{"id":17112,"date":"2026-04-03T16:09:05","date_gmt":"2026-04-03T09:09:05","guid":{"rendered":"https:\/\/belaws.com\/thailand\/?p=17112"},"modified":"2026-04-03T16:09:05","modified_gmt":"2026-04-03T09:09:05","slug":"nominee-shareholding-structures","status":"publish","type":"post","link":"https:\/\/belaws.com\/thailand\/nominee-shareholding-structures\/","title":{"rendered":"Thailand Targets Nominee Shareholding Structures"},"content":{"rendered":"<section  class='av_textblock_section av-ks8kyyfa-e516bae24dd4ed4f78e7dedb0aea1067'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock breadcrumb'  itemprop=\"text\" ><nav aria-label=\"breadcrumbs\" class=\"rank-math-breadcrumb\"><p><span class=\"last\">Home<\/span><\/p><\/nav>\n<\/div><\/section>\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='av_section_1'  class='avia-section av-re718-f933e9e3a470259eecd4d4692aaacea2 main_color avia-section-no-padding avia-no-border-styling  avia-builder-el-1  el_after_av_textblock  el_before_av_section  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-17112'><div class='entry-content-wrapper clearfix'>\n<div class='flex_column av-gmj0k-ac56bb06b98c278ca7684f46c4d7723e av_one_half  avia-builder-el-2  avia-builder-el-no-sibling  first av-break-at-tablet flex_column_div '   ><p><section  class='av_textblock_section av-kscys0p5-d0fe1da2549b5d38fb08e5d3e4dbc794'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock sur-titre_bleu'  itemprop=\"text\" ><p>Legal<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lra90-9ab3f8d48a81ed396ae07bbaafa596f6'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h1_bleu_post'  itemprop=\"text\" ><h1><b>Thailand Targets Nominee Shareholding Structures: DBD Proposes New Registration Rules<\/b><\/h1>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-b3jfo-03f63b84c9a76d84e1713c05a87923fd\">\n#top .hr.hr-invisible.av-b3jfo-03f63b84c9a76d84e1713c05a87923fd{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-b3jfo-03f63b84c9a76d84e1713c05a87923fd hr-invisible  avia-builder-el-5  el_after_av_textblock  el_before_av_post_metadata '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1fxfaa0-c49fa684a6192235599f3a9c6aa1ca4f\">\n#top .av-post-metadata-container.av-1fxfaa0-c49fa684a6192235599f3a9c6aa1ca4f{\ncolor:#1a4367;\n}\n<\/style>\n<div  class='av-post-metadata-container av-1fxfaa0-c49fa684a6192235599f3a9c6aa1ca4f av-metadata-container-align-left  avia-builder-el-6  el_after_av_hr  el_before_av_hr  av-metadata-container-1'><div class='av-post-metadata-container-inner'><span class=\"av-post-metadata-content av-post-metadata-meta-content\"><span class=\"av-post-metadata-content av-post-metadata-modified\"><span class=\"av-metadata-before av-metadata-before-modified\">Latest Update : <\/span><span class=\"av-post-metadata-modified-date\" >April 3, 2026<\/span><\/span><span class=\"av-post-metadata-content av-post-metadata-separator\">- <\/span><span class=\"av-post-metadata-content av-post-metadata-published\"><span class=\"av-metadata-before av-metadata-before-published\">Published date : <\/span><span class=\"av-post-metadata-published-date\" >April 3, 2026<\/span><\/span><\/span><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-l1i61b-b638cf78cf2defb439fa7b43920ddd8e\">\n#top .hr.hr-invisible.av-l1i61b-b638cf78cf2defb439fa7b43920ddd8e{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-l1i61b-b638cf78cf2defb439fa7b43920ddd8e hr-invisible  avia-builder-el-7  el_after_av_post_metadata  avia-builder-el-last '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><\/p><\/div><\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='av_section_2'  class='avia-section av-2sy44gf-b85efb8a63a5ca1cffa5f51f315b8ae9 main_color avia-section-no-padding avia-no-border-styling  avia-builder-el-8  el_after_av_section  el_before_av_section  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-17112'><div class='entry-content-wrapper clearfix'>\n<div class='flex_column av-26c250v-2498f3325c476c824236a14a4246c355 av_one_half  avia-builder-el-9  el_before_av_one_half  avia-builder-el-first  first av-break-at-tablet flex_column_div '   ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1nn86a7-d8665865f6de631cfe13c489486f9f9a\">\n#top .av_textblock_section.av-1nn86a7-d8665865f6de631cfe13c489486f9f9a .avia_textblock{\ncolor:#ffffff;\n}\n<\/style>\n<section  class='av_textblock_section av-1nn86a7-d8665865f6de631cfe13c489486f9f9a'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock post_text_highlighting av_inherit_color'  itemprop=\"text\" ><p>TL;DR: Thailand is increasing enforcement against nominee shareholder structures used to bypass foreign ownership restrictions. These arrangements are illegal under the Foreign Business Act and carry serious penalties. Foreign investors should review their company structure and consider compliant alternatives such as BOI promotion or a Foreign Business License.<\/p>\n<\/div><\/section><\/div><div class='flex_column av-18h9ojz-6f4d6618a8333e3016d6ea158b9a1bcd av_one_half  avia-builder-el-11  el_after_av_one_half  avia-builder-el-last  av-break-at-tablet flex_column_div '   ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lca433-41f476089ea36012d0e880b96b5f4d4f\">\n.avia-image-container.av-lca433-41f476089ea36012d0e880b96b5f4d4f .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lca433-41f476089ea36012d0e880b96b5f4d4f av-styling- avia-align-center  avia-builder-el-12  avia-builder-el-no-sibling  radius_10 img'  itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-17114 avia-img-lazy-loading-not-17114 avia_image' src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2026\/04\/nominee-shareholder-structure-thailand-foreign-ownership.png\" alt='Investment opportunities in Thailand' title='Investment opportunities in Thailand'  height=\"800\" width=\"990\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2026\/04\/nominee-shareholder-structure-thailand-foreign-ownership.png 990w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2026\/04\/nominee-shareholder-structure-thailand-foreign-ownership-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2026\/04\/nominee-shareholder-structure-thailand-foreign-ownership-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2026\/04\/nominee-shareholder-structure-thailand-foreign-ownership-15x12.png 15w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2026\/04\/nominee-shareholder-structure-thailand-foreign-ownership-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2026\/04\/nominee-shareholder-structure-thailand-foreign-ownership-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2026\/04\/nominee-shareholder-structure-thailand-foreign-ownership-705x570.png 705w\" sizes=\"(max-width: 990px) 100vw, 990px\" \/><\/div><\/div><\/div><\/div><\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='av_section_3'  class='avia-section av-3a8r8sf-104b63d9b06a901b648116e87f5a56ad main_color avia-section-no-padding avia-no-border-styling  avia-builder-el-13  el_after_av_section  el_before_av_section  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-17112'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2yq2ty7-7b3d54cce20097145b0ebe290f1c0b27\">\n#top .hr.hr-invisible.av-2yq2ty7-7b3d54cce20097145b0ebe290f1c0b27{\nheight:100px;\n}\n<\/style>\n<div  class='hr av-2yq2ty7-7b3d54cce20097145b0ebe290f1c0b27 hr-invisible  avia-builder-el-14  el_before_av_one_full  avia-builder-el-first  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div class='flex_column av-2p3t4in-0fc14347ffb7c82350dd11278869d44f av_one_full  avia-builder-el-15  el_after_av_hr  avia-builder-el-last  first av-break-at-tablet flex_column_div '   ><p><section  class='av_textblock_section av-2254r27-2e2131946130608a954793d197b72f11'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_18'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Thailand\u2019s Department of Business Development (DBD) is continuing its crackdown on the use of nominee shareholders as a way to bypass the Foreign Business Act. The DBD recently identified more than 75,000 companies operating in sectors restricted under Thai law where foreign investors hold less than 50 percent of the shares.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While many of these structures may be legitimate, the authorities are concerned that some may involve Thai nationals acting as nominee shareholders to hide effective foreign ownership or control.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-1flin7j-7d8530e519f84d22de8d94e6e904dd5b'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_18'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Nominee shareholding is strictly prohibited under the Foreign Business Act B.E. 2542 (1999), and both the foreign investor and the Thai nominee may face criminal penalties if caught.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To address these concerns, the DBD has proposed new procedures to review certain changes in companies and partnerships where foreign investors are involved.