At Silk Legal, we guide international investors in Thailand through the maze of foreign business regulations and restrictions that they face at every corner. Under Thai law, foreign business operations are restricted by and subject to specific rules and conditions imposed by an intricate web of legislation, ministerial regulations, and departmental announcements.
The primary restriction imposed on foreign business operations in Thailand is the requirement to apply for a “foreign business license”, which is issued by the Foreign Business Committee of the Department of Business Development, and which, in contrast to the policies of the Board of Investment of Thailand, generally serves to restrict investment by foreigners in Thailand in several industries, including most service businesses, as well as the wholesale and retail businesses.
The professionals at Silk Legal have years of experience assisting its clients in formulating a winning strategy to secure their foreign business licenses, which includes advice and guidance in preparing for remittance of foreign capital into Thailand, as well as in relation to developing a technology transfer plan, both of which are important factors considered by the Foreign Business Committee. Let us answer all of your questions about every aspect of the Foreign Business Act, the protection offered by the U.S.-Thailand Treaty of Amity and how you can make these laws work for your business while letting us make sure you are in compliance with these laws.