Further relaxation of the Foreign Business Act
Ministerial Regulation setting out the activities that do not require permission (No. 4), 2562 B.E. (2019), was published in the Royal Thai Government Gazette effective 25 June 2019.
Keywords: Mazars, Thailand, Legal, Foreign Business Act, Government Gazette
17 July 2019
According to the Ministerial Regulation, the following activities are no longer restricted businesses under List Three (21) of the Foreign Business Act:
1. Providing loans to subsidiaries and affiliated companies in Thailand;
2. Leasing office space with utilities to subsidiaries and affiliated companies; and
3. Providing advice and support to subsidiaries and affiliated companies with regards to administration, marketing, human resources, and information technology.
Majority foreign owned businesses who wish to conduct the activities listed above no longer have to apply for foreign businesses licence before doing so.