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What is the maximum number of shares I can hold if I register a Thai Limited Company?

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What is the maximum number of shares I can hold if I register a Thai Limited Company?

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All foreigners, other than Americans, can hold a maximum of 49% shares in a Thai limited company.

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All foreigners can hold a maximum of 49 % shares in a Thai Limited Company but if the Thai company would like to purchase land, the foreigners can hold only 39 % shares together.

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