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Thailand - Government approval for FDI

As detailed above, in the case where the business to be engaged in by a foreigner is restricted under the FBA, the permission from the Minister of Commerce with the approval of the Cabinet for the businesses in List Two and the permission from the Director-General of the Department of Business Development under the MOC with the approval of the Foreign Business Committee for the businesses in List Three will be required.     

 

Regarding the investment promotion from the BOI, foreigners may choose to apply for the investment promotion if the business to be engaged in by the foreigners is on the list of promoted activities.

Author

Chanvit Prachayapipat is a senior associate in the foreign direct investment group. He has over 15 years’ experience advising clients in a wide variety of corporate and commercial transactions, as well as mergers and acquisitions.

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Chanvit Prachayapipat

Senior Associate, Weerawong C&P

Veerayut Pornchai is an associate in the foreign direct investment practice group at Weerawong C&P. Veerayut advises on corporate and commercial matters in a wide range of industries. He assists clients in finding business solutions and optimizing resources. Prior to joining the Firm, Veerayut was a legal manager at an international legal and tax consultancy firm in Thailand.

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Veerayut Pornchai

Associate, Weerawong C&P

About Weerawong C&P

Weerawong, Chinnavat & Partners Ltd.
22nd Floor, Mercury Tower
540 Ploenchit Road
Lumpini, Pathumwan
Bangkok 10330
Thailand

Weerawong, Chinnavat & Partners Ltd. (“Weerawong C&P”) is one of Thailand’s largest independent law firms, combining local expertise with international standards of excellence. We are dedicated to helping clients explore business opportunities in Thailand, South East Asia, and around the world.
 
Weerawong C&P:


•           is a firm with significant presence in Thailand — 15 partners and over 85 lawyers provide services for Thai and international clients;
•           advises on a full range of legal issues — including banking and finance, capital markets, corporate-commercial, debt restructurings, energy, infrastructure and project finance, mergers, acquisitions and joint ventures, public private partnerships, real estate, litigation and arbitration; and
•           is one of the most active and recognized law firms in Thailand — and has been ranked in the top tiers of The Legal 500, Chambers and Partners and IFLR1000 for many consecutive years.