The Foreign Business Act, nominee shareholding, land rights, and the law behind foreign business ownership in Thailand.
Foreigners can’t own land in Thailand. That’s the blunt version, and for most people it’s true. But there are a few legal exceptions, and if you’re setting up a business here, one of them runs straight through the BOI.
The 49/51 company with silent Thai shareholders is a criminal offence if they are nominees. Here is why it is illegal, how enforcement is tightening, and how BOI promotion gives you the same full ownership legally.
Foreigners are usually capped at 49% of a Thai company. Here are the three legal routes to majority or full ownership, BOI promotion, the US Treaty of Amity, and a Foreign Business License, and the illegal shortcut to avoid.