A. Yes. Promotions are offered through responsible government agencies to attract foreign investment. For example, the Board of Investment was founded in order to attract foreign investment.
A. Various – a wide range of advantages, which the government grants to qualified foreigners, both of fiscal and non-fiscal incentives.
A. Yes, if the business of the company is not reserved for Thai nationals. Anyway, if a company's business is regulated under the Alien Business Act 1999, the company must obtain an Alien Operation License from the Ministry of Commerce of Thailand.
A. Yes – in case the company's business regulated is under the Alien Business Act 1999, the company must obtain an Alien Operation License from the Ministry of Commerce of Thailand.
A. Yes. The Alien Business Act 1999 restricts foreigners from having majority ownership of companies engaged in the businesses listed therein.
A. There are many forms of business organisations provided for under Thai Law. They include sole proprietorships, partnerships, branch offices, limited companies and public companies. The registration processes are similar – they depend on what type of business the investor wants to do.
A. Usually about 1 – 2 weeks.
A. At least 7 days from the date of sending the notice.
A. A limited company must have at least 7 shareholders at all times and a public company must have at least 15 shareholders at all times.
A. No minimum requirement.
A. At least once a year.
A. Shareholders can appoint proxies to attend meetings in their stead, unless otherwise prohibited by the Articles of Association (By-laws).
A. The minimum requirement is 25 percent of the par value.
A. 5 Baht per share.
A. Super majority vote is required by Thai Law for certain matters as well as for other matters stipulated in the Articles of Association (By-laws).
A. They can be freely transferred, unless stipulated otherwise by the Articles of Association (By-laws).
A. No. The agreements are regarded as private agreements enforceable between/among the parties.
A. No. However, it is recommended.
A. Yes, as long as the provisions are not prohibited by law, are impossible or are contrary to public order or good morals.