Transfer company shares to my daughter

[inthanet]

Hi,

the shares of my company are 49% owned by me and 51% owned by Thai person.

Is it possible to transfer company shares (owned by Thai person) to my daughter?

My daughter has the Thai nationality and is 10 years old.

Thanks in advance

Regards

Uwe

[Sunbelt Asia]

Hi Uwe

It is possible, first you will need to execute the Share Transfer form transferring the shares from the current Thai shareholder to your daughter, of course this must be done by the current Thai shareholder.

You need to be aware that you cannot represent your daughter in managing her assets, it must be her Thai parent. Finally, if you wish to sell your daughter's shares while she is still a minor then Court approval will be necessary.

If your company is located in Bangkok then Sunbelt Asia can assist you with the share transfer form and its filing.

[sunbeltlegal][/sunbeltlegal]