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The Foreign Business Act was a law enacted by the Chuan Leekpai-controlled National Legislative Assembly of Thailand in 1999 that limited foreign ownership of certain Thai industries. Its predecessor was the Alien Business Act of 1972, enacted by a military junta.
The Foreign Business Act of 1999 regulates foreign ownership of certain Thai industries and foreign companies. The Alien Business Law (N.E.C. Announcement 281) prohibits foreigners from holding certain professions which are reserved for Thai nationals.
This impacted the legality of thousands of local subsidiaries of foreign companies operating in Thailand. [34] Amendments to the Foreign Business Act that would limit foreign companies investing in List I and II businesses (including media, telecoms, and aviation) from holding more than 50% of shares. List III businesses (including retailers ...
In Thailand under the Hotel Act, B.E. 2547, a hotel is defined as being a building with 4 or more bedrooms that can hold more than 20 people, being used for commercial purposes by providing temporary accommodation. Under the same act, any hotel must have a hotel license to be legal. Before applying for a license, hotels must meet certain needs.
Thailand currently offers foreign films shooting in the country a cash rebate of 15-20% of the expenses incurred in the country, with the ceiling per production fixed at THB 75 million baht ($2.12 ...
BANGKOK (Reuters) -Thai Foreign Minister Parnpree Bahiddha-Nukara has resigned, the government said on Sunday, after losing the position of deputy prime minister in a cabinet reshuffle. Prime ...
The Treaty of Amity and Economic Relations Between the Kingdom of Thailand and the United States of America is a treaty signed at Bangkok on 29 May 1966. [1] The treaty allows for American citizens and businesses incorporated in the US, or in Thailand to maintain a majority shareholding or to wholly own a company in Thailand, and thereby engage in business on the same basis as would a Thai ...
Thailand is amending a law to allow foreign couples to seek surrogacy services in the country, a senior health official said on Friday. In 2015, Thailand introduced tough regulations to control ...