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 ?
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.