<\/span><\/p>\n<\/div><\/section><br \/>\n<div  class='avia-button-wrap avia-button-left  avia-builder-el-18  el_after_av_textblock  avia-builder-el-last  bouton-cta' ><a href=\"https:\/\/wa.me\/+66636955945\" class=\"avia-button av-rpwzzz-94c0d87d5691cb861d543a82706772cd avia-icon_select-yes-right-icon avia-size-large avia-position-left avia-color-theme-color\" target=\"_blank\" rel=\"noopener noreferrer\"><span class='avia_iconbox_title' >Talk to an expert<\/span><span class='avia_button_icon avia_button_icon_right' aria-hidden='true' data-av_icon='\uf232' data-av_iconfont='entypo-fontello'><\/span><\/a><\/div><\/p><\/div><\/div><\/div><\/div><!-- close content main div --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kscyoqk4-666a58ff317ddf61a5914fb400fd87f4\">\n.avia-section.av-kscyoqk4-666a58ff317ddf61a5914fb400fd87f4{\nbackground-color:#fafafa;\n}\n<\/style>\n<div id='av_section_4'  class='avia-section av-kscyoqk4-666a58ff317ddf61a5914fb400fd87f4 main_color avia-section-default avia-no-border-styling  avia-builder-el-19  el_after_av_section  el_before_av_section  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-17112'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ksd2ivxm-023071e5c33e5c283329416739e1beb3\">\n#top .hr.hr-invisible.av-ksd2ivxm-023071e5c33e5c283329416739e1beb3{\nheight:60px;\n}\n<\/style>\n<div  class='hr av-ksd2ivxm-023071e5c33e5c283329416739e1beb3 hr-invisible  avia-builder-el-20  el_before_av_two_third  avia-builder-el-first  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div class='flex_column av-fpevw-aab8acce1826d370629f645f34d6bd3b av_two_third  avia-builder-el-21  el_after_av_hr  el_before_av_one_third  first av-break-at-tablet flex_column_div '   ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2aclui-2fabfe8b613831a5c849b3ef4e2a1686\">\n#top .av_textblock_section.av-2aclui-2fabfe8b613831a5c849b3ef4e2a1686 .avia_textblock{\ncolor:#ffffff;\n}\n<\/style>\n<section  class='av_textblock_section av-2aclui-2fabfe8b613831a5c849b3ef4e2a1686'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock post_text_highlighting av_inherit_color'  itemprop=\"text\" ><h2 style=\"text-align: left;\">Key Points<\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Department of Business Development (DBD) has identified over 75,000 companies in restricted sectors where foreign investors hold less than 50% ownership, raising concerns that some structures may involve illegal nominee shareholders used to bypass the Foreign Business Act (FBA).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Nominee shareholding is illegal in Thailand<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The DBD has proposed new verification procedures for certain company changes involving foreign participation. Thai directors or partners may need to appear in person and confirm they are genuine shareholders, not nominees.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Routine corporate amendments such as appointing foreign directors or changing signatory authority may face additional scrutiny.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">100% foreign ownership may be possible through options such as BOI promotion, a Foreign Business License, IEAT\/EEC incentives, or the Treaty of Amity.<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-893pgz-417cf0891102d15fa8bff673921feb47\">\n#top .hr.hr-invisible.av-893pgz-417cf0891102d15fa8bff673921feb47{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-893pgz-417cf0891102d15fa8bff673921feb47 hr-invisible  avia-builder-el-23  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-mde7exf4-5f62bc650f73ca7d9877967c9f984417'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2><b>What are Nominee Shareholders?<\/b><\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-8ohy4-ba2bc652f51fc02aca7b4faa3ec86cd2'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">A nominee shareholder is a Thai person or company that is registered as a shareholder in a company but does not actually have any real financial stake or interest in the company. Essentially, the nominee shareholder holds the shares on behalf of a foreigner who is the actual owner.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mfdp5lk5-a5ce7876f5269c7072927ece9226a5c1'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Foreign investors often consider using nominee shareholders in Thailand to circumvent restrictions under the Foreign Business Act (FBA), which limits foreign ownership in many business sectors to less than 50%. By using a Thai nominee shareholder, a foreign investor can create the appearance of local majority ownership while still maintaining full control over the business through hidden agreements or side contracts.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mhiqwsor-830ffd80b3694e8d4f5d9e7ea0540ed3'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">The use of nominee shareholders by foreigners is strictly prohibited under Thailand\u2019s Foreign Business Act (FBA) as it allows foreigners to avoid the restrictions on foreign ownership and control of businesses.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Read more:<\/span><\/p>\n<p><a href=\"https:\/\/belaws.com\/thailand\/foreign-business-act-in-thailand\/#:~:text=The%20Foreign%20Business%20Act%20restricts,effective%20control%20of%20the%20company.\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Understanding the Foreign Business Act<\/span><\/a><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4kqdwh-d156379769ec73d7c5a29c66acd293c0'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">A nominee shareholder can be described as follows:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Registered as a shareholder but does not invest any money or have the means to pay for the shares<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Has no beneficial interest in the company and no real control\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Merely facilitates the registration of the company as a Thai company to avoid foreign business restrictions<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Holds shares on behalf of a foreigner who is the actual owner, making the company majority foreign-owned in reality<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4kqq8q-7c64e09a9bc6f13c0d7a93a62cf6b23f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">The FBA imposes significant penalties, including fines and imprisonment, for both the nominee shareholder and the foreign investor.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Foreign investors should also be careful when using preference share structures that give foreign shareholders extra voting or dividend rights. Thai authorities often consider the use of preference shares as a sign of a nominee structure. In the event of an investigation, authorities may question why a Thai shareholder holds a majority stake while receiving fewer dividends or having little control over the company.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4kr3pc-5e4cc53f1da76aff85250447d0e49e4c'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><span style=\"font-weight: 400;\">What is Considered A Foreign Owned Business in Thailand?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The FBA restricts foreigners and foreign-owned companies from operating in more than 50 categories of business activities in Thailand. But how does the FBA define a \u201cforeigner\u201d or a \u201cforeign-owned company\u201d?<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4kravy-f55e2e86eccb1b783172ba50a97ad458'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Section 4 of the FBA states the following:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">1) A natural person who is not of Thai nationality or;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A juristic person not registered in Thailand or;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A juristic person registered in Thailand, being of the following descriptions:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Being a juristic person at least one-half of capital shares of which are held by persons under (1) and (2) or a juristic person in which over 50% of the total capital investment has been placed by the persons under (1) or (2); and<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Being a limited partnership or a registered ordinary partnership, the managing partner or the manager, of which is the person under (1).<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A juristic person registered in Thailand with at least one-half of the capital shares of which are held by persons under (1), (2) or (3) or a juristic person in which investment has been placed by the persons under (1), (2) or (3) in the amount at least equivalent to one half of the total capital thereof.