What is the most common type of business designation for foreign ownership?
A Private Limited Company is the most frequently registered type of business. Can foreigners hold 100% ownership of a business in Thailand? The Foreign Business Act 1999, formerly known as The Alien Business Law, restricts business activity of non-Thai “aliens” by classifying businesses into three categories: Businesses in list one are generally closed to foreigners. Businesses in lists two and three generally require an Alien Business License for a foreigner to own and operate them. Is it ever possible for foreigners to own other types of businesses? The Board of Investment (BOI) has the authority to grant promotional privileges to foreign businesses so that they may engage in otherwise prohibited commercial ventures. Similarly, foreigners who have been granted permission by the Thai Government or by agreement with the Thai and a foreign government may be exempt from the Alien Business Law. Also it is possible for certain otherwise restricted businesses to obtain an Alien Business Lic
