Limited Company

There are two types of limited companies.

1) Closely held (private) companies

Governed by the Civil and Commercial code. Under this form, a Thai person or company will hold no less that 51% of the company’s shares (control can be maintained by the foreign shareholder however). As a Thai company, you are not restricted in the activities you may engage in. Note that there is no requirement to have a Thai director. Therefore, the company can be run and maintained by one or more foreign directors (with valid Work Permits).

2) Public companies

Governed by the Public Company Act