MAJIC Posted August 26, 2015 Share Posted August 26, 2015 No way around it Luke. But with preferred shares, voting rights, pre-signed and non-dated share transfer forms, resignation letters, signed ID copies, you can have some level of control of your company. Of course, you may want to also have "loan" documents where the Thais have "loaned" the money from you to be valid shareholders (i.e. they bought shares), otherwise having Thai nominees is also not legal...assuming they did not contribute financially to the company. But a Thai that is bent on causing you problems can cause you a lot of problems if they know how to... No way around the 49/51... Stupid xenophobic Thai laws and they want foreign investment but refuse to give rights. They are scared for real competition based on competence. I'm with Thais on this one,they are not going to lose their country by being bought out on the cheap like so many western countries! 1 Link to comment Share on other sites More sharing options...
Lukecan Posted August 26, 2015 Author Share Posted August 26, 2015 Because of a bilateral treaty between Thailand and the USA, a US national is allowed to own 100% of the shares of a Thai-registered company for most types of business. The OP was obviously referring to this. Spot on! Link to comment Share on other sites More sharing options...
Lukecan Posted August 26, 2015 Author Share Posted August 26, 2015 (edited) Quick question. Where (geographically) do you derive your income from. Thailand or overseas clients? The income of the business will be derived from Thailand, for those who are curious about what type of business it is, its a vending machine business. Edited August 26, 2015 by Lukecan Link to comment Share on other sites More sharing options...
Lukecan Posted August 26, 2015 Author Share Posted August 26, 2015 (edited) The OP is a fantasist troll. I have wild fantasies, but I'm not trolling. I am very serious about my possible business endeavour, hence thats why I'm researching thoroughly. Edited August 26, 2015 by Lukecan Link to comment Share on other sites More sharing options...
Lukecan Posted August 26, 2015 Author Share Posted August 26, 2015 No way around it Luke. But with preferred shares, voting rights, pre-signed and non-dated share transfer forms, resignation letters, signed ID copies, you can have some level of control of your company. Of course, you may want to also have "loan" documents where the Thais have "loaned" the money from you to be valid shareholders (i.e. they bought shares), otherwise having Thai nominees is also not legal...assuming they did not contribute financially to the company. But a Thai that is bent on causing you problems can cause you a lot of problems if they know how to... No way around the 49/51... Stupid xenophobic Thai laws and they want foreign investment but refuse to give rights. They are scared for real competition based on competence. I'm with Thais on this one,they are not going to lose their country by being bought out on the cheap like so many western countries! I just want to import a couple of vending machines from my country and install them in attractive locations mate, don't want to buy their country on the cheap. Link to comment Share on other sites More sharing options...
Lukecan Posted August 26, 2015 Author Share Posted August 26, 2015 Pilot? I missed that one, last I heard OP was going to take the easy option of being a Diplomat. I failed the entrance exam by 3 points. Link to comment Share on other sites More sharing options...
mark5335 Posted August 27, 2015 Share Posted August 27, 2015 Yes. Voting and non- voting shares. The power to sign checks can rest with only you as well. Just dont use your wife or gf as a. shareholder. I've used the voting and non- voting shares approach as well. Also, if your business is focused on 100% export sales, I believe your company can be 100% foreign owned, according to advice I received from a Thai lawyer. 1 Link to comment Share on other sites More sharing options...
metisdead Posted August 27, 2015 Share Posted August 27, 2015 Off topic posts and trolling posts have been removed. Link to comment Share on other sites More sharing options...
steelepulse Posted August 27, 2015 Share Posted August 27, 2015 Not sure a vending machine business is viable as every local corner has pretty much what a vending machine is capable of selling. Link to comment Share on other sites More sharing options...
harrry Posted August 27, 2015 Share Posted August 27, 2015 Retail trade is a prohibited occupation and selling through vending machines is still retail trade. Link to comment Share on other sites More sharing options...
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