Thailand has three types of Partnerships -Unregistered Ordinary Partnerships -Registered Ordinary Partnerships -Limited Partnerships Ordinary Partnership -All the partners are jointly and unlimited in liability for all the obligations of the partnership -A Non-registered Ordinary Partnership is one with no legal status as the juristic person -A Registered Ordinary Partnership is one with legal status as the juristic person Limited Partnership -One or more partners whose liability is limited to the contribution to the partnership,and -One or more partners who are jointly and have unlimited liability Contact our hotline: 096 165 1936 For your free consultation  Partnership Registration
According to the Civil and Commercial Code
Type of Partnership
According to the Civil and Commercial Code, the partnership can be divided into 2 types as follows :
(1) Ordinary Partnership
(2) Limited Partnership
Ordinary Partnership
Is that kind of partnership in which all the parthers are jointly and unlimited in liability for all the obligations of the partnership.
The ordinary partnership shall register as the juristic person or not. Therefore, the ordinary partnership can be divided into 2 types as follows :
(1). Non-registered Ordinary Partnership with no legal status as the juristic person
(2). Registered Ordinary Partnership with legal status as the juristic person
Limited Partnership
Is that kind of partnership in which there are :
1. One or more partners whose liability is limited to such amount as they may respectively undertake to contribute to the partnership,and
2. One or more partners who are jointly and unlimitedly liable for all the obligations of the partnership.
Establishment of Partnership
When two persons or above agree to invest in the ordinary partnership in one of the abovementioned type, the managing partner who is appointed from every partner must be responsible for requesting for the registration of such partnership to the officer at the commercial registration office that the head office of the partnership is located on.
A limited partnership must be managed only by the partners with unlimited liability.
Registration of the Change. Modification, or Liquidation of Partnership
In case that partners of such partnership agree to change or modify any registered transactions, or the partners aim to liquidate the businesses, they shall request the registration of the change or modification of such transactions or registration of business liquidation at the commercial registration office that the head office of the partnership is located in.
The registration for the establishment, change, modification, or liquidation of businesses shall perform according to the method and criteria specified by the law and government’s rules.
Information that the Partnership has to register to Modify or Change
(1) Name of partnership
(2) Location of head office and / or branches
(3) Objective of Partnership
(4) Partners
(5) Managing Partner
(6) Limitation of Managing Partner’s Power
(7) Partnership’s Seal
(8) Other transactions that should be publicized
(9) Merging the partnership
(10) Transforming the partnership to company
limited Information Used for the Registration of Partnership’s Establishment
(1) Name of partnership
(2) Objective of Partnership
(3) Location of head office and / or branches
(4) Name, Address, Age, Nationality, Occupation
and items that are invested (5) Name of Managing Partner (must be partner
without limit)
(6) Limitation of Managing Partner’s Power (If so)
(7) Partnership’s Seal | Registration Procedure
(1) In case of registering for the establishment or changing the partnership’s name, the partners or managing partner shall request for verifying and reserving the partnership’s name to confide that such name is not duplicated or similar to other names pervious registered. Upon reserving the name, shall request for the registration within 30 days by reserving the name in person or via internet at www.dbd.go.th .
(2) Purchase the request and form from the Department of Business Development or any of 7 business development office or provincial business development office or download from internet from www.dbd.go.th
(3) Request the registration and other attachments to the registrar for consideration.
(4) Pay the fee according to the officer’s order
(5) If aiming to issue the certificate of registered transactions, shall submit the request and pay the fee to the officers.
(6) Receive the certificate of registration.
2. Steps for registering partnership and company via internet
Criteria of Signing the Signature on the Request for Registration
(1) The signature in the request and the attachments, the person shall sign by him / herself.
(2) The person shall sign in front of the registrar and demonstrate the ID card to the registrar for verification.
In case the person cannot sign the name in front of the registrar,he/she shall sign the name in front of the following person :
1. In case of signing in the country
(1) Administration Officer or Senior Police in the area of the person who requests.
(2) Member of Thai BAR or
(3) Other persons as notified by the central registrar are
- Certified Public Account
- Committee member or officer of the Thai chamber of commerce or provincial chamber of commerce who can certify the signature of persons who request for the registration of partnership / company with the head office located in the province that the Chamber is located according to the notification of the Central Partnership Registration Office.
2. In case of signing in foreign countries
(1) Authorized officer of the Thai embassy or consulate, or head of the office under the Minister of Commerce responsible for the operations in any country or other officers authorized to perform on behalf of such abovementioned person
(2) Person who can completely certify according to the law of that country and
(3) 2 Reliable persons who can certify in front of the registrar that the signature is such person’s signature.
Duties of Partnership
Limited Partnership and Ordinary registered partnership according to the Civil and Commercial Code shall be responsible for preparing yearly financial statement and submitting to the business information service office, department of business development or any provincial business development office within 5 months from the closing date although such businesses have not yet been started or have not ceased temporarily; otherwise, they shall have the penalty of no more than 50,000 Baht.
In case the limited partnership or the ordinary registered partnership does not submit the annual financial statement as specified by the law, the managing partner or authorized person on behalf of the partnership will be liable to a fine like the partnership.
Businesses where the Law specifies the period of time of submitting the registration
(1) Request for registering the change of managing partner shall be submitted within 14 days from the changing date.
(2) Request for transforming to a limited company,shall be submitted within 14 days from the date of the previous managing partner submit the business, property, document, and other evidences to the company’s board of directors.
(3) Request for registering the partnership’s liquidation shall be submitted within 14 days from the liquidation date
(4) Request for registering the change of liquidators must be submitted with 14 days from the changing date
(5) Request for registering the change or modification of liquidators’ authority and power shall be submitted within 14 days from the date the meeting has the resolution or the date that the court has the decision.
(6) Request for registering the completeness of partnership’s liquidation shall be submitted within 14 days from the date the meeting has the resolution
(7) The submission of the report of partnership’s liquidation shall be submitted every 3 months and the liquidator shall submit the report within 14 days from the date that the 3-month period expires. |