Can a foreigner own a Thai company outright?

It depends on the activity. Under the Foreign Business Act, a company in which foreigners hold half or more of the shares is a foreign company and needs a licence or a promotion certificate for many service and trading activities. Tell us the activity first, so that we can confirm the ownership structure and the capital that it needs.

Source: Foreign Business Act B.E. 2542 (1999), Department of Business Development, Ministry of Commerce, Thailand