THAILAND FOREIGN TRADING LIMITATION
“ Foreign companies allowed only maximum 49% incorporation ”
According to Foreign Business Act B.E. 2542 (1999) (or FBA), wide range of business, commercial and industrial activities carried out by foreigners are not allowed unless a relevant license has been obtained or an exemption applies. Without exemption permit, foreign business is entitled to only maximum of 49% share ownership. However, in GEMOPOLIS, which is in Bangkok, foreign business the prefer to stay close to downtown Bangkok is eligible to incorporate the 100% foreign own company.
Not only that, foreign business is allowed to own land freehold in GEMOPOLIS for the purpose of manufacturing and trading. As such, the monetization from the property is allowed… Recuperation from the….