Wonder if anybody has information on the following case which is probably a bit strange but a true case:

A public company ltd. was founded in Thailand about 10 years ago, with Thai and foreign shareholders. Normal required setup. One foreigner had a work permit. After about 2 years, the company stopped pretty much doing anything though and most involved people are not even in Thailand anymore but it was never officially closed.

So I am wondering now what happens with this kind of "zombie company". For years there have not been any documents coming out of this company, nothing has been filed for many years already. Is there any way to "revive" such a company, paying up whatever fees it would cost (how much could that be?) or anything like that? Would it be worth it or cheaper to start a new one? Any info on this is welcome.

It is much more expensive to revive an inactive company and given its been inactive for so long, the odds are high it has been closed by the Government. Additionally, if the company has not been closed it would be more complicated to get a work permit. The costs of reviving an inactive company that has not been filing annual audits would be very high as the fine can be as high as 100,000 Baht. If the company is still open you would be looking at over 200,000 Baht as a low ball figure in costs and associated fines.

[sunbelt][/sunbelt]