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Baker Mckenzie | Thailand: Foreign Business Act Exemptions in Effect
On 28 August 2026, the Ministry of Commerce (MOC) of Thailand issued ministerial regulations removing eight categories of business from the requirement to obtain a Foreign Business License or a Foreign Business Certificate under the Foreign Business Act B.E. 2542 ("FBA"). The ministerial regulations are now in effect. Foreign majority-owned companies or foreign entities intending to engage in eight specific businesses are no longer required to obtain a Foreign Business License or a Foreign Business Certificate.
