Thailand is in competition with its neighboring countries
regarding politically welcome investments from the private sector
of the industrial countries. Thai policy makers are in a constant
effort to balance the opportunities of new employment that may be
generated and new industrial sectors that may established in the
Kingdom with the concern of protecting the economy from foreign
competition that it is not ready to compete with yet. Therefore,
one of the principal consideration investors needs to be aware of
are the restrictions on business activities that can be undertaken
by foreigners in Thailand.
1. Restrictions under the Foreign Business Act
While the incorporation of the limited liability company itself
is neither difficult nor time-consuming, it should be noted that,
under the Thai Foreign Business Act ("FBA"), A.D. 1999,
foreigners who engage in certain business sectors, including any
kind of service business, require a Foreign Business License
("FBL") in
