Can my uncle open a business in Thailand under his name with just a business license and tax file?

Business Ownership in Thailand Thai Business License Foreign Investment in Thailand Thai Company Registration Work Permit Thailand Visa Requirements for Business in Thailand

May 23, 2018

7 years ago

Mohammad ********

ORIGINAL POSTER

Hi friends, I have a question, please can any one can help me qith the answer? My uncle wants to open a business in Thailand, so I contact a agent who helps with the making business there. But the problem is my uncle wants to open business under his name. So the agent said first I need to open a business license with tax file... then he can do anything with that license and file, as like he can open business under his license and can buy land under that license to make business building....

Is it true ?

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TLDR : Answer Summary

The process of opening a business in Thailand is more complex than merely obtaining a business license and a tax file. Generally, foreign individuals, including your uncle, must hold a B Visa and acquire a work permit if they intend to work or supervise the business. Additionally, Thai companies typically require that 51% of shares are owned by Thai nationals, with exceptions for American citizens under the Treaty of Amity and for those operating under the Board of Investment (BOI) regulations. The comments emphasize the need for proper legal and accounting guidance as well as a significant amount of documentation for company registration.

Tod *********

unfortunately this is not all that thai visa related :/ It is thai related but not so much about the visas or extensions.

7 years ago

Joe ***********

The uncle will have to get a B Visa and if he wants to do any work or supervision he will have to get a work permit.

7 years ago

Joe ***********

Forming the business will take a lot more than a "business license" and a tax file. Thai Registered Companies require considerable documentation starting with the Company Certificate with the detail of share ownership, designation of Director(s), usually 2 Thai Partners having 51% of the shares.

Americans are exempt of Thai Partners if the Company is formed under the Treaty of Amenty. Board of Investment Companies have different rules. A BOI knowledgable person will have to explain.

7 years ago

Robert *******

Compagnie must be party in Thai hands, 51 % of the shares are in Thai hands and 49 % can be in foreign hands, unless you're American citizen or using the Board for Investment.

7 years ago

Joe ***********

Regardless of other factors the uncle will have to be in Thailand on at least a Tourist Visa to have enough time to deal with the lawyers, accountants and government bureaus

7 years ago

Robert *******

First time I hear that you can open a company LTD with 100% shares as a foreigner. But at least the second part, it will give problems in the future gives me the idea that the story is not correct.

7 years ago

Reply to

Robert *******

Ansel ********

Not true as far as I know.

7 years ago

Reply to

Ansel ********

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