Foreign Business License
On 11th February, 2016, the Ministry of Commerce (MOC) issued the Ministerial Regulation Prescribing Service Business Not Requiring Foreign Businesses License (No. 2) B.E. 2559 (2016). Under this regulation, foreign companies wishing to operate the following service businesses will be no longer required to obtain a Foreign Business License from the MOC:
Nevertheless, as this Ministerial Regulation does not provide exemption from the requirements under specific laws governing these commercial banking and insurance service businesses, the foreign companies are still required to comply with those specific laws before operating the aforementioned service businesses in Thailand.
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