What is a foreign business license in Thailand?

A Foreign Business License (FBL) is a license given to companies with a majority-owned by foreigners or foreign investors who wish to operate business activities restricted to foreign nationals under Thai law.

How do I get an international business license in Thailand?

Obtaining Foreign Business License

  1. An investor has to apply for permission to conducting foreign business. …
  2. If a company has minimum capital (paid-up capital) of 100 million baht for each of business, …
  3. Thai company has to submit a principle approval letter to the committee of foreign business.

What is a foreign business certificate?

Foreign Business Certificate and Thai Foreign Business License: Everything that You Need to Know. … It is an automatic authorization, where a foreigner is allowed to operate a restricted business based on the promotion received from the BOI in Thailand or an international treaty.

Can a foreigner own a business in Thailand?

Remember, foreigners are not allowed to own 100% shares of any business in Thailand, unless you are a US citizen which you can read more about below. The most popular way to start a business in Thailand is to register a business under a Thai person.

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How much is business license in Thailand?

And the government fee for getting a license to operate a foreign business in Thailand is about Baht 35,000.

Do you need a license or a permit to sell it online from Thailand?

E-commerce business allows lower investment and a wider range of customers globally, it is therefore trending amongst traders. Yet, online businesses in Thailand are required to obtain an e-commerce license before they can operate their e-commerce ventures legally.

Is the Treaty of Amity?

The U.S.-Thai Treaty of Amity and Economic Relations of 1833, commonly referred to as the Treaty of Amity, is a special economic relationship between the United States of America and the Kingdom of Thailand that give special rights and benefits to U.S. citizens who wish to establish their businesses in Thailand.

Can a foreigner be a sole proprietor in Thailand?

For foreigners, sole proprietorship is only allowed if they are covered by the United States – Thailand Treaty of Amity and Economic Cooperation. Otherwise foreigners are not permitted to operate this type of business. … A sole proprietorship business can engage in any business so long as they are permitted by law.

Can foreigners buy commercial property in Thailand?

Can foreigners buy commercial property in Thailand? Foreign individuals can generally not own commercial property in Thailand. Instead, it’s far more common to buy condo units as the buying process is straightforward and you can even own the units on a freehold basis.

Can I set up a business in Thailand?

If you want to start a business in Thailand, you can set up your business in a number of ways. If you have an international business, you may wish to set up a Thai branch office, Thai representative office or Thai regional office to take advantage of local business opportunities and possible tax advantages.

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Can I buy a business in Thailand?

Even the Thai government would welcome the building of new businesses to earn income and to contribute to the Thai economy. Under normal circumstances, comparing to Western standards however, a foreigner cannot truly own a business in Thailand to a 100%, extent.

How do I register an online business in Thailand?

To register, the following documents are required to submit to the Department of Business Development (DBD).

  1. Application for E-commerce Registration (Tor. Por. …
  2. ID card or Passport of the applicant. For an individual – ID card or passport. …
  3. A power of attorney (If any)
  4. A clarification letter (In case of late registration)

Is it safe to do business in Thailand?

Thailand is ranked 21 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The Ease of Doing Business index ranks countries based on how the regulatory environment is conducive to business operations, stronger protection or property rights.