How many shareholders are required to form a Thai company?

Question

I have a small marketing agency with a mix of Thai and foreign management and I am looking to register it as a Thai company

Lawzana · Accepted Answer

At least three shareholders are required. Under certain conditions, a private limited company may be completely foreigner-owned. However, in relation to activities reserved for Thai nationals under the Foreign Business Act, foreign ownership is permitted up to a maximum of 49% of the shares.

How many shareholders are required to form a Thai company?

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