The foreign applicant will have to pay 2,000 THB in order to obtain the license, whereas those who are under List 2 and 3 will have to pay 3,000 THB. However, the fee is subjected to change based on the requirement.
It would take at least four months for any foreigners to receive a decision on the application of foreign business license.
The impact on the Thai employment, benefits to the public and transfer of technology are few factors that affect approval of the license.
A foreign business license may grant a foreigner 100% ownership for certain types of businesses.
Generally, it is 2 million baht and 3 million baht for the businesses that falls under the List 2 and List 3.
This can be done in two ways;
Ask the BOI or the IEAT to allow a special privilege As long as the Amity Treaty is not renewed, one can build a company under the FBA allowing American businesses and citizens to hold a major percentage of share
The application process is very complex and may take months. Seeking assistance of a legal expert is therefore recommended.
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