Start Your Business Legally in Thailand with a Foreign Business License
Expanding your business to Thailand is full of opportunities, but it also comes with legal requirements under the Foreign Business Act B.E. 2542 (1999). If you are a foreign investor wishing to operate a restricted business, obtaining a Foreign Business License (FBL) is essential.
What is a Foreign Business License?
A Foreign Business License is official approval granted by the Ministry of Commerce that allows foreigners to operate businesses restricted under List 3 of the Foreign Business Act. Without this license, foreigners are not permitted to engage in these activities.
Conditions for Obtaining an FBL
Foreign investors must meet certain requirements in order to be eligible for a license:
- Capital Requirement: There will be specific amount of minimum registered capital is required. Usually certain injection amount is required for the first year, and will be allowed to top up within 3 years.
- Compliance with Restricted Lists: Businesses under List 1 are completely prohibited, while List 2 requires Cabinet approval. Only businesses in List 3 can apply for an FBL.
- Business Justification: The applicant must demonstrate that the business will benefit the Thai economy, create employment, introduce new technology, or contribute to national development.
- Thai Shareholding & Directors: Mostly with the FBL, foreigner can be major shareholders of the company or even 100% foreign shareholders.
- Good Standing: The foreign applicant must not have a history of legal violations or bankruptcy issues.
Why You Need an Expert
The application process for a Foreign Business License is complex and involves detailed documentation, interviews, and strict government scrutiny. Mistakes can lead to delays or rejection. That’s why having a trusted legal partner by your side makes the process smooth and successful.
Our Service – Your Advantage
At W Law International, we specialize in helping foreign investors secure their Foreign Business License with confidence. Our experienced team provides:
- Professional consultation on FBL eligibility
- Preparation and submission of all required documents
- Representation before the Ministry of Commerce
- Strategic advice to ensure compliance with Thai law
Take the First Step Today
Don’t let legal restrictions hold back your business ambitions in Thailand. With the right guidance, you can obtain your Foreign Business License and start operating with peace of mind.
.
W Law and Real Estate International (Thailand) Co., Ltd. Tax ID No. 0105553119048
Bangkok Office: 989 Siam Piwat Tower 12A Floor, unit B1-B2, room no. 1252, Rama I Road, Pathumwan, Bangkok Metrpolis 10330
Phuket Office: 63/202 Moo 2 Royal Phuket Marina, Thepkasattri Road, Kohkaew, Muang Phuket, Phuket Province 83000
Pattaya Office: 666/66 Level 4 Convention Hall Brighton Grand Hotel Pattaya, Moo 5, Naklua, Banglamung, Chonburi Province 20150
Tel: (66) 02 648 5111 Fax: (66) 02 648 5001 Email: contact@w-lawthai.com Line @wlaw