{"id":13629,"date":"2024-06-11T08:17:46","date_gmt":"2024-06-11T01:17:46","guid":{"rendered":"https:\/\/belaws.com\/thailand\/?p=13629"},"modified":"2024-12-19T10:04:35","modified_gmt":"2024-12-19T03:04:35","slug":"foreign-business-act-thailand","status":"publish","type":"post","link":"https:\/\/belaws.com\/thailand\/fr\/loi-sur-les-entreprises-etrangeres-en-thailande\/","title":{"rendered":"R\u00e9duction des restrictions du FBA pour les investisseurs \u00e9trangers en Tha\u00eflande"},"content":{"rendered":"<section  class='av_textblock_section av-ks8kyyfa-e516bae24dd4ed4f78e7dedb0aea1067'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock breadcrumb'  itemprop=\"text\" >\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-18myty-919e5cb9f68131fb6240d9c12261edb4\">\n.av_font_icon.av-18myty-919e5cb9f68131fb6240d9c12261edb4 .av-icon-char{\nfont-size:11px;\nline-height:11px;\n}\n<\/style>\n<span  class='av_font_icon av-18myty-919e5cb9f68131fb6240d9c12261edb4 avia_animate_when_visible av-icon-style- avia-icon-pos-left av-no-color avia-icon-animate'><span class='av-icon-char' aria-hidden='true' data-av_icon='\ue874' data-av_iconfont='entypo-fontello' ><\/span><\/span>\n<div style=\"padding-left: 15px;\"><span class=\"\"><a href=\"https:\/\/belaws.com\/thailand\/\">Belaws Home<\/a> \u203a\u203a <a href=\"https:\/\/belaws.com\/thailand\/\">Thailand<\/a> \u203a\u203a <a href=\"https:\/\/belaws.com\/thailand\/blog\">Blog<\/a>\u00a0\u203a\u203a <\/span>Proposed Amendments to Ease Restrictions for Foreign Companies in Thailand in 2024<\/div>\n<\/div><\/section>\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='av_section_1'  class='avia-section av-re718-f933e9e3a470259eecd4d4692aaacea2 main_color avia-section-no-padding avia-no-border-styling  avia-builder-el-2  el_after_av_textblock  el_before_av_section  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-13629'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ksd27few-1f8c384e085c379baccb5abbe326157c\">\n#top .hr.hr-invisible.av-ksd27few-1f8c384e085c379baccb5abbe326157c{\nheight:100px;\n}\n<\/style>\n<div  class='hr av-ksd27few-1f8c384e085c379baccb5abbe326157c hr-invisible  avia-builder-el-3  el_before_av_one_half  avia-builder-el-first  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div class='flex_column av-gmj0k-ac56bb06b98c278ca7684f46c4d7723e av_one_half  avia-builder-el-4  el_after_av_hr  el_before_av_one_half  first av-break-at-tablet flex_column_div '   ><p><section  class='av_textblock_section av-kscys0p5-d0fe1da2549b5d38fb08e5d3e4dbc794'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock sur-titre_bleu'  itemprop=\"text\" ><p>incorporation<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lra90-9ab3f8d48a81ed396ae07bbaafa596f6'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h1_bleu_post'  itemprop=\"text\" ><h1>Foreign Business Act Thailand: Easing Restrictions for Foreigners<\/h1>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-b3jfo-03f63b84c9a76d84e1713c05a87923fd\">\n#top .hr.hr-invisible.av-b3jfo-03f63b84c9a76d84e1713c05a87923fd{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-b3jfo-03f63b84c9a76d84e1713c05a87923fd hr-invisible  avia-builder-el-7  el_after_av_textblock  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-kscyalj7-2ad25b68643e9517389c1de031001cff'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_18'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">11\/06\/2024<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-2mj4cc-546fb3795883e77cb448506a33b339b7'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_18'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Thailand&#8217;s foreign business landscape has undergone significant changes in recent years, with the government taking proactive steps to attract international investment and promote economic growth. At the centre of these developments is the Foreign Business Act Thailand (FBA) of 1999, which is the primary regulatory framework governing the operations of foreign businesses in the country.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the Thai government has recognized the need to adapt to the changing global business environment and has announced it is considering several amendments to the FBA to ease the restrictions on foreign business activities.\u00a0<\/span><\/p>\n<\/div><\/section><\/p><\/div><div class='flex_column av-bmm5w-737f28be9bb008277e27311ae0eaf479 av_one_half  avia-builder-el-10  el_after_av_one_half  avia-builder-el-last  av-break-at-tablet flex_column_div '   ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kscy8en7-3090fba6a085c9ac8ef5178a1443cfc5\">\n.avia-image-container.av-kscy8en7-3090fba6a085c9ac8ef5178a1443cfc5 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-kscy8en7-3090fba6a085c9ac8ef5178a1443cfc5 av-styling- avia-align-center  avia-builder-el-11  avia-builder-el-no-sibling  radius_10 img'  itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-13630 avia-img-lazy-loading-not-13630 avia_image' src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2024\/06\/Proposed-Amendments-to-Ease-Restrictions-for-Foreign-Companies-in-Thailand-in-2024.png\" alt='Investment opportunities in Thailand' title='Investment opportunities in Thailand'  height=\"800\" width=\"990\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2024\/06\/Proposed-Amendments-to-Ease-Restrictions-for-Foreign-Companies-in-Thailand-in-2024.png 