Foreign Business License is an authorization that allows a foreign entity to legally operate in Thailand certain activities prohibited to foreigners by the Foreign Business Act (FBA).
Under this Act, a foreign company is a company that is not registered in Thailand or a company registered in Thailand but half or more than half of its shares are held by non-Thai natural or juristic persons.
In Thailand, there are 43 categories of business activities, divided into three lists, which are subject to different levels of restrictions for foreigners, as following:
Foreigners wishing to engage in businesses indicated under List 2 and List 3 must file a foreign business license application and submit it together with all required documents and information to the Ministry of Commerce for consideration, prior to commencing operations.
The Foreign Business Committee will review if:
In general, the foreign business license application is a long and complex process, and sometimes, due to unforeseen consequences, the application might be rejected.
To fully comply with the requirements set by the government, the knowledge, expertise, and experience of a Thailand lawyer is required.
Antares’ team of lawyers has a vast experience in this area and we would be delighted to provide direction, legal advice, and assistance to reduce your concerns about the legal procedures. Contact us today for additional information or assistance you may require.