New Amendments to Thai Corporate Law

Due to the impracticality of present Thai corporate laws,

 not only for the number of promoters and shareholders,

which require at least 7 persons, but also for the period

of time for incorporation, which takes at least 9 days,  

amendments  to the Thai Civil and Commercial Code

regarding partnerships and limited liability companies

were adopted and published in the Government Gazette

on March 3, 2008 and will be effective on July 1, 2008.

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