Corporate Services

Company Dissolution & Liquidation (Thailand)

We assist companies with formal dissolution and liquidation in Thailand, including shareholder resolutions, liquidator appointment support, public notice, DBD filings, and coordination for tax clearance.

Who is it for / Suitable for

Thai limited companies that have ceased operations.

Companies with no ongoing business, employees, or active contracts.

Businesses wishing to formally close to avoid future tax and compliance liabilities.

Foreign-owned or local companies no longer operating in Thailand.

Key Requirements

Shareholder approval via a Special/Extraordinary General Meeting (EGM).

Appointment of at least one liquidator.

Public announcement of dissolution in a local newspaper.

Settlement of all outstanding debts, liabilities, and employee matters.

Completion of final tax filings and clearance with the Revenue Department.

Submission of dissolution and liquidation filings to the DBD.

Clients need to provide the following information / documents

Document Name

Notarized

Company Affidavit & BOJ5

Latest versions

Minutes of Shareholders’ Meeting

Approving dissolution & liquidator

Director’s passport/ID

For signing documents

Power of Attorney (if agent files)

Required if director is unavailable

Yes (if director abroad)

Latest financial statements

Used for liquidation accounting

List of creditors & debt settlement confirmation

Must be cleared before closure

Tax clearance documents

VAT & CIT filings

Newspaper publication proof

Public notice of dissolution

Average Processing Time

Varies by stage

Dissolution registration: 3–5 business days
Liquidation process: 6–12 months (statutory period)
Total duration depends on tax clearance and liabilities.

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What you would get when the application is complete

DBD Certificate of Company Dissolution

Liquidation Completion Confirmation

Tax Clearance Confirmation from Revenue Department

Official removal of company status from the DBD registry

On-going Compliance Requirements

During the liquidation period and until closure is finalized:

Filing of liquidation-period tax returns until closure is finalized

Submission of liquidator’s interim and final reports

Maintain records during liquidation period as required by law

Respond to any post-dissolution audits or authority inquiries

Government Agencies Involved

Government agencies involved / overseeing this process:

Department of Business Development (DBD)

Dissolution registration & liquidation filings.

Revenue Department (RD)

Final tax filings and tax clearance.

Social Security Office (SSO)

Employee deregistration (if applicable).

Labor Department

Employee termination compliance (if applicable).

Local courts (if disputes arise)

Oversight in contested liquidations.

Thanks SiamBusinessLaw to helping us draft a strong agreement and help us see through the case until we have an absolute win case. Appreciate your patience and professionalism

Your law firm handles our case very well and professional. Your regular updates allow us a peace of mind an dmake us feel like we are cared for. Your professional advise gave us a peace of mind too.

Your Burmese team is legit. They gave us the attention and respect we have long missed. We appreciate your work to help us get started properly here in Thailand.

Thank you for assisting us with our case with the Thai Revenue Deparment. We are satisfied with the outcome and we think it is fair.

Your due diligence work for our M&A is done with utmost care and accuracy. It's rare to see such work done by a legal firm in Thailand.

Consult With Our Corporate Advisory Team

Our team is ready to guide you through the full process. Reach us on WeChat or WhatsApp.