Somros Posted August 12, 2023 Share Posted August 12, 2023 I have read in the past (both on this forum and elsewhere) that when a company engages in export-only activities (not invoicing anyone in Thailand, not making any sales in Thailand) then this kind of company can be registered with 100% foreign ownership. Note I don't refer to the case of US-Thailand Treaty of Amity which is an unrelated provision. No Americans involved. I also don't refer to any kind of BOI sponsoring. If this still holds then such a company will have 2 (or more) foreign shareholders. Does this type of company still possible to incorporate today and does it matter if the export activities are only for goods or also for services. I will greatly appreciate all informed replies. Link to comment Share on other sites More sharing options...
FritsSikkink Posted August 12, 2023 Share Posted August 12, 2023 (edited) No, where did you read this nonsense? Link please. Edited August 12, 2023 by FritsSikkink Link to comment Share on other sites More sharing options...
bbko Posted August 12, 2023 Share Posted August 12, 2023 11 hours ago, Somros said: I have read in the past (both on this forum and elsewhere) Link please. Link to comment Share on other sites More sharing options...
CharlieKo Posted August 12, 2023 Share Posted August 12, 2023 https://www.bangkokpractice.com/100-export-company-in-thailand/ 1 Link to comment Share on other sites More sharing options...
ezzra Posted August 12, 2023 Share Posted August 12, 2023 Asked and answered as the say in the legal profession. Link to comment Share on other sites More sharing options...
mark5335 Posted August 13, 2023 Share Posted August 13, 2023 I did this 10 years ago so unsure whether it's still possible. My lawyer incorporated the company at the DBD as a Thai owned company and a month later changed the shareholders to 100% foreign. The was properly registered at the DBD and our annual audited filings were accepted at the DBD and the RD without problem. (I'm unsure what the penalty would have been is we had transacted any domestic sales.) 1 Link to comment Share on other sites More sharing options...
Somros Posted August 13, 2023 Author Share Posted August 13, 2023 2 hours ago, mark5335 said: I did this 10 years ago so unsure whether it's still possible. My lawyer incorporated the company at the DBD as a Thai owned company and a month later changed the shareholders to 100% foreign. The was properly registered at the DBD and our annual audited filings were accepted at the DBD and the RD without problem. (I'm unsure what the penalty would have been is we had transacted any domestic sales.) Thanks. Mind telling what business did you engage in? Did you export goods or services? Link to comment Share on other sites More sharing options...
mark5335 Posted August 13, 2023 Share Posted August 13, 2023 2 hours ago, Somros said: Thanks. Mind telling what business did you engage in? Did you export goods or services? It was mostly the export of animal feed products from Thailand to several markets in NE Asia. 1 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now