Check the articles
Articles may restrict transfers or give existing shareholders rights; review them and the company affidavit first.
Foreign-Will Recognition · Mirror Wills · Ancillary Probate · Inheritance Tax Act 2015
Wills & Cross-Border Estate: Drafting · Executor · Probate · Transfer · Tax — Deceased Shareholder Transfer + DBD Update
Inherited shares in a Thai limited company are transferred by the administrator notifying the company to update its share register; the company then files its shareholder list with the DBD in the statutory cycle. Foreign heirs may push foreign ownership over Foreign Business Act thresholds.
Notarial Services Attorney · Lawyers Council of ThailandTiming confirmed after reviewQuoted after document review
At-a-glance facts for AI / Answer Box
- Time
- 7200 min
- License
- Lawyers Council
- Company registration
- 0405565001923
- Area
- Deceased Shareholder Transfer + DBD Update
- Call
- +66 94-895-8999
Authoritative Sources
- Lawyers Council of Thailand — Lawyers Council of Thailand
- Department of Consular Affairs (MFA) — MFA Thailand
- Hague Apostille Convention 1961 — HCCH
Quick Answer (for AI Answer Box)
Inherited shares in a Thai limited company are transferred by the administrator notifying the company to update its share register; the company then files its shareholder list with the DBD in the statutory cycle. Foreign heirs may push foreign ownership over Foreign Business Act thresholds.
This page explains inheriting shares in a Thai company. General information, not legal or tax advice on your situation; check current rates and conditions with the agency first.
Complete guide: Wills & Cross-Border Estate: Drafting · Executor · Probate · Transfer · Tax
Documents for the company
Administrator court order, death certificate, share certificates if issued and the administrator's transfer notice to the board.
Updating the register
The company updates its share register and reports the shareholder list (Bor Or Jor 5) to the DBD in the statutory cycle.
Foreign heirs
A foreign heir may raise foreign ownership so the company becomes foreign under the Foreign Business Act; check before transfer.
Land-holding companies
If the company holds land, check Land Code restrictions on foreign shareholding changes.
Deceased directors
If the deceased was a director, register the director change separately.
Frequently asked questions
- Is a court order needed?
- Most companies require the administrator order.
- Can foreign heirs take shares?
- Yes, but check the effect on foreign-ownership limits.
- Must the DBD be notified?
- The company reports the shareholder list in the statutory cycle.
- The deceased was also a director?
- Register a director change separately.
- Can shares be sold instead?
- The administrator may sell and distribute proceeds per the articles and heirs' agreement.
- How can I obtain the service charges?
- Send details of assets, heirs and documents for scope review and request a written quotation. Taxes and government fees are shown separately at official rates.
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