Buying A Business

Can anyone buy a business in Thailand?

The simple answer is yes, anyone can buy a business in Thailand, but the ownership percentages is where it gets more complicated.

For a standard Thai company, a maximum of 49% of the company can be owner by foreigners, with 51% or more required to be held by Thai entities (either Thai individuals, or Thai companies).
Exceptions to this can exist through foreign business licenses or Board of Investment, but this is complex to achieve and not viable for the majority of businesses, mainly pursued on major projects from international corporations.

Most businesses get around these requirements by simply having Thai shareholders, whether active partners, silent partners or nominees.
Technically nominee shareholders are illegal, but is a common practice and generally only causes an issue if under investigation for other serious matters.
Foreigners can retain control of the company through preferred shares which give their minority of shares the majority of votes, controlling all control decisions.

How do I buy a business in Thailand?

The easiest option is by using an agent, such as Done Deal.

While it is possible to deal directly with sellers, this is rarely a good idea unless you are experienced in Thai law, can read and write Thai and can conduct a thorough due diligence.

Our website lists a number of businesses that are currently up for sale and our experienced team will guide you every step of the way.

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