Key Issues to Consider about Foreign Business Licenses under the Foreign Business Act B.E. 2542 (1999)
Applying for a Foreign Business License (FBL) under Thailand’s Foreign Business Act B.E. 2542 (1999) (FBA) is one option for foreigner’s to be able to have majority ownership of a company limited which is involved in business activities listed in List 3 of the FBA. Before applying for a FBL there are a number of important details which foreign investors should be aware of so that they can avoid problems and delays and be better prepared for the process. This article shall provide a brief overview of several key issues which foreign investors should be aware of before they apply for a FBL. Permitted Business Activities under List 3 of the FBA One of the most important things which should be considered at the beginning is whether the applying company will be able to apply for a FBL. In order […]
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