Foreign Business License

Secure Your Investment in Thailand with a Foreign Business License

Securing a Foreign Business License (FBL) is crucial for foreign investors looking to establish a foothold in Thailand, At Siam Trade Development, we specialize in assisting clients to obtain their FBL, ensuring their business operations are fully compliant with Thai laws and regulations. Learn more about the intricacies of obtaining an FBL on the Siam Trade Development website.

Why a Foreign Business License is Essential

A Foreign Business License (FBL) is a mandatory requirement for foreign nationals who wish to conduct business activities in Thailand. This license not only ensures legal compliance but also allows for 100% foreign ownership in certain sectors, such as the import of products. Unlike the Board of Investment (BOI) which cannot promote import activities, and representative offices which are restricted from trading, an FBL provides the unique advantage of full ownership for import businesses.

Benefits of a Foreign Business License

1. Full Ownership: For foreigners looking to import products, the FBL is the only way to achieve 100% ownership of their business. This is a significant advantage over other business structures.
2. Legal Compliance: Operating with a foreign business license ensures that your business adheres to all Thai regulations, avoiding severe penalties and business disruptions.
3. Expanded Market Access: An FBL allows you to participate in various sectors that are otherwise restricted to foreign entities, providing opportunities for growth and expansion.
4. Enhanced Credibility: Having an FBL increases your business’s credibility with local partners, customers, and government authorities, fostering trust and long-term relationships.

Our Comprehensive FBL Services

At [Your Company Name], we offer a comprehensive service package to help you secure your Foreign Business License, ensuring a smooth and efficient process. Our services include:

1. Business Registration: Assisting with the registration of your business with the Thai Department of Business Development (DBD).
2. Document Preparation: Preparing all necessary documentation, including your company’s articles of association, financial statements, and detailed business plans.
3. Application Submission: Managing the submission of your application to the Ministry of Commerce, ensuring all requirements are met.
4. Review and Approval Support: Guiding you through the review process and addressing any queries from the Ministry of Commerce.
5. License Issuance: Ensuring you receive your foreign business license promptly, allowing you to start operations without delay.

Alternatives to Foreign Business License for a 100% foreign ownership

BOI

Securing a Foreign Business License (FBL) is one way to achieve full foreign ownership in Thailand. However, an alternative option is obtaining promotion from the Board of Investment (BOI). The BOI offers benefits such as tax incentives and streamlined visa processes. At [Your Company Name], we help clients navigate these options to find the best fit for their needs. For more details, visit Siam Trade Development’s informative post.

Local Branch Registration

Foreign investors can set up a Branch Office (“Branch”) here. A Local Branch in Thailand is not a separate legal entity but effectively part of the main foreign company. However, it is a separate tax entity: branch forms a permanent unit with the “mother” company. It needs to be registered with Thailand’s Ministry of Commerce.

Branch offices can earn their income. Branch liabilities  will not be limited to Thailand, since the processes are allowed to extend to the overseas head office.

Representative Office

Foreign Companies entertaining business in Thailand may not wish to form an autonomous Limited Company. They might instead wish to operate their business with the help of an Asian representative branch office in Thailand.

A Representative Office don’t pay tax in Thailand. If the business is in import and export, the Representative Office could monitor quality, quantity and handling of the goods, and also suggest alternative sourcing, etc., to the overseas head office.

Why Choose Us?

• Expertise: Our team of professionals has extensive experience in navigating the complexities of Thai business regulations.
• Efficiency: We streamline the application process, minimizing delays and ensuring timely approval.
• Support: We provide ongoing support and advice, helping you maintain compliance and grow your business in Thailand.

For detailed information on obtaining a Foreign Business License in Thailand, visit Siam Trade Development’s guide. Let us help you secure your investment and unlock the full potential of the Thai market.

On this topic, please read also:

Foreign Business License (FBL) in Thailand

Unlocking Opportunities: Company Formation in Thailand