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What is the maximum percentage of registered capital foreigners are able to hold for a business in Thailand?
Under the Foreign Business Act B.E. 2542 (1999), which controls investments made by foreigners, a company is deemed foreign or alien if 50% of the registered capital is held by foreigners.
The use of Thais as nominee shareholders by foreigners is strictly prohibited
The Foreign Business Act B.E. 2542 (1999), Section 36, prescribes that a Thai national or a juristic person, not being a foreigner under this Act,
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