Companies · closing
Close your Thai company the legal way — from the shareholders' vote to removal from the register
An abandoned company keeps collecting fines. We handle dissolution and liquidation with the DBD and Revenue Department, priced up front.
- Dissolution, liquidation and completion — registered with the DBD
- Tax, VAT, social security and work permits — in one plan
- Government fees, auditor and newspaper notice — listed separately
20+ years in ThailandEnglish · Русский · ไทย
A Sabai Legal lawyer will reply — in English, Russian or Thai
Why you can't just walk away from a company
- 01
An abandoned company still has to file.
As long as it is on the register, it must file audited financial statements every year. Failing to file carries a fine of up to 50,000 THB, and directors are fined separately.
Source: DBD financial statement filing manual; Accounting Act, Section 30
- 02
14-day deadlines.
The dissolution must be registered with the DBD within 14 days of the shareholders' resolution. Within the same 14 days: a newspaper notice and a letter to every creditor.
- 03
The Revenue Department is separate.
The Revenue Code separately requires the liquidator and the manager to notify the tax office of the dissolution within 15 days of its registration. Otherwise an extra amount equal to the tax due may be charged.
Source: Thai Revenue Code, Section 72
- 04
Foreign employees.
When the company closes, its foreign staff leave their jobs. The company must notify the Department of Employment within 15 days of each foreign employee leaving and state the reason.
Source: Foreigners' Working Management Emergency Decree B.E. 2560 (as amended B.E. 2561), Section 13
How a company is closed under Thai law
The procedure for a private limited company (Co., Ltd.), based on DBD guides and the Thai Revenue Code. Checked on 17 October 2026.
Requirements change. We check them against official sources before every application.
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Special resolution of shareholders
A voluntary dissolution needs a special resolution of the general meeting: at least three-quarters of the votes of shareholders present. Notice of the meeting goes out at least 14 days in advance, or as set in the articles of association.
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The liquidator
Unless the articles say otherwise, all directors become liquidators by law. The meeting can instead appoint some of the directors, one director or an outside person. Several liquidators act jointly unless the meeting or a court decides otherwise.
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Register the dissolution within 14 days
The liquidator files where the head office is: in Bangkok with the DBD or its district offices, elsewhere with the provincial commerce office. Online filing through the DBD e-registration system is also possible. The government fee is 500 THB.
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Newspaper and creditors — also 14 days
Within 14 days of the dissolution, the liquidator publishes a notice in a local newspaper at least once and sends a registered letter to each creditor.
Source: DBD guide to liquidation
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Revenue Department: 15 and 150 days
The liquidator and the manager notify the tax office of the dissolution within 15 days of registration. The registration date counts as the last day of the accounting period, so the PND.50 return is due within 150 days. Assets are valued at market price on the dissolution date. An extension can be requested from the Director-General of the Revenue Department within 30 days of registration.
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VAT: notice within 15 days
A VAT-registered company notifies the cessation of business within 15 days of ceasing and returns its VAT registration certificate with the notice. It keeps its VAT obligations until the Revenue Department strikes it off the VAT register.
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Accounts as of the dissolution date
The liquidator prepares financial statements as of the dissolution date, audited and certified by a licensed auditor. If the liquidation is not finished within 3 months, a progress report goes to the DBD every 3 months. If it takes over a year, a shareholders' meeting is held at the end of each year.
Source: DBD guide to liquidation
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Completion of liquidation — 14 days
A shareholders' meeting approves the liquidation report, with at least 7 days' notice or as set in the articles. The liquidator registers the completion with the DBD within 14 days of the meeting. The government fee is 500 THB.
Source: DBD guide to liquidation
What we do
- 01
Full company closing
The company is no longer needed and its filings are up to date. We handle everything from the shareholders' meeting to removal from the register.
Choose - 02
Catch-up filings before closing
If the company has not filed for years. We file what is missing first, then close it.
Learn more - 03
Structure audit before closing
If the company was set up through an agent or with Thai nominee shareholders.
Learn more - 04
A new visa for foreign staff
If your visa was based on working for the company, we find a new basis in good time.
Learn more
Documents for closing
Stage 1: dissolution
- Minutes of the shareholders' meeting with the special resolution to dissolve
- Application to register the dissolution (form Lor.Chor.1)
- Dissolution particulars (Lor.Chor.2) signed by all liquidators
- Copy of the minutes appointing the liquidator or setting their powers — if not all directors are liquidators or their powers differ
- Map of the liquidator's office — if it is not at the company's address
- Copies of ID cards or passports of all liquidators
- Power of attorney — if a representative files for you
- Local newspaper notice and registered letters to creditors
Stage 2: liquidation and completion with the DBD
- Application (Lor.Chor.1) and liquidation report (Lor.Chor.3)
- Completion of liquidation particulars (Lor.Chor.5)
- Financial statements as of the dissolution date with a licensed auditor's report
- Details of the company's account books and documents (Lor.Chor.6)
- Audit certification form in the Revenue Department's format
- Copies of ID of the liquidators who sign the application
Tax, staff and settlements
- Notice of dissolution to the tax office — within 15 days
- PND.50 return as of the dissolution date — within 150 days
- VAT-registered companies: notice of cessation and the original VAT certificate
- Notice to the Department of Employment for each foreign employee who leaves — within 15 days
- Social Security updates for staff who leave — by the 15th of the following month
- Company bank statements, contracts, list of creditors and debtors
Based on DBD guides, the Revenue Code and the laws on foreign workers and social security. DBD forms must be typed, and at least one applicant signs to certify each copy. The DBD fee is 500 THB to register the dissolution and 500 THB to register the completion of liquidation; a company certificate costs 40 THB per item and a certified copy 50 THB per page.
