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.