<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1t2khoa-fab8689ad358047e7c82a6868a60650c\">\n#top .hr.hr-invisible.av-1t2khoa-fab8689ad358047e7c82a6868a60650c{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-1t2khoa-fab8689ad358047e7c82a6868a60650c hr-invisible  avia-builder-el-32  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-mhiovcjp-32f9f18bfaa238a5d3d1455316f0058f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2><b>What is the New Draft Order Proposed by the Department of Business Development?<\/b><\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mfdp5zpl-e5ee349523ded17c2c7074b46e387101'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>The Department of Business Development has introduced a draft registration order that would introduce additional procedures when partnerships or companies amend their company structure after incorporation to include foreign participants or foreign authorized directors.<\/p>\n<p><span style=\"font-weight: 400;\">The proposed measure focuses on companies where such business structures could potentially be used to bypass foreign ownership restrictions under the Foreign Business Act.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mhiovr83-5f6ab98aa8b82bbbc840634ac9215927'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>The draft rules would introduce mandatory in-person verification procedures for certain corporate amendments. These procedures would complement existing registration safeguards, such as financial verification requirements that may already apply during the incorporation of companies with foreign involvement.<\/p>\n<p><span style=\"font-weight: 400;\">The aim is to confirm that Thai participants listed in company records genuinely participate in the business and are not acting on behalf of foreign investors.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mhiqyclk-105e2fa0085770c17799a10b3f496e29'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><span style=\"font-weight: 400;\">Proposed Rules for Registered Partnerships<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Under the draft proposal, additional verification procedures may apply when a registered partnership modifies its partner structure where:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A partnership originally consisted entirely of Thai partners, or<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The partnership previously had foreign partners holding 50 percent or more of the partnership capital, and<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A proposed amendment results in foreign partners collectively holding less than 50 percent of the capital.<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mhiqylja-4015b3243f9e40987bb54bf246703750'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">In these circumstances, the registrar may require all existing partners and incoming Thai partners to appear in person and present valid identification, such as a national ID card or other official photographic identification. They may also be asked to sign formal declarations confirming that they are genuine partners and not acting as nominees for foreign investors.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mniod7ao-63753c9d805cccf8a3bf543365b68a64'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><span style=\"font-weight: 400;\">Proposed Rules for Limited Companies<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The draft proposal also addresses changes involving <\/span><b>a<\/b><span style=\"font-weight: 400;\">uthorized directors of limited companies. The new requirements may apply when:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">All current authorized directors are Thai nationals, and<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A proposed amendment would result in a foreigner becoming an authorized director or co-signatory with authority to bind the company<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mniodek8-248a43f017d0ea1426939be7f2c4d5f9'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Where such changes occur, the registrar may require existing directors and incoming Thai directors to appear in person at the registration office. They must present valid identification documents and may also be required to sign formal declarations confirming that they are participating in the company in their own capacity and not acting on behalf of foreign investors.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1oinv3v-29d9e6a8d0376c7576c6e618e020b121\">\n#top .hr.hr-invisible.av-1oinv3v-29d9e6a8d0376c7576c6e618e020b121{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-1oinv3v-29d9e6a8d0376c7576c6e618e020b121 hr-invisible  avia-builder-el-40  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-mfnu5jfp-1ecd721722316dc444de9f62276fbf6d'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Are There Any Exceptions Available?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mhiozntw-614e75df1197bac9d2a55cee0e59d143'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">The draft order also recognises that there may be situations where being able to complete the in-person procedures is difficult or impractical, for example directors being located abroad.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In these cases, the registration may still be processed if the applicant can demonstrate reasonable grounds explaining why the standard procedure cannot be followed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Approval would need to be granted by designated senior officials within the Department of Business Development. These officials may include directors responsible for business registration divisions or other relevant administrative units.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mfz3sd5a-0212265891dac649c7d8a6197133f3da'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">This exception allows the authorities to maintain flexibility while still being able to monitor any changes involving foreign participation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The proposed order is currently subject to a public consultation process. The consultation period began on 29 February 2026 and is scheduled to conclude on 13 March 2026. During this period, stakeholders can submit feedback on the draft proposal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Following the consultation phase, the DBD will review comments and may revise the draft before issuing a final version.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the order proceeds without any major changes, the draft order could be implemented in early April 2026, although this depends on the formal approval process.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-500h98f-e3757a8bb9d8bccb8362fb85cbca97d7\">\n#top .hr.hr-invisible.av-500h98f-e3757a8bb9d8bccb8362fb85cbca97d7{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-500h98f-e3757a8bb9d8bccb8362fb85cbca97d7 hr-invisible  avia-builder-el-44  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-mfdpokkn-fc5cb916c61f0168342a1aba1a0aeeca'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>How will this Affect Businesses in Thailand?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mde7j11w-e375dbdf26dd2b3530f0ee09bcb24afa'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">The proposed measures could affect companies and partnerships in Thailand where foreign investors are involved but hold less than 50 percent of the shares. Companies operating in sectors restricted under the Foreign Business Act may therefore experience greater scrutiny when modifying their corporate structures.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If introduced, additional verification may apply when companies make certain corporate changes. For example, appointing a foreign director with signatory authority, changing the list of authorized directors, or introducing a foreign partner into a previously Thai-only partnership may require Thai directors or partners to appear in person and confirm that they are genuine participants in the business.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4l353f-f54a9ea453aefced57a83b947ba205be'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">As a result, even simple amendments such as restructuring the board of directors, updating signatory authority for banking purposes, or adding foreign management personnel may involve additional verification during the registration process.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-hl6ura-f9d5be1d3df2b104c0d62cdf5ae4477f\">\n#top .hr.hr-invisible.av-hl6ura-f9d5be1d3df2b104c0d62cdf5ae4477f{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-hl6ura-f9d5be1d3df2b104c0d62cdf5ae4477f hr-invisible  avia-builder-el-48  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-m8foyfeu-71947efd2d6eb09c93152cb9ca5dcba5'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Why This Development is Important<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mdo7b063-be08e5efdc07b6faae707ff90b460b0e'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">In recent years, Thai authorities have increased enforcement efforts against nominee shareholding arrangements. Government agencies have improved cooperation and data sharing to identify companies where the registered shareholding structure may not properly reflect the individuals who control or benefit from the business.