Foreign Business License in Thailand

Foreign Business License (FBL) With SiamConsult

Are you a foreign national planning to operate your business in Thailand?
It is very possible, but if you or your company holds more than 49% ownership in a business that falls under restricted sectors, you’ll need a Foreign Business License (FBL) to operate legally.

The FBL is required under Thailand’s Foreign Business Act and applies to a wide range of industries, including trading, retail, services, construction, and logistics. Without this license, your business may be prohibited from operating or subject to penalties. The process can be challenging, but professional guidance greatly improves your chances of approval.

For an overview of all business licenses and company types in Thailand, please refer to our Business License Overview.

Pros & Cons of a Full Foreign Business License

• Pros:
  • Enables majority foreign ownership in restricted sectors
  • Long-term legal security and market access
  • Builds trust with customers and partners
• Cons:
  • Detailed documentation and compliance checks are required
  • The process can be time-consuming and complex
  • Annual reporting and regulatory reviews are mandatory

SiamConsult supports Foreign Business License applications for clients based in Krabi, Ao Nang, Koh Lanta, Phi Phi, Phang Nga, and Phuket, ensuring expert assistance is available no matter where your business is located in southern Thailand.

How SiamConsult Supports Your FBL Application

SiamConsult helps you navigate this high-stakes process with precision and expertise.
We guide you through eligibility checks, documentation, and work directly with the Ministry of Commerce and the Foreign Business Committee to ensure a smooth and compliant application process.

Our FBL Support Includes

• Legal review of your business structure and eligibility
• Preparation of application documents, financials, and operational plans
• Coordination with the Foreign Business Committee and relevant ministries

Need support beyond FBL?
Explore our accounting and audit services or the Business License Overview.  

Contact SiamConsult for step-by-step legal help. First consultation is free!

Key Points for Foreign-Owned Businesses

• The FBL is mandatory for the majority of foreign-owned companies in many sectors.
• Strict documentation and eligibility criteria apply
• For official FBL requirements, visit the Department of Business Development (DBD)
• See full Foreign Business Act details at the Ministry of Justice, Thailand
• For further information, see the Ministry of Commerce, Thailand

With extensive experience advising foreign-owned companies in Thailand, SiamConsult ensures that your application is compliant, complete, and professionally handled, thereby reducing delays and maximizing your chances of approval.

Need help with your FBL?
Contact SiamConsult
for expert guidance on operating legally in Thailand.