Foreign Business License (FBL), it is a license under the Foreign Business Act (FBA) of Thailand. It shall be required for a foreign company (majority of the company’s shares are owned by foreigner) or a business which is normally restricted to Foreign nationals under Thai Law.
Not every business can apply for a FBL because some of businesses are reserved for Thai nationals.
The business is categorize in 3 lists under the FBA as follows: –
- List 1: Business which is not permitted to foreigners by special reason
- List 2: Business which is related to safety, security, tradition, religion and natural result of the country, permitted to foreigners by cabinet
- List 3: Business which is permitted to foreigners under the consideration of the Board Foreign Business operations