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For foreign investors, this development highlights the importance of properly structuring their business in Thailand. Companies relying on informal arrangements or nominee shareholders may face increasing scrutiny, especially when making corporate amendments or changes to management authority.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mfamcqka-add983c47e61e773f8f5dc75fe3b4987'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Taking the time to structure a company correctly can help foreign investors avoid regulatory\u00a0 issues due to the increased crackdowns on nominee shareholders. Our experts can review your business model and advise on suitable ownership structures, including whether 100% foreign ownership may be available through Board of Investment promotion or a Foreign Business Licence.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2fnm19s-7c7d5f8ce606295d6593227988bef52e\">\n#top .hr.hr-invisible.av-2fnm19s-7c7d5f8ce606295d6593227988bef52e{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-2fnm19s-7c7d5f8ce606295d6593227988bef52e hr-invisible  avia-builder-el-52  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-ugt3ov-0e73f2563c116087b489cae78390c46c'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Can a Company With Nominee Shareholders be Restructured?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mhir3g2u-6c7d93ecc645e33936e683b624ec7263'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">If your Thai company was originally structured using nominee shareholders, you may now face significant legal and financial risks. Thai authorities have increased enforcement against nominee arrangements that do not comply with the Foreign Business Act, particularly where the Thai shareholder has not made a genuine financial investment or does not receive a real economic benefit from the company.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mhir3nrt-6bc545895cfcc4050d6c7ae11e464a98'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">To reduce their risk, companies should consider restructuring their shareholding arrangements to reflect genuine ownership. One option is to introduce a legitimate Thai partner who actively participates in the business. When introducing a new Thai shareholder, it is important that they make a real financial investment, that any share transfers are properly documented with traceable payments, and that the shareholder receives a fair share of dividends or other financial returns. The structure must reflect genuine commercial participation rather than a purely formal arrangement.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mhir3tuu-aae8ffca5f4d3499a7ff97a4f4c90ce2'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Restructuring a company requires careful planning to protect both the business and its shareholders. With the right legal guidance, foreign investors can restructure their company while continuing to operate their business with confidence.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you have concerns about your current shareholding structure or are considering restructuring your company, our team can review your situation and advise on practical options for your business.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2fhczsy-215060e0f34bcdd2995018d4c371f867\">\n#top .hr.hr-invisible.av-2fhczsy-215060e0f34bcdd2995018d4c371f867{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-2fhczsy-215060e0f34bcdd2995018d4c371f867 hr-invisible  avia-builder-el-57  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-mhir47uj-d5e055d5c89d954d8ee8f1600f389b32'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>What are Some Alternate Options to using Nominee Shareholders?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mghps835-8e9da67c42068d05f742a6522bf86d79'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Although many business activities in Thailand are restricted for foreign ownership, foreign investors still have several legitimate options available. Instead of relying on nominee shareholders, businesses can structure their operations through legal frameworks that allow foreign ownership.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mhir4o54-51ea54197e4767e7bae59405ffeebb18'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><span style=\"font-weight: 400;\">Foreign Business License (FBL)<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">A Foreign Business License (FBL) is a licence awarded to foreign companies or investors who wish to engage in business activities typically restricted to Thai companies under the Foreign Business Act. The FBL allows foreign owned businesses to operate legally in Thailand and participate in certain industries or sectors otherwise limited to Thai citizens.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, it is important to be aware that in practice it is very difficult to obtain a FBL and in practice, very few FBLs are awarded.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Read more:<\/span><\/p>\n<p><a href=\"https:\/\/belaws.com\/thailand\/obtaining-a-foreign-business-license\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Foreign Business License in Thailand \u2013 Ultimate Guide<\/span><\/a><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mniojmv9-75aadc350c40f73432d97e18cf9b0abe'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><span style=\"font-weight: 400;\">BOI Promotion<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Thailand\u2019s Board of Investment (BOI) is a government agency responsible for promoting foreign investment in sectors that support Thailand\u2019s economic development. Businesses that qualify for BOI promotion may benefit from a range of benefits that are not available to standard Thai companies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These incentives can include 100 percent foreign ownership, allowing foreign investors to operate businesses in sectors that would otherwise be restricted under the Foreign Business Act. BOI-promoted companies may also benefit from reduced work permit requirements, including exemptions from the usual foreign employee quotas.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Certain projects may also receive corporate income tax incentives, the availability and duration of these tax benefits depend on the specific promotion category and are not available for all projects.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Read more:<\/span><\/p>\n<p><a href=\"https:\/\/belaws.com\/thailand\/why-a-boi-promotion-can-help\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Why a BOI Promotion in Thailand Can Help Your Business<\/span><\/a><\/p>\n<p><a href=\"https:\/\/belaws.com\/thailand\/thailand-tax-incentives-from-the-boi\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Thailand Tax Incentives for Foreign Investors from the BOI<\/span><\/a><\/p>\n<p><a href=\"https:\/\/belaws.com\/thailand\/boi-business-activities\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Discover the Qualifying Business Activities for a BOI Promotion in Thailand<\/span><\/a><\/p>\n<p><a href=\"https:\/\/belaws.com\/thailand\/boi-company-formation\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">BOI Company Formation in Thailand<\/span><\/a><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mniok1tl-c62e1a92829c2a4b4a17fe86f7ded264'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><span style=\"font-weight: 400;\">IEAT &amp; EEC\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The Industrial Estate Authority of Thailand (IEAT) and the Eastern Economic Corridor (EEC) both provide the possibility for foreign ownership and tax incentives. However, their scope is much more limited than that of the BOI.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">IEAT<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">The Industrial Estate Authority of Thailand (IEAT) is a government organisation that oversees, plans and promotes industrial estates throughout the country. The IEAT provides a range of services and benefits, including:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">100% foreign ownership<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Helping identify suitable locations based on a company\u2019s needs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Streamlining the process of acquiring land (purchase or lease) within the estates.