Thailand Company Dissolution & Liquidation

Dissolve and Close a Company in Thailand

Orderly corporate closure, coordinated across legal, accounting, tax and regulatory workstreams

Closing a Thai company is not achieved by ceasing trade or abandoning filings. The company must be dissolved, its affairs liquidated, its accounts and taxes brought to completion, and the final closure registered with the competent authorities.

One coordinated engagement: shareholder approvals, liquidator appointment, DBD filings, creditor notifications, final accounts and audit, tax closure, VAT cancellation and related licence, employee and immigration matters.

View Scope & Fees See the Process Request a File Review
UnionSPACE professional team coordinating company dissolution and liquidation in Thailand

A Controlled Exit, Not an Administrative Afterthought

Protect the interests of shareholders, directors, employees and creditors through a documented closure process with clear responsibility for every workstream.

A Thai limited company remains responsible for corporate, accounting and tax compliance until it is properly dissolved and its liquidation is completed. Dormancy, inactivity or an expired lease does not itself end the legal entity.

The closure should begin with a disciplined review of the company's records, assets, liabilities, contracts, employees, licences, banking arrangements, tax registrations and outstanding filings.

UnionSPACE coordinates the corporate, accounting, audit, tax and administrative elements as a single matter, with scope and dependencies identified before formal filings begin.

Corporate Dissolution

Shareholder procedures, resolutions, meeting records, liquidator appointment and Department of Business Development filings.

Liquidation of Affairs

Creditor notices, asset and liability review, settlement coordination, lawful distributions and liquidator documentation.

Final Accounts & Audit

Closing records, dissolution-year financial statements, audit coordination and remediation of historical accounting gaps.

Tax & Regulatory Closure

Revenue Department coordination, final tax filings, VAT cessation, licence cancellation and related employment or immigration steps.

When Our Company Closure Support Is Appropriate

We assist companies whose closure requires disciplined coordination rather than fragmented filings.

Voluntary Closures

Solvent companies whose shareholders have resolved to end operations and wind up affairs in an orderly manner.

Dormant Companies

Inactive entities that still carry annual accounts, audit, tax and corporate filing obligations.

Foreign-Owned Companies

Cross-border groups requiring director, shareholder, foreign business, banking and document coordination.

BOI-Promoted Companies

Businesses requiring BOI, customs, machinery, privilege or investment-condition closure workstreams.

VAT-Registered Companies

Entities requiring coordinated business-cessation notification, VAT certificate return and Revenue Department follow-through.

Companies with Arrears

Businesses with overdue bookkeeping, audits, returns or corporate records requiring remediation before completion.

Companies with Employees

Employers coordinating payroll, severance, social security, visa and work permit consequences.

Group Restructurings

Corporate groups closing surplus entities after acquisitions, reorganisations or regional strategy changes.

Scope, Professional Fees and Assumptions

Fees are confirmed after an initial file review so that historical compliance issues and non-standard regulatory work are identified at the outset.

Phase 1

Closure Readiness Review

ScopeReview

Establish whether the company is ready for formal dissolution.

Recommended where records, taxes, liabilities or regulatory registrations require confirmation.

Request a Readiness Review

Review Areas:

  • Corporate records and shareholder status
  • Accounting, audit and filing history
  • Tax and VAT registrations
  • Assets, liabilities and creditors
  • Employees and social security
  • Licences, BOI and foreign business matters
  • Bank accounts, contracts and leases
  • Closure roadmap and dependencies
Standard Engagement

Dissolution & Liquidation

THB72,000*

Coordinated closure for a compliant Thai company.

Includes dissolution, liquidation and dissolution-year account closing and audit coordination.

Request a Fixed-Scope Proposal

Core Scope:

  • Shareholder resolution documentation
  • Liquidator appointment support
  • DBD dissolution filings
  • Creditor notice coordination
  • Liquidation records and reporting
  • Dissolution-year account closing
  • Audit coordination
  • Final liquidation registration
Where Required

Remediation & Complex Closure

CustomQuote

Resolve issues that prevent a standard closure.

