Tag: foreign investment in Thailand

Changes to the Thai Foreign Business Act with Certain Business Types Open to Foreign Operation

John P. Formichella Naytiwut Jamallsawat According to Thailand Foreign Business Act B.E. 2542 (FBA), there are 3 types of business activities that govern foreign participation in Thai commerce: List 1: Business Not Permitted to Foreigners List 2: Business Permitted to Foreigners under Conditions List 3: Business […]

Bangkok

The Thai Government Announces New International Business Center Incentives and the Cancellation of the IHQ Program

On 10 October 2018, the Thai government announced the cessation of the International Headquarters (“IHQs”) program (which also included Regional Operating Headquarters or “ROHs” and International Trading Centers or “ITCs”) and the creation of a replacement initiative; International Business Centers (“IBCs”). The move is part the OECD […]