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Streamlining the process of acquiring visas and work permits.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Assistance opening a bank account<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Offering tax and non-tax incentives for businesses operating within the estates.<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mniok92o-a1dd0cecf39b2222970b43d2554b9e89'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h4><span style=\"font-weight: 400;\">EEC<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">The Eastern Economic Corridor initiative covers three provinces along the Eastern Seaboard, Rayong, Chonburi, and Chachoengsao. The EEC plans to make these provinces a hub for innovation and industry and promote the following goals:<\/span><\/p>\n<h3><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Become a centre for high-tech industries and services.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Improve connections throughout the region by land, sea, and air.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Attract foreign businesses with special benefits and incentives.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Develop \u201csmart cities\u201d with advanced infrastructure.<\/span><\/li>\n<\/ul>\n<h3><\/h3>\n<p><span style=\"font-weight: 400;\">Companies who are eligible to launch a business within the EEC can get advantages like 100% foreign ownership, tax breaks, reduced requirements for obtaining visas and work permit,\u00a0 and the chance to own land outright (which is usually restricted for foreign businesses in Thailand).<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mniokimr-bfab9efc509d1754167d00bcfb303301'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><span style=\"font-weight: 400;\">Treaty of Amity<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">U.S. citizens can operate 100% foreign-owned businesses under the Treaty of Amity. The Thai-U.S. Treaty of Amity and Economic Relations, commonly referred to as the Treaty of Amity, is a special economic bond between the United States and Thailand. This treaty allows U.S. citizens and businesses incorporated in the U.S., or those majority-owned by U.S. citizens, to enjoy certain privileges when operating in Thailand.<\/span><\/p>\n<h4><\/h4>\n<p><span style=\"font-weight: 400;\">The treaty grants national treatment, enabling American companies to engage in business activities on similar terms as Thai companies and exempting them from most restrictions on foreign investment imposed by the Foreign Business Act of 1999.\u00a0<\/span><\/p>\n<h4><\/h4>\n<p><span style=\"font-weight: 400;\">Read more:<\/span><\/p>\n<p><a href=\"https:\/\/belaws.com\/thailand\/thai-us-treaty-of-amity\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">The Thai-U.S. Treaty of Amity: Everything You Need to Know<\/span><\/a><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mniokt7a-3098fb83360ac0c7aab00a4012495715'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><span style=\"font-weight: 400;\">Representative Office\u00a0\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Representative Offices offer the significant advantages of 100% foreign ownership, however, they are limited in scope in the activities that they can perform. One of the major drawbacks of a Representative Office is that they cannot generate any revenue, and the head office in another country is required to fully fund their expenses. The Representative Office in\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thailand cannot engage in profit-making activities, such as:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">negotiating sales,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Issuing invoices,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">receiving payment for services or;\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">signing business agreements.\u00a0<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mniol4yk-8501e04d9fe4aac9bf35fade7ac0e5a4'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Here are some of the functions that a Representative Office can undertake on behalf of its head office:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sourcing local goods or services in Thailand<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Inspecting and regulating the quality and quantity of items purchased by the head office in Thailand<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Disseminating information regarding the head office\u2019s new products and services<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reporting on local company development and activities to the corporate office<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Guiding distributors and consumers on a variety of topics related to items distributed by the head office<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Signing contracts that are necessary for the company\u2019s activities, such as a lease<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Exporting products that are ordered by the company\u2019s headquarters or related companies.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Read more:<\/span><\/p>\n<p><a href=\"https:\/\/belaws.com\/thailand\/benefits-representative-office\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Maximizing Your Business in Thailand: Exploring the Benefits of a Representative Office<\/span><\/a><\/p>\n<\/div><\/section><br \/>\n<div  class='avia-button-wrap avia-button-left  avia-builder-el-67  el_after_av_textblock  el_before_av_textblock  bouton-cta' ><a href=\"https:\/\/wa.me\/+66636955945\" class=\"avia-button av-2jecc0-9f69b555aea8f785c4fda44efe1a4647 avia-icon_select-yes-right-icon avia-size-large avia-position-left avia-color-theme-color\" target=\"_blank\" rel=\"noopener noreferrer\"><span class='avia_iconbox_title' >Talk to an expert<\/span><span class='avia_button_icon avia_button_icon_right' aria-hidden='true' data-av_icon='\uf232' data-av_iconfont='entypo-fontello'><\/span><\/a><\/div><br \/>\n<section  class='av_textblock_section av-202agu-c2abc468d489a64dbd7aa9abcb6a5ea1'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>If you want to learn more about starting a business in Thailand and how our experts can help with your accounting and secretary needs, please click <a href=\"https:\/\/belaws.com\/thailand\/accounting-secretary\/\" target=\"_blank\" rel=\"noopener\">here<\/a>. For more details about our incorporation services, please click<a href=\"https:\/\/belaws.com\/thailand\/incorporation\/\" target=\"_blank\" rel=\"noopener\">\u00a0here.<\/a><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-q93pwe-6d5bb40d417741c03ce1e2231424ffaa'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><em>Please note that this article is for information purposes only and <strong>does not constitute legal advice<\/strong>.<\/em><\/p>\n<\/div><\/section><br \/>\n<div  class='av-social-sharing-box av-l4rstf25-09aa8edfee9bfff0c66b62d8ea68b23c av-social-sharing-box-default  avia-builder-el-70  el_after_av_textblock  el_before_av_hr  av-social-sharing-box-fullwidth'><div class=\"av-share-box\"><h5 class='av-share-link-description av-no-toc '>Share this post<\/h5><ul class=\"av-share-box-list noLightbox\"><li class='av-share-link av-social-link-facebook' 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 el_after_av_hr  el_before_av_hr  bouton-cta' ><a href=\"https:\/\/calendly.com\/vbapartners\/legalconsultation\" class=\"avia-button av-4jrvqjm-2293cf67ae45b2d353495c3b64fdeded avia-icon_select-yes-right-icon avia-size-large avia-position-center avia-color-theme-color\" target=\"_blank\" rel=\"noopener noreferrer\"><span class='avia_iconbox_title' >Book now<\/span><span class='avia_button_icon avia_button_icon_right' aria-hidden='true' data-av_icon='\ue871' data-av_iconfont='entypo-fontello'><\/span><\/a><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-3vdixs2-908c0a99871f60d4ecdbc4ea0d89b26f\">\n#top .hr.hr-invisible.av-3vdixs2-908c0a99871f60d4ecdbc4ea0d89b26f{\nheight:25px;\n}\n<\/style>\n<div  class='hr av-3vdixs2-908c0a99871f60d4ecdbc4ea0d89b26f hr-invisible  avia-builder-el-78  el_after_av_button  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-3c72jj6-725e6e295926213fec640ac98a114c81'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_14'  itemprop=\"text\" ><p>Our consultations last for a period of up to 1 hour and are conducted by expert Lawyers who are fluent in English, French and Thai.<\/p>\n<p>Consultations can be hosted via WhatsApp or Video Conferencing software for your convenience. A consultation with one of our legal experts about your company registration is undoubtedly the best way to get all the information you need and answer any questions you may have about your new business or project.