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<br />Thai legal for expats


Thai legal for expats

Doing Business in Thailand as a Foreigner: What You Need to Know

Thailand presents promising opportunities for foreign entrepreneurs and investors, but navigating the legal framework is essential before starting a business. The Foreign Business Act (FBA) B.E. 2542 (1999) restricts foreign ownership in many sectors unless a Foreign Business License is granted. While larger investors may benefit from BOI promotion and enjoy exemptions, small-scale foreign business owners often face legal limitations due to low registered capital.

Setting up a Thai company
starting and forming a limited company in Thailand

The process of setting up a Thai limited company and steps taken in order to achieve and complete the incorporation process, from the reservation of a business name till the certificate of incorporation of the company, can under the new company formation rules be completed in a few days. The registration of a company is processed by the DBD or Department of Business Development in Thailand.

Thai Business Law

A limited company is a juristic or juridical person and enjoys the same rights and is subject to the same duties as a natural person, except those which, by reason of their nature , may be enjoyed or incurred only by a natural person (subject to section 66 civil and commercial code). A majority Thai owned limited company is considered of Thai nationality, a majority foreign owned company is considered foreign. Foreigners and foreign companies are under the Foreign Business Act not allowed to operate businesses in Thailand unless a foreign business license has been granted.

See also

CHAPTER IV

LIMITED COMPANIES

PART I

Nature and Formation of Limited Companies

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