990w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2024\/06\/Proposed-Amendments-to-Ease-Restrictions-for-Foreign-Companies-in-Thailand-in-2024-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2024\/06\/Proposed-Amendments-to-Ease-Restrictions-for-Foreign-Companies-in-Thailand-in-2024-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2024\/06\/Proposed-Amendments-to-Ease-Restrictions-for-Foreign-Companies-in-Thailand-in-2024-15x12.png 15w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2024\/06\/Proposed-Amendments-to-Ease-Restrictions-for-Foreign-Companies-in-Thailand-in-2024-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2024\/06\/Proposed-Amendments-to-Ease-Restrictions-for-Foreign-Companies-in-Thailand-in-2024-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2024\/06\/Proposed-Amendments-to-Ease-Restrictions-for-Foreign-Companies-in-Thailand-in-2024-705x570.png 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2024\/06\/Proposed-Amendments-to-Ease-Restrictions-for-Foreign-Companies-in-Thailand-in-2024-450x364.png 450w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2024\/06\/Proposed-Amendments-to-Ease-Restrictions-for-Foreign-Companies-in-Thailand-in-2024-600x485.png 600w\" sizes=\"(max-width: 990px) 100vw, 990px\" \/><\/div><\/div><\/div><\/div>\n\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kscyoqk4-666a58ff317ddf61a5914fb400fd87f4\">\n.avia-section.av-kscyoqk4-666a58ff317ddf61a5914fb400fd87f4{\nbackground-color:#fafafa;\n}\n<\/style>\n<div id='av_section_2'  class='avia-section av-kscyoqk4-666a58ff317ddf61a5914fb400fd87f4 main_color avia-section-default avia-no-border-styling  avia-builder-el-12  el_after_av_section  el_before_av_section  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-13629'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ksd2ivxm-023071e5c33e5c283329416739e1beb3\">\n#top .hr.hr-invisible.av-ksd2ivxm-023071e5c33e5c283329416739e1beb3{\nheight:60px;\n}\n<\/style>\n<div  class='hr av-ksd2ivxm-023071e5c33e5c283329416739e1beb3 hr-invisible  avia-builder-el-13  el_before_av_two_third  avia-builder-el-first  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div class='flex_column av-fpevw-aab8acce1826d370629f645f34d6bd3b av_two_third  avia-builder-el-14  el_after_av_hr  el_before_av_one_third  first av-break-at-tablet flex_column_div '   ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lb329d7d-3f950f02b294bfa39eeb1b805d8d23d3\">\n#top .av_textblock_section.av-lb329d7d-3f950f02b294bfa39eeb1b805d8d23d3 .avia_textblock{\ncolor:#ffffff;\n}\n<\/style>\n<section  class='av_textblock_section av-lb329d7d-3f950f02b294bfa39eeb1b805d8d23d3'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock post_text_highlighting av_inherit_color'  itemprop=\"text\" ><p style=\"text-align: left;\">Key points<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Thailand is considering amendments to the <a href=\"https:\/\/www.boi.go.th\/upload\/Foreign%20Business%20Act_5dd766122ff27.pdf\" target=\"_blank\" rel=\"noopener\">Foreign Business Act (FBA) of 1999<\/a> to ease restrictions on foreign business activities and attract more international investment.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Key proposed amendments include exemptions for futures trading of agricultural products, brokerage and agency businesses, and other services under List Three of the FBA.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The reasons behind the proposed amendments are to streamline regulations, promote technology transfer, and enhance workforce productivity.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Draft Royal Decree and Draft Ministerial Regulation containing the proposed amendments are currently under public consultation and review.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If approved, the amendments could provide foreign businesses with expanded opportunities, a simplified regulatory landscape, increased technology transfer, and improved competitiveness in Thailand.<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-kscytnto-6f8bd4ca8aa4b5f4311495ee3b7802c6'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>What is the Foreign Business Act Thailand (FBA)?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-8ohy4-ba2bc652f51fc02aca7b4faa3ec86cd2'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">The FBA is the centre of Thailand&#8217;s regulatory framework governing foreign business activities. The Act imposes strict limitations on the types of businesses that foreign entities can engage in, requiring them to obtain a Foreign Business License (FBL) before commencing operations in the country.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lvf1p330-ca126ae187c7c0df276a72363070c73f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Under the FBA, foreign businesses are prohibited from operating in certain sectors, which are categorized into three main lists: List One, List Two, and List Three. List One encompasses activities that are strictly reserved for Thai nationals, while List Two and List Three outline activities where foreign participation is restricted or prohibited, respectively, unless an FBL is obtained.