Thailand has become an increasingly attractive destination for entrepreneurs and investors looking to establish their businesses in Southeast Asia. With its vibrant economy, strategic location, and welcoming business environment, Thailand offers numerous opportunities for growth and success.
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”.