Educational Information Only
The content on this page is for general educational purposes and does not constitute legal advice. Every legal situation is unique. For matters involving investigation, arrest, litigation, or formal proceedings, consult a qualified legal professional.
Rights of a Foreign Business Owner in Thailand
Know your rights as a foreign shareholder or director of a Thai company.
Your Rights
Right to inspect company records
Legal Basis: Civil and Commercial Code, Section 1207
What To Do: As a shareholder, you have the right to inspect the company's books and records.
Right to attend and vote at shareholder meetings
Legal Basis: Civil and Commercial Code, Section 1176
What To Do: All shareholders have the right to attend meetings and vote proportionally to shares held.
Right to dividends when declared
Legal Basis: Civil and Commercial Code, Section 1201
What To Do: When the company declares dividends, all shareholders receive proportional payments.
Right to sue for mismanagement
Legal Basis: Civil and Commercial Code, Section 1169
What To Do: Shareholders can sue directors for breach of fiduciary duty or mismanagement.
Right to fair treatment as minority shareholder
Legal Basis: Civil and Commercial Code, Section 1220
What To Do: Minority shareholders can petition the court for relief if oppressed by majority shareholders.
Common Myths vs Reality
Myth: Thai nominee shareholders control the company
Reality: If you can prove nominees were used to circumvent the FBA, the arrangement is illegal and you may face prosecution.
Myth: Foreign directors have fewer rights than Thai directors
Reality: All directors have equal rights and obligations regardless of nationality.
Emergency Contacts
Department of Business Development
1570
BOI Helpdesk
+66 2-553-8111
Disclaimer: This information is for educational purposes only and does not constitute legal advice. Laws and their interpretation may change. Always consult a qualified Thai lawyer for specific legal advice.
Professional Legal Assistance
When a matter involves investigation, arrest, detention, litigation, or regulatory action, professional legal representation becomes essential.
Anglo Siam Legal provides experienced legal services across Thailand for both Thai nationals and foreigners.
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