Can A Farang Be A 100% Busnes Owner?

[crazynl]

As far as i know it is not posible for farang to be a 100% owner of a company in Thailand.

A few days back a friend of mine told me that now it is posible.

Could sombodey please help me.

Many thanxs

[beechguy]

I would say normally not, but there are exceptions based on company structure, nationality, and perhaps if it was a BOI company or not.

[sniffdog]

Again, what has this to do with 'Thai visas, residency and work permits'? Is it that difficult to pick the right section?

[jstumbo]

The US has a treaty with Thailand that makes this easy. So if you are a US citizen it would be easier.

[Maestro]

I am moving this topic to the forum “Jobs, economy, banking, business, investment in Thailand”

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Maestro

[kiakaha]

As far as i know it is not posible for farang to be a 100% owner of a company in Thailand.

A few days back a friend of mine told me that now it is posible.

Could sombodey please help me.

Many thanxs

NZL has a free trade agreement with Thailand and under the terms of that agreement, in certain industries, NZL citizens can have 100% directorship and 100% shareholding.

[LivinLOS]

BOI companies.. Amity companies.. There are some ways.

In general terms for a 'normal' company its not usual.

[WilliamJarvis]

It used to be the case that provided the Objectives of the business, as registered with the Ministry of Commerce, did not contain an Objective that was limited or prohibited under the Foreign Business Act or some other law or regulation, such as the Insurance Act, there was nothing stopping a foreigner from owing 100% of the business.

The problem was trying to find an Objective that is not limited by the FBA or some other law or regulation

So technically, "yes" it's very possible. Whether it is practically possible or not is another thing...

... of course, the exemptions others have mentioned do help/come into play

Edited February 4, 2008 by WilliamJarvis