Send documents for a check
Company closing prices
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Closing plan
- Our fee
- 2,500 THB
- Check of the company against DBD records
- Check of filings, VAT and foreign employees
- Step-by-step plan with deadlines
- Fixed price for the closing
Timeline: 2–3 business days
Choose this package - Most popular
Full company closing
- Our fee
- from 50,000 THB
- Government fee (paid separately)
- 500 + 500 THB (DBD: dissolution and completion of liquidation)
- Shareholders' meeting and minutes with the special resolution
- Registration of the dissolution with the DBD
- Newspaper notice and letters to creditors
- Notices to the Revenue Department, VAT, Social Security and the Department of Employment
- Accounts as of the dissolution date and PND.50, with the auditor
- Liquidation progress reports and the final meeting
- Registration of the completion of liquidation
Timeline: 3–6 months
Choose this package -
Closing with catch-up filings
- Our fee
- from 70,000 THB
- Everything in Full company closing
- Bookkeeping and filings for missed years
- Calculating fines and handling their payment
- Fixed price confirmed after the check
Pay in stages
30% at the start, 70% after the result. Longer projects are paid by contract stages.
Guarantee
If an application is refused because of our mistake, we refund our fee in full. We guarantee the process, not the authority's decision.
Trust you can verify
- 20+ years in Thailand
- 14 days to register the dissolution with DBD
- 150 days to file the tax return after dissolution
We work with
- Immigration Bureau
- Department of Business Development (DBD)
- Revenue Department
- Ministry of Labour
- Banks
How we work
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Step 1
Request
Send us the company name or DBD number. We reply within 15 minutes.
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Step 2
Check and plan
We check filings, VAT, staff and debts, then give you a fixed price and timeline.
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Step 3
Meeting and dissolution
Special resolution, appointment of the liquidator and registration of the dissolution with the DBD — within 14 days.
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Step 4
Notices
Newspaper notice, letters to creditors, Revenue Department, VAT, Social Security and the Department of Employment.
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Step 5
Liquidation
Settling with creditors, audited accounts as of the dissolution date, the PND.50 return.
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Step 6
Completion
Final meeting and registration of the completion of liquidation with the DBD. You receive the final documents.
How we differ from a typical agent
| Criterion | Sabai Legal | Typical agent |
|---|---|---|
| Price | Fixed, published on the site | "Message us and we'll quote" |
| Government fees | Shown as a separate line | Hidden in the total |
| Payment | In stages | 100% upfront |
| Company structure | Legal, no nominees | Nominee shareholders |
| Response | 15 minutes, 7 days a week | "On business days" |
| Case status | In a Telegram bot | Only by phone |
| Language with authorities | Thai, in person | Through an interpreter |
Frequently asked questions
Can I just stop paying and abandon the company?
It is not a good idea. As long as the company is on the DBD register, it must file audited financial statements every year, and both the company and its directors are fined for not filing. A court can dissolve a company that has not operated for a year, but a liquidator is still appointed and the liquidation still has to be done. It is simpler to close it yourself, on your own schedule.
How long does closing take?
It depends on the company: debts, assets, VAT registration and staff. With documents ready and no debts — 3–6 months. The law sets deadlines for each stage: 14 days to register the dissolution, 150 days for the tax return, 14 days to register the completion. If the liquidation takes longer than 3 months, the liquidator files a report with the DBD every 3 months.
Do I need to be in Thailand?
Not always. The liquidators sign the documents, and by default they are the directors. If you have already left, the meeting can appoint someone else as liquidator. Documents can be filed under a power of attorney or online through the DBD system. We tell you in advance if you need to be there in person.
How many votes does the decision to dissolve need?
A special resolution: at least three-quarters of the votes of shareholders present. Notice of the meeting goes out by registered mail with acknowledgement of receipt at least 14 days in advance, or as set in the articles. Since 7 February 2023 the meeting notice no longer has to be published in a newspaper, unless the company has bearer shares or its articles require it. The notice of the dissolution itself must still appear in a local newspaper.
The company has not filed accounts for several years. Can it still be closed?
Yes, but the missing filings still have to be made. Accounts for a completed financial year are filed by the normal deadline, and the DBD advises doing this before the dissolution is registered. Accounts as of the dissolution date are filed together with the registration of the completion of liquidation. We rebuild the books, calculate the fines and build them into the plan.
What happens to my visa and work permit?
When a foreign employee leaves, the company notifies the Department of Employment within 15 days and states the reason. If your visa was extended based on working for this company, it is best to find a new basis before closing — we can help.
What about VAT?
If the company is VAT-registered, it notifies the Revenue Department within 15 days of ceasing business and returns its VAT registration certificate. Until the Revenue Department strikes it off the VAT register, its VAT obligations remain. We keep track of this to the end.
What happens to the company's money and assets?
The liquidator sells the assets, collects money owed to the company, pays the creditors and covers the liquidation costs. Whatever is left goes back to the shareholders in proportion to their shares or as the articles provide. For tax, assets are valued at market price on the dissolution date.
Can claims be made after the company is closed?
Yes. Claims for debts of the company, its directors or liquidators can be brought within 2 years of the completion of liquidation. That is why it matters to publish the notice, write to every known creditor and settle all accounts before the liquidation ends.
What does the price include?
Our work is a fixed fee by plan. The DBD fee is 500 THB at the dissolution stage and 500 THB at the completion stage. The auditor and the newspaper notice are paid separately. If accounts for past years are missing, we price the catch-up work and fines after the check.
Start with a check of your company
Send us the company name or DBD number — a specialist will reply within 15 minutes and tell you where to start.
Every day, 9:00–21:00 (Bangkok time)
A Sabai Legal lawyer will reply — in English, Russian or Thai