Corporate Due Diligence & Business Risk Assessment in Thailand

Sound corporate decisions rely on accurate information, especially when engaging in mergers, acquisitions, joint ventures, or high-value commercial transactions. Conducting thorough due diligence in Thailand is essential for evaluating counterparties, identifying liabilities, and confirming that a business is legally and financially compliant.

BASE Law Firm provides comprehensive due diligence services that help clients understand risks clearly, make informed decisions, and protect their investments in the Thai market.

Our service include:

Corporate registration verification
Licensing and compliance review
Litigation and debt assessment
Contract and obligation analysis
Asset and IP verification
HR and policy evaluation

Purpose of Corporate Due Diligence

Proper due diligence establishes a factual picture of a company’s structure, obligations, and operational reality. Our reviews focus on determining:

Whether the company is properly registered and lawfully operating
Outstanding liabilities or disputes that could impact future operations
Accuracy of financial statements and internal records
The status of assets, contracts, licenses, and compliance obligations
Whether shareholders, directors, and authorized representatives align with corporate filings

This process allows clients to proceed with confidence, whether acquiring a business, entering a partnership, or assessing prospective suppliers and investment targets.

Key Areas of Investigation

BASE Law Firm tailors each due diligence engagement to suit the commercial objectives of the client. Our assessments commonly include the following components:

1. Corporate Registration & Structure Verification

Confirmation of legal entity type
Review of Articles of Association
Current shareholder list and capital structure
Validation of directors, authorized signatories, and binding authority

2. Licensing & Regulatory Compliance

Verification of operating permits
Review of foreign ownership restrictions
Identification of outstanding compliance obligations and regulatory gaps
Assessment of industry-specific licenses

3. Litigation, Debts & Financial Exposure

Ongoing or past court cases
Administrative penalties or government orders
Unpaid taxes, creditor claims, or secured liabilities
Encumbrances placed on company assets

4. Commercial Contracts & Obligations

Review of supplier agreements, leases, MOUs, and customer contracts
Identification of high-risk terms
Evaluation of long-term commitments and contract performance

5. Intellectual Property & Asset Ownership

Trademark and patent registration status
Evidence of ownership for equipment, real estate, and other key assets
Review of licensing agreements and IP transfer arrangements

6. Human Resources & Internal Policies

Accuracy of employee lists
Review of employment contracts
Social Security and labor law compliance
HR disputes and settlement history

Documents Commonly Required

Depending on the nature of the engagement, our team may request:

Certificate of Incorporation / Company Affidavit
List of shareholders
Company objectives and Articles of Association
Audited financial statements
Tax filings and VAT registration
Work regulations and employment documents
Copies of contracts, licenses, and title deeds
Litigation or administrative correspondence
Minutes of shareholder and director meetings

For foreign enterprises, additional materials such as parent-company approvals, board resolutions, and intercompany agreements may also be required.

How BASE Law Firm Supports Clients

Our due diligence process is structured to provide clarity and practical value. We deliver:

Tailored scopes based on the client’s commercial strategy
Clear and concise reporting, including red-flag summaries
Risk mitigation advice for restructuring, negotiation, or withdrawal
Legal recommendations to strengthen corporate governance or compliance
Verification of all findings through official registries and government agencies

Whether you are purchasing a company, expanding operations, or evaluating a business partner, our legal team ensures you receive reliable, actionable insights.

Summary

Corporate due diligence is an essential safeguard for any significant commercial activity in Thailand. It ensures transparency, uncovers hidden liabilities, and verifies that a business complies with local laws.

BASE Law Firm combines legal precision with deep experience in the Thai commercial landscape, delivering due diligence services that support high-value transactions, risk management, and long-term business success.

For strategic guidance or to begin a due diligence review, our team is prepared to assist with professionalism and accuracy.