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Thread: Foreign Business Ownership Laws Changing in Thailand

  1. #1
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    Default Foreign Business Ownership Laws Changing in Thailand

    Hi,

    I am involved in a business that has a company registered in Thailand. Up to now, we have been able to have 100% foreign ownership, as long as we had the right number of Thai shareholders etc.

    I understand this week, that the Thai Government is thinking of changing the law, so that all companies must be at least 51% Thai owned. Seems to stem from the games that the former Prime Minister was doing with Shin Corp.

    This will have a huge impact on major foreign companies operating in Thailand. We may have to pull out of the market if these laws come into effect.

    Anyone else facing similar issues?

  2. #2
    Site Owner & Gold Sponsor Rob O'Byrne's Avatar
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    Default Re: Foreign Business Ownership Laws Changing in Thailand

    Quote Originally Posted by Tom Case View Post
    Hi,

    I am involved in a business that has a company registered in Thailand. Up to now, we have been able to have 100% foreign ownership, as long as we had the right number of Thai shareholders etc.

    I understand this week, that the Thai Government is thinking of changing the law, so that all companies must be at least 51% Thai owned. Seems to stem from the games that the former Prime Minister was doing with Shin Corp.

    This will have a huge impact on major foreign companies operating in Thailand. We may have to pull out of the market if these laws come into effect.

    Anyone else facing similar issues?
    Tom,

    Yes we are facing problems due to these changes in regulation. Also the changes in the labour laws are quite significant. I think it now stands at having to have 8 Thai employees for every Westerner. We have basically had to stop hiring Westerners in our Bangkok office. That is fine, but it just narrows the field in terms of our recruiting ability. I can understand why these changes are occurring, but it must be damaging for business in the short/medium term.

  3. #3
    Diamond Member Corzhens's Avatar
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    Default Re: Foreign Business Ownership Laws Changing in Thailand

    Pardon me if there are Thais here. The state of Thailand's government is still under Martial Law hence the economy is shaky. Worse the economic policy is ever changing so foreign business have that apprehension. I'm sorry to say that Thailand is not a good business venue for now maybe until the government is back to normalcy.

  4. #4
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    Default Re: Foreign Business Ownership Laws Changing in Thailand

    Thanks for sharing it !

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