In December 2020, the Ministry of Commerce (the “MOC”) issued the Ministerial Regulation Prescribing Fees, Reduction in Fees and Fee Exemptions for Registration, Document Inspection, Certification of Documents and Other Fees Relating to Partnerships and Limited Companies B.E. 2563 (2020) which offers 50 percent discount off the registration fees for partnerships and limited companies conducted via the MOC’s e-registration system from 1 January 2021 to 31 December 2023 purposely to encourage the registration through eregistration system in order to transform governmental filings into the digital era. Such discount is a boost from the previous ministerial regulation in 2018 which offered a lower discount rate at 30 percent.
In addition, the MOC issued the Ministerial Regulation on the Reduction of Fees for Partnerships and Limited Companies in Special Development Zones B.E. 2563 (2020) which also offers the same 50 percent discount to partnerships and limited companies, whose registered office is located in Narathiwat, Pattani, Yala, Songkhla (only in Chana, Thepha, Na Thawi and Saba Yoi districts) and Satun provinces, from 1 January 2021 to 31 December 2023.
Please feel free to contact the authors for further information about the Ministerial Regulations, a setting up of company in Thailand or any related legal matters.
This document is solely intended to provide an update on recent development in Thailand legislation and is not purported to provide a legal opinion, nor a legal advice to any person.