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ARTICLE · 05 DECEMBER 2024

Thailand Legal Basics

Tilleke & Gibbins
Tilleke & Gibbins
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Tilleke & Gibbins

Tilleke & Gibbins

Tilleke & Gibbins has been present in Vietnam since 1992, when it became the first foreign law firm...

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Foreign nationals are generally permitted to start businesses in Thailand, subject to the applicable laws. This chapter discusses some key legal requirements...

ThailandCorporate/Commercial Law
Tilleke & Gibbins International Ltd
Tilleke & Gibbins International Ltd
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Starting a Business

1.1 Foreign Investment

Foreign nationals are generally permitted to start businesses in Thailand, subject to the applicable laws. This chapter discusses some key legal requirements for establishing a business in Thailand, including: 

  • The Foreign Business Act, which restricts or prohibits foreigners from undertaking various business activities and sets licensing requirements for other types of businesses;
  • Other restrictions that may limit foreign participation in specific sectors;
  • Investment incentives offered under Thailand's Board of Investment, the Industrial Estate Authority of Thailand, treaties, and free trade agreements; and
  • Forms of business organization under Thai law.
    • Foreign Business Act

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