Doing Business in Thailand

If you are a Thai dual citizen, you enjoy full rights to operate a business in Thailand without any restrictions. You may own, manage, and run companies across all sectors, just as any other Thai national would.

Whether you’re launching a new venture or expanding an existing one, our team is here to assist you in building a business that complies with local regulations and thrives in the Thai market. Contact us for guidance on legal structures, registration processes, and business development tailored to your goals.

Foreign nationals can also operate businesses in Thailand, but there are important legal stipulations and restrictions to be aware of. Understanding these rules will help ensure compliance and long-term success. 

In most sectors, foreign individuals or entities are generally limited to owning up to 49% of a Thai company. This means a Thai national or entity must hold the majority (51%) of shares. 

Under the US-Thailand Treaty of Amity, American citizens are permitted to own 100% of a business in many sectors, provided certain legal criteria are met. This treaty offers unique advantages for American entrepreneurs, but does not apply to citizens of other countries. 

The Thailand Board of Investment (BOI) promotes certain industries deemed beneficial to the Thai economy, such as technology, manufacturing, and innovation. BOI-promoted business may:

• Be eligible for 100% foreign ownership

• Receive corporate tax exemptions

• Benefit from import duty exemptions

• Obtain work permits and visa privileges

BOI application procedures can be complex, but we can help guide you through the process and assess your eligibility.

List 3 - Restricted Activites Requiring a Foreign Business Licence (FBL)

Foreigners may engage in these sectores, but must first obtain a Foreign Business Licence (FBL) from the Ministry of Commerce:

• Accounting, legal, and architectural services

• Construction and engineering

• Wholesale, retail, and franchise businesses

• Hotel and resturant operations

• Advertising, event management, and tourism services

The FBL is a special permit required for foreigners who wish to operate in sectors listed under List 3 of the FBA. The application process involves:

• Submission of detail business plans

• Proof of expertise or necessity for foreign ownership

• Approval from the Foreign Business Committee

FBL applications can be stringent and time-consuming, but our experts can help you prepare the required documention and improve your chances of success. 

Whether you're a Thai dual citizen or a foreign entrepreneur, we offer end-to-end support to help you :

• Choose the right business structure

• Navigate ownership laws and sector restrictions

• Apply for BOI or FBL approvals

• Connect with legal and accounting professionals in Thailand

Contact Us to book a consultation and take the first step towards launching your business in Thailand.