A new ministerial regulation (No. 4) expands the exemptions for the requirement for a foreign business license for certain foreign entities providing services to related companies.
An exemption from the foreign business license requirement is available with respect to foreign entities having related-party transactions involving:
The exemption is available for foreign entities with regard to the provision of services to their related companies in Thailand. For these purposes, the term “related company” is defined with reference to shareholders, ownership percentages, and directors, as follows:
Read a July 2019 report prepared by the KPMG member firm in Thailand
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