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-31ahb8i-cc03d0fc8bf8a5d51ba65ba013d9759a\">\n#top .hr.hr-invisible.av-31ahb8i-cc03d0fc8bf8a5d51ba65ba013d9759a{\nheight:15px;\n}\n<\/style>\n<div  class='hr av-31ahb8i-cc03d0fc8bf8a5d51ba65ba013d9759a hr-invisible  avia-builder-el-80  el_after_av_textblock  el_before_av_codeblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<br \/>\n<br \/>\n<br \/>\n<br \/>\n<\/p><\/div><\/div><\/div><\/div><!-- close content main div --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-l8ctxpd9-095dc0c75aa2de5329ec8b624b867e69\">\n.avia-section.av-l8ctxpd9-095dc0c75aa2de5329ec8b624b867e69{\nbackground-color:#dfeef6;\n}\n<\/style>\n<div id='av_section_5'  class='avia-section av-l8ctxpd9-095dc0c75aa2de5329ec8b624b867e69 main_color avia-section-default avia-no-border-styling  avia-builder-el-86  el_after_av_section  el_before_av_one_full  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-17112'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-fyhro1-0cf30a10ffa966a21c55aed6dcf53641\">\n#top .hr.hr-invisible.av-fyhro1-0cf30a10ffa966a21c55aed6dcf53641{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-fyhro1-0cf30a10ffa966a21c55aed6dcf53641 hr-invisible  avia-builder-el-87  el_before_av_textblock  avia-builder-el-first  av-desktop-hide av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<section  class='av_textblock_section av-e8bwe9-42a5aa99fe46b76eb6bea8fd40de44ad'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h3_bleu'  itemprop=\"text\" ><h3 style=\"text-align: left;\">FAQ<\/h3>\n<\/div><\/section>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-37pzrl-0e2130f093209067c90d3f6b04c2d251\">\n#top .hr.hr-invisible.av-37pzrl-0e2130f093209067c90d3f6b04c2d251{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-37pzrl-0e2130f093209067c90d3f6b04c2d251 hr-invisible  avia-builder-el-89  el_after_av_textblock  el_before_av_toggle_container  av-desktop-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div  class='togglecontainer av-mie8jbbz-62c502c248aadc6be77f7a957d3deb16  avia-builder-el-90  el_after_av_hr  avia-builder-el-last  av-accordion-style-2 toggle_close_all'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/FAQPage\" >\n<section class='av_toggle_section av-a0o1rz6-d7ef7527dc72063cd5f5a22427b0ad44'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-1' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-1'>How do I calculate import duty in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-1' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Import duty in Thailand is calculated based on your product&#8217;s CIF value (Cost + Insurance + Freight). The duty rate varies from 0% to 80% depending on what you&#8217;re importing. For example, if you&#8217;re bringing in electronics worth 10,000 Baht with a 10% duty rate, you&#8217;d pay 1,000 Baht in import duty.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-9k1kuoy-733fabf38279f269f419fc48ea11a2f1'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-2' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-2'>How can I check what import duty rate applies to my products in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-2' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Thailand uses the Harmonized System (HS Code) to classify imports, specifically following the ASEAN Harmonized Tariff Nomenclature (AHTN 2022). You&#8217;ll need to find your product&#8217;s HS code to determine the exact duty rate. The rates are outlined in the Customs Tariff Decree of 2017.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-8t09exu-e92c44de44a6d8f371a04846dbc12ba9'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-3' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-3'>What items are exempt from import duty in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-3' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>If you&#8217;re a BOI (Board of Investment) company or registered in Special Economic Zones (SEZs), you may qualify for import tax exemptions on machinery and certain raw materials. Additionally, goods imported under Free Trade Agreements may have reduced or zero duty rates if they meet the Rules of Origin requirements.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-8gepeaq-6bb991cce06178d3776ca08b9645f38a'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-4' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-4'>Does Thailand have import tariffs?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-4' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Yes, Thailand applies import tariffs ranging from 0% to 80% depending on the product category. The country uses either a specific duty (fixed amount) or an ad valorem duty (percentage of value), whichever is higher.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-847m7nm-377146adb933fe079e48eef581f1068f'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-5' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-5'>Do I need to pay import charges when bringing goods into Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-5' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Yes, you&#8217;ll need to pay multiple charges including import duties (0-80%), 7% VAT on all goods, and potentially excise taxes if you&#8217;re importing luxury items, alcohol, tobacco, or petroleum products. There&#8217;s also a 10% local tax on top of excise tax for certain items.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-7o5zgjm-b189cc5948a2232453865fd0b21c763d'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-6' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-6'>What is the VAT tax rate on imported items in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-6' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>The standard VAT rate in Thailand is 7%, applied to all imported goods regardless of value. This changed in July 2024 &#8211; previously, items under 1,500 Baht were exempt, but now everything is taxed.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-797clk2-63ddda3dfa67ca3fa6adef56a8c4fdb0'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-7' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-7'>Is there a duty-free allowance for imports into Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-7' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>There&#8217;s no general duty-free threshold mentioned for commercial imports. As of July 2024, all imported goods are subject to 7% VAT regardless of their value, which eliminated the previous exemption for low-value goods under 1,500 Baht.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-okdn4y-15821bc46f9ba6f7ab9177ca4eeac6bd'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-8' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-8'>Do foreigners pay different import taxes than Thai nationals?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-8' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Import taxes aren&#8217;t different for foreigners versus Thai nationals. Everyone pays the same import duties (0-80%), 7% VAT, and applicable excise taxes. However, to import<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-67at876-a6e10b7e16caa4fa499634375cae620a'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-9' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-9'>Can I reduce my import taxes through Thailand\u2019s trade agreements?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-9' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Yes, Thailand has signed numerous Free Trade Agreements with countries like Japan, India, Australia, and ASEAN nations, which can significantly reduce or eliminate duties on qualifying goods. You&#8217;ll need proper documentation like a Certificate of Origin to claim these benefits.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-5yj7cf6-9ee0c980f1177c7caea615c4538f127c'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-10' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-10'>Why does Thailand charge import taxes?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-10' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Import taxes serve multiple purposes in Thailand &#8211; they protect local industries, ensure safety standards, generate government revenue, and help balance international trade relationships. The system is regulated under the Customs Act and Customs Tariff Decree.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-5dvtihu-b7d947713e9ff7a04d8acc0e58a1f044'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-11' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-11'>What\u2019s the formula for calculating Thailand import taxes?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-11' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Here&#8217;s a simple example: If you import goods worth 10,000 Baht (CIF value) with a 10% import duty, you&#8217;d calculate: Import Duty = 1,000 Baht, VAT Base = 11,000 Baht (CIF + Duty), VAT = 770 Baht (7% of VAT base), Total Tax = 1,770 Baht. For luxury items with excise taxes, the calculation becomes more complex.