Business Proprietorship In Thailand

[salz]

Can a foreigner(Singaporean) owns a business 100% in Thailand?

[EVO]

Depends what you will be doing with that business.

[~G~]

Can a foreigner(Singaporean) owns a business 100% in Thailand?

<{POST_SNAPBACK}>

No. To own 100% you need to be a sole proprietor. And as a foreigner you can't do that.

Otherwise you can have a limited parnership or a company.

A company requires 7 shareholders minimum. For some kind of businesses, all shareholders can be foreign - so you can have 100% foreign ownership - nevertheless not by one person.

[aqua]

For a list of the Types of Businesses that a 100% Foreign Owned, Thai Company are NOT permitted to operate, visit the Department of Business Development, Ministry of Commerce website and read the Foreign Business Act B.E. 2542 (1999)

The list is towards the bottom of the page

http://www.dbd.go.th/eng/law/fba_e1999.phtml

However, as I understand it, a Thai Company with UNDER 50% Foregin Ownership can operate ANY business listed on the restricted list