{"id":7217,"date":"2022-05-31T17:29:13","date_gmt":"2022-05-31T10:29:13","guid":{"rendered":"https:\/\/belaws.com\/thailand\/?p=7217"},"modified":"2024-12-19T10:51:45","modified_gmt":"2024-12-19T03:51:45","slug":"foreign-business-act-in-thailand","status":"publish","type":"post","link":"https:\/\/belaws.com\/thailand\/foreign-business-act-in-thailand\/","title":{"rendered":"Understanding the Foreign Business Act in Thailand"},"content":{"rendered":"<div id='breadcrumb_section'  class='avia-section av-ksd0xiy5-8d7aad9d55850bb423a0559dd08c567f main_color avia-section-default avia-no-border-styling  avia-builder-el-0  el_before_av_section  avia-builder-el-first  sticky avia-bg-style-scroll av-minimum-height av-minimum-height-custom  container_wrap sidebar_right'  ><div class='container av-section-cont-open' style='height:20px'><main  role=\"main\" itemprop=\"mainContentOfPage\"  class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-7217'><div class='entry-content-wrapper clearfix'>\n<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><\/span> \u203a\u203a Understanding the Foreign Business Act in Thailand<\/div>\n<\/div><\/section>\n\n<\/div><\/div><\/main><!-- close content main element --><\/div><\/div><div id='av_section_2'  class='avia-section av-re718-f933e9e3a470259eecd4d4692aaacea2 main_color avia-section-no-padding avia-no-border-styling  avia-builder-el-3  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-7217'><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-4  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-5  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>Understanding the Foreign Business Act 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-8  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;\">31\/05\/2022<\/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>Thailand has become an attractive hub for businesses looking to establish a presence in Asia. While Thailand actively looks to attract foreign businesses, there are certain business activities which are set aside for Thai nationals only. The Foreign Business Act (FBA) was introduced as a way to govern business activities involving foreign nationals and entities.<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-l3tw55yx-c806c4ffd8d6e247ec14242f90d59a5f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_18'  itemprop=\"text\" ><p>While certain activities are reserved for Thai nationals under the FBA, it is possible for foreign entities to legally undertake these activities by obtaining a Foreign Business License (\u201cFBL\u201d) from the Department of Business Development.<\/p>\n<\/div><\/section><\/p><\/div><div class='flex_column av-bmm5w-737f28be9bb008277e27311ae0eaf479 av_one_half  avia-builder-el-12  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-kscy8en7-5a4c46ea90ac7fb064c3064689ac6708\">\n.avia-image-container.av-kscy8en7-5a4c46ea90ac7fb064c3064689ac6708 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-kscy8en7-5a4c46ea90ac7fb064c3064689ac6708 av-styling- avia-align-center  avia-builder-el-13  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-7213 avia-img-lazy-loading-not-7213 avia_image' src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/05\/Understanding-the-Foreign-Business-Act-in-Thailand.png\" alt='Foreign Business License' title='Understanding the Foreign Business Act in Thailand'  height=\"800\" width=\"990\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/05\/Understanding-the-Foreign-Business-Act-in-Thailand.png 990w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/05\/Understanding-the-Foreign-Business-Act-in-Thailand-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/05\/Understanding-the-Foreign-Business-Act-in-Thailand-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/05\/Understanding-the-Foreign-Business-Act-in-Thailand-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/05\/Understanding-the-Foreign-Business-Act-in-Thailand-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/05\/Understanding-the-Foreign-Business-Act-in-Thailand-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/05\/Understanding-the-Foreign-Business-Act-in-Thailand-705x570.png 705w\" 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_3'  class='avia-section av-kscyoqk4-666a58ff317ddf61a5914fb400fd87f4 main_color avia-section-default avia-no-border-styling  avia-builder-el-14  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-7217'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-l15wxy29-cae6e9f0b4557b5102ed6f7645765103\">\n#top .hr.hr-invisible.av-l15wxy29-cae6e9f0b4557b5102ed6f7645765103{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-l15wxy29-cae6e9f0b4557b5102ed6f7645765103 hr-invisible  avia-builder-el-15  el_before_av_textblock  avia-builder-el-first '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kwobeftn-a4b402e7c7edab035ab41e4c2b013747\">\n#top .av_textblock_section.av-kwobeftn-a4b402e7c7edab035ab41e4c2b013747 .avia_textblock{\ncolor:#ffffff;\n}\n<\/style>\n<section  class='av_textblock_section av-kwobeftn-a4b402e7c7edab035ab41e4c2b013747'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock post_text_highlighting av_inherit_color'  itemprop=\"text\" ><p>Key points<\/p>\n<ul>\n<li>The Foreign Business Act restricts foreigners or foreign owned companies from undertaking over 50 business activities.