Thai Limited Companies

Foreigners can own up to 49% of the shares in a Thai company and currently these shares can be designated as preference shares with 10 votes per share, plus rights to a majority of dividend income, compared to the Thai ordinary shares with one vote per share and minimal income rights. This gives the foreign investor effective control. However the investor needs a minimum of six shareholders and this needs to be genuine Thai investors, not “nominees”. For this reason it is often difficult to establish an effective Thai company for non resident investors.