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For more information, please see our blog post on the FBA <\/span><a href=\"https:\/\/belaws.com\/thailand\/foreign-business-act-in-thailand\/#:~:text=The%20Foreign%20Business%20Act%20restricts,it%20is%20deemed%20foreign%20owned.\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">here<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-893pgz-417cf0891102d15fa8bff673921feb47\">\n#top .hr.hr-invisible.av-893pgz-417cf0891102d15fa8bff673921feb47{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-893pgz-417cf0891102d15fa8bff673921feb47 hr-invisible  avia-builder-el-19  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-lvf10xj5-b09b16668f3804b347724270fe5e645e'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>What are the Proposed Amendments to the FBA?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lvf114wj-49d92afca071916131f83a41fb711334'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">In recent years, the Thai government has recognized the need to address the evolving business landscape and has proposed several amendments to the FBA. These proposed changes aim to ease the restrictions on foreign business activities and attract more international investment to the country.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-3cgh48t-f9addb2636fc0393a8707cd710c11ba2\">\n#top .hr.hr-invisible.av-3cgh48t-f9addb2636fc0393a8707cd710c11ba2{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-3cgh48t-f9addb2636fc0393a8707cd710c11ba2 hr-invisible  avia-builder-el-22  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-lxa4nn7m-627b5048ff73eb77fe2a588fce3ce910'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h3>Revisions to List Three (13) &#8211; Futures Trading of Agricultural Products<\/h3>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2wdpn31-f6f51ac0e4684b6688b801cbe264159e\">\n#top .hr.hr-invisible.av-2wdpn31-f6f51ac0e4684b6688b801cbe264159e{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-2wdpn31-f6f51ac0e4684b6688b801cbe264159e hr-invisible  avia-builder-el-24  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-lwesl6r7-43716df02409a1ccfd5376120b20c5e6'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">One of the key proposed amendments relates to the exemption for the futures trading of traditional agricultural products, which falls under List Three (13) of the FBA. The current exemption allows for the domestic trading of traditional agricultural products, excluding futures trading in the Agricultural Futures Exchange of Thailand that involves the delivery or taking delivery of the commodities.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lwpy44xn-e4eb2e165adc1fdb856515d532b82016'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">The proposed amendment hopes to expand this exemption to include the futures trading of traditional agricultural products in the Derivatives Exchange, as long as the delivery or taking delivery of the agricultural products is done through the warehouse system determined by the Derivatives Exchange. This change is intended to facilitate foreign business operators who wish to engage in the futures trading of traditional agricultural products without the need to obtain an FBL.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-3eadsn2-3c852ca1071a0ea83d44caec4b288bb3\">\n#top .hr.hr-invisible.av-3eadsn2-3c852ca1071a0ea83d44caec4b288bb3{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-3eadsn2-3c852ca1071a0ea83d44caec4b288bb3 hr-invisible  avia-builder-el-27  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-gfh9xy-e0bde1d55d8468f28ed18b9996433e48'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h3>Exemptions for Businesses under List Three (11) and (21)<\/h3>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2mv4tlp-871fd43d2990b86f7c47e41e712498ba\">\n#top .hr.hr-invisible.av-2mv4tlp-871fd43d2990b86f7c47e41e712498ba{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-2mv4tlp-871fd43d2990b86f7c47e41e712498ba hr-invisible  avia-builder-el-29  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-lodoxqvz-6a45f69df973eb89afb9398d18b23e8a'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">The Thai government has also proposed exemptions for businesses falling under List Three (11) and (21) of the FBA. These exemptions include the following:<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lxa4oyhr-d98e4c71611ad7ec6d95649e8bee645f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><b>List Three (11) &#8211; Brokerage and Agency Business<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Telecommunications service business for Type 1 Telecommunications License<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Treasury centre business under the exchange control law<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Software development business with specific qualifications<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Service businesses in relation to administrative management, human resource management, and information technology management provided to a Juristic Person with Related Relationship<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Service business with respect to a guarantee of a domestic loan for a Juristic Person with Related Relationship<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Service business with respect to the lease-out of a part of space for