Glossary Β· Thailand
Foreign Business Act
Definition
Thai legislation restricting or requiring special licensing for foreign majority ownership in defined categories of business, from services to certain retail and agricultural activities.
Why it matters for a secondary
A foreign buyer eyeing a majority secondary stake in a Thai company has to structure around the Foreign Business Act β often via a licensed structure or a minority position β before a deal can close.
Frequently asked questions
Does "Foreign Business Act" apply the same way everywhere in Asia-Pacific?
No. Each market in this glossary has its own regulator, corporate forms, and rules β this term is specific to Thailand. Check the linked market page for the fuller picture.
Is this legal or financial advice?
No. This is orientation for investors and allocators, not legal or financial advice. Confirm current rules with a licensed adviser in the relevant market before acting on anything here.