Leaving Thailand properly.
A dormant Thai company still has obligations, and bank accounts, leases and deposits don’t close themselves. We wind things up for you by power of attorney, so nothing is left open behind you.
Start your matterYou have left, but something in Thailand is still open.
- Your Thai company has stopped trading, but it still exists and its filings are overdue.
- You are still recorded as a director of a Thai company you no longer run.
- The company’s accountant hasn’t been paid, and you don’t know what is outstanding.
- Bank accounts, vehicles or leases are still open in your name or the company’s.
- Your landlord is holding your deposit, and you have already left Thailand.
- There are remaining assets in Thailand you want sold.
- Your Thai operation is in difficulty, and you need an orderly closure or restructuring.
A clear plan, then a clean exit.
It starts with a written review of what is open. Each stage after that has its own scope and a fee agreed in advance.
-
Exit review
What is still open, and what it will take.
- Includes
- The company’s status and outstanding filings, directors on record, accounts, leases, deposits and assets, with a written plan and costs.
-
Catch-up filings
Bringing a dormant company up to date.
- Includes
- Overdue accounts and filings prepared with our accounting team, so the company can be closed properly.
-
Dissolution and liquidation
Closing the company by power of attorney.
- Includes
- Dissolution, liquidation and final registrations, handled by our legal and accounting teams without you travelling.
-
Accounts, deposits and assets
Everything else that is left.
- Includes
- Closing bank accounts, recovering deposits (including end-of-tenancy deposit disputes after you have left), and selling remaining assets.
How stages are quoted is explained on Fees & process.
When a Thai operation is in difficulty
For overseas owners and parent companies whose Thai company is struggling, or needs to close. Our legal team in Thailand prepares an orderly closure or restructuring plan and carries it out in the right sequence, while you deal with one point of contact and receive written updates.
Labour obligations come first under Thai labour law, subject to applicable rules and regulations. The plan is built around that order.
Employees first
Wages and statutory severance dealt with first, in line with Thai labour law.
Labour authorities
Labour-department and Labour Court matters, handled by our legal team.
Goods and equipment
Stock or equipment held in a free-trade or bonded zone.
Courts, creditors and landlords
Court restrictions, creditors and landlords, dealt with in the right sequence.
Formal closure
Dissolution and liquidation by power of attorney.
Legal and accounting work, through one contact.
- Your case managerYour single point of contact: the exit plan, documents and every update.
- Our legal teamLicensed Thai lawyers: dissolution, liquidation, deposit claims and asset sales.
- Our accounting teamOverdue accounts, final filings and the accounting side of liquidation.
For each matter we assign the lawyer or specialist best suited to your needs. The responsible lawyer and their credentials are named in your engagement letter. Who you work with
Leaving a Thai company behind: what to know.
- Does a dormant company still have obligations?
- Yes. A Thai company that has stopped trading still has filing obligations until it is formally closed, and directors remain on record, subject to applicable rules and regulations.
- What if nothing is done?
- Overdue filings can build up, and a company can be at risk of being struck off, which is not the same as a proper closure. The exit review sets out the position for your company.
- Can a company be closed from abroad?
- In most cases dissolution and liquidation can be handled by power of attorney, subject to applicable rules and regulations.
- How long can an unpaid deposit or other contract claim wait?
- Most contract claims generally run for 10 years (Civil and Commercial Code s.193/30), but some claims have shorter periods. The exit review confirms the deadline for yours.
Frequently asked questions
Can I close my Thai company without returning to Thailand?
In most cases, yes. Our legal and accounting teams handle dissolution and liquidation by power of attorney, with the documents you need to sign prepared for signing where you live.
Our Thai company can’t pay its staff. What should we do first?
Contact us promptly. Wage obligations come first, and our legal team will advise on the right sequence and on the labour-department process.
The company hasn’t filed accounts for years. Can it still be closed?
Usually the overdue filings are brought up to date first, then the company is closed. The exit review tells you what is outstanding and what it will cost before anything starts.
My landlord kept my deposit after I left Thailand. Can you recover it?
Yes, end-of-tenancy deposit disputes are part of this service when you have already left Thailand. Our legal team reviews the lease and the landlord’s reasons, then sends a demand.
Related services
Tell us what is still open.
Start with the company name and any other parties involved, such as a landlord, for our conflict check. Please don’t send company documents until we confirm we can act.