Are you considering creating a new entity for your business in Thailand? There are several options available to you. Even if the most popular business structure is the limited liability company, two other very interesting options are available to you: representative offices or branches.
According to the Law on Foreign Trade in Thailand, certain types of activities are reserved only for Thai citizens. As a result, foreign entities or firms who wish to do business in Thailand in one of the prohibited classes of business, have to obtain a foreign business license. “The Foreign Business Act (FBA), B.E. 2542 (1999) is enacted to govern business operations and activities involving foreign nationals and entities”.