Buying a bar
If you mean just the building and the equipment, then yes, a foreigner may buy. But if you mean buying the business, then most cases require at least 51% investment from a Thai or Thais, whether they are silent or active partners. Please note that it is illegal for a company to have Thai nominees listed as partners. They must be genuine investors. Americans, however, may own up to 99.4% of a certain business. Please note that in order to get a work permit, they must have a limited company.
Sam Fauma, Managing Director, International Law Office.