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?
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?