{"id":10096,"date":"2023-04-03T11:26:21","date_gmt":"2023-04-03T04:26:21","guid":{"rendered":"https:\/\/belaws.com\/thailand\/?p=10096"},"modified":"2025-09-18T12:36:31","modified_gmt":"2025-09-18T05:36:31","slug":"thai-partner-set-up-a-business-in-thailand","status":"publish","type":"post","link":"https:\/\/belaws.com\/thailand\/thai-partner-set-up-a-business-in-thailand\/","title":{"rendered":"Do I need a Thai partner to set up a business in thailand?"},"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\" ><nav aria-label=\"breadcrumbs\" class=\"rank-math-breadcrumb\"><p><span class=\"last\">Home<\/span><\/p><\/nav>\n<\/div><\/section>\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='introduction'  class='avia-section av-re718-6a245fcc227447d026dc3153b9173d31 main_color avia-section-no-padding avia-no-border-styling  avia-builder-el-1  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-10096'><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-2  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-3  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>legal<\/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>Do I need a Thai partner to set up a business in thailand?<\/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-6  el_after_av_textblock  el_before_av_post_metadata '><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-27jc7f4-78821087d4a0b59f33b142ffb69ad510\">\n#top .av-post-metadata-container.av-27jc7f4-78821087d4a0b59f33b142ffb69ad510{\ncolor:#1a4367;\n}\n<\/style>\n<div  class='av-post-metadata-container av-27jc7f4-78821087d4a0b59f33b142ffb69ad510 av-metadata-container-align-left  avia-builder-el-7  el_after_av_hr  el_before_av_textblock  av-metadata-container-1'><div class='av-post-metadata-container-inner'><span class=\"av-post-metadata-content av-post-metadata-meta-content\"><span class=\"av-post-metadata-content av-post-metadata-modified\"><span class=\"av-metadata-before av-metadata-before-modified\">Latest Update : <\/span><span class=\"av-post-metadata-modified-date\" >September 18, 2025<\/span><\/span><span class=\"av-post-metadata-content av-post-metadata-separator\">- <\/span><span class=\"av-post-metadata-content av-post-metadata-published\"><span class=\"av-metadata-before av-metadata-before-published\">Published date : <\/span><span class=\"av-post-metadata-published-date\" >April 3, 2023<\/span><\/span><\/span><\/div><\/div><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 is a popular destination for foreign investors, entrepreneurs, and companies who wish to set up a business in Thailand. However, foreign entrepreneurs often ask whether a <strong>Thai partner<\/strong> is mandatory when starting a business in Thailand. The answer isn\u2019t simple; legally, you do not need a <strong>Thai partner<\/strong>. However, some business activities require your company to have majority Thai ownership unless a Foreign Business Licence or <a href=\"https:\/\/belaws.com\/thailand\/legal\/boi-promotion\/\"><strong>BOI promotion<\/strong><\/a> can be obtained.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This blog post will explore this question and provide helpful information.<\/span><\/p>\n<\/div><\/section><\/p><\/div><div class='flex_column av-bmm5w-737f28be9bb008277e27311ae0eaf479 av_one_half  avia-builder-el-9  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-kscy8en7-0b16d253c6155a9ca1301806ef2acec6\">\n.avia-image-container.av-kscy8en7-0b16d253c6155a9ca1301806ef2acec6 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-kscy8en7-0b16d253c6155a9ca1301806ef2acec6 av-styling- avia-align-center  avia-builder-el-10  avia-builder-el-no-sibling  radius_10 img av-has-copyright av-copyright-icon-reveal'  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-10097 avia-img-lazy-loading-not-10097 avia_image' src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/04\/Do-I-need-a-Thai-partner-Starting-a-business-in-Thailand.png\" alt='Opening a Shop in Thailand' title='Opening a Shop in Thailand'  height=\"800\" width=\"990\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/04\/Do-I-need-a-Thai-partner-Starting-a-business-in-Thailand.png 990w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/04\/Do-I-need-a-Thai-partner-Starting-a-business-in-Thailand-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/04\/Do-I-need-a-Thai-partner-Starting-a-business-in-Thailand-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/04\/Do-I-need-a-Thai-partner-Starting-a-business-in-Thailand-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/04\/Do-I-need-a-Thai-partner-Starting-a-business-in-Thailand-15x12.png 15w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/04\/Do-I-need-a-Thai-partner-Starting-a-business-in-Thailand-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/04\/Do-I-need-a-Thai-partner-Starting-a-business-in-Thailand-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2023\/04\/Do-I-need-a-Thai-partner-Starting-a-business-in-Thailand-705x570.png 705w\" sizes=\"(max-width: 990px) 100vw, 990px\" \/><\/div><small class=\"avia-copyright\">&lt;a href=&quot;https:\/\/www.freepik.com\/free-vector\/two-business-partners-handshaking_9176945.htm#query=business%20partners&amp;position=1&amp;from_view=search&amp;track=ais&quot;&gt;Image by pch.vector&lt;\/a&gt; on Freepik<\/small><\/div><\/div><\/div><\/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-11  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-10096'><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-12  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-13  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;\">Foreign investors can set up a business in Thailand without a Thai partner.