Facing the Foreign Business Act
To legally engage in activities restricted under the FBA, an alien company must obtain a Foreign Business License (“FBL”) or a Foreign Business Certificate (“FBC”) from the DBD. This is often easier said than done, but there are some exceptions.
Investments & Company Formation09 March, 2012by Legal Analytics
The Not So Simple Amity Treaty Exception to the Foreign Business Act
Thailand’s Foreign Business Act, B.E. 2542 (FBA), which repealed and replaced a decree issued by the Thai government in 1972 known as NEC 281 (often also referred as the “Alien Business Law”), provides that “alien companies” – defined solely in terms of foreign share ownership – are not permitted to engage in a wide range of business activities, absent issuance of a foreign business license...
Investments & Company Formation20 June, 2007by Legal Analytics
The Controversy Over Proposed Changes to the Foreign Business Act
Over the last several months the local and international press have carried articles about foreign chambers of commerce and embassies appealing to the Thai government to rethink the draft changes to the Foreign Business Act, B.E. 2542 (FBA), arguing these proposed changes to Thai law will hurt future and existing foreign investors and violate Thailand’s WTO obligations.