Navigating business opportunities in Thailand | Asia

The country’s strong economic performance and regional partnerships have attracted many foreign businesses. Understanding the regulatory landscape and sector-specific policies is essential for these companies venturing forward

Thailand continues to be a significant market for foreign investors. In 2022, the Thai Board of Investment (BOI) approved more than 2,000 projects worth USD19.5 billion in total, much of which came from foreign direct investment (FDI).

This article explores key legal areas and highlights certain legal issues that in-house counsel should consider in structuring investments in the country. Specific areas of focus are laws and regulations related to foreign investment, likely structures that investment will adopt, available investment incentives, land ownership rights, thin capitalisation rules and prescribed debt-to-equity ratios, foreign exchange controls,…