Foreign investors and foreign owned businesses can apply for a Foreign Business License at the Foreign Licensing Department of the Ministry of Commerce in Thailand. The minimum capital requirement for the formation of such a company in Thailand is 2 million THB.
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 can I get business license in Thailand?
- A passport or travel document with at least 6-month validity from the planned date of arrival in Thailand.
- A completed visa application form.
- A passport-sized photo (4 x 6 CM) taken within the last 6 months.
- Evidence of adequate finance (20,000 Baht per person and 40,000 Baht per family).
How can a foreigner own a business in Thailand?
There are three ways to achieve 100% ownership:
- Obtain a Foreign Business License. A Foreign Business License can be loosely understood as a Work Permit for companies. …
- Board of Investment (BOI) Promotion. …
- Registration through the Treaty of Amity (for US citizens only)
How much is business license in Thailand?
|List Two||List Three|
|1. License application||1,000 – 2,000 THB|
|a) License for certain foreigners||5,000 THB|
|b) License for List Two Businesses||40,000 THB|
What is a foreign business certificate?
Generally speaking, the Foreign Business License is an authorization whereby a foreigner is granted permission to operate a restricted business on the basis that the proposed business will grant benefits to the Thai society and economy. …
Can I get a business visa for Thailand?
Foreigners who wish to setup or conduct business in Thailand should apply for a Thai Non-Immigrant B visa. This is an initial visa issued by the Thai embassy or consulate in your home country which allows a stay of 90 consecutive days in Thailand.
How long can a tourist stay in Thailand?
The tourist visa must generally be used within 90 days from the date of issue and allows an initial stay of 60 days. After arrival in Thailand, a tourist visa may be extended at the discretion of an immigration officer once for an additional 30 days with the total period of stay no longer than 90 days.
Is it easy to do business in Thailand?
Starting a business in Thailand is easier than ever
They also can choose to pay via various channels, and put together, these tweaks make the procedure more flexible. The registration of a company has been made less costly: the registration fee has been reduced to the fixed fee of THB 5,500.
Can I be self employed in Thailand?
Self-employment in Thailand
While Thai citizens are certainly able to work for themselves, the same cannot be said for non-citizens. Unfortunately, a non-citizen cannot just move to Thailand and start working on a tourist visa.
Is it easy to start a business in Thailand?
Starting a business in Thailand is not as hard as you would think, since the country is very capitalistic and extremely receptive to foreign businesses. And with a nation of spenders on the heels of China’s explosive growth, Thailand is on the receiving end of an exploding middle class with cash to spend.
Is Thailand a good place to start a business?
The Wharton School of the University of Pennsylvania has ranked Thailand the best place in the world to start a business for the third year in a row in the 2019 version of the annual Best Countries Report co-published this week with U.S. News and World Report and BAV Group consultancy.
Can a foreigner buy property in Thailand?
In Thailand, foreigners may only own a condominium in his/her own name. Foreigners can take ownership of a condo by either purchasing a condo unit with a freehold title or entering into a long lease agreement, commonly known as “Leasehold”.
Can foreigners register a company in Thailand?
Company Registration in Thailand for Foreigners
The majority of shares in a Thai company must be owned by a Thai citizen unless it is part of a special Board of Investment (BOI) program. This means that foreigners can only own up to 49% of a Thai company.