Quote:
Originally Posted by naemlo
10% is for locals.... foreigner varies from 10-30% depending on developer.
All companies need 51% Thais but BOI approved company can be 100% foreign owned. BTW, If u know how an actual XXX co. ltd. works then it is stupid to incorp a dummy corp.  |
BOI approval only allows foreign companies in certain new industries, like biotech, AI, etc. Not for investment / real estate holding company. And nowadays thai govt scrutinize foreign companies more. Last time no questions asked after company is formed properly. Now occasionally will have govt people question about foreign ownership and control of companies in thailand, even if 51% thai owned.