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A reduction in foreign ownership limit may reduce foreign investment, but it can help boost revenue for domestic firms and economic development. [21] Government Regulation No. 14 of 2018 limited foreign ownership in insurance companies to 80%. However, this rule is not applied retroactively for insurance companies with foreign ownership higher ...
The Foreign Business Act was a law enacted by the Chuan Leekpai-controlled National Legislative Assembly of Thailand in 1999 that limited foreign ownership of certain Thai industries. Its predecessor was the Alien Business Act of 1972, enacted by a military junta.
Yet Thai authorities claim there is still no sufficient evidence of a property bubble forming in Thailand. Since the Condominium Act of 1979 revised in 2008, it is possible for foreign investors to own a property in a condominium. It greatly boosted foreign investment and stimulated Thailand's real estate market.
The dream of owning a house in some far off land is wonderful, but not realistic for most people. The cost, the hassle, the fact that you'd have to have a job—all these real-world issues get in ...
Foreign ownership of certain Thai industries and foreign companies in general are regulated by the Foreign Business Act BE 2542 (1999). [ 17 ] Personal property law
This is a list of countries, territories and regions by home ownership rate, which is the ratio of owner-occupied units to total residential units in a specified area, based on available data. [1] [better source needed]
The Treaty of Amity and Economic Relations Between the Kingdom of Thailand and the United States of America is a treaty signed at Bangkok on 29 May 1966. [1] The treaty allows for American citizens and businesses incorporated in the US, or in Thailand to maintain a majority shareholding or to wholly own a company in Thailand, and thereby engage in business on the same basis as would a Thai ...
This use of local nominees of foreign owners was attacked by some anti-Thaksin groups as a method to get around laws limiting foreign ownership of Thai companies. Subsequent investigations found that Thai nominees owned 24.1 percent of all shares on the Thai stock exchange, and up to 36 percent of all shares in the technology sector.