaoYai]

I seem to remember reading that once a Thai Ltd Company is set up, its difficult to close.  Is that true? If so, what's the difficulty if the company has no debts?

[OneMoreFarang]

3 hours ago, KhaoYai said:

what's the difficulty if the company has no debts?

I think that is the difficulty, to establish that the company has no debts.

It seems there is a long time period to wait for other companies to declare that they want money from your company. Like an invoice coming a couple of months after some delivery.

As far as I know that is at least one concern. 

[yeahbutif]

As someone said have to wait till tax return done .but then its cost as much to close the company as when opened.... Plus taxe due..

[KhaoYai]

Someone told me that if you sell off the assets and just stop sending in tax returns - the authorities close the company eventually. Not sure if that could lead to prosecution though.