The laws and procedures in Thailand have improved over the past several years as regards foreigners' options for company setup in Thailand, so it is important to be aware of the latest regulations.
It is possible for a foreigner to own a majority of a business. You must apply for a Foreign Business License (FBL). These are granted or denied based on the nature of your business. For example, if you are transferring leading edge technology into Thailand, and/or will be a major exporter, and/or are employing large numbers of Thais, then you will have a good chance for approval.
If you are setting up an export company, then you may want to contact the Board of Investment (BOI) to see if you are eligible to benefit from any of their promotional programs or privileges.
If your office is a representative or regional office of a multinational company investing in Thailand, and is engaged in nontrading activity, then in some cases there are ways to expedite the obtaining of visas and work permits. For example, the usual ratio of Thais per foreigner work permit may be waived.
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