Share Transfer

The process of transferring shares in Thailand is influenced by the company’s legal structure. Generally, share transfers don’t require company approval, though this depends on the rules outlined in the company’s Articles of Association. It’s important to note that all share transfers must be officially recorded in a Register of Shareholders, also known as the Shareholder book.
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Share Transfer at a glance
Share Transfer Instrument

For the transfer of shares to be valid, a share transfer instrument must be created. The share transfer instrument must be made in writing and signed by both the transferor and transferee.

Shareholder Register

The company must keep an up-to-date register of shareholders at its registered office. A shareholder register contains the list of share certificates and shareholders, and the details of all share transfers

Articles of Association

Articles of Association determine how a company will operate and undertake specific procedures, such as how and the process to transfer company shares.

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Embarking on a business venture, especially in a foreign land, can appear overwhelming. At VB & Partners, we understand this challenge and our experts are ready to assist with your needs. Our comprehensive range of services covers every step, from initial business feasibility assessments to complete incorporation and the start of your business operations.

Navigating local laws and regulations is a paramount concern for foreign enterprises. Our tailored solutions alleviate this complexity, ensuring unwavering adherence to legal mandates. Backed by a team well-versed in the intricacies of the Thai market and regulations, ensuring the smooth operation of your business.

VB & Partners est fier de son équipe d'experts juridiques. De la création d'entreprise aux services de comptabilité et de secrétariat, en passant par l'immigration et l'immobilier, VB & Partners est votre choix de prédilection pour l'ensemble de vos besoins juridiques et comptables.

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  • Prepare the Share Transfer Instrument: Our experts will prepare all details of the share transfer instrument in a timely manner, ready for execution.
  • Signing the Share Transfer Instrument: Our team of experts will coordinate with the relevant parties to arrange the time and location for signing the Share Transfer Instrument.
  • Registering the share transfer with the Ministry of Commerce: Our expert will submit the share transfer to the Department of Business Development. 
  • Updating the Shareholder Register and issuing the Share Certificates: Our team of experts will update the shareholder register to reflect the share transfer, including the information for the new shareholder and the transfer details. Our team will also prepare and issue the required share certificates.
  • Answering any questions about the process for transferring the shares.
En plus des exigences mentionnées précédemment, veuillez noter que des documents supplémentaires pourraient être nécessaires au cours du processus de demande.
Icone 01
Share Transfer
à partir de
7,500THB
Preparing a share transfer instrument,
Register the change with the DBD
Obtaining an updated shareholder list (Bor Jor 5)
5 jours ouvrables
Commencez Maintenant

Hors frais officiels et frais de transport

Prix : + 7 % de TVA

Ce qu'il faut savoir avant de postuler

Register the Share Transfer
The share transfer instrument must be submitted to the Department of Business Development; this can be done online.
Share Certificates
After the share transfer, companies must issue share certificates to the transferee. Each share certificate must be signed by one of the company directors and contain the company seal.
Details to include
The Share Transer Instrument should contain essential provisions, such as the parties, a detailed description of the shares, the purchase price, and the payment terms
Approval
Share transfers usually don't mandate approval from the company. However, this is subject to the regulations stipulated in the company's Articles of Association.
Foreign Ownership Considerations
If the company involves foreign shareholders, compliance with foreign ownership restrictions and regulations is crucial during the share transfer process.
Tax Implications
Share transfers could have tax implications for both the transferor and transferee, so careful consideration is advisable.

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Nos experts fournissent des informations essentielles concernant la structure de la société, la fiscalité, la comptabilité, et d'autres aspects généraux liés à la création d'une entreprise en Thaïlande. Nous répondons également à toutes vos questions juridiques pour vous offrir une vue d'ensemble complète.

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Questions Fréquemment Posées

What is a Share Transfer Instrment?

For the transfer of shares to be valid, a share transfer instrument must be created. The share transfer instrument must be made in writing and signed by both the transferor and transferee. There must also be one witness present to sign the instrument. The share transfer agreement must contain the names of the transferor, transferee and the number of shares being transferred

What should be included in the Share Purchase Agreement?

Typically, a share purchase agreement in Thailand includes the following provisions:

  1. Identifying the parties

The agreement should identify the transferred shares’ buyer and seller.

  1. Description of the shares

The agreement should describe the shares on transfer. It should also include the number of shares, the type, and any relevant rights attached to those shares.

  1. Consideration

The agreement should specify the purchase price or other considerations for the shares.

  1. Payment terms

The agreement should detail the timing and method of payment for the shares.

  1. Representations and Warranties

The agreement should include the buyer’s and seller’s representations and warranties. These can be regarding their ownership of the shares and other relevant matters.

6. Conditions precedent 

The agreement should specify all necessary conditions before the transfer, such as regulatory approvals.

  1. Indemnification

The agreement should include provisions for indemnification in case of breach by either party.

  1. Governing law and jurisdiction

The agreement should specify the governing law and jurisdiction to address any disputes from the agreement.

  1. Signatures

Both parties and any relevant witnesses or representatives should sign the agreement.

What is a Share Purchase Agreement?

A Share Purchase Agreement in Thailand is a legal document outlining the terms and conditions of a share acquisition transaction, ensuring that both parties know their rights and responsibilities. 

The SPA must comply with Thailand’s relevant laws and regulations and contain essential provisions, such as a detailed description of the shares, the purchase price, and the payment terms. Additionally, the SPA may include provisions related to warranties and representations, indemnity, restrictive covenants, and dispute resolution, all of which aim to safeguard the interests of both parties and ensure a smooth transaction free from legal complications.

It is important to note that a SPA is a legally binding agreement, and any breach of its terms can result in legal consequences

 
What is a Shareholder Register?

A Shareholder Register (book): The Company must keep an up-to-date register of shareholders at its registered office. A shareholder book contains the list of share certificates and shareholders, as well as the details of all share transfers. A shareholders list, based on this register, must be sent to the company register at the Department of Business Development once a year.

Do I need to register the share transfer?

To register the change, one of the company’s Directors submits the share transfer to the Department of Business Development; this can be done online. Once this has been done, the company can obtain the updated list of shareholders and update the shareholder register accordingly.