<\/li>\n<li>In Thailand, if 50% or more of a company&#8217;s shares are owned by a foreigner, it is deemed foreign owned. The definition takes into account the \u201cownership\u201d and not the effective control of the company.<\/li>\n<li>In order for a foreign owned entity to be able to engage in any of the 50 prohibited activities a Foreign Business Licence is needed.<\/li>\n<li>In practice, many foreigners operate under a majority Thai owned company, to avoid the restrictions of the FBA. This is usually done with a preference share structure to allow foreign control. It should be noted that that the use of Thai nominee shares is forbidden under the FBA.<\/li>\n<\/ul>\n<\/div><\/section>\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-17  el_after_av_textblock  el_before_av_two_third  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-18  el_after_av_hr  el_before_av_one_third  first av-break-at-tablet flex_column_div '   ><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>Who does the Foreign Business Act consider a foreigner?<\/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>The FBA restricts foreigners or foreign owned companies from undertaking over 50 categories of business activities in Thailand. But what constitutes a \u2018foreigner\u2019 or \u2018foreign owned company\u2019 under the FBA?<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-l15x27pf-d0bde0c04e73ca6d5e54854b65c7527e'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>Section 4 of the FBA states the following:<\/p>\n<p>1) A natural person who is not of <a href=\"https:\/\/belaws.com\/thailand\/how-to-apply-for-thai-citizenship\/\">Thai nationality<\/a>;<\/p>\n<p>2) A juristic person not registered in Thailand;<\/p>\n<p>3) A juristic person registered in Thailand, being of the following descriptions:<\/p>\n<ul>\n<li>Being 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<\/li>\n<li>Being a limited partnership or a registered ordinary partnership, the managing partner or the manager, of which is the person under (1).<\/li>\n<\/ul>\n<p>4) A juristic person registered 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.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2jj305-8438facf165d88b85e127060910d7fd2\">\n#top .hr.hr-invisible.av-2jj305-8438facf165d88b85e127060910d7fd2{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-2jj305-8438facf165d88b85e127060910d7fd2 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-kyl070t4-c7d1bf9ad35d6da4ed768939f0001eb2'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Ownership of a Thai company under the Foreign Business Act?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-kwk5krax-8cf830073755e0902f70da8e3912ca4a'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>In relation to the 50 restricted business activities established under the FBA, foreign ownership of a limited company is capped at a maximum of 49.99% (unless an FBL or a BOI promotion has been obtained). If 50% or more of the shares of a company are owned by a foreigner, it is considered a foreign company.<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-l15xaep3-8eb47ff4c79989fd5e7e4fcb22751f70'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>However, being a minority shareholder in a Thai Limited company does have some advantages over a 100% foreign-owned company. For example, a company which has less than 50% foreign owned shares is considered a Thai company, and therefore, not subject to the restrictions of the FBA.<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-l1g6ybus-128b5e11bf2eeade2f4a9421b57c0a99'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>It is possible for foreigners to have control of a <a href=\"https:\/\/belaws.com\/thailand\/benefits-limited-company\/\">Thai Limited company<\/a> 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 control of a company. Under the FBA, Foreigners are allowed to have majority voting rights and control in a Thai limited company through preference shares and weighted voting rights.<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-l3twj8m5-0a0eae22f1369f46891dfa49626e0678'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>It is important to note that the use of <a href=\"https:\/\/belaws.com\/thailand\/types-of-shares\/\">nominee shares in Thailand<\/a> 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.