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Can foreign citizens purchase shares of an existing Thai company which owns land?

April 26, 2017citizens COMPANY existing foreign land owns purchase Shares Thai

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Can foreign citizens purchase shares of an existing Thai company which owns land?

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Yes. However, a majority of the shares of a Thai corporation must be owned by Thai citizens (with limited exceptions). A change of ownership of any shares of a Thai corporation must be registered with the Ministry of Commerce (Form Bor. or. Jor 5).