installation of an electronic machine used in financial service provision or automatic vending machines to provide services to facilitate the company&#8217;s employees<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Service business on petroleum drilling<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Other businesses under the Securities and Exchange law<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Other businesses under the derivatives law<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lxa4p8a0-0657cba27ed25972b029a39239c692fb'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><b>List Three (21) &#8211; Other Businesses<\/b><\/h3>\n<h3><\/h3>\n<p><span style=\"font-weight: 400;\">The proposed exemptions for businesses under List Three (21) are still under consideration and may undergo further amendments.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1yal459-58ea10efbf1ed829e1fb5b2806dffe0c\">\n#top .hr.hr-invisible.av-1yal459-58ea10efbf1ed829e1fb5b2806dffe0c{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-1yal459-58ea10efbf1ed829e1fb5b2806dffe0c hr-invisible  avia-builder-el-33  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-lxa4pfki-7377481c6f040778cc5fda87b01e4e08'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>What is the Reason for the Proposed Amendments?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lxa4pkgg-f9d5fc196de0e9800111d071d423e403'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">The main reason behind the proposed amendments to the FBA are:<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lwpy4mde-0d1d590c3500ccc9014ba52a5337a942'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><b>Avoiding Redundancy in Regulatory Requirements<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The Thai government hopes to streamline the regulatory landscape by aligning the FBL requirements with the sector-specific regulations administered by other government agencies. This move is designed to create a more efficient business environment for foreign investors.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lwpy4sj2-71a2fb733c1f91088173ae5512ec8b95'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><b>Promoting Technology Transfer and Workforce Productivity<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The proposed exemptions are designed to encourage the transfer of technology and expertise from foreign business operators to Thailand, particularly in high-value sectors. This is expected to contribute to the improvement of the country&#8217;s workforce effectiveness and productivity, ultimately enhancing the overall competitiveness of the Thai economy.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-unld5v-98f2ab2d684b4329b679e9b710d3f8f6\">\n#top .hr.hr-invisible.av-unld5v-98f2ab2d684b4329b679e9b710d3f8f6{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-unld5v-98f2ab2d684b4329b679e9b710d3f8f6 hr-invisible  avia-builder-el-38  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-lwesxc07-dbc4614cd90637d6d1e1765eb2681900'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>What are the Next Steps?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lwesxmz8-d6a5f2cf83564daef4374681d5084331'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">The proposed amendments to the FBA, including the Draft Royal Decree and the Draft Ministerial Regulation, are currently in the public consultation phase. The public hearing process for the Draft Ministerial Regulation was concluded on March 15, 2024, and the Thai government is now reviewing the feedback and finalizing the regulations.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lwesxv86-1caafa7d29901c058d08d36e7c58cd77'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Once this has been completed, the Thai government will submit the Draft Royal Decree and the Draft Ministerial Regulation to the Council of State for review and approval.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The final versions of these regulations are expected to be completed by the end of 2024.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-26ft3gf-337fc5c5eea01152e24bfa7913a694a8\">\n#top .hr.hr-invisible.av-26ft3gf-337fc5c5eea01152e24bfa7913a694a8{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-26ft3gf-337fc5c5eea01152e24bfa7913a694a8 hr-invisible  avia-builder-el-42  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-lwesy72r-72760793ea5bd6b4184552d83a7b44a9'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>What are the Implications for Foreign Businesses?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lwesyfmy-ddc0fb160f9c29ad8a2c9ced0625a1a7'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">The proposed amendments to the FBA represent a significant development in Thailand&#8217;s efforts to create a more favourable business environment for foreign investors. If approved, these changes will provide foreign businesses with greater flexibility and opportunities to engage in a wider range of activities within the country, without the need to obtain an FBL.