For overdue accounts, tax exposures, disputed liabilities or specialist regulatory requirements.

Discuss a Complex Closure

May Include:

  • Historical bookkeeping reconstruction
  • Overdue financial statements and audits
  • Outstanding tax return preparation
  • Tax and creditor reconciliation
  • Missing corporate record remediation
  • BOI or foreign business coordination
  • Licence and immigration cancellation
  • Matter-specific professional support

*Starting fee, plus VAT, for a standard matter with current records and no unresolved liabilities or tax defaults. Historical accounting, overdue filings, taxes, disbursements, regulator charges and non-standard work are excluded unless expressly stated. Indicative minimum working period: 45 business days; full completion may take several months.

Thailand Company Dissolution and Liquidation Process

The sequence below is a high-level guide. The order and documentation may vary according to the company's condition and regulatory profile.

Readiness Review

Confirm corporate records, accounts, taxes, assets, liabilities, employees, licences, bank facilities and unresolved matters.

Corporate Approval

Prepare the required shareholder process, dissolution resolution, meeting records and appointment of the liquidator.

Dissolution Filing & Notices

Register the dissolution, coordinate prescribed notices and begin authority, creditor and stakeholder notifications.

Liquidation & Tax Closure

Deal with assets and liabilities, final accounts, audit, tax filings, VAT cessation and related cancellations.

Completion Registration

Finalise the liquidator's records and register completion once the company's affairs have been fully wound up.

Key Company Closure Workstreams

A complete closure may involve several authorities and professional disciplines. We identify the applicable workstreams and coordinate them against one timetable.

DBD Filings

Dissolution registration, liquidator records and completion-of-liquidation filings with the Department of Business Development.

Accounts & Audit

Closing ledgers, dissolution-year financial statements, audit coordination and historical remediation where required.

Tax & VAT

Final returns, tax balances, Revenue Department correspondence, VAT cessation and certificate return coordination.

Assets & Creditors

Asset schedules, liability reconciliation, creditor notices, settlement evidence and lawful surplus distributions.

Employees

Payroll closure, employee documentation, severance, social security and related labour-compliance coordination.

Visas & Work Permits

Planning for immigration and work-authorisation consequences linked to employment and company cessation.

BOI & Licences

Separate notification, cancellation or clearance workstreams for BOI privileges and regulated business activities.

Banking & Contracts

Sequencing bank account closure, guarantees, leases, customer and supplier contracts, and document retention.

Primary authorities commonly include the Department of Business Development and the Revenue Department. The authorities, forms and supporting documents required depend on the company's registrations and circumstances.

Documents and Information for the Initial Review

Providing a complete record at the outset allows the closure scope, dependencies, timing and professional fees to be assessed more accurately.

  • Current company affidavit and constitutional documents
  • Share register, shareholder list and director details
  • Latest financial statements and audit reports
  • General ledger, trial balance and bank statements
  • Tax returns, VAT records and tax correspondence
  • Proposed closure date and shareholder instructions
  • Asset, liability, creditor and debtor schedules
  • Employee, payroll and social security records
  • BOI certificates, FBLs and operating licences
  • Material contracts, leases and guarantees
  • Details of disputes, claims or regulator enquiries
  • Contact details for directors and shareholders

Frequently Asked Questions

Clear answers to the questions directors and shareholders most often ask before closing a Thai company.

Dissolution records the decision to end the company and changes its status to a company in liquidation. Liquidation is the subsequent process of collecting or realising assets, settling liabilities, completing final accounts and tax matters, distributing any lawful surplus and registering completion of the liquidation.

A straightforward matter may begin with a minimum working period of approximately 45 business days, but full liquidation commonly takes several months. Timing depends on record quality, audit status, tax review, VAT registration, creditors, employees, licences and questions raised by the authorities.

