Foreign Business License Thailand Business in Thailand Business laws in Thailand reserve certain rights only for Thai nationals. Therefore, foreign investors face certain restrictions when doing business in Thailand. The Foreign Business Act (FBA), B.E. 2542 (1999) is enacted to govern business ...
We explain the Foreign Business License (FBL) which allows foreign owned companies to engage in restricted activities in Thailand.
Foreigners applying for a license shall have the following qualification and shall not have the prohibited characteristics below: ???(1) Being not younger than 20 years old. ???(2) Having residency or being permitted to temporarily enter into Thailand under the immigration law. ???(3) Being...
"I see unlimited potential. There is no ceiling to this unprecedented initiative," Chearavanont, Chairman of Thailand's largest private company Charoen Pokphand Group (CP Group), said in an exclusive interview with Xinhua on Monday. Chearavanont's CP Group opened a branch in China in the late ...
Section 6. ThefollowingforeignersshallbeprohibitedfromoperatinganybusinessinThailand: (1) Foreignersdeportedorpendingdeportation. (2) ForeignersstayinginThailandwithoutpermissionunderthelawgoverningimmigrantsorotherlaws. Section 7. Thefollowingforeignersmayoperatebusinessesuponobtaining 14、aLicensefromtheDirector-...
Thailand and, in the case where the foreigners are juristic persons not registered in Thailand or natural persons, 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 ...
n. a corporation which is incorporated under the laws of a different state or nation. A "foreign" corporation must file a notice of doing business in any state in which it does substantial regular business. It must name an "agent for acceptance of service" in that state, or the Secretary...
toproclaimthatitwasexpedienttoimprovethelawgoverningthebusinessoperationofforeigners.ThisActhassomeprovisionsrelatingtotherestrictionoftherightsandlibertyofindividualsbutbyimplicationofSection29inconjunctionwithSection35andSection50oftheConstitutionoftheKingdomofThailand,therestrictioncanbeimplementedbyvirtueofthelaw.Byand...
SEC 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 issued guidelines to support Thailand’s goal of...
Foreign Business License No Longer Required for Certain Service BusinessesPeerapan Tungsuwan