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some of the key implications for foreign businesses include:<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1lm42in-6b6e18d20c54b640f89d5d7ab4d0ec98\">\n#top .hr.hr-invisible.av-1lm42in-6b6e18d20c54b640f89d5d7ab4d0ec98{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-1lm42in-6b6e18d20c54b640f89d5d7ab4d0ec98 hr-invisible  avia-builder-el-45  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-lweszhyb-50d24c298b4788ffe27d2181647fe5b2'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h3>Expanded Opportunities in Futures Trading of Agricultural Products<\/h3>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-3dlm63y-7dbe33c0883e41b75617466e9c9facc4\">\n#top .hr.hr-invisible.av-3dlm63y-7dbe33c0883e41b75617466e9c9facc4{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-3dlm63y-7dbe33c0883e41b75617466e9c9facc4 hr-invisible  avia-builder-el-47  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-lwpy7fx1-42d34d0beb9600bf6c46803885e523c9'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">The proposed exemption for futures trading of traditional agricultural products in the Derivatives Exchange will open up new opportunities for foreign businesses, without the administrative burden of obtaining an FBL.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-33lrs32-8f068e61259d6757266736d5a784fbd6\">\n#top .hr.hr-invisible.av-33lrs32-8f068e61259d6757266736d5a784fbd6{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-33lrs32-8f068e61259d6757266736d5a784fbd6 hr-invisible  avia-builder-el-49  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-lwpy81kx-9cc18cf13112897e7a8e3e49a6bb8c1a'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h3>Simplified Regulatory Landscape<\/h3>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2nd6972-a6969e1bad0e539920364f8ff2a0d5dc\">\n#top .hr.hr-invisible.av-2nd6972-a6969e1bad0e539920364f8ff2a0d5dc{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-2nd6972-a6969e1bad0e539920364f8ff2a0d5dc hr-invisible  avia-builder-el-51  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-lweszprc-88be92899bd7c56ee755b5ec2dc15877'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">The alignment of the FBL requirements with sector-specific regulations will streamline the approval process, reducing the time and resources required for foreign businesses to <a href=\"https:\/\/belaws.com\/thailand\/virtual-office\/\">establish operations in Thailand<\/a>.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-260qtxq-e1cb6c72809648ef14a9f2124443e0f7\">\n#top .hr.hr-invisible.av-260qtxq-e1cb6c72809648ef14a9f2124443e0f7{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-260qtxq-e1cb6c72809648ef14a9f2124443e0f7 hr-invisible  avia-builder-el-53  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-ut6ue7-0b25481654894514db55861e2236f3ce'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h3>Increased Technology Transfer and Workforce Development<\/h3>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-11665qm-5ff44cdafd10656dc443ea04e03e3551\">\n#top .hr.hr-invisible.av-11665qm-5ff44cdafd10656dc443ea04e03e3551{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-11665qm-5ff44cdafd10656dc443ea04e03e3551 hr-invisible  avia-builder-el-55  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-uy2ln2-8be580bbda2e1e7962cde73084bf5087'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">The exemptions for high-value business sectors, such as software development and IT management services, are expected to facilitate the transfer of technology and expertise from foreign businesses to Thailand, ultimately improving the skills and productivity of the Thai workforce.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-12q96u7-aa683bcd0b7848a6b6aaf165a623f568\">\n#top .hr.hr-invisible.av-12q96u7-aa683bcd0b7848a6b6aaf165a623f568{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-12q96u7-aa683bcd0b7848a6b6aaf165a623f568 hr-invisible  avia-builder-el-57  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-uonya6-9ec74edaaabae96f7c07807596f40b43'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h3>Improved Competitiveness<\/h3>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1imerb1-cff794f0decc0bf7a9fc8fb91084ebec\">\n#top .hr.hr-invisible.av-1imerb1-cff794f0decc0bf7a9fc8fb91084ebec{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-1imerb1-cff794f0decc0bf7a9fc8fb91084ebec hr-invisible  avia-builder-el-59  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-lwet11ir-8cd5ef07758d09491219252607f13c19'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">The proposed amendments are part of Thailand&#8217;s attempts to create a more attractive and competitive business environment, which will hopefully lead to increased foreign direct investment and economic growth.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-14rb2vx-7ff3aea5921d611e93982378bee96bad\">\n#top .hr.hr-invisible.av-14rb2vx-7ff3aea5921d611e93982378bee96bad{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-14rb2vx-7ff3aea5921d611e93982378bee96bad hr-invisible  avia-builder-el-61  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-on20pp-dee321a025b2e68fc9c8b3cfdfe5fe3b'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>How can Belaws help?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lxa4u1kj-767da1ad91cc935993b4b4da63f50aaa'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>For more information about the foreign business act in Thailand, why not talk to one of our experts now?