Our professional fee starts from THB 72,000 plus VAT for standard dissolution, liquidation and dissolution-year account closing and audit coordination. Historical bookkeeping, overdue filings, taxes, liabilities, disputes, disbursements and non-standard regulatory work are quoted separately after review.

No. A registered company generally continues to have corporate, accounting and tax obligations until it is properly dissolved and its liquidation is completed. Dormancy or inactivity does not by itself terminate the legal entity.

Outstanding bookkeeping, financial statements, audits, tax returns and liabilities ordinarily need to be identified and brought into order as part of the closure. The required remediation depends on the company's history, activity and registrations.

VAT cessation is a separate Revenue Department workstream. A VAT registrant ceasing business must notify the Revenue Department in the prescribed form and return its VAT registration certificate. The filing sequence and supporting documents should be coordinated with the broader liquidation.

Liabilities must be identified and dealt with in accordance with the applicable process. If the company cannot meet its debts, a routine voluntary liquidation may not be appropriate. Directors and shareholders should obtain matter-specific legal advice promptly rather than treating the matter as a standard administrative closure.

Often, yes. BOI privileges, foreign business permissions, licences, customs matters, visas, work permits and investment conditions may require separate notifications, cancellations or clearances before or alongside the ordinary corporate process.

Many preparation and coordination steps can be managed remotely, subject to the document, signature, notarisation, legalisation, identity-verification and regulator requirements that apply to the particular company and its shareholders.

Company Closure Support Across Thailand

Coordinate company dissolution, liquidation, accounting, tax, employment and regulatory closure workstreams through our Thailand service network.

  • All
  • Bangkok
  • Other City
  • Other Country
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Thailand business hub in Pattaya, providing visa services, company formation, business licenses, accounting, tax, virtual office and coworking space.

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A mini warehouse and serviced office hub in Hat Yai, Songkhla, supporting SMEs, storage, office space and visa services near cross-border trade routes.

UnionSPACE Shenzhen company registration and market entry support

A strategic business hub in Shenzhen, supporting company registration, visa services and Chinese marketing solutions for ASEAN companies.

Customer Feedback

Recent feedback from our clients.

Marcus Wee

Singtel

We're fortunate to choose UnionSPACE as our market entry partner in Thailand. Your team performs well under stress and exceeded our expectations.

Peter Xie

China Digital

We're delighted to work with your Bangkok and Shenzhen team. Your creative yet systematic approach in Thailand meets our expectations.

Ryo

Asahi Beverages Specialist

Thank you for your professionalism in handling our business license and our management team Visa matters.

Tat'yana Shishki

Baltic Trade

Your accounting team is knowledgeable in international trade and we are very happy with their work.

Thailand Company Dissolution & Liquidation Support

Plan the closure before liabilities and deadlines accumulate

An orderly exit begins with a reliable picture of the company's records, assets, liabilities, employees, licences and tax position.

Send us the company details for a confidential preliminary review of scope, dependencies, timing and fees.
  • Closure-readiness and compliance-gap review
  • Shareholder approvals and DBD dissolution filings
  • Liquidator, creditor and asset-liability coordination
  • Final accounts, audit, tax and VAT closure support
  • Employee, licence, BOI and immigration workstreams
  • Final registration and closure-record handover
UnionSPACE Thailand
Bangkok and service locations across Thailand
+66 2 036 0600
WhatsApp Us @usth
UnionSPACE team supporting Thai company dissolution, liquidation and tax closure

Contact Our Multilingual Team in Thailand

Our team speaks English, Chinese (Mandarin), Russian, Kazakh, Burmese, Thai, and Indonesian — Monday to Friday, 9AM–6PM Bangkok time.

Get in Touch

Leave us a message and a UnionSPACE representative will contact you within 12 hours.

Location

Level 2, 29 Sukhumvit Soi 39, Phrom Phong, Bangkok 10110, Thailand

Email

sales@unionspace.com

Call

(+66) 02 0360 600

Open Hours