Critical points and misconception about investing in Thailand - Business, Investment - Thailand Business News

Critical points and misconception about investing in Thailand - Business, Investment - Thailand Business News:

Lamphun Industrial Estate Chiangmai

 "If you operate a foreign company, you must carefully consider whether the business activities in which your company engages are reserved under the FBA. You need to be aware that this applies to both core and non-core business activities.

Businesses reserved for Thais under the FBA are divided into three lists.

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 of the FBA must obtain a Foreign Business Licence (FBL), which requires cabinet approval.

Foreigners that wish to engage in activities on List 3 of the FBA must obtain an FBL from the Foreign Business Committee. Manufacturing activities are mostly liberalised and foreigners are allowed to make and sell products in Thailand. Foreigners, however, are not allowed to buy products from other suppliers and retail or wholesale the products domestically. Nevertheless, they are allowed to export those products. There is a catch-all under List 3."