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My brother and I have been doing business in SEA for about 15 years now (exporting), and have looked into what is required to set up shop in Thailand or Indones
by jtf2 12y ago
My brother and I have been doing business in SEA for about 15 years now (exporting), and have looked into what is required to set up shop in Thailand or Indonesia.
Limitations such as max 95% foreign ownership (Indo) end up with local lawyers or accountants owning 5% of the companies that are set up and are figureheads there to fulfill government requirements. Or in Thailand where many industries are only open to Thai nationals, which means the only way foreigners may access those industries is through marriage, though when those marriages dissolve so to does the foreign claim on business assets.
I don't blame them for making it difficult for foreign investment dollars to pour in and displace domestic ownership, or for not embracing western capitalism as fast and as hard as they can.
- ashconnor 11y agoIt's the same in Thailand. 49% foreign ownership max, unless you are American.