One of the things about company registration in Thailand is that it can be very tricky to understand sometimes. But one thing you may be thinking about is whether you can own the company 100% even if you’re not from the country. The rumor that you can’t is quite active in Thailand, and it’s easy to see why. Most people from outside the country tend to have restrictions and things like that don’t really work the way you want in such a situation. But there are some methods you can use in order to gain a 100% ownership.
Getting a foreign business license
If you get this type of license, you will basically have something similar to a work permit for companies. Foreign companies will operate only in the selected categories included in the FBL. It still helps a lot and it makes sense to use this type of approach. The government basically has control over who comes with the money in this country, what type of results you can expect and so on. Yes, it’s a system that works really well and one that brings in front tremendous benefits. It may not be the ultimate option for you, but it does work and it’s surely a start for all of this.
Board of investment promotion
Another unique thing about the company registration in Thailand is that it doesn’t limit you to promotions. This means you get to have some really impressive results when you can acquire a BOI promotion. You can get from a few to many employees in just a few years and you can also get promoted in areas that are desirable for the local economy. But this means you have to provide quality and value for the local economy. Not a huge issue, but it can be a bit problematic for a lot of people at times. It all comes down to knowing how to tackle all these benefits so you can get the best results.
Registration via the treaty of amity
Thailand and the US have a treaty of amity. This allows US companies to get a shareholding majority. This is quite a huge deal, as the US residents do have an advantage and they can own 100% of that company in Thailand if possible. It sounds great, but at the same time it’s not as good as you would imagine it to be. That’s why it can make a lot of sense to use this if you’re from the US. People from outside the United States can’t use this approach.
So yes, you can have 100% ownership as a foreigner when you do company registration in Thailand. It’s not an ideal situation, but it can work and it will offer you some really interesting benefits and results. Thankfully, things can get better and better as you go along with this type of approach, you just need to know how to tackle it efficiently to get a good outcome!
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