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Foreign ownership in certain industries may be restricted, and a Thai partner may be required to hold the majority share.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The FBA specifies which industries are open to foreign investment and the conditions under which foreign businesses can operate in Thailand. (<a href=\"https:\/\/www.boi.go.th\/index.php?page=legal_issues_for_investors_01_foreign_business_act&amp;language=fr\" target=\"_blank\" rel=\"noopener\">Source<\/a>)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Prohibited businesses are considered harmful to national security or public morals, and foreign businesses are prohibited from engaging in these activities in Thailand.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Restricted businesses require special permission from the Thai government, and foreign investment is limited to a certain percentage in these industries.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Foreign Business License (FBL) allows foreign businesses to engage in restricted business activities under the Foreign Business Act.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Board of Investment (BOI) <strong>allows 100% foreign ownership for promoted companies<\/strong>.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Foreigners can have control of a Thai Limited company through preference share structures.<\/span><\/li>\n<\/ul>\n<p>Read more:<\/p>\n<p><a href=\"https:\/\/belaws.com\/thailand\/benefits-limited-company\/\" target=\"_blank\" rel=\"noopener\">Benefits of Setting up a Limited Company in Thailand<\/a><\/p>\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>No Thai partner to set up a business in thailand<\/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 style=\"text-align: left;\"><span style=\"font-weight: 400;\">Contrary to popular belief, a Thai partner is optional when starting a business in Thailand. Foreign investors can own 100% of a company in some industries. <a href=\"https:\/\/belaws.com\/thailand\/thailand-tax-incentives-from-the-boi\/\">The Foreign Business Act of 1999<\/a> (FBA) regulates foreign investment in Thailand, allowing foreigners to own businesses in certain industries without a Thai partner.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lfuvuanp-11e18057aefd5ef1d08446459a7f985f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">However, there are some restrictions on foreign ownership in certain industries, and these restrictions vary depending on the industry. For example, in the case of banking, insurance, and telecommunications, foreign ownership is limited to a certain percentage, and a Thai partner may be required to hold the majority share.<\/span><\/p>\n<p>Read more:<\/p>\n<p><a href=\"https:\/\/belaws.com\/thailand\/virtual-banks\/\" target=\"_blank\" rel=\"noopener\">Virtual Banks are Coming to Thailand<\/a><\/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-18  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\" ><h2>Who would be a Foreign Shareholder in Thailand?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-m7kci8ox-93452d44e3f714eb55fbabdf0dc0b541'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Section 4 of the FBA defines a foreign shareholder as:<\/span><\/p>\n<ol>\n<li><span style=\"font-weight: 400;\"> A natural person who is not of Thai nationality;<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> A juristic person not registered in Thailand;<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> A juristic person registered in Thailand, being of the following descriptions:<\/span><\/li>\n<\/ol>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u00a0Being a juristic person at least one-half of capital shares of which are held by persons under (1) and (2) or a juristic person in which investment has been placed by the persons under (1) or (2) in the amount at least equivalent to one half of the total capital thereof; and<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Being a limited partnership or a registered ordinary partnership, the managing partner or the manager is the person under (1).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u00a0A juristic person in Thailand with at least one-half of the capital shares of which are held by persons under (1), (2) or (3) or a juristic person in which investment has been placed by the persons under (1), (2) or (3) in the amount at least equivalent to one half of the total capital thereof.