Hello,

I have a question, I am new here and would like members here to help me on this, I am interested to set up a Thai company limited with my thai wife of 8 years we are currently working and living in Vietnam, and have been thinking of setting up a Small Cafe Restaurant.

I dont intend to work in thailand as i have work in Vietnam, i just want to hold shares in a thai company and do not want a thai work permit.

1) Can i hold 49% Shares as a foreigner ?

2) Do foreign shareholder need a Thai work permit even if they not working here ? In other words i just invest and not living here or working in Thailand

3) Co.Ltd , Is it 7 or 3 Minimum Shareholder now ?

Thanking you all in advance

Motr

Hi,

1) Can i hold 49% Shares as a foreigner ? YES

2) Do foreign shareholder need a Thai work permit even if they not working here ? In other words i just invest and not living here or working in Thailand ? NO WP required if you are not physically doing work for the company.

3) Co.Ltd , Is it 7 or 3 Minimum Shareholder now ? Minimum of 3 shareholders are required.

Note, that if you indirectly control any of the remaining 51% of shares (ie if your wife or other close relative owns them), you are technically contravening terms the Foreign Business Act so if there is property involved or anything which puts your business on the radar at some point, you would need to be careful.

Cheers

Cheers Mate

we are only going to rent a small shop + equipment will be own by us.

Back to my question no 2 , So meaning the minimum 3 shareholder may be a 1 Foreign and 2 Thai Shareholder am i right ?

we will not be active on working in Thailand as we are hiring close relative to run the show for us

Cheers Mate

we are only going to rent a small shop + equipment will be own by us.

Back to my question no 2 , So meaning the minimum 3 shareholder may be a 1 Foreign and 2 Thai Shareholder am i right ?

we will not be active on working in Thailand as we are hiring close relative to run the show for us

correct.

In theory you could have a whole bunch of foreign shareholders in a business, as long as the total foreign shareholding does not exceed 49%

Edited May 13, 201016 yr by richardt1808