<\/p>\n<\/div><\/section><br \/>\n<div  class='avia-button-wrap avia-button-left  avia-builder-el-64  el_after_av_textblock  el_before_av_textblock  bouton-cta' ><a href=\"https:\/\/wa.me\/+66636955945\" class=\"avia-button av-2rocsm-ad93c683973fd17f09fcd73d6f5e78e0 avia-icon_select-yes-right-icon avia-size-large avia-position-left avia-color-theme-color\" target=\"_blank\" rel=\"noopener noreferrer\"><span class='avia_iconbox_title' >Talk to an expert<\/span><span class='avia_button_icon avia_button_icon_right' aria-hidden='true' data-av_icon='\uf232' data-av_iconfont='entypo-fontello'><\/span><\/a><\/div><br \/>\n<section  class='av_textblock_section av-202agu-c2abc468d489a64dbd7aa9abcb6a5ea1'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>If you want to learn more about how our experts can help with your accounting and secretary needs, please click\u00a0<a href=\"https:\/\/belaws.com\/thailand\/accounting-secretary\/\" target=\"_blank\" rel=\"noopener\">here<\/a>. For more details about our incorporation services, please click<a href=\"https:\/\/belaws.com\/thailand\/incorporation\/\" target=\"_blank\" rel=\"noopener\">\u00a0here.<\/a><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-q93pwe-6d5bb40d417741c03ce1e2231424ffaa'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><em>Please note that this article is for information purposes only and <strong>does not constitute legal advice<\/strong>.<\/em><\/p>\n<\/div><\/section><br \/>\n<div  class='av-social-sharing-box av-l4rstf25-09aa8edfee9bfff0c66b62d8ea68b23c av-social-sharing-box-default  avia-builder-el-67  el_after_av_textblock  el_before_av_hr  av-social-sharing-box-fullwidth'><div class=\"av-share-box\"><h5 class='av-share-link-description av-no-toc '>Share this post<\/h5><ul class=\"av-share-box-list noLightbox\"><li class='av-share-link av-social-link-facebook' 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el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-p84k-4017eaf9b1649a60b0ff810854b78620'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_14'  itemprop=\"text\" ><p>Our consultations last for a period of up to 1 hour and are conducted by expert Lawyers who are fluent in English, French and Thai.<\/p>\n<p>Consultations can be hosted via WhatsApp or Video Conferencing software for your convenience. A consultation with one of our legal experts is undoubtedly the best way to get all the information you need and answer any questions you may have about your new business or project.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kslm1kpi-e6d522183c5eda06f320ce62b63c40c6\">\n#top .hr.hr-invisible.av-kslm1kpi-e6d522183c5eda06f320ce62b63c40c6{\nheight:15px;\n}\n<\/style>\n<div  class='hr av-kslm1kpi-e6d522183c5eda06f320ce62b63c40c6 hr-invisible  avia-builder-el-77  el_after_av_textblock  el_before_av_codeblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<br \/>\n<br \/>\n<br \/>\n<br \/>\n<\/p><\/div>\n\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-l8ctxpd9-095dc0c75aa2de5329ec8b624b867e69\">\n.avia-section.av-l8ctxpd9-095dc0c75aa2de5329ec8b624b867e69{\nbackground-color:#dfeef6;\n}\n<\/style>\n<div id='av_section_3'  class='avia-section av-l8ctxpd9-095dc0c75aa2de5329ec8b624b867e69 main_color avia-section-default avia-no-border-styling  avia-builder-el-83  el_after_av_section  el_before_av_one_full  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-13629'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-fyhro1-0cf30a10ffa966a21c55aed6dcf53641\">\n#top .hr.hr-invisible.av-fyhro1-0cf30a10ffa966a21c55aed6dcf53641{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-fyhro1-0cf30a10ffa966a21c55aed6dcf53641 hr-invisible  avia-builder-el-84  el_before_av_textblock  avia-builder-el-first  av-desktop-hide av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<section  class='av_textblock_section av-e8bwe9-42a5aa99fe46b76eb6bea8fd40de44ad'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h3_bleu'  itemprop=\"text\" ><h3 style=\"text-align: left;\">Frequently asked questions<\/h3>\n<\/div><\/section>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-37pzrl-0e2130f093209067c90d3f6b04c2d251\">\n#top .hr.hr-invisible.av-37pzrl-0e2130f093209067c90d3f6b04c2d251{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-37pzrl-0e2130f093209067c90d3f6b04c2d251 hr-invisible  avia-builder-el-86  el_after_av_textblock  el_before_av_toggle_container  av-desktop-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div  class='togglecontainer av-lzt6dque-50715774d8b4ef91f736b055ba71fe11  avia-builder-el-87  el_after_av_hr  avia-builder-el-last  av-accordion-style-2 toggle_close_all'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/FAQPage\" >\n<section class='av_toggle_section av-lzt6c9jm-198d8d224050fb13ec88cbea0150d76b'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{Tout} \"  ><p data-fake-id='#toggle-id-1' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-1'>What is the Foreign Business Act Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-1' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>The Foreign Business Act (FBA) is Thailand&#8217;s primary law governing foreign business operations in the country. It imposes restrictions on the types of businesses foreign entities can engage in and requires them to obtain a Foreign Business License (FBL) for most activities.