<\/span><\/li>\n<\/ol>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-m7kcbs3t-211084d469e5cb81235b8f0fd60f18fe'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p>Read more:<\/p>\n<p><a href=\"https:\/\/belaws.com\/thailand\/thai-limited-companies-rights-of-shareholders\/\" target=\"_blank\" rel=\"noopener\">The rights of shareholders in Thai limited companies<\/a><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-46gfwb-58a10d20942bf67843dddd375c649e17\">\n#top .hr.hr-invisible.av-46gfwb-58a10d20942bf67843dddd375c649e17{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-46gfwb-58a10d20942bf67843dddd375c649e17 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-2ekuia-f4cdd029a06b7f44c122570d3699f8d9'  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?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-ldblbhc1-f298b29c3115cdbbbf6ad3768e1f1c33'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">The <a href=\"https:\/\/belaws.com\/thailand\/foreign-business-act-in-thailand\/\">Foreign Business Act<\/a> (FBA) is a law in Thailand that regulates foreign investment and business activities in the country. The FBA was first introduced in 1999 and has since undergone several amendments to reflect changing economic conditions and government policies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The purpose of the FBA is to protect and promote the interests of Thai businesses and to regulate foreign investment in Thailand. The law specifies which industries are open to foreign investment and the conditions under which foreign businesses can operate in Thailand.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lftcfecu-99507da8dbe302d3e41812707f9811fc'  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 divided into three categories: prohibited businesses, restricted businesses, and businesses that are not restricted. Prohibited businesses are considered harmful to national security or public morals, such as gambling, weapons production, and trading in narcotics. Foreign businesses are prohibited from engaging in these activities in Thailand.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Restricted businesses are important to the Thai economy and require special permission from the Thai government. These include industries such as telecommunications, banking, insurance, and education. In these industries, foreign investment is limited to a certain percentage, and a Thai partner may be required to hold the majority share.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lg0brnkx-6f7ad65d7fbe024a2dc65d215ed3db66'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Businesses that are not restricted are those that do not fall into prohibited or restricted categories. These businesses can be fully owned and operated by foreign investors in Thailand.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For more information about the Foreign Business Act, please see our blog:<\/span><\/p>\n<p><a href=\"https:\/\/belaws.com\/thailand\/foreign-business-act-in-thailand\/\" target=\"_blank\" rel=\"noopener\">Understanding the Foreign Business Act in Thailand<\/a><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-649b0e-50a8b59d6472fe9ba7b5e0d211b2e710\">\n#top .hr.hr-invisible.av-649b0e-50a8b59d6472fe9ba7b5e0d211b2e710{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-649b0e-50a8b59d6472fe9ba7b5e0d211b2e710 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-lezdvgsq-6e3e512aed92c5e125197232e9b4593f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Is there any way for a 100% owned company to undertake restricted activities under the FBA?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lezdvugg-68624e9d0f5e1cbb9aa84cb627635cfa'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">The Foreign Business License (FBL) is a permit issued by the Department of Business Development under the Ministry of Commerce in Thailand, which allows foreign businesses to engage in restricted business activities under the Foreign Business Act.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The FBL is required for foreign companies and individuals who wish to engage in certain business activities restricted or prohibited under the Foreign Business Act. The list of restricted business activities is set out in Annex 3 of the FBA and includes activities such as banking, insurance, tourism, and telecommunications.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-m7kcecfq-fe4fd050a2cbfae70f9d9b9ea98f5e6d'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>Read more:<\/p>\n<p><a href=\"https:\/\/belaws.com\/thailand\/starting-a-tourism-business-in-thailand\/\" target=\"_blank\" rel=\"noopener\">Starting a Tourism Business in Thailand<\/a><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lfj6xw35-28cf45f8f8cebf4bc4e4c9e92ca4572e'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">To obtain an FBL, the foreign business must apply to the Department of Business Development, along with supporting documents such as the company&#8217;s registration certificate, articles of association, and proof of shareholding. The application process can take several months, and the Department of Business Development may request additional information or clarification.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Once the FBL is issued, it&#8217;s valid for a period of one year and must be renewed annually. The FBL may also be subject to certain conditions and restrictions, such as the maximum percentage of foreign ownership allowed in the business.