Unused Thai Co. Ltd.

[recycler]

I have a Thai Co. Ltd. that has not been used for 5 years, it's by now free of VAT claims and could be dissolved.

But just before setting that in motion I wonder if it is an option to sell it?

It has enough registered capital to support 1 or 2 workpermits, I've had 2 and later only 1 on it until I moved my job just over 5 years ago in to a Thai company that I did business with a lot.

[onthemoon]

Why would anybody buy an unused company, not knowing whether there are any old legal claims still pending? It would be wiser for them to open a new company.

[recycler]

To set up a new company has become very expensive for foreigners.

This company has been maintained by an accountant and there is 5 years of no activity with full tax records, accountant and auditors reports.

After 5 years all assets are depreciated so there is no VAT owed anymore, the company has a VAT number.

A possible buyer may want a due diligence preformed to make sure it's free of claims, no problem.

[vieseng]

The co is under what category? Is that you plan to sell it ?

[recycler]

The co is under what category? Is that you plan to sell it ?

What do you mean by category?

It's a normal Thai Co. Ltd. with 1 million Baht capital and it has broad description of activities, that can be trading, consulting, import, export, etc.

It's registered in Chonburi.

[onthemoon]

What is your selling point? Why should anybody buy your company rather opening a new one?