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-8dxrl-3492d72ce12cbe10a5c6c2c8f38910fd\">\n#top .hr.hr-invisible.av-8dxrl-3492d72ce12cbe10a5c6c2c8f38910fd{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-8dxrl-3492d72ce12cbe10a5c6c2c8f38910fd hr-invisible  avia-builder-el-28  el_after_av_textblock  el_before_av_image  av-medium-hide av-small-hide av-mini-hide'><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-m2x1pdvm-0a85d7648b204eb1ed3ccb14ab5006e9\">\n.avia-image-container.av-m2x1pdvm-0a85d7648b204eb1ed3ccb14ab5006e9 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-m2x1pdvm-0a85d7648b204eb1ed3ccb14ab5006e9 av-styling- avia-align-center  avia-builder-el-29  el_after_av_hr  el_before_av_hr '  itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><a href=\"https:\/\/belaws.com\/thailand\/whatsapplink\/\" class='avia_image'  target=\"_blank\"  rel=\"noopener noreferrer\"><img decoding=\"async\" class='wp-image-14433 avia-img-lazy-loading-not-14433 avia_image' src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/05\/Contactus-banner.webp\" alt='Belaws Contact us' title='Belaws Contact us'  height=\"362\" width=\"1000\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/05\/Contactus-banner.webp 1000w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/05\/Contactus-banner-300x109.webp 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/05\/Contactus-banner-768x278.webp 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/05\/Contactus-banner-18x7.webp 18w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/05\/Contactus-banner-990x358.webp 990w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/05\/Contactus-banner-705x255.webp 705w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/a><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-e12zid-d22067e9a092c14eba134a63127ae230\">\n#top .hr.hr-invisible.av-e12zid-d22067e9a092c14eba134a63127ae230{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-e12zid-d22067e9a092c14eba134a63127ae230 hr-invisible  avia-builder-el-30  el_after_av_image  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-2581ji-b736fb4fb48ac0a6778d5d6cda020577'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>What are the restricted activities established by the Foreign Business Act?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-kyl08l2f-0e03dd59589526659769d819e8bbc570'  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 restricts foreigners from undertaking about 50 types of business. These business activities have been grouped into three lists.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-l15xcamk-8dea1b0e8668809184e20d709817dff4'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><ul>\n<li><span style=\"font-weight: 400;\"><strong>List one<\/strong> includes newspaper businesses, animal farming, land trading and other activities. Foreigners are prohibited from operating businesses in list one for \u201cspecial reasons\u201d and there is no approval available for a foreigner or foreign entity to obtain.<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-l2yhw2bb-c02fb9498f470155e76312e048c9daad'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><ul>\n<li><strong>List two<\/strong> has three groups and includes businesses related to national security and domestic land, waterway, or air transportation (including the domestic airline business).\u00a0 Foreigners or foreign entities can operate a business engaged in list two activities if approval has been given by the Minister of Commerce and the Cabinet. However, it is very difficult to obtain such approval.<\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-l2yc0y1q-a1dcec8d750c5df311dc15712d798902'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><ul>\n<li><strong>List three<\/strong> Foreigners and foreign entities are prohibited from engaging in list three activities on the grounds that \u201cThai nationals are not ready to compete\u201d with foreigners. It is possible for foreigners and foreign entities to receive approval from the Director-General of the Commercial Registration of the Department of Business Development and the Foreign Business Committee for these activities. List three consists of \u201cother categories of service business except those prescribed by ministerial regulations\u201d.<\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-l3twya7l-e547b791a16185f5db81cd6abe9a50aa'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>For a full list of the restricted business activities, please see below.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-l3u13zra-700659c6041e0a94b41df29b6dcfef5b\">\n#top .togglecontainer.av-l3u13zra-700659c6041e0a94b41df29b6dcfef5b p.toggler{\ncolor:#2a8bc4;\nbackground-color:#dfeef6;\n}\n#top .togglecontainer.av-l3u13zra-700659c6041e0a94b41df29b6dcfef5b p.toggler .toggle_icon{\ncolor:#2a8bc4;\nborder-color:#2a8bc4;\n}\n#top .togglecontainer.av-l3u13zra-700659c6041e0a94b41df29b6dcfef5b .toggle_wrap .toggle_content{\ncolor:#2a8bc4;\nbackground-color:#dfeef6;\n}\n<\/style>\n<div  class='togglecontainer av-l3u13zra-700659c6041e0a94b41df29b6dcfef5b  avia-builder-el-37  el_after_av_textblock  el_before_av_hr  toggle_close_all' >\n<section class='av_toggle_section av-2x8qgh-d60b4846cae49971311ef8b95a43efc2'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-1' class='toggler   av-inherit-font-color