OTHER NEWS & LEGAL ARTICLES
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Condominium in Thailand

13 Jul Buying a Condominium in Thailand

Buying a condominium (more precisely a condominium unit, or several units) in Thailand is extremely attractive for foreigner investors. Condominium prices and take up rates in Bangkok's prime areas ar...
Christian with DELSK management team in Beijing June 2016

30 Jun In Beijing J&C meets Delsk and China’s leading law firm

Our German lawyer Christian has travelled to Beijing from 15th to 17th June 2016 to meet with the management team of China's leading second residents company DELSK and with our future partner law firm...
New Transportation Project Through PPP

12 May New Transportation Project Through PPP

The Government of Thailand, through its Office of Transport and Traffic Policy and Planning (OTP) announced the Phaholyothin Transportation Hub Area project through public private partnership (PPP). T...
Foreign Investment In Thailand

Foreign Investment In Thailand

Significant Consideration For Foreign Investment In Thailand 
Thailand remains an attractive destination for foreign investors wanting to open a new business or a branch office, in seeking out new markets.  Foreigners firms or individuals wishing to wholly own their business need to be aware of Thailand’s laws and regulations regarding foreign investment and the list of activities that are reserved only for Thai citizens.
According to Thailand’s Foreign Business Act B.E. 2542 (FBA), the businesses operations reserved for Thais are divided and listed under 3 categories as follows:

List 1: Foreign Investment In Thailand – Business Activities Not Permitted to Foreigners

(A) Newspaper publishing, radio or television broadcasting stations.

(B) Rice farming, plantation or crop growing.

(C) Livestock farming.

(D) Forestry and timber processing from a natural forest.

(E) Fishery, only in respect of the catchment of aquatic animals in Thai waters and specific economic zones of Thailand.

(F) Extraction of Thai medicinal herbs.

(G) Trading and auction sale of antique objects of Thailand or objects of historical value of the country.

(H) Making or casting Buddha images and monk alms bowls.

(I) Land trading.

List 2: Foreign Investment In Thailand – Business Permitted to Foreigners under Conditions**
Any business related to National Safety or Security; affecting Arts and Culture, Traditions, Folk Handicraft; or Natural Resources and the Environment, as follows:

Group 1 – Business related to National Safety or Security:  Production, Selling and Maintenance of firearms, ammunition, gun powder, explosives, and Domestic Transportation byland, water or air.

Group 2 – Business affecting Arts and Culture, Traditions, Folk Handicraft:  Trading Thai art, art objects, handicrafts or production of carved wood, etc.

Group 3: Business affecting Natural Resources and the Environment:  Manufacturing sugar from sugar cane, salt farming or rock salt mining, etc.

List 3: Foreign Investment In Thailand – Other Business Permitted to Foreigners under Conditions**
These activities are classified as businesses in which Thai nationals may not yet be ready to compete alongside foreigners, like rice milling and flour production from rice, farm produce, fisheries, specifically marine animal culture and forestry from a grown (i.e. not natural) forest, accounting, legal, engineering, and architectural services, etc.
Note that Foreigners are strictly prohibited from engaging in business activities on List 1 of the FBA, while foreigners wishing to engage in activities on List 2 and List 3 of the FBA must obtain a Foreign Business License (FBL), which requires approval by the Ministry of Commerce or the Foreign Business Committee respectively.

** Lists 2 & 3 as shown are only partial representations.  Please contact your legal representative for a comprehensive list of prohibited and permissible business activities under the Foreign Business Act.

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