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ARTICLE · 06 FEBRUARY 2012

Who requires a foreign business operating licence

To conduct business in Thailand, foreigners must have a Foreign Business Operating License issued by Thai authorities.

ThailandInternational Law
Michael Lorenz
Michael Lorenz
  1. Introduction

For conducting business in Thailand it is mandatory for foreigners to be in the possession of a Foreign Business Operating License issued by the competent Thai authorities according to the provisions of the Foreign Business Act B.E. 2542 (A.D. 1999).

  1. Definitions under the Foreign Business Act B.E. 2542 (A.D. 1999)

According to Sec.4 "Foreigner" means:

  1. Natural person who does not have Thai nationality;
  2. Juristic person not registered in Thailand;
  3. Juristic person registered in Thailand having the following characteristics:
  1. Having half or more of its capital shares held by persons under (1) or (2) or a juristic person having the persons under (1) or (2) investing with a value of half or more of the total capital of the juristic person

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