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-n8btz-a276190853c681e3e1790372dfc76068\">\n#top .hr.hr-invisible.av-n8btz-a276190853c681e3e1790372dfc76068{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-n8btz-a276190853c681e3e1790372dfc76068 hr-invisible  avia-builder-el-32  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-16jd8s6-5d54ca24f0008f27959b7c8c57186783'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>100% Foreign ownership under a BOI company<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lfwbstz4-d60c32fb3518268861669e82f02b60be'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">The BOI is an agency established by the Thai government to promote foreign investment and aims to attract high-quality investment and promote economic growth in Thailand.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are several advantages to applying for a BOI promotion, including 100% foreign ownership, the ability to hire foreign employees without having to satisfy the Thai-to-foreigner quota normal <a href=\"https:\/\/belaws.com\/thailand\/incorporation\/register-limited-company\/\">Thai limited companies<\/a> are subject to, and streamlined procedures for obtaining permits and licenses.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lfwbt0yo-711aca4cc5bcc94f6cedcb73d30765b3'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">However, most business activities in Thailand are restricted under the Foreign Business Act, so foreign investors must confirm their eligibility for BOI promotion before proceeding. Some business activities may need to meet the BOI&#8217;s requirements, making them ineligible for promotion. In such cases, a foreign business license may be an alternative. Despite this, many foreign investors still prefer to partner with a local company in Thailand.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2k6uycg-c603debbfecfe447e7627fe844ac1b84\">\n#top .hr.hr-invisible.av-2k6uycg-c603debbfecfe447e7627fe844ac1b84{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-2k6uycg-c603debbfecfe447e7627fe844ac1b84 hr-invisible  avia-builder-el-36  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-lfwbu2k8-097205084200d2625a2890da85937723'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Can a foreigner have control of a majority Thai-owned company?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lfwbuf49-671f603d276f97d1dd394169af668e0a'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Foreigners can have control of a Thai Limited company while still adhering to the ownership requirements of the FBA. This is due to the Thai interpretation of the law being about ownership and not controlling a company. Under the FBA, Foreigners can have majority voting rights and control in a Thai limited company through preference shares and weighted voting rights.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is important to note that using nominee shares in Thailand is expressly prohibited by the Foreign Business Act. A nominee shareholder is a person (Thai National) who has shares in a company but has no legal rights or ability to control nor manage the company.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-25nvskg-2f50ce4d87fcb54aed0422f9bc169ac0\">\n#top .hr.hr-invisible.av-25nvskg-2f50ce4d87fcb54aed0422f9bc169ac0{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-25nvskg-2f50ce4d87fcb54aed0422f9bc169ac0 hr-invisible  avia-builder-el-39  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-qyaccg-e2e36f9d29862f92df6d1c2ba3cab48f'  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-lfwbwr11-8e8587eb923849f473aa68dc5be4a28b'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">You can talk directly to one of our experts for more information about owning a company as a foreigner in Thailand.<\/span><\/p>\n<\/div><\/section><br \/>\n<div  class='avia-button-wrap avia-button-left  avia-builder-el-42  el_after_av_textblock  el_before_av_textblock  bouton-cta' ><a href=\"https:\/\/wa.me\/+66636955945\" class=\"avia-button av-2rocsm-d154d145431b4a8a4eb7043c51e06292 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-vy38za-80a3e6dfeda877fd8fff71dd3e08f6f1'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">If you want to learn more about how our experts can help with your accounting and secretary needs, please click <\/span><a href=\"https:\/\/belaws.com\/thailand\/accounting-secretary\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">here<\/span><\/a><span style=\"font-weight: 400;\">. For more details about our incorporation services, please click<\/span><a href=\"https:\/\/belaws.com\/thailand\/incorporation\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\"> here.