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lzt6cnfm-ed93f9b48d497d0c81c4f823d951e758'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{Tout} \"  ><p data-fake-id='#toggle-id-2' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-2'>What are the proposed 2024 amendments to the FBA?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-2' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>The proposed amendments aim to relax restrictions on foreign business activities by exempting certain businesses from the FBL requirement. This includes futures trading of agricultural products, brokerage and agency businesses, and other services listed under List Three of the FBA.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lzt6d0uc-b74b671adf595c404540f76feb15b032'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{Tout} \"  ><p data-fake-id='#toggle-id-3' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-3'>Why is Thailand making these changes on the FBA?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-3' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Thailand is aiming to create a more attractive business environment to attract foreign investment and stimulate economic growth. The amendments are also intended to streamline regulations and promote technology transfer.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lzt6ddmn-8207375c87704596f41f58cac6ea6a6b'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{Tout} \"  ><p data-fake-id='#toggle-id-4' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-4'>What is the current status of the amendments?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-4' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>The proposed amendments are currently under public consultation and review. The final regulations are expected to be completed by the end of 2024.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lzt6doq0-a56ec61b63c31048795e5bed681212f0'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{Tout} \"  ><p data-fake-id='#toggle-id-5' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-5'>How will these changes affect foreign businesses?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-5' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>If approved, the amendments will provide foreign businesses with expanded opportunities, a simplified regulatory landscape, increased technology transfer, and improved competitiveness in Thailand.<\/p>\n<\/div><\/div><\/div><\/section>\n<\/div>\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='after_section_3'  class='main_color av_default_container_wrap container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-13629'><div class='entry-content-wrapper clearfix'>\n<div class='flex_column av-qqtyiz-0d401a2ec3b1be9fe8b6b4ff052340e0 av_one_full  avia-builder-el-88  el_after_av_section  el_before_av_section  avia-builder-el-no-sibling  first flex_column_div '   ><section  class='av_textblock_section av-2jjczv-f8cba9213d57d135389f2377189c4f87'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Related articles<\/h2>\n<\/div><\/section><br \/>\n<div id='av-masonry-1' class='av-masonry av-2fkee3-b62bdb658cee0ea53234de2b00e9e841 noHover av-flex-size av-large-gap av-hover-overlay-active av-masonry-animation-active av-masonry-col-3 av-caption-always av-caption-style- av-masonry-entries '><div class=\"av-masonry-container isotope av-js-disabled\"><div class='av-masonry-entry isotope-item av-masonry-item-no-image '><\/div><a href=\"https:\/\/belaws.com\/thailand\/fr\/prix-enregistrement-societe-en-thailande\/\" id=\"av-masonry-1-item-5194\" data-av-masonry-item=\"5194\" class=\"av-masonry-entry isotope-item post-5194 post type-post status-publish format-standard has-post-thumbnail hentry category-incorporation category-corporate tag-francais tag-limited-company tag-registering-a-company-in-thailand  av-masonry-item-with-image\" title=\"What is the cost of registering a company in Thailand?\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\"><div class='av-inner-masonry-sizer'><\/div><figure class='av-inner-masonry main_color'><div class=\"av-masonry-outerimage-container\"><div class='av-masonry-image-container'   ><img decoding=\"async\" width=\"705\" height=\"570\" class=\"wp-image-5196 avia-img-lazy-loading-not-5196\"  src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087-705x570.png\" title=\"What is the cost of registering a company in Thailand?\" alt=\"What is the cost of registering a company in Thailand?\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087-705x570.png 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087.png 990w\" sizes=\"(max-width: 705px) 100vw, 705px\" \/><\/div><\/div><figcaption class='av-inner-masonry-content site-background'><div class='av-inner-masonry-content-pos'><div class='av-inner-masonry-content-pos-content'><div class='avia-arrow'><\/div><h3 class='av-masonry-entry-title entry-title '  itemprop=\"headline\" >What is the cost of registering a company in Thailand in 2025?<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >21\/10\/2021<br \/>\r\nAll you need to know about the cost of creating and registering a company in Thailand.<\/div><span class='av-masonry-date meta-color updated'>octobre 21, 2021<\/span><span class=\"av-masonry-text-sep text-sep-author\">\/<\/span><span class='av-masonry-author meta-color author'><span class='fn'>par bertrand_admin_belaws<\/span><\/span><\/div><\/div><\/figcaption><\/figure><\/a><!