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New amendments make it easier to set up companies in Thailand

BANGKOK (The Nation/Asia News Network): The government has adjusted requirements for the registration of limited partnerships and mergers in a bid to ease the setting up of startups.

Deputy government spokesperson Trisulee Trisaranakul (pic) said on Friday (Feb 17) that amendments to the Civil and Commercial Code now allow a limited partnership to be registered in the name of two people instead of three.

The amendment was announced on November 8, 2022, and went into effect 90 days later, on February 7.

Trisulee added that the amendment also makes way for modern technology by allowing board meetings to be conducted online and inviting shareholders to a general meeting via online channels instead of announcements in local newspapers.

The amendment also stipulates that the memorandum of association…

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