<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lspj25-d36d79f33aa8e5369a2c12d2136a4fe9'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><em>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-45  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 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https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation.png 990w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation-705x570.png 705w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ksll297i-ac8feca4576cdd5bdd6e22d214756788\">\n#top .hr.hr-invisible.av-ksll297i-ac8feca4576cdd5bdd6e22d214756788{\nheight:25px;\n}\n<\/style>\n<div  class='hr av-ksll297i-ac8feca4576cdd5bdd6e22d214756788 hr-invisible  avia-builder-el-51  el_after_av_image  el_before_av_button '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<div  class='avia-button-wrap avia-button-center  avia-builder-el-52  el_after_av_hr  el_before_av_hr  bouton-cta' ><a href=\"https:\/\/calendly.com\/vbapartners\/legalconsultation\" class=\"avia-button av-j4oxcr-e0ea6afbeeb7bdc081b7ce55f0ab0b6f avia-icon_select-yes-right-icon avia-size-large avia-position-center avia-color-theme-color\" target=\"_blank\" rel=\"noopener noreferrer\"><span class='avia_iconbox_title' >Book now<\/span><span class='avia_button_icon avia_button_icon_right' aria-hidden='true' data-av_icon='\ue871' data-av_iconfont='entypo-fontello'><\/span><\/a><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1xgc7i-1f7cbfe8fdc424141cc6b6f218a09d50\">\n#top .hr.hr-invisible.av-1xgc7i-1f7cbfe8fdc424141cc6b6f218a09d50{\nheight:25px;\n}\n<\/style>\n<div  class='hr av-1xgc7i-1f7cbfe8fdc424141cc6b6f218a09d50 hr-invisible  avia-builder-el-53  el_after_av_button  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-55  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><\/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-61  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-10096'><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-62  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-64  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-lg1knm8c-9efdd830cef26e494263b3793a6fe51b  avia-builder-el-65  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-lg1kicca-63b3890181cb3e55059b9bc383737c81'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-1' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-1'>What are the requirements to start a business in 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>There are no mandatory requirements for a foreigner to start a business in Thailand, but certain industries have restrictions on foreign ownership, and a Thai partner may be required to hold the majority share. Foreigners can start a business in Thailand under the Foreign Business Act or by obtaining a Foreign Business License.<\/p>\n<section class=\"av_textblock_section av-lecoduec-7bfca396235ba7ff0cc8b08ce84134b9\">\n<div class=\"avia_textblock text_16\"><\/div>\n<\/section>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lg1kinkj-63d1eac684c972bc3f5d4fa5195acd5a'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-2' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-2'>Can a foreigner be a sole proprietor in Thailand?<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>Yes, a foreigner can be a sole proprietor in Thailand, but it is subject to certain industry-specific restrictions under the Foreign Business Act.<\/p>\n<section class=\"av_textblock_section av-lecoduec-7bfca396235ba7ff0cc8b08ce84134b9\">\n<div class=\"avia_textblock text_16\"><\/div>\n<\/section>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lg1kix2a-a86c0ce4ede525994203a35ae18690db'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-3' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-3'>Can foreigners own 100% of a business in Thailand?<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>Yes, foreigners can own 100% of a business in Thailand in some industries, but certain industries have restrictions on foreign ownership and require a Thai partner to hold the majority share.<\/p>\n<section class=\"av_textblock_section av-lecoduec-7bfca396235ba7ff0cc8b08ce84134b9\">\n<div class=\"avia_textblock text_16\"><\/div>\n<\/section>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lg1kj4ju-911635999d9cf92ee625f3941c389be9'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-4' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-4'>Can anyone open a business in Thailand?<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>Yes, anyone can open a business in Thailand, subject to the regulations under the Foreign Business Act.<\/p>\n<section class=\"av_textblock_section av-lecoduec-7bfca396235ba7ff0cc8b08ce84134b9\">\n<div class=\"avia_textblock text_16\"><\/div>\n<\/section>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lg1kjfk9-4e39e077502a564eab6b7957171b71e3'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-5' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-5'>How much is Thai tax for business?<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>The corporate tax rate for Thai companies is 20%, and the personal income tax rate varies depending on the income level.<\/p>\n<section class=\"av_textblock_section av-lecoduec-7bfca396235ba7ff0cc8b08ce84134b9\">\n<div class=\"avia_textblock text_16\"><\/div>\n<\/section>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lg1kjqgw-db43a9fc4d75903efd599a39e3551565'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-6' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-6'>How to register a company in Thailand as a foreigner?