Tag: FBA

Thailand law is very particular about foreign investment and foreign business partnership in Thailand. Although foreign investors are very welcome to start a venture here in Thailand, the Foreign Business Act of 1999 imposes restrictions that alien businesses have to comply with when making an investment in the country. For instance, there are business niches wherein foreigners are not allowed to compete with locals. In addition, the law also requires split ownership between foreign investors and local Thai businessmen in the incorporation of certain businesses.