“Do I need a Thai partner to own a business here?”
My answerShane Ruddle, 20+ years in PattayaFor most businesses, yes. A Thai partner usually holds 51%, and it has to be a genuine partner, not a nominee.
Nominee shareholding is illegal and the authorities look closely at arrangements where the foreigner funded the Thai shareholder.
Your partner doesn't have to be wealthy. If you lend them the money, make it a genuine loan they repay, partly through their work in the business, and let them share in the profits and decisions.
Have a Thai lawyer set up the company, the shareholding and any loan properly from the start.
Up to date as of November 2026. Rules in Thailand change often, so check the current position before you act.
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