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-6' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><div class=\"flex-1 overflow-hidden\">\n<div class=\"react-scroll-to-bottom--css-abldj-79elbk h-full dark:bg-gray-800\">\n<div class=\"react-scroll-to-bottom--css-abldj-1n7m0yu\">\n<div class=\"flex flex-col items-center text-sm dark:bg-gray-800\">\n<div class=\"group w-full text-gray-800 dark:text-gray-100 border-b border-black\/10 dark:border-gray-900\/50 bg-gray-50 dark:bg-&#091;#444654&#093;\">\n<div class=\"text-base gap-4 md:gap-6 md:max-w-2xl lg:max-w-xl xl:max-w-3xl p-4 md:py-6 flex lg:px-0 m-auto\">\n<div class=\"relative flex w-&#091;calc(100%-50px)&#093; flex-col gap-1 md:gap-3 lg:w-&#091;calc(100%-115px)&#093;\">\n<div class=\"flex flex-grow flex-col gap-3\">\n<div class=\"min-h-&#091;20px&#093; flex flex-col items-start gap-4 whitespace-pre-wrap\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p>Foreigners can register a company in Thailand by following the registration procedures specified by the Department of Business Development under the Ministry of Commerce. The registration process includes obtaining a corporate tax ID, registering for VAT, and applying for any required permits or licenses. It is recommended to seek the assistance of a local legal advisor to ensure compliance with all relevant laws and regulations.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"flex justify-between lg:block\">\n<div class=\"text-gray-400 flex self-end lg:self-center justify-center mt-2 gap-2 md:gap-3 lg:gap-1 lg:absolute lg:top-0 lg:translate-x-full lg:right-0 lg:mt-0 lg:pl-2 visible\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"bottom-0 left-0 w-full border-t dark:border-white\/20 md:bg-vert-light-gradient bg-white dark:bg-gray-800 dark:md:bg-vert-dark-gradient pt-2\">\n<form class=\"stretch mx-2 flex flex-row gap-3 last:mb-2 md:mx-4 md:last:mb-6 lg:mx-auto lg:max-w-2xl xl:max-w-3xl\">\n<div class=\"relative flex h-full flex-1 md:flex-col\">\n<div class=\"flex ml-1 md:w-full md:m-auto md:mb-2 gap-0 md:gap-2 justify-center\"><\/div>\n<\/div>\n<\/form>\n<\/div>\n<section class=\"av_textblock_section av-lecoduec-7bfca396235ba7ff0cc8b08ce84134b9\">\n<div class=\"avia_textblock text_16\"><\/div>\n<\/section>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lg1kllvq-57d6ccbc6c5ad0c61c153ed4a683b544'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-7' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-7'>What is the Foreign Business Act, and how does it regulate foreign investment and business activities in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-7' 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 a law in Thailand that regulates foreign investment and business activities in the country. The FBA specifies which industries are open to foreign investment and the conditions under which foreign businesses can operate in Thailand.<\/p>\n<section class=\"av_textblock_section av-lecoduec-7bfca396235ba7ff0cc8b08ce84134b9\">\n<div class=\"avia_textblock text_16\"><\/div>\n<\/section>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lg1km1mp-d583cb07a2d0158bf016330ab66a3704'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-8' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-8'>What are the three categories of foreign businesses under the Foreign Business Act, and what are the restrictions for each category?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-8' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>The three categories of foreign businesses under the FBA are prohibited businesses, restricted businesses, and businesses that are not restricted. Prohibited businesses are considered harmful to national security or public morals and are prohibited from engaging in these activities in Thailand. Restricted businesses require special permission from the Thai government, and foreign investment is limited to a certain percentage in these industries. Businesses that are not restricted can be fully owned and operated by foreign investors in Thailand.<\/p>\n<section class=\"av_textblock_section av-lecoduec-7bfca396235ba7ff0cc8b08ce84134b9\">\n<div class=\"avia_textblock text_16\"><\/div>\n<\/section>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lg1kmgbj-6c52af58d0461eb303cbb1fd71e70429'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-9' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-9'>What is a Foreign Business License, and how can foreign companies and individuals obtain it in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-9' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>The Foreign Business License (FBL) is a permit issued by the Department of Business Development under the Ministry of Commerce in Thailand, which allows foreign businesses to engage in restricted business activities under the Foreign Business Act. To obtain an FBL, foreign companies and individuals must apply to the Department of Business Development, along with supporting documents such as the company\u2019s registration certificate, articles of association, and proof of shareholding.