hasCustomColor'  itemprop=\"headline\"  role='tab' tabindex='0' aria-controls='toggle-id-1'>List 1: Business not permitted to foreigners<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-1' class='toggle_wrap  '  ><div class='toggle_content invers-color av-inherit-font-color hasCustomColor'  itemprop=\"text\" ><p class=\"nitro-offscreen\">The following businesses are not available to foreigners, unless special permission has been granted:<\/p>\n<ol class=\"nitro-offscreen\">\n<li>The press, radio broadcasting station or radio and television station business;<\/li>\n<li>Rice farming, plantation or crop growing;<\/li>\n<li>Livestock farming;<\/li>\n<li>Forestry and timber processing from a natural forest;<\/li>\n<li>Fishery, only in respect of the catchment of aquatic animals in Thai waters and specific economic zones of Thailand;<\/li>\n<li>Extraction of Thai medicinal herbs;<\/li>\n<li>Trading and auction sale objects or objects of the historical value of Thailand;<\/li>\n<li>Making or casting Buddha images and monk alms-bowls; and<\/li>\n<li>Land trading.<\/li>\n<\/ol>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-l3u13of0-1b699e3817d2ba6cea713d75f30b60fb'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-2' class='toggler   av-inherit-font-color hasCustomColor'  itemprop=\"headline\"  role='tab' tabindex='0' aria-controls='toggle-id-2'>List 2: Business Permitted to Foreigners under certain conditions<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-2' class='toggle_wrap  '  ><div class='toggle_content invers-color av-inherit-font-color hasCustomColor'  itemprop=\"text\" ><p class=\"nitro-offscreen\">Section 15 of the FBA provides that a foreigner who is a juristic person, may undertake any business stated in List Two, if no less than fifty percent of the companies shares are held by Thai nationals or juristic persons which are not classed as foreigners under the FBA.<\/p>\n<p class=\"nitro-offscreen\">Business activities include:<\/p>\n<ul>\n<li class=\"nitro-offscreen\">businesses related to national safety or security or<\/li>\n<li class=\"nitro-offscreen\">having an impact on arts, culture, traditions, customs and folklore handicrafts or<\/li>\n<li class=\"nitro-offscreen\">natural resources and the environment.<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-l3u13z86-0d2bcb1817d7b9619b7a35c4ee59532f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-3' class='toggler   av-inherit-font-color hasCustomColor'  itemprop=\"headline\"  role='tab' tabindex='0' aria-controls='toggle-id-3'>List 3: Businesses in which Thai nationals are not ready to compete with foreigners<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-3' class='toggle_wrap  '  ><div class='toggle_content invers-color av-inherit-font-color hasCustomColor'  itemprop=\"text\" ><p class=\"nitro-offscreen\">The activities stated below are designated as businesses in which Thai nationals are not yet ready to compete with foreigners:<\/p>\n<ol class=\"nitro-offscreen\">\n<li>Rice milling and production of flour from rice and economic plants;<\/li>\n<li>Fishery only in respect of the hatching and raising of aquatic animals;<\/li>\n<li>Forestry from a grown forest;<\/li>\n<li>Production of plywood, veneer wood, chipboards or hardboards;<\/li>\n<li>Production of lime;<\/li>\n<li>Provision of accounting services;<\/li>\n<li>Provision of legal services;<\/li>\n<li>Provision of architectural services;<\/li>\n<li>Provision of engineering services;<\/li>\n<li>Construction, with the exception of:\n<ol class=\"double\">\n<li>Construction of structures for delivery of infrastructure public services in the sphere of public utilities or transportation requiring the use of special apparatuses, machines, technology or expertise, with the minimum capital of five hundred million baht or upwards from foreigners;<\/li>\n<li>Construction of other types as prescribed in the Ministerial Regulation<\/li>\n<\/ol>\n<\/li>\n<li>Brokerage or agency businesses, with the exception of:\n<ol class=\"double\">\n<li>being a broker or an agent in the sale or purchase of securities or in services related to futures trading of agricultural commodities or financing instruments or securities;<\/li>\n<li>being a broker or an agent in the sale, purchase or procurement of goods or services necessary for the production or the provision of services amongst affiliated enterprises;<\/li>\n<li>being a broker or an agent in the sale or purchase, procurement, distribution or acquisition of domestic and foreign markets for the distribution of domestically manufactured or imported goods, which is in character the operation of international trade, with the minimum capital of one hundred million baht or upwards from foreigners<\/li>\n<li>being a broker or an agent of other types as prescribed in the Ministerial Regulation<\/li>\n<\/ol>\n<\/li>\n<li>Sale by auction, with the exception of:\n<ol class=\"double\">\n<li>a sale by auction which, in character, involves international bidding of items other than antiques, objects