ฉบับภาษาไทย: อ่านหน้านี้เป็นภาษาไทย
Must a share transfer in a Thai limited company be registered with the DBD?
Short answer
The transfer itself is not registered transaction-by-transaction. Under the Civil and Commercial Code a transfer of registered shares is effected by a written and witnessed instrument and becomes effective against the company once entered in the share register book; the change reaches the DBD through the updated shareholder list (form BOJ.5).
So the paperwork that actually matters sits inside the company: a signed and witnessed share transfer instrument identifying the shares, the entry in the share register book, the updated share certificates, and board or shareholder approvals if the articles restrict transfers. Skipping the register-book entry is the classic mistake — a buyer who has paid but is not entered is not yet a shareholder as against the company.
The shareholder list is then filed with the Department of Business Development, normally with the annual general meeting filing, or within the statutory period where a list must be filed after a change. Note also that a transfer to a non-Thai buyer can move the company across the Foreign Business Act threshold, and separate tax consequences can arise on the seller's gain, so check both before signing. Scope, turnaround and fees are confirmed by IVC staff by phone, LINE or email — this site does not publish prices.
Reviewed as of 2026-08-04. General guidance only, not case-specific advice and not a guarantee of outcome. Government fees, conditions and processing times are set by the responsible authority and can change. This site does not publish prices — please ask our staff.
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