Foreign Business Investment.
Of the business bases in the ASEAN region, Thailand is well placed to attract substantial foreign direct investment. The Foreign Business Act of 1999 (FBA) directly governs investment in country.
The highly experienced professionals at Lawa Law & Property help you understand the types of business activities open to foreigners in Thailand. An experienced business lawyer will tell you about restricted business areas, percentage of shareholding permitted, and how the Kingdom’s Foreign Business Act applies to your business plans. An important part of our service in this area includes applying for a Foreign Business License (FBL) on your behalf.
Thailand’s Board of Investment (BOI) has prioritized certain business activities as important to the economy, making it possible for some investors to be exempt from the FBL requirement, and to enjoy a range of tax and non-tax incentives. The application procedure for BOI promotion is complex, as numerous criteria have been formulated for promoted projects in the locations approved by the Industrial Estates Authority of Thailand (IEAT).
Our experts look forward to working with you to determine if your proposed business activity might qualify for BOI promotion, and to assisting you throughout the application and approval process.