of antiquity or artistic objects that are artistic works or handicrafts or objects of antiquity of Thailand or of historical value of the country;<\/li>\n<li>sales by auction of other types as prescribed in the Ministerial Regulation 20<\/li>\n<\/ol>\n<\/li>\n<li>Internal trade related to traditional agricultural products or produce not yet prohibited by law;<\/li>\n<li>Retail sale of goods of all types with the total minimum capital in the amount lower than one hundred million Baht or with the minimum capital of each store in the amount lower than twenty million baht;<\/li>\n<li>Wholesale of all types with the minimum capital of each store in the amount lower than one hundred million baht;<\/li>\n<li>Advertising business;<\/li>\n<li>Hotel business, with the exception of the hotel management service;<\/li>\n<li>Guided touring;<\/li>\n<li>Sale of food and beverages;<\/li>\n<li>Cultivation, propagation or development of plant varieties;<\/li>\n<li>Other service businesses, with the exception of service businesses as prescribed in the Ministerial Regulation.<\/li>\n<\/ol>\n<\/div><\/div><\/div><\/section>\n<\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-38vaya-d4a0975981dce01109006d37b98287ae\">\n#top .hr.hr-invisible.av-38vaya-d4a0975981dce01109006d37b98287ae{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-38vaya-d4a0975981dce01109006d37b98287ae hr-invisible  avia-builder-el-38  el_after_av_toggle_container  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-l2fyasys-1307cc3efca9fb9872f0666fbc031eb1'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Foreign Business Licenses<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-l15xnhqh-7b53f7be9b3796354a4d61704cb9e6c7'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>If a foreign entity wishes to engage in any of the activities listed in List 2 or List 3 of the Foreign Business Act in Thailand, they will need to obtain a &#8220;Foreign Business License&#8221;.<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-l2hbao3x-298a03ac9747bc8dc1a3f11219d2a26d'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>In order to apply for a Foreign Business Licence, an application must be filed with the Business Department, and reviewed by the Cabinet or Foreign Business Committee.<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-l2suqvag-b8ed0d5487d4ffbbfc4e6d91af73b483'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>When considering applications, various criteria will be considered. Examples include:<\/p>\n<ul>\n<li>the advantages and disadvantages to the nation&#8217;s safety and security,<\/li>\n<li>economic and social development,<\/li>\n<li>size of the enterprise and<\/li>\n<li>local employment opportunities, etc.<\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-l3txcjds-8a64626db9500fd5940dfc65109dd8be'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>Approval of a business license application is more likely when the authorities view the business as:<\/p>\n<ul>\n<li>providing significantly more benefits,<\/li>\n<li>protecting and promoting Thai interests and<\/li>\n<li>not being in direct competition with Thai owned businesses.<\/li>\n<\/ul>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2kw770-1954c10f8600304ec2512f2cfed984ad\">\n#top .hr.hr-invisible.av-2kw770-1954c10f8600304ec2512f2cfed984ad{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-2kw770-1954c10f8600304ec2512f2cfed984ad hr-invisible  avia-builder-el-44  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-l3txvs7a-f6e83dd2c1c609cc353ddd6c3e8ccd0c'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>What is the application process and how long does it take to get a Foreign Business License?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-l3txw9ot-41f137a30f3a51550b0bd7ae8e85295c'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>A foreign company interested in obtaining a FBL must submit an application and any necessary documents to the Director-General of the Department of Business Development.<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-l3txwjgs-c4e5649cc0edaef6ce415756783b95ca'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>The Director-General will make a decision regarding the application within 60 days from filing the application. The Director-General will then issue the license within 15 days after the approval date. In practice, the process takes around 6 months and there is no guarantee the applicant will obtain it.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-9xnxt-e49a0b3a952b13a3418c18f56b317f4f\">\n#top .hr.hr-invisible.av-9xnxt-e49a0b3a952b13a3418c18f56b317f4f{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-9xnxt-e49a0b3a952b13a3418c18f56b317f4f hr-invisible  avia-builder-el-48  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-l2suw07g-a6ee9eb160f59aac5d418fdc7381d6b8'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>How can our team of experts help?