Learn the steps for changing a company name in Thailand, including processes with the Department of Business Development (DBD) and Revenue Department, along with a complete list of required documents.
Changing a Company Name in Thailand: Key Information
Changing a company name in Thailand is an important process for business owners. While it may seem complex, this guide provides simple step-by-step instructions. It covers everything from the name-change process with the Department of Business Development (DBD) to subsequent steps with the Revenue Department to update VAT registration, ensuring full compliance with Thai laws.
Whether you're running a small or large business, understanding this process is crucial. If you're unsure about the requirements or need professional assistance, METI Accounting offers comprehensive services to help you handle the registration process efficiently. With over 30 years of experience, our expert team is ready to assist.
Steps for Changing a Company Name with the Department of Business Development (DBD)
If your company wishes to change its name, the process involves obtaining a special approval from shareholders, amending the memorandum of association, and submitting the necessary documents to the DBD. Once approved, the updated registration must be submitted to the Revenue Department to reflect the changes in VAT registration. Here are the steps:
- Step 1: Reserve a New Company Name
The company director must reserve the new company name through the DBD’s online system. Ensure compliance with naming guidelines, which you can check here. - Step 2: Call for a Shareholders’ Meeting
Call a shareholders’ meeting to approve the name change and amend Clause 1 of the memorandum of association (Company Name). The meeting must have at least two attendees holding a combined share value of no less than one-fourth of the company’s capital. Approval requires a supermajority vote (at least three-fourths of the votes of attendees with voting rights). - Step 3: Specify the Agenda
The meeting invitation must include an agenda detailing the name-change proposal and any amendments to the company seal, if applicable. - Step 4: Publish a Meeting Announcement
Announce the shareholders’ meeting invitation in a newspaper or electronic media at least 14 days in advance. For example, if the announcement is made on November 5, the meeting can be held on November 20 (The 14 days timeframe excludes the announcement and meeting dates). - Step 5: Prepare Registration Documents
Prepare all required documents for submission (See the document checklist below.) - Step 6: Submit the Application and Await Approval
Submit the application to the DBD. If all documents are in order, the DBD will issue a certificate confirming the new company name. - Step 7: Notify Relevant Parties After DBD approval, notify customers, partners, and other stakeholders about the name change, along with any associated updates or conditions.
- Step 8: Update Information with the Revenue Department Submit a VAT update application to the Revenue Department to reflect the name change.
Documents Required for Changing a Company Name with the DBD
- Application forms
- Valid, unexpired new company name reservation confirmation
- Approval letters from relevant authorities (for businesses under special laws – e.g., securities business)
- Copy of the ID card of the signing director
- Power of Attorney with a 30 THB stamp duty (if a representative submits on behalf of the company)
- Other supporting documents – Please contact us or visit DBD website for the full list of documents
Documents can be downloaded from the DBD’s official website.
Submission Deadline:
Submit the application within 14 days of the shareholders’ approval
DBD Fees:
- Company name and seal amendment: 500 THB
- Certification copies: 40 THB per item
- Registration certificate copies: 100 THB each
- Certified document copies: 50 THB per page
Where to Submit:
- Online Submission: Through the DBD’s e-Registration system.
- In Bangkok: At DBD offices in Pinklao, Phaholyothin, Ratchadaphisek, Si Phraya, Srinakarin (Thanya Park), Chaeng Watthana, or the main office in DBD-Sanambinnam for securities businesses
Provincial: Provincial Commercial Offices nationwide
Steps for Updating a Company Name with the Revenue Department (Form P.P. 09)
After obtaining DBD approval, the next step is to submit Form P.P. 09 to update VAT registration information with the Revenue Department.
This must be done within 15 days of the name change approval to avoid penalties of up to 2,000 THB.
Documents Required:
- Three copies of Form P.P. 09
- Previous VAT registration forms (all copies)
- VAT application form (Form P.P. 01)
- Copy Certificate of Business Registration (Certified by DBD not older than six months)
- Copy of the Identification of the authorized director or representative
- Original VAT registration certificate (P.P. 20) for the head office and branches
- (If applicable) Copy of any revised partnership contracts or agreements
- Power of Attorney (if applicable), with a 30 THB stamp duty
Submission Locations:
- In Bangkok: At the Revenue Department Office in the district where the company is located
- Outside Bangkok: At the relevant Revenue Department Office for the company’s location
Key Takeaways on Changing a Company Name in Thailand
Changing a company name in Thailand involves several steps and requires meticulous preparation of documents. While the process may seem daunting, ensuring completeness and accuracy can make the procedure smoother. We recommend double-checking all information with the relevant authorities before proceeding to avoid errors and delays.
For expert assistance with corporate registration updates or amendments, METI Accounting offers comprehensive support. With over 30 years of experience, our team guarantees accuracy, efficiency, and professionalism at every step. Contact us today for a seamless process.
Related Search Terms
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- Change of company name
- Change company name in Thailand
- Change partnership name in Thailand
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