There are several benefits to Registering your Company in Thailand with Foreign-Owned Majority (FBL) status. As long as you have the minimum capital required, you can do business in Thailand. FBL companies are also more likely to offer you better work permit ratios than Thai companies. But it is important to remember that these benefits do not come without a price – you will have to pay high taxes.
Obtaining 100% non-Thai control of a Thai company
In Thailand, it is possible for a foreigner to hold 100% non-Thai control of 80% or more of a limited company. The laws governing foreign ownership of a company differ from those in other countries, so it is essential to consult an attorney to ensure that the ownership of a Thai company is legitimate. In this article, we will look at some of the most common ways to acquire 100% non-Thai control of a Thai company.
The Civil and Commercial Code and the PLC-Act are two important laws that govern foreign ownership of Thai companies. If a Thai company is owned by a foreign company, a representative of that company must obtain a foreign business license and register the shares in the Thai Land Registry. This step is required for any foreign company with a majority of Thai shareholders. In addition, a Thai company’s representative office must obtain a foreign business license in order to conduct business.
Obtaining a Certificate of Business Operations (CBO)
Obtaining a CBO when registering your company in Thailand with a foreign-owned majority will accelerate the process of applying for a foreign business license. Getting approval from the Thai BOI will also expedite the process of obtaining a foreign business license. There are two ways to get approval: either by filing for an FBL or obtaining a CBO.
Before obtaining a CBO, make sure you know your business’s capital requirements. Thai law requires that foreign-owned companies have at least three million baht in registered capital. However, there are some exemptions that allow foreign-owned companies to operate in Thailand with a majority of foreign-owned directors and shareholdings. This article will provide a basic understanding of how to obtain a CBO and how to get one when registering your company in Thailand with a foreign-owned majority.
Obtaining a Foreign Business License (FBL)
The FBA is required when a foreigner is the majority shareholder of a Thai company. The FBA does not apply to companies that have only Thai shares, such as a limited-liability corporation. Foreigners may own up to 49 per cent of Thai companies in certain markets, such as the Thai-Australia Trade Agreement. In order to obtain an FBL, a foreign-owned majority company in Thailand must meet certain criteria and have a minimum amount of capital. Listed business activities require a minimum capital amount of THB 3 million, while other activities require less than THB 2 million.
An FBL must be obtained before a foreign entity may engage in certain activities, such as selling or importing goods. These activities must be approved by the Thai government. The FBA process is overseen by the Foreign Business Committee, which is made up of representatives of the Director-General of the Department of Business Development, the Industrial Estate Authority of Thailand, and the Board of Investment. Certain nations can obtain free-trade agreements, which may make it easier to acquire an FBL.