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-l2suw943-b5dfde6237799d08dbb9c0174c9ca517'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>While foreign owned entities are restricted from undertaking certain business activities under the Foreign Business Act, it is possible for such companies to apply for a <a href=\"https:\/\/belaws.com\/thailand\/incorporation\/foreign-business-licence\/\">Foreign Business Licence<\/a> in order to legally be able to do so. However, in practice there are some business activities for which a Foreign Business License would never be granted and there is no guarantee you will receive a Foreign Business Licence after application.<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-l3txx9u1-83f31677cf4e0070ea95016ec6616858'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>In order to learn more about the Foreign Business Licence or incorporation matters in general, please feel free to <a href=\"https:\/\/calendly.com\/belaws\/legalthailand?month=2022-05\" target=\"_blank\" rel=\"noopener\">book a consultation with our experts<\/a>.<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-l3txylyg-00b60f71fa9c0285111637300ab952da'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>Alternatively, If you have an existing matter and you need assistance from our experts, you can post a job request here. Our experts will review the request and refer back to you with more details as soon as possible<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-kwblafeu-fa8abdc7a421e9b5fd2c4bc45ad5f636'  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-l4qj2qbd-5a0c370d298216b0faccf42be2395df0 av-social-sharing-box-default  avia-builder-el-54  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' ><a target=\"_blank\" aria-label=\"Share on Facebook\" 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href='mailto:?subject=Understanding%20the%20Foreign%20Business%20Act%20in%20Thailand&#038;body=https:\/\/belaws.com\/thailand\/foreign-business-act-in-thailand\/' aria-hidden='false' data-av_icon='\ue805' data-av_iconfont='entypo-fontello' title='' data-avia-related-tooltip='Share by Mail'><span class='avia_hidden_link_text'>Share by Mail<\/span><\/a><\/li><\/ul><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-zyp8-41a00f5f67705ff7f7f0e4aaa8988d15\">\n#top .hr.hr-invisible.av-zyp8-41a00f5f67705ff7f7f0e4aaa8988d15{\nheight:80px;\n}\n<\/style>\n<div  class='hr av-zyp8-41a00f5f67705ff7f7f0e4aaa8988d15 hr-invisible  avia-builder-el-55  el_after_av_social_share  avia-builder-el-last '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><\/p><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-azojo-c10ff086f5ea06607aa070a5d0003c98\">\n.flex_column.av-azojo-c10ff086f5ea06607aa070a5d0003c98{\nborder-radius:0px 0px 0px 0px;\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\npadding:0px 30px 30px 30px;\nbackground-color:#ffffff;\n}\n<\/style>\n<div class='flex_column av-azojo-c10ff086f5ea06607aa070a5d0003c98 av_one_third  avia-builder-el-56  el_after_av_two_third  el_before_av_textblock  right_Column_Blog av-break-at-tablet flex_column_div '   ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kslkbhig-edfbb769ec414c16ec07823d03873c46\">\n#top .hr.hr-invisible.av-kslkbhig-edfbb769ec414c16ec07823d03873c46{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-kslkbhig-edfbb769ec414c16ec07823d03873c46 hr-invisible  avia-builder-el-57  el_before_av_hr  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><br 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><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><a href=\"https:\/\/calendly.com\/belaws\/legalthailand?month=2022-05\" class=\"avia_image\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" class='wp-image-6668 avia-img-lazy-loading-not-6668 avia_image' src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation-300x242.png\" alt='Immediate Consultation' title='Immediate Consultation'  height=\"242\" width=\"300\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation-300x242.png 300w, 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, 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href=\"https:\/\/calendly.com\/vbapartners\/legalconsultation\" class=\"avia-button av-ksllqrx2-5471a7ff4cce3b7ae8ac9c752c77808e 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='\ue88d' 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-62  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-64  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><section  class='av_textblock_section av-l4qj3x7m-c42682f267383ad50c749091a5c0b862'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Related Posts<\/h2>\n<\/div><\/section>\n<div id='av-masonry-1' class='av-masonry av-l4qj3i8h-728f3bf20d87646c51ccc7cae34f16d9 noHover av-flex-size av-1px-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\/company-setup-in-thailand\/\" id=\"av-masonry-1-item-16726\" data-av-masonry-item=\"16726\" class=\"av-masonry-entry isotope-item post-16726 post type-post status-publish format-standard has-post-thumbnail hentry category-incorporation  