Do I need a foreign business licence to operate a business in Thailand?
Last Updated: Apr 9, 2022
I would like to open my business in Thailand and I heard about a Foreign Business License, is this necessary or are there any workarounds?
Posted Sat, Feb 26, 2022 6:17 PM
In a Thai majority-owned limited company, where Thai nationals own at least 51% of the company's shareholding, a Foreign Business License (FBL) is not required. In contrast, a business with over 49% foreign ownership must obtain an FBL before commencing its operations in Thailand and are governed by the Foreign Business Act.