Supply Chain Focus - Discussion Forum - Supply Chain & Logistics Online Community - View Single Post - Foreign Business Ownership Laws Changing in Thailand

Tom Case · 27 January 07, 01:44

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?

27 January 07, 01:44	#1 (permalink)
Tom Case Member Join Date: Jan 2007 Posts: 1	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?