av-masonry-item-with-image\" title=\"Company Setup 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-16728 avia-img-lazy-loading-not-16728\"  src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/Company-Setup-in-Tha._imresizer-_1_-705x570.webp\" title=\"Company Setup in Thailand\" alt=\"Company Setup in Thailand\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/Company-Setup-in-Tha._imresizer-_1_-705x570.webp 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/Company-Setup-in-Tha._imresizer-_1_-300x242.webp 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/Company-Setup-in-Tha._imresizer-_1_-1030x832.webp 1030w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/Company-Setup-in-Tha._imresizer-_1_-768x621.webp 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/Company-Setup-in-Tha._imresizer-_1_-15x12.webp 15w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/Company-Setup-in-Tha._imresizer-_1_-495x400.webp 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/Company-Setup-in-Tha._imresizer-_1_-845x684.webp 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/Company-Setup-in-Tha._imresizer-_1_.webp 1496w\" 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\" >Minimum Capital Needed for Company Setup in Thailand in 2026<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >22\/07\/2025<br \/>\r\nThailand\u2019s 2025 cannabis laws restrict use to licensed medical-only dispensaries.<\/div><span class='av-masonry-date meta-color updated'>September 4, 2025<\/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\/thailand-cannabis-regulations-2025\/\" id=\"av-masonry-1-item-16715\" data-av-masonry-item=\"16715\" class=\"av-masonry-entry isotope-item post-16715 post type-post status-publish format-standard has-post-thumbnail hentry category-incorporation tag-business-in-thailand  av-masonry-item-with-image\" title=\"Thailand cannabis regulations 2025\" 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-16717 avia-img-lazy-loading-not-16717\"  src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/Cannabis-_1__imresizer-705x570.webp\" title=\"Thailand cannabis regulations 2025\" alt=\"Thailand cannabis regulations 2025\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/Cannabis-_1__imresizer-705x570.webp 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/Cannabis-_1__imresizer-300x242.webp 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/Cannabis-_1__imresizer-1030x832.webp 1030w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/Cannabis-_1__imresizer-768x621.webp 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/Cannabis-_1__imresizer-1536x1241.webp 1536w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/Cannabis-_1__imresizer-15x12.webp 15w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/Cannabis-_1__imresizer-1500x1212.webp 1500w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/Cannabis-_1__imresizer-495x400.webp 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/Cannabis-_1__imresizer-845x684.webp 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/Cannabis-_1__imresizer.webp 1741w\" 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 Cannabis Regulations 2025: Key Business Insights<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >31\/07\/2025<br \/>\r\nThailand\u2019s 2025 cannabis laws restrict use to licensed medical-only dispensaries.<\/div><span class='av-masonry-date meta-color updated'>July 31, 2025<\/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\/new-boi-thailand-rules\/\" id=\"av-masonry-1-item-16698\" data-av-masonry-item=\"16698\" class=\"av-masonry-entry isotope-item post-16698 post type-post status-publish format-standard has-post-thumbnail hentry category-incorporation tag-tax  av-masonry-item-with-image\" title=\"New BOI 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-16701 avia-img-lazy-loading-not-16701\"  src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/BOI-Thailand-705x570.webp\" title=\"New BOI Thailand\" alt=\"New BOI Thailand\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/BOI-Thailand-705x570.webp 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/BOI-Thailand-300x243.webp 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/BOI-Thailand-1030x833.webp 1030w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/BOI-Thailand-768x621.webp 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/BOI-Thailand-1536x1242.webp 1536w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/BOI-Thailand-15x12.webp 15w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/BOI-Thailand-1500x1213.webp 1500w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/BOI-Thailand-495x400.webp 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/BOI-Thailand-845x684.webp 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2025\/07\/BOI-Thailand.webp 1556w\" 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\" >New BOI Thailand Foreign Staff Rules 2025: Complete Guide<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >17\/07\/2025<br \/>\r\nNew BOI rules 2025: foreign staff ratios, salary limits & compliance deadlines.