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-4nhd4de-cfd1d684a97ebce3f17afaf6e37879a4'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-12' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-12'>Do I need to pay VAT on small-value imports to Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-12' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Yes, as of July 2024, you must pay 7% VAT on all imported goods regardless of value. The previous exemption for goods under 1,500 Baht no longer applies.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-47ywixu-bc3e0a9a6b03522236c95589ca00db2e'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-13' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-13'>Who benefits from Thailand\u2019s import tax system?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-13' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Import taxes benefit the Thai government through revenue collection and help protect local industries by making imported goods more expensive. However, businesses can benefit from reduced taxes through Free Trade Agreements and special programs like BOI company status or SEZ registration.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-3ubwcci-969cb28beeb2695b6d388bb195f44c27'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-14' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-14'>How is VAT calculated on imported goods in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-14' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Thailand applies 7% VAT to the total value including the CIF value plus import duties and any other applicable charges. So VAT is calculated on top of the import duty, not just the product value.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-3luttz6-0e0039ce1396d070cf63c8a62834c204'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-15' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-15'>What\u2019s the difference between import duty and VAT in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-15' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>They&#8217;re separate charges. Import duty is calculated first based on your product&#8217;s CIF value (ranging from 0-80%). Then VAT (7%) is calculated on the total of the CIF value plus import duty plus any other charges. You pay both.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-2yfllwi-a3c45148bc54aebaf353df3481424312'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-16' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-16'> How do I know if I\u2019m required to pay import tax in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-16' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>If you&#8217;re importing goods into Thailand commercially, you&#8217;ll definitely need to pay import taxes. You must register with Thai Customs, obtain a paperless license valid for 3 years, and use the e-Customs system. All commercial imports are subject to duties and VAT.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-2dp4bmq-1fb44be42bac655847341dea90770d82'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-17' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-17'>Which products qualify for reduced import duties in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-17' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>BOI companies and businesses registered in Special Economic Zones may get exemptions on machinery and certain raw materials. Additionally, goods qualifying under Free Trade Agreements with countries like Japan, India, Australia, or ASEAN nations may have reduced or zero duties if you have the proper Certificate of Origin.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-29223aa-719d5306498c91603112dd6b96876666'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-18' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-18'>What documents do I need to verify my import duty rate in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-18' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>You&#8217;ll need to identify your product&#8217;s HS Code under the ASEAN Harmonized Tariff Nomenclature (AHTN 2022). The specific duty rate depends on your product classification and can range from 0% to 80%. Thailand Customs maintains the official tariff schedules.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-1mn35ya-9886a03dca9947492410c5026d536517'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-19' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-19'>How do I calculate both import duty and VAT for Thailand imports?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-19' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Here&#8217;s the formula: First calculate Import Duty (CIF value \u00d7 duty rate). Then calculate VAT base (CIF value + Import Duty + any fees). Finally, VAT = VAT base \u00d7 7%. For luxury goods, you&#8217;ll also need to add excise tax and a 10% interior tax before calculating VAT.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-12eeqo2-4c1cc94f6a27e1f3a6bed39eaf81e446'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-20' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-20'>Are there any products I can import to Thailand without paying duty?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-20' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Items eligible for exemption include machinery and certain raw materials for BOI companies and SEZ-registered businesses. Products imported under Free Trade Agreements may also qualify for reduced or zero duties. You&#8217;ll need proper documentation like a Certificate of Origin to claim these benefits.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-ten7wi-bc9f139821ae6424522e7ca6f1c9c5b0'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-21' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-21'>Can foreigners own 100% of a business in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-21' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Yes, foreigners can own 100% of a business in Thailand, depending on the type of business and its structure. Activities such as export and manufacturing can be fully foreign-owned without restrictions, while other sectors may require a Foreign Business License (FBL) or Board of Investment (BOI) promotion.<\/p>\n<\/div><\/div><\/div><\/section>\n<\/div>\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='after_section_5'  class='main_color av_default_container_wrap container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-17112'><div class='entry-content-wrapper clearfix'><\/p>\n<div class='flex_column av-qqtyiz-0d401a2ec3b1be9fe8b6b4ff052340e0 av_one_full  avia-builder-el-91  el_after_av_section  el_before_av_section  avia-builder-el-no-sibling  first flex_column_div '   ><section  class='av_textblock_section av-2jjczv-f8cba9213d57d135389f2377189c4f87'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Related articles<\/h2>\n<\/div><\/section><br \/>\n<div id='av-masonry-1' class='av-masonry av-2fkee3-b62bdb658cee0ea53234de2b00e9e841 noHover av-flex-size av-large-gap av-hover-overlay-active av-masonry-animation-active av-masonry-col-3 av-caption-always av-caption-style- av-masonry-entries '><div class=\"av-masonry-container isotope av-js-disabled\"><div class='av-masonry-entry isotope-item av-masonry-item-no-image '><\/div><a href=\"https:\/\/belaws.com\/thailand\/registering-a-company-in-thailand\/\" id=\"av-masonry-1-item-5194\" data-av-masonry-item=\"5194\" class=\"av-masonry-entry isotope-item post-5194 post type-post status-publish format-standard has-post-thumbnail hentry category-incorporation category-corporate tag-francais tag-limited-company tag-registering-a-company-in-thailand  av-masonry-item-with-image\" title=\"What is the cost of registering a company in Thailand?\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\"><div class='av-inner-masonry-sizer'><\/div><figure class='av-inner-masonry main_color'><div class=\"av-masonry-outerimage-container\"><div class='av-masonry-image-container'   ><img decoding=\"async\" width=\"705\" height=\"570\" class=\"wp-image-5196 avia-img-lazy-loading-not-5196\"  src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087-705x570.png\" title=\"What is the cost of registering a company in Thailand?\" alt=\"What is the cost of registering a company in Thailand?\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087-705x570.png 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087.png 990w\" sizes=\"(max-width: 705px) 100vw, 705px\" \/><\/div><\/div><figcaption class='av-inner-masonry-content site-background'><div class='av-inner-masonry-content-pos'><div class='av-inner-masonry-content-pos-content'><div class='avia-arrow'><\/div><h3 class='av-masonry-entry-title entry-title '  itemprop=\"headline\" >What is the cost of registering a company in Thailand in 2025?