<\/p>\n<section class=\"av_textblock_section av-lecoduec-7bfca396235ba7ff0cc8b08ce84134b9\">\n<div class=\"avia_textblock text_16\"><\/div>\n<\/section>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lg1kmuf9-cd167cfc343ed2dda68788fda586f713'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-10' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-10'>What is the Board of Investment (BOI), and what are the advantages of applying for a BOI promotion in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-10' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>The Board of Investment (BOI) is an agency established by the Thai government to promote foreign investment and attract high-quality investment to promote economic growth in Thailand. The advantages of applying for a BOI promotion include 100% foreign ownership, the ability to hire foreign employees without having to satisfy the Thai-to-foreigner quota, and streamlined procedures for obtaining permits and licenses.<\/p>\n<section class=\"av_textblock_section av-lecoduec-7bfca396235ba7ff0cc8b08ce84134b9\">\n<div class=\"avia_textblock text_16\"><\/div>\n<\/section>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lg1kn6pe-6e0511c12934bcb73b16dd0b00a8204c'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-11' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-11'>Can foreigners have control of a majority Thai-owned company in Thailand, and what are the legal ways to do so?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-11' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Foreigners can have control of a Thai Limited company while still adhering to the ownership requirements of the FBA. Under the FBA, foreigners can have majority voting rights and control in a Thai limited company through preference shares and weighted voting rights.<\/p>\n<section class=\"av_textblock_section av-lecoduec-7bfca396235ba7ff0cc8b08ce84134b9\">\n<div class=\"avia_textblock text_16\"><\/div>\n<\/section>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-lg1knlgc-cdbb7f40c5b60a4d4dadd746958f12b5'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-12' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-12'>Are there any restrictions on using nominee shares in Thailand, and why are they prohibited under the Foreign Business Act?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-12' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><div class=\"flex-1 overflow-hidden\">\n<div class=\"react-scroll-to-bottom--css-abldj-79elbk h-full dark:bg-gray-800\">\n<div class=\"react-scroll-to-bottom--css-abldj-1n7m0yu\">\n<div class=\"flex flex-col items-center text-sm dark:bg-gray-800\">\n<div class=\"group w-full text-gray-800 dark:text-gray-100 border-b border-black\/10 dark:border-gray-900\/50 bg-gray-50 dark:bg-&#091;#444654&#093;\">\n<div class=\"text-base gap-4 md:gap-6 md:max-w-2xl lg:max-w-xl xl:max-w-3xl p-4 md:py-6 flex lg:px-0 m-auto\">\n<div class=\"relative flex w-&#091;calc(100%-50px)&#093; flex-col gap-1 md:gap-3 lg:w-&#091;calc(100%-115px)&#093;\">\n<div class=\"flex flex-grow flex-col gap-3\">\n<div class=\"min-h-&#091;20px&#093; flex flex-col items-start gap-4 whitespace-pre-wrap\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p>Using nominee shares in Thailand is expressly prohibited by the Foreign Business Act. A nominee shareholder is a person (Thai National) who has shares in a company but has no legal rights or ability to control nor manage the company. The prohibition is in place to prevent foreigners from using Thai nationals to bypass the ownership requirements of the FBA.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"flex justify-between lg:block\">\n<div class=\"text-gray-400 flex self-end lg:self-center justify-center mt-2 gap-2 md:gap-3 lg:gap-1 lg:absolute lg:top-0 lg:translate-x-full lg:right-0 lg:mt-0 lg:pl-2 visible\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"bottom-0 left-0 w-full border-t dark:border-white\/20 md:bg-vert-light-gradient bg-white dark:bg-gray-800 dark:md:bg-vert-dark-gradient pt-2\">\n<form class=\"stretch mx-2 flex flex-row gap-3 last:mb-2 md:mx-4 md:last:mb-6 lg:mx-auto lg:max-w-2xl xl:max-w-3xl\">\n<div class=\"relative flex h-full flex-1 md:flex-col\">\n<div class=\"flex ml-1 md:w-full md:m-auto md:mb-2 gap-0 md:gap-2 justify-center\"><\/div>\n<\/div>\n<\/form>\n<\/div>\n<section class=\"av_textblock_section av-lecoduec-7bfca396235ba7ff0cc8b08ce84134b9\">\n<div class=\"avia_textblock text_16\"><\/div>\n<\/section>\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-10096'><div class='entry-content-wrapper clearfix'><\/p>\n<div class='flex_column av-qqtyiz-0d401a2ec3b1be9fe8b6b4ff052340e0 av_one_full  avia-builder-el-66  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-2fkee3-4d8b01cce828896d386d5f27235f1b57 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\/boi-thailand-approves-new-investment-schemes\/\" id=\"av-masonry-1-item-7528\" data-av-masonry-item=\"7528\" class=\"av-masonry-entry isotope-item post-7528 post type-post status-publish format-standard has-post-thumbnail hentry category-blockchain tag-boi tag-boi-thailand  av-masonry-item-with-image\" title=\"boi visa &#038; work permit thailand BOI approves new investment schemes 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-7531 avia-img-lazy-loading-not-7531\"  src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-705x570.png\" title=\"boi visa &#038; work permit thailand BOI approves new investment schemes in Thailand\" alt=\"boi visa &amp; work permit thailand BOI approves new investment schemes in Thailand\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-705x570.png 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/06\/BOI-Investment.