<\/div><span class='av-masonry-date meta-color updated'>July 17, 2025<\/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>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kwbmgoj8-6dc09b81cb16036ac7d89efee366ca1b\">\n#top .hr.hr-invisible.av-kwbmgoj8-6dc09b81cb16036ac7d89efee366ca1b{\nheight:160px;\n}\n<\/style>\n<div  class='hr av-kwbmgoj8-6dc09b81cb16036ac7d89efee366ca1b hr-invisible  avia-builder-el-72  el_after_av_masonry_entries  avia-builder-el-no-sibling '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\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-k144d1-24262e3b62bfe8c1eacb8f320581e8a6\">\n.avia-section.av-k144d1-24262e3b62bfe8c1eacb8f320581e8a6{\nbackground-color:#dfeef6;\n}\n<\/style>\n<div id='av_section_4'  class='avia-section av-k144d1-24262e3b62bfe8c1eacb8f320581e8a6 main_color avia-section-default 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av-equal-height-column-flextable'>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-g9ppyt-6c02505b7cfdda95c8444b3e065168ac\">\n.flex_column.av-g9ppyt-6c02505b7cfdda95c8444b3e065168ac{\npadding:0 30px 0 0;\n}\n<\/style>\n<div class='flex_column av-g9ppyt-6c02505b7cfdda95c8444b3e065168ac av_one_half  avia-builder-el-76  el_after_av_hr  el_before_av_one_half  first av-break-at-tablet flex_column_table_cell av-equal-height-column av-align-top '   ><section  class='av_textblock_section av-e3vamd-2831d275065bb53943684a2c5ec0af0e'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='av-medium-hide av-small-hide av-mini-hide avia_textblock h3_bleu_clair2'  itemprop=\"text\" ><h3 style=\"text-align: right;\">Subscribe today<\/h3>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-bqzb6t-efb495a57299c244c3822ff190a042b8'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='av-desktop-hide avia_textblock h3_bleu_clair2'  itemprop=\"text\" ><h3 style=\"text-align: center;\">Subscribe today<\/h3>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-av4elx-48dd3241b687c37b0e7a9812bbf0eb7e'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='av-medium-hide av-small-hide av-mini-hide avia_textblock text_18'  itemprop=\"text\" ><p style=\"text-align: right;\">To our newsletter for all the latest legal news<br \/>\nin South East Asia, Belaws updates and<br \/>\nspecial promotions on our services.<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-986x5h-7c71a1bbb1ea1ce18f49928a629c3788'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='av-desktop-hide avia_textblock text_18'  itemprop=\"text\" ><p style=\"text-align: center;\">To our newsletter today for all the latest legal news in South East Asia,<br \/>\nBelaws updates and special promotions on our services.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-78yu1x-9625841b5b1732a37c333bcfc0c6e279\">\n#top .hr.hr-invisible.av-78yu1x-9625841b5b1732a37c333bcfc0c6e279{\nheight:20px;\n}\n<\/style>\n<div  class='hr av-78yu1x-9625841b5b1732a37c333bcfc0c6e279 hr-invisible  avia-builder-el-81  el_after_av_textblock  avia-builder-el-last '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><\/p><\/div><div class='av-flex-placeholder'><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-6g28mt-51cb33f846d01758ce688b0b4cf5faf7\">\n.flex_column.av-6g28mt-51cb33f846d01758ce688b0b4cf5faf7{\npadding:0 0 0 20px;\n}\n<\/style>\n<div class='flex_column av-6g28mt-51cb33f846d01758ce688b0b4cf5faf7 av_one_half  avia-builder-el-82  el_after_av_one_half  avia-builder-el-last  av-break-at-tablet flex_column_table_cell av-equal-height-column av-align-top '   ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-4bvts5-fdcbe59a4b58479a84abf1288194d9d3\">\n#top .hr.hr-invisible.av-4bvts5-fdcbe59a4b58479a84abf1288194d9d3{\nheight:15px;\n}\n<\/style>\n<div  class='hr av-4bvts5-fdcbe59a4b58479a84abf1288194d9d3 hr-invisible  avia-builder-el-83  el_before_av_codeblock  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><br \/>\n<\/p><\/div><\/div><!--close column table wrapper. Autoclose: 1 -->\n<\/p>\n[av_section min_height='' min_height_pc='25' min_height_px='500px' padding='no-padding' custom_margin='0px' custom_margin_sync='true' svg_div_top='' svg_div_top_color='#333333' svg_div_top_width='100' svg_div_top_height='50' svg_div_top_max_height='none' svg_div_top_opacity='' svg_div_bottom='' svg_div_bottom_color='#333333' svg_div_bottom_width='100' svg_div_bottom_height='50' svg_div_bottom_max_height='none' svg_div_bottom_opacity='' color='main_color' background='bg_color' custom_bg='#1a4367' background_gradient_direction='vertical' background_gradient_color1='#000000' background_gradient_color2='#ffffff' background_gradient_color3='' src='' attachment='' attachment_size='' attach='scroll' position='top left' repeat='no-repeat' video='' video_ratio='16:9' overlay_opacity='0.5' overlay_color='' overlay_pattern='' overlay_custom_pattern='' shadow='no-border-styling' bottom_border='no-border-styling' bottom_border_diagonal_color='#333333' 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