A Foreign Business License (FBL) is a legal authorization that allows foreign companies to engage in certain restricted business activities under Thailand’s Foreign Business Act (FBA) B.E. 2542 (1999). The FBA classifies restricted businesses into three categories, with foreign ownership being limited or controlled in these sectors. To operate legally within these restricted sectors, foreign […]
Registering a company under the Thailand Board of Investment offers numerous fiscal and non-fiscal incentives. However, to qualify for this type of support companies must satisfy financial prerequisites and comply with BOI guidelines. This includes a minimum capital requirement and strict accounting procedures. It also prioritizes projects that develop competitiveness. Company and corporate structure The […]
The US-Thai Treaty of Amity creates a favorable environment for American businesses to operate in sectors such as real estate development and live entertainment organizations. However, to benefit from the privileges outlined in the Treaty, companies must adhere to specific requirements. For example, American citizens can own the majority or entire company and are exempt […]
Set Up a Representative Office is a business structure that allows a foreign company to evaluate the market in Thailand without paying corporate income taxes. However, it is limited to performing non-revenue-generating activities and cannot accept purchasing orders or make offers for sales. Moreover, it must report back to its head office on the local […]
When registering a Thai Limited Company, there are several steps to take. We will start by helping you reserve a company name through the Department of Business Development (DBD). Next, we will file a Memorandum of Association with DBD, which includes the reserved company name, details of the shareholders and promoters, and the company’s business […]
A good Thai Will is essential if you own assets in Thailand like property, bank accounts, vehicles and shares. The process of probate in Thailand and the distribution of estate assets without a Will can be time-consuming and costly. Dying intestate means that the court will decide who gets your estate and how it is […]