Legal Section - Doing Business
You will find here a series of summaries providing an overview of useful legal regulations, processes and legal issues for Doing Business in Thailand.
Foreign businesses providing loans to affiliates and subsidiaries
Under the Foreign Business Act, foreign businesses are generally restricted from providing loans unless they have first obtained a foreign business license (“FBL”).
Additional BOI conditions for majority foreign-owned entities to own land
Referring to the BOI’s Announcement No. 6/2022 dated 8 August 2022 regarding conditions for majority foreign-owned legal entities to own land for setting up an office and residential premises, the BOI issued additional conditions on 23 June 2023 under Announcement No. Por. 10/2566. The key additional conditions are as follows:
Recent Department of Business Development rulings on aspects of the Foreign Business Act
Whether the provision of staff benefits by a foreign company is a restricted business under the Foreign Business Act (”FBA”)
Amendment of Qualifications, Criteria and Conditions for Smart Visa
The Board of Investment of Thailand (BOI) has identified “S-Curve” target industries as part of its Thailand 4.0 policy. These industries represent sectors with high growth potential and innovation such as next-generation automotive, smart electronics, advanced agriculture and biotechnology, aerospace, and logistics.
Amendment of Qualifications, Criteria and Conditions for LTR Visa
On 16 March 2023, the Office of Board of Investment announced the Announcement No. Por. 6/2023 regarding the amendment of Qualifications, Criteria and Conditions for a special long-term residence visa (“LTR Visa”) under a measure to stimulate the economy and investment by attracting the foreigner with high-potential