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\" >BOI approves new investment schemes in Thailand<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >21\/06\/2022<br \/>\r\nBOI Thailand approves new investment schemes and incentives worth 209.5 billion baht (US 6.2 billion).<\/div><span class='av-masonry-date meta-color updated'>June 21, 2022<\/span><span class=\"av-masonry-text-sep text-sep-author\">\/<\/span><span class='av-masonry-author meta-color author'><span class='fn'>by jonathan<\/span><\/span><\/div><\/div><\/figcaption><\/figure><\/a><!--end av-masonry entry--><a href=\"https:\/\/belaws.com\/thailand\/smart-city-promotion-incentives\/\" id=\"av-masonry-1-item-8877\" data-av-masonry-item=\"8877\" class=\"av-masonry-entry isotope-item post-8877 post type-post status-publish format-standard has-post-thumbnail hentry category-news category-legal tag-boi tag-boi-thailand  av-masonry-item-with-image\" title=\"BOI to offer Smart City Promotion Incentives 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-8878 avia-img-lazy-loading-not-8878\"  src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/10\/BOI-to-offer-Smart-City-Promotion-Incentives-in-Thailand-705x570.png\" title=\"BOI to offer Smart City Promotion Incentives in Thailand\" alt=\"BOI to offer Smart City promotion incentives in Thailand\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/10\/BOI-to-offer-Smart-City-Promotion-Incentives-in-Thailand-705x570.png 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/10\/BOI-to-offer-Smart-City-Promotion-Incentives-in-Thailand-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/10\/BOI-to-offer-Smart-City-Promotion-Incentives-in-Thailand-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/10\/BOI-to-offer-Smart-City-Promotion-Incentives-in-Thailand-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/10\/BOI-to-offer-Smart-City-Promotion-Incentives-in-Thailand-15x12.png 15w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/10\/BOI-to-offer-Smart-City-Promotion-Incentives-in-Thailand-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/10\/BOI-to-offer-Smart-City-Promotion-Incentives-in-Thailand-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/10\/BOI-to-offer-Smart-City-Promotion-Incentives-in-Thailand.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\" >BOI to offer Smart City promotion incentives in Thailand<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >20\/10\/2022<br \/>\r\n In this article we will take a look at the incentives available for foreign companies who operate within a Smart City.<\/div><span class='av-masonry-date meta-color updated'>October 20, 2022<\/span><span class=\"av-masonry-text-sep text-sep-author\">\/<\/span><span class='av-masonry-author meta-color author'><span class='fn'>by jonathan<\/span><\/span><\/div><\/div><\/figcaption><\/figure><\/a><!--end av-masonry entry--><a href=\"https:\/\/belaws.com\/thailand\/5-year-investment-promotion-strategy\/\" id=\"av-masonry-1-item-9063\" data-av-masonry-item=\"9063\" class=\"av-masonry-entry isotope-item post-9063 post type-post status-publish format-standard has-post-thumbnail hentry category-news category-accounting category-legal tag-boi tag-boi-thailand  av-masonry-item-with-image\" title=\"Thailand to adopt a new 5 year investment promotion strategy\" 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-9064 avia-img-lazy-loading-not-9064\"  src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Thailand-to-adopt-a-new-5-year-investment-promotion-strategy-705x570.png\" title=\"Thailand to adopt a new 5 year investment promotion strategy\" alt=\"Thailand to adopt a new 5 year investment promotion strategy\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Thailand-to-adopt-a-new-5-year-investment-promotion-strategy-705x570.png 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Thailand-to-adopt-a-new-5-year-investment-promotion-strategy-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Thailand-to-adopt-a-new-5-year-investment-promotion-strategy-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Thailand-to-adopt-a-new-5-year-investment-promotion-strategy-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Thailand-to-adopt-a-new-5-year-investment-promotion-strategy-15x12.png 15w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Thailand-to-adopt-a-new-5-year-investment-promotion-strategy-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Thailand-to-adopt-a-new-5-year-investment-promotion-strategy-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/11\/Thailand-to-adopt-a-new-5-year-investment-promotion-strategy.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\" >Thailand to adopt a new 5 year investment promotion strategy<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >04\/11\/2022<br \/>\r\nThailand\u2019s Board of Investment (BOI) has approved a new 5 year investment promotion strategy.<\/div><span class='av-masonry-date meta-color updated'>November 4, 2022<\/span><span class=\"av-masonry-text-sep text-sep-author\">\/<\/span><span class='av-masonry-author meta-color author'><span class='fn'>by jonathan<\/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-69  el_after_av_masonry_entries  el_before_av_hr  avia-builder-el-first 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