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Voluntarily Winding Down Of Company

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hi

What're the issues involved if a company in Bangkok is gonna wind down voluntarily?

To do it correctly involves a lot of paper work and costs about B20K. It takes 3-6 months with special directors meetings and shareholder meetings and adverts in the papers to ask any debtors to come forward.

Alternatively if you do not file any returns, or zero baht returns (Not sure which) for a year or so the kind folk in the "establishment" will do it for nothing as it is an inactive company. There may be risks in this path.

Check with Sunbelt or another accounting firm to get the correct information.

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