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A 51% Thai Co Owning 51% Of Another Company

BangnaBound
BangnaBound
in SME Business in Thailand

Featured Replies

We all know that a foreigner can only hold 49% of a company and 51% must be held by Thai shareholders. My question is can a company that is set as 49% foreign / 51% Thai act as the 51% ‘Thai” shareholder for another 49/51 company? I didn’t think this sounded right, but I’m being told that this is OK. Is this normal practice, or does this sound like it may cause problems in the future.

The answer is "yes".

  • Author
The answer is "yes".

Thank you for your help.

So this isn't that unusual after all.

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