Services / Formation and licensing
Foreign business licences
The first question is not how to get the licence but whether one is needed at all. A great many businesses are not in the schedules, and getting this wrong at the start costs a year.
SCOPE
What this covers
- Analysing whether the business falls in List 1, 2 or 3 of the Act, or outside the schedules altogether
- Applying for the Foreign Business Licence at the Department of Business Development
- Foreign Business Certificates under the Thai-US Treaty of Amity and under free trade agreements
- Certificates for BOI-promoted companies and operators in industrial estates
- Reviewing the shareholding and any shareholders' agreement so that they match what was filed
PROCESS
How it proceeds
- 01
Classify the business
Every activity actually to be carried on in Thailand is set out and matched against the schedules.
- 02
Choose the route
A licence, a treaty certificate, a BOI promotion certificate, or a structure that does not engage the schedules at all.
- 03
File and answer
The committee may come back on technology transfer and on Thai employment.
DOCUMENTS
What we will need from you
- A business plan setting out precisely what will be done in Thailand
- Financial statements and the parent company's certificate of incorporation
- Projected Thai employment and knowledge transfer
ENQUIRIES
