Potential Upcoming Exemption of New Service Businesses from Application of Foreign Business ActThe conduct of business in Thailand by a foreign person, foreign juristic person or Thai registered company with half or more than half of the share capital owned by foreigners is regulated by the provisions of the Foreign Business Act B.E. 2542 (1999) ("FBA"), which came into effect on 4 March 2000. The FBA is administered by the Ministry of Commerce ("MOC"), more specifically, the Department of Business Development ("DBD").
Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only
intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.