<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >21\/10\/2021<br \/>\r\nAll you need to know about the cost of creating and registering a company in Thailand.<\/div><span class='av-masonry-date meta-color updated'>October 21, 2021<\/span><span class=\"av-masonry-text-sep text-sep-author\">\/<\/span><span class='av-masonry-author meta-color author'><span class='fn'>by bertrand_admin_belaws<\/span><\/span><\/div><\/div><\/figcaption><\/figure><\/a><!--end av-masonry entry--><a href=\"https:\/\/belaws.com\/thailand\/raising-funds-thailand-safe\/\" id=\"av-masonry-1-item-5217\" data-av-masonry-item=\"5217\" class=\"av-masonry-entry isotope-item post-5217 post type-post status-publish format-standard has-post-thumbnail hentry category-raising-funds category-corporate category-incorporation  av-masonry-item-with-image\" title=\"Raising funds in Thailand with a SAFE\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\"><div class='av-inner-masonry-sizer'><\/div><figure class='av-inner-masonry main_color'><div class=\"av-masonry-outerimage-container\"><div class='av-masonry-image-container'   ><img decoding=\"async\" width=\"705\" height=\"570\" class=\"wp-image-5222 avia-img-lazy-loading-not-5222\"  src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091-705x570.png\" title=\"Raising funds in Thailand with a SAFE\" alt=\"Raising funds in Thailand with a SAFE\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091-705x570.png 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091.png 990w\" sizes=\"(max-width: 705px) 100vw, 705px\" \/><\/div><\/div><figcaption class='av-inner-masonry-content site-background'><div class='av-inner-masonry-content-pos'><div class='av-inner-masonry-content-pos-content'><div class='avia-arrow'><\/div><h3 class='av-masonry-entry-title entry-title '  itemprop=\"headline\" >Raising funds in Thailand with a SAFE<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >21\/10\/2021<br \/>\r\nAs an entrepreneur seeking funding in Thailand, there are a variety of term sheet options available, including the SAFE (Simple Agreement for Future Equity).<\/div><span class='av-masonry-date meta-color updated'>October 21, 2021<\/span><span class=\"av-masonry-text-sep text-sep-author\">\/<\/span><span class='av-masonry-author meta-color author'><span class='fn'>by bertrand_admin_belaws<\/span><\/span><\/div><\/div><\/figcaption><\/figure><\/a><!--end av-masonry entry--><a href=\"https:\/\/belaws.com\/thailand\/thai-company-shareholder-death\/\" id=\"av-masonry-1-item-5301\" data-av-masonry-item=\"5301\" class=\"av-masonry-entry isotope-item post-5301 post type-post status-publish format-standard has-post-thumbnail hentry category-incorporation category-corporate  av-masonry-item-with-image\" title=\"What happens to my Thai company if a shareholder passes away \/ dies?\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\"><div class='av-inner-masonry-sizer'><\/div><figure class='av-inner-masonry main_color'><div class=\"av-masonry-outerimage-container\"><div class='av-masonry-image-container'   ><img decoding=\"async\" width=\"705\" height=\"570\" class=\"wp-image-1011 avia-img-lazy-loading-not-1011\"  src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/08\/029-705x570.png\" title=\"What happens to my Thai company if a shareholder passes away \/ dies?\" alt=\"What happens to my Thai company if a shareholder passes away \/ dies?\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/08\/029-705x570.png 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/08\/029-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/08\/029-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/08\/029-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/08\/029-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/08\/029-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/08\/029.png 990w\" sizes=\"(max-width: 705px) 100vw, 705px\" \/><\/div><\/div><figcaption class='av-inner-masonry-content site-background'><div class='av-inner-masonry-content-pos'><div class='av-inner-masonry-content-pos-content'><div class='avia-arrow'><\/div><h3 class='av-masonry-entry-title entry-title '  itemprop=\"headline\" >What happens to my Thai company if a shareholder passes away \/ dies?<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >26\/10\/2021<br \/>\r\nTaking the time to plan for things such as the unexpected death or sickness to shareholders<\/div><span class='av-masonry-date meta-color updated'>October 26, 2021<\/span><span class=\"av-masonry-text-sep text-sep-author\">\/<\/span><span class='av-masonry-author meta-color author'><span class='fn'>by bertrand_admin_belaws<\/span><\/span><\/div><\/div><\/figcaption><\/figure><\/a><!--end av-masonry entry--><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-mw4lq3-4d1f7b909685b16735a77d3969f438e4\">\n#top .hr.hr-invisible.av-mw4lq3-4d1f7b909685b16735a77d3969f438e4{\nheight:160px;\n}\n<\/style>\n<div  class='hr av-mw4lq3-4d1f7b909685b16735a77d3969f438e4 hr-invisible  avia-builder-el-94  el_after_av_masonry_entries  el_before_av_hr  avia-builder-el-first '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2t7ggu-2a4c1573616b55e3f23896ce5c09b120\">\n#top .hr.hr-invisible.av-2t7ggu-2a4c1573616b55e3f23896ce5c09b120{\nheight:160px;\n}\n<\/style>\n<div  class='hr 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type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-h7ba0z-9b6555d734cf94ef55ca0c69cce7df54\">\n#top .hr.hr-invisible.av-h7ba0z-9b6555d734cf94ef55ca0c69cce7df54{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-h7ba0z-9b6555d734cf94ef55ca0c69cce7df54 hr-invisible  avia-builder-el-98  el_after_av_codeblock  el_before_av_one_half  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div class='flex_column_table av-fzcf03-9aecdac0b3d5fbc1d2ed0ae2fdc3e47b sc-av_one_half av-break-at-tablet-flextable av-equal-height-column-flextable'>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-fzcf03-9aecdac0b3d5fbc1d2ed0ae2fdc3e47b\">\n.flex_column.av-fzcf03-9aecdac0b3d5fbc1d2ed0ae2fdc3e47b{\npadding:0 30px 0 0;\n}\n<\/style>\n<div class='flex_column av-fzcf03-9aecdac0b3d5fbc1d2ed0ae2fdc3e47b av_one_half  avia-builder-el-99  el_after_av_hr  el_before_av_one_half  first av-break-at-tablet flex_column_table_cell av-equal-height-column av-align-top '   ><section  class='av_textblock_section av-1e8yb7-3b840758fc44347df09b0303516e7352'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='av-medium-hide av-small-hide av-mini-hide avia_textblock h3_bleu_clair2'  itemprop=\"text\" ><h3 style=\"text-align: right;\">Subscribe today<\/h3>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-c06ivn-1fe9621df953f6d43619da5ba7fe71a0'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='av-desktop-hide avia_textblock h3_bleu_clair2'  itemprop=\"text\" ><h3 style=\"text-align: center;\">Subscribe today<\/h3>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-b1k61v-6c0608b6b04acd6bbff0b238542718dd'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='av-medium-hide av-small-hide av-mini-hide avia_textblock text_18'  itemprop=\"text\" ><p style=\"text-align: right;\">To our newsletter for all the latest legal news<br \/>\nin South East Asia, Belaws updates and<br \/>\nspecial promotions on our services.<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-8xxwib-9cee78aeff88cfdd1cd602538c7331f4'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='av-desktop-hide avia_textblock text_18'  itemprop=\"text\" ><p style=\"text-align: center;\">To our newsletter today for all the latest legal news in South East Asia,<br \/>\nBelaws updates and special promotions on our services.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-72r4w3-cd6429d6a9f7efdf47aee471fd237d12\">\n#top .hr.hr-invisible.av-72r4w3-cd6429d6a9f7efdf47aee471fd237d12{\nheight:20px;\n}\n<\/style>\n<div  class='hr 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svg_div_top_width='100' svg_div_top_height='50' svg_div_top_max_height='none' svg_div_top_opacity='' svg_div_bottom='' svg_div_bottom_color='#333333' svg_div_bottom_width='100' svg_div_bottom_height='50' svg_div_bottom_max_height='none' svg_div_bottom_opacity='' border='' border_style='solid' border_color='' radius='' radius_sync='true' column_boxshadow_color='' column_boxshadow_width='10' background='bg_color' background_color='' background_gradient_direction='vertical' background_gradient_color1='#000000' background_gradient_color2='#ffffff' background_gradient_color3='' src='' attachment='' attachment_size='' background_position='top left' background_repeat='no-repeat' highlight_size='1.1' animation='' link='' linktarget='' link_hover='' title_attr='' alt_attr='' mobile_display='' id='' custom_class='' template_class='' aria_label='' element_template='' one_element_template='' av_uid='av-38fzk9' sc_version='1.0']\r\n\r\n[av_codeblock wrapper_element='' wrapper_element_attributes='' 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