Costs will depend on which services you use, and the complexity of company’s past business activities.

Companies generally fall into one of several categories:

• Company that never operated – never had employees, never had bank account, no (or minimal) transactions, all shareholders available to sign.
• Company had minimal operations – some employees, bank account, transactions, all shareholders in Thailand.
• Company had significant operations, employees, vendors, and transactions, some shareholders may be outside Thailand.
• Large company or factory, has BOI or IEAT considerations.

Typical cost of a basic closure process – not including the closure audit – runs from about 20,000 for Category 1, above, to about 200,000 baht for Category 4, above.

Additional fees apply if we will serves as liquidator, as final custodian of documents, and if we provide temporary address, temporary accounting, administrative support for closing bank accounts, turning in work permits, and documenting other adjustments to balance sheet assets or liabilities.

If we serve as liquidator, additional liquidator fees run from 10,000 baht for Category 1, up to about 225,000 baht for category 4.

If your company is presently located outside of Bangkok, the only way that we can assist you is if you relocate the company address to Bangkok, prior to initiating closure.

We will support one initial meeting, at our office, at no cost to you, to resolve any procedural uncertainties. We will provide you with a quotation for your scenario, following that meeting. We then require a 10,000 baht, non-refundable deposit, before we undertake any work.

If we arrange your closure audit, the audit fee (which will be specified by the auditor) must be paid in advance.

In certain cases, we also offer a program by which - for an additional fee – we will agree to take over all further responsibility for closure, following completion of the closure audit. You “walk away” clean, and it is our problem from that point forward.