We explain the Foreign Business License (FBL) which allows foreign owned companies to engage in restricted activities in Thailand.
The article analyses the new Foreign Business Act of Thailand. It states that the act requires minority-owned foreign companies to reduce foreign company voting rights to less than 50%. According to Chaipranin Visudhipol, managing director of TBWA, the act is aimed at foreign companies who ...
Foreigners wishing to engage in businesses indicated in the Thai Foreign Business Act List 2 and 3 need to obtain a
it shall mean the foreign currencies that the foreigners bring in and use at the commencement of the business operation in Thailand."Business"means the business operation in agriculture, industry, handicraft, commerce, service or other dealings for business purpose."License"means a business operation...
This Act has some provisions relating to the restriction of the rights and liberty of individuals but by implication of Section 29 in conjunction with Section 35 and Section 50 of the Constitution of the Kingdom of Thailand, the restriction can be implemented by virtue of the law. By and wi...
The following foreigners shall be prohibited from operating any business in Thailand: ???(1) Foreigners deported or pending deportation. ???(2) Foreigners staying in Thailand without permission under the law governing immigrants or other laws. ???Section 7. The following foreigners may operate b...
For overseas calls to Bangkok, the code is 66-2In Thailand, dial a landline prefix 02 Information and Visa Application InquiriesArgentina Embassy Prommitr Villa, 20/85 Sukhumvit Soi 49/1, Bkk 10110Tel: 259 0401-2, 259 9198; Email: embtail@mozart.inet.co.th Australia Embassy Website 37 ...
toproclaimthatitwasexpedienttoimprovethelawgoverningthebusinessoperationofforeigners.ThisActhassomeprovisionsrelatingtotherestrictionoftherightsandlibertyofindividualsbutbyimplicationofSection29inconjunctionwithSection35andSection50oftheConstitutionoftheKingdomofThailand,therestrictioncanbeimplementedbyvirtueofthelaw.Byand...
Section 6. ThefollowingforeignersshallbeprohibitedfromoperatinganybusinessinThailand: (1) Foreignersdeportedorpendingdeportation. (2) ForeignersstayinginThailandwithoutpermissionunderthelawgoverningimmigrantsorotherlaws. Section 7. Thefollowingforeignersmayoperatebusinessesuponobtaining 14、aLicensefromtheDirector-...
in Markets Reading Time: 2 mins read A ASEC released a statement clarifying eligible business activities for foreign operators providing investment services to Thai investors, aiming to support Thailand’s financial hub status and prevent unlicensed securities provision. Key takeaways The SEC has is...