--end av-masonry entry--><a href=\"https:\/\/belaws.com\/thailand\/fr\/raising-funds-thailand-safe\/\" id=\"av-masonry-1-item-5217\" data-av-masonry-item=\"5217\" class=\"av-masonry-entry isotope-item post-5217 post type-post status-publish format-standard has-post-thumbnail hentry category-raising-funds category-corporate category-incorporation  av-masonry-item-with-image\" title=\"Raising funds in Thailand with a SAFE\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\"><div class='av-inner-masonry-sizer'><\/div><figure class='av-inner-masonry main_color'><div class=\"av-masonry-outerimage-container\"><div class='av-masonry-image-container'   ><img decoding=\"async\" width=\"705\" height=\"570\" class=\"wp-image-5222 avia-img-lazy-loading-not-5222\"  src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091-705x570.png\" title=\"Raising funds in Thailand with a SAFE\" alt=\"Raising funds in Thailand with a SAFE\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091-705x570.png 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091.png 990w\" sizes=\"(max-width: 705px) 100vw, 705px\" \/><\/div><\/div><figcaption class='av-inner-masonry-content site-background'><div class='av-inner-masonry-content-pos'><div class='av-inner-masonry-content-pos-content'><div class='avia-arrow'><\/div><h3 class='av-masonry-entry-title entry-title '  itemprop=\"headline\" >Raising funds in Thailand with a SAFE<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >21\/10\/2021<br \/>\r\nAs an entrepreneur seeking funding in Thailand, there are a variety of term sheet options available, including the SAFE (Simple Agreement for Future Equity).<\/div><span class='av-masonry-date meta-color updated'>octobre 21, 2021<\/span><span class=\"av-masonry-text-sep text-sep-author\">\/<\/span><span class='av-masonry-author meta-color author'><span class='fn'>par bertrand_admin_belaws<\/span><\/span><\/div><\/div><\/figcaption><\/figure><\/a><!--end av-masonry entry--><a href=\"https:\/\/belaws.com\/thailand\/fr\/thai-company-shareholder-death\/\" id=\"av-masonry-1-item-5301\" data-av-masonry-item=\"5301\" class=\"av-masonry-entry isotope-item post-5301 post type-post status-publish format-standard has-post-thumbnail hentry category-incorporation category-corporate  av-masonry-item-with-image\" title=\"What happens to my Thai company if a shareholder passes away \/ dies?\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\"><div class='av-inner-masonry-sizer'><\/div><figure class='av-inner-masonry main_color'><div class=\"av-masonry-outerimage-container\"><div class='av-masonry-image-container'   ><img decoding=\"async\" width=\"705\" height=\"570\" class=\"wp-image-1011 avia-img-lazy-loading-not-1011\"  src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/08\/029-705x570.png\" title=\"What happens to my Thai company if a shareholder passes away \/ dies?\" alt=\"What happens to my Thai company if a shareholder passes away \/ dies?\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/08\/029-705x570.png 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/08\/029-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/08\/029-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/08\/029-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/08\/029-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/08\/029-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/08\/029.png 990w\" sizes=\"(max-width: 705px) 100vw, 705px\" \/><\/div><\/div><figcaption class='av-inner-masonry-content site-background'><div class='av-inner-masonry-content-pos'><div class='av-inner-masonry-content-pos-content'><div class='avia-arrow'><\/div><h3 class='av-masonry-entry-title entry-title '  itemprop=\"headline\" >What happens to my Thai company if a shareholder passes away \/ dies?<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >26\/10\/2021<br \/>\r\nTaking the time to plan for things such as the unexpected death or sickness to shareholders<\/div><span class='av-masonry-date meta-color updated'>octobre 26, 2021<\/span><span class=\"av-masonry-text-sep text-sep-author\">\/<\/span><span class='av-masonry-author meta-color author'><span class='fn'>par bertrand_admin_belaws<\/span><\/span><\/div><\/div><\/figcaption><\/figure><\/a><!--end av-masonry entry--><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-mw4lq3-4d1f7b909685b16735a77d3969f438e4\">\n#top .hr.hr-invisible.av-mw4lq3-4d1f7b909685b16735a77d3969f438e4{\nheight:160px;\n}\n<\/style>\n<div  class='hr av-mw4lq3-4d1f7b909685b16735a77d3969f438e4 hr-invisible  avia-builder-el-91  el_after_av_masonry_entries  el_before_av_hr  avia-builder-el-first '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2t7ggu-2a4c1573616b55e3f23896ce5c09b120\">\n#top .hr.hr-invisible.av-2t7ggu-2a4c1573616b55e3f23896ce5c09b120{\nheight:160px;\n}\n<\/style>\n<div  class='hr av-2t7ggu-2a4c1573616b55e3f23896ce5c09b120 hr-invisible  avia-builder-el-92  el_after_av_hr  avia-builder-el-last 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Belaws is not a \"lawyer referral service\" and does not provide legal service or participate in any legal representation.\r\n<br>Belaws is not a law firm or a substitute for an attorney or a law firm. 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