We would like to know that if my Thai friend will be the shareholder of my company, is there anyway that I can have full control over the company as I am a foreign shareholder?
Panwa: Please note that for your case if you would like to have a full control in the company you can register for modify article of association to classify the shares to be preferred shares and common shares, which the foreigner side will hold the common shares, the voting right is 1 share per 1 vote and Thai shareholder will hold preference shares, 10 shares per 1 vote. By this way, when you will have meeting with your shareholders, the foreigner side (your side) will always win.
Related topic:
- Setting up the company – Click here
For more information, please feel free to contact us:
Phones: +66 2 933 9000
Whats'app: +66 81 919 6225 (Mr. Tana Sipa)
Email: bkk@panwa.co.th