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When you want to set up a foreign company in Thailand, it is important to get approval as per the FBA act in the country. Foreigners can avail license to set up a business under certain categories based on specific rules and regulations. There are basically three business categories as per FBA act: List one focuses on the businesses with absolutely prohibited foreigners until and unless some exemptions are passed as per the special laws. List 2 includes businesses that are established before setting up Foreign Business Laws. Such types of businesses are allowed to operate under certain conditions. The third category includes businesses that are almost same as Category 1, but the Alien Business License is granted to such investors. Foreigners may need to obtain a foreign business (more...)

Thailand is known for its historical treasures, beautiful beaches, and friendly people. Millions of people love to visit this country every year; tourism has now become one of the key elements for the economic conditions in Thailand. There are so many strategic locations with breath-taking views where tourists can spend some memorable time. Other than this, Thailand is known for its tropical climate, mouth-watering cuisine, and relaxed lifestyle. All these amazing things do not just attract tourists into the country; rather, they also create ultimate investment opportunities. If you are planning to set up a foreign company; Thailand offers all favourable conditions along with reliable growth opportunities. Some of you might be interested to know what makes Thailand a perfect business (more...)

As opposed to common belief, setting up a new business in Thailand, being a foreigner, comes with lots of perks and benefits. If you don't know already, most people who think of moving to a different country in Asia and look forward to establishing a company of their own, Thailand is, without a doubt, their first choice and justifiably so. If you are wondering what some of these advantages are, read on. • Supportive government The supportive government of Thailand that provides innumerable opportunities to magnetize more direct foreign investment is nothing less than a blessing. This is why the process of company registration in Thailand is fairly easy and hassle-free. Although if you are completely new and have no clue how the set up works, we would suggest you seek advice from a (more...)

Although there are several great opportunities to set up a new business in Thailand, it is also important to follow some set of rules and regulations. When you want to set up a business as a foreigner, you may need to get approval for it. The chances are that you may need to find some Thai partner to register your company in Thailand. In most countries, it is almost impossible to set up a new company as a foreigner. But there are few favorable rules and regulations in Thailand. In general, you can set up the business as a Thai limited company and obtain licenses under specific categories. In this case, the foreigner owners can own a maximum of 49% shares of the company, and the rest 51% must be distributed among one or more Thai investors. Those who are new to the country may find it (more...)

The most commonly recommended business structure in Thailand is a Private Limited Company. It is the best idea for the foreigner investors, and the legal formalities for the same can be completed with ease. It is good to know that the form and nature of the limited liability companies in the area are almost the same as that of Western countries. The shareholders, in this case, have limited liability towards the company’s unpaid parts of the shares, and it is preferably managed by the board of directors only. Foreigners often get worried about legal formalities and procedures to set up business in a different country. But the great news is that the Thai government has welcoming opportunities for entrepreneurs around the world. If you have a solid business idea that can contribute to the (more...)