sunray69 Posted July 30, 2008 Share Posted July 30, 2008 We are about to create a new LTD company with 49% foreigners share holders. We know exactly what we wanna do but we do not know if it is legal for a foreign owned company to do this kind of business. Where can I find a list of what a foreign owned business can do or cannot do ? Any help is much appreciated. Link to comment Share on other sites More sharing options...
raro Posted August 1, 2008 Share Posted August 1, 2008 you might get an answer if you would tell us what exactly you want to do.... Link to comment Share on other sites More sharing options...
Samuian Posted August 1, 2008 Share Posted August 1, 2008 ...would it be a wild assumption that exactly this he doesn't want to - due to the copy cat factor? Link to comment Share on other sites More sharing options...
lannarebirth Posted August 1, 2008 Share Posted August 1, 2008 It would also be helpful to know your nationality. Link to comment Share on other sites More sharing options...
raro Posted August 1, 2008 Share Posted August 1, 2008 ...would it be a wild assumption that exactly this he doesn't want to - due to the copy cat factor? in that case he should rather ask a trustworthy lawyer than a public board... Link to comment Share on other sites More sharing options...
scyriacus Posted August 4, 2008 Share Posted August 4, 2008 We are about to create a new LTD company with 49% foreigners share holders. We know exactly what we wanna do but we do not know if it is legal for a foreign owned company to do this kind of business.Where can I find a list of what a foreign owned business can do or cannot do ? Any help is much appreciated. there is a rather comprehensive guide available at http://www.bia.co.th/ called "THAILAND BUSINESS GUIDE". in chapter 1 it explains all limitations: quote: "Categories. Businesses covered by the Alien Business Law are divided into Categories A, B and C. Generally those businesses listed in Category A are absolutely prohibited to foreigners unless there is an exception contained in a special law or treaty. Category B businesses owned by aliens which were in existence and actually operating prior to the enactment of the law were permitted to apply for a special Alien Business License and to continue operating. Aliens, however, are not permitted to start new businesses listed in this category unless they obtain special permission from the Board of Investment. The businesses listed in Category C are treated in a manner similar to those in Category B except that the Ministry of Commerce has the power to grant an Alien Business License to foreigners who wish to start a new business." unquote in category A are: (1)Agriculture (a)rice farming (b)salt farming including the manufacture of salt but excluding rock salt mining (2)Commerce (a)internal trade concerning local agricultural products. (b)trade in immovable (real) property. (3)Services (a)accounting (b)law ©architecture (sorry, the copyright sign is introduced automatically by thai-visa editor) (d)advertising (e)brokerage or agency (f)auctioning (g)haircutting, hairdressing and beauty treatment. (4)Other Businesses (a)building construction a rule of thumb is: don't do what the thais can do themselves Link to comment Share on other sites More sharing options...
sunray69 Posted August 6, 2008 Author Share Posted August 6, 2008 We are about to create a new LTD company with 49% foreigners share holders. We know exactly what we wanna do but we do not know if it is legal for a foreign owned company to do this kind of business.Where can I find a list of what a foreign owned business can do or cannot do ? Any help is much appreciated. there is a rather comprehensive guide available at http://www.bia.co.th/ called "THAILAND BUSINESS GUIDE". in chapter 1 it explains all limitations: quote: "Categories. Businesses covered by the Alien Business Law are divided into Categories A, B and C. Generally those businesses listed in Category A are absolutely prohibited to foreigners unless there is an exception contained in a special law or treaty. Category B businesses owned by aliens which were in existence and actually operating prior to the enactment of the law were permitted to apply for a special Alien Business License and to continue operating. Aliens, however, are not permitted to start new businesses listed in this category unless they obtain special permission from the Board of Investment. The businesses listed in Category C are treated in a manner similar to those in Category B except that the Ministry of Commerce has the power to grant an Alien Business License to foreigners who wish to start a new business." unquote in category A are: (1)Agriculture (a)rice farming (b)salt farming including the manufacture of salt but excluding rock salt mining (2)Commerce (a)internal trade concerning local agricultural products. (b)trade in immovable (real) property. (3)Services (a)accounting (b)law ©architecture (sorry, the copyright sign is introduced automatically by thai-visa editor) (d)advertising (e)brokerage or agency (f)auctioning (g)haircutting, hairdressing and beauty treatment. (4)Other Businesses (a)building construction a rule of thumb is: don't do what the thais can do themselves Thank you very much for your precious information but since the company will have 49% "aliens" shares and 51% thai, the company will be Thai so does not enter into the regulations, is that correct ? Link to comment Share on other sites More sharing options...
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