Foreign Business License2019-03-07T17:53:15+00:00

Corporate & Commercial
FOREIGN BUSINESS LICENSE

FOREIGN BUSINESS LICENSE

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:

  • List 1: business completely restricted to foreigners
  • List 2: business permitted to foreigners under certain conditions

  • List 3: business not yet permitted to foreigners

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:

  • The proposed business could not affect other Thai companies competing in the same field of operation

  • It is not contrary to Thailand’s safety, security, good morals or public order

  • It represents an advantage for Thailand economy and environment

  • It is beneficial in terms of technology transfer, research and development

  • The minimum capital requirement has been satisfied

  • The 4 Thai employees to 1 foreign employee ratio has been satisfied

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.

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Bangkok Head Office

Floors 9 & 10, RSU Tower
571 Sukhumvit Road (Soi 31), Bangkok 10110

Shanghai Branch Office

No.1, Lane 600, Nanchezhan Road
Huangpu District, Shanghai 200011, China

info[at]antaresgroup[dot]com

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Bangkok Head Office +66(0) 2026 3277   |  Shanghai Branch Office +86 138 1630 1644

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