Foreign ownership of companies
The percentage of a Thai company that you, as a foreigner, may own depends on your nationality and on the business you intend to open. Generally speaking, the total foreign shareholding in a company may not exceed 49%. There are three exceptions that allow foreign shareholding up to 100%: – If the foreign shareholder is an American citizen; – If the business has written approval from the Board of Investment; – If the business is of a type defined by the Alien Business Law as being allowed to have a foreign shareholding of up to 100% (for example, certain export-related businesses) If you are working for the company (including giving direction or advice), or you receive a salary or fees of any kind from the company, then you must apply for a work permit.
Friedrich Fauma, Managing Director, International Law Office