Law and policy
Policies and practices
What, in general terms, are your government’s policies and practices regarding oversight and review of foreign investment?
Thailand, as a member of the WTO, adheres to the national treatment principle and provides equal treatment for local and foreign investors. However, foreigners may be restricted from engaging in certain business activities that are mainly prescribed in the following three lists of the Foreign Business Act 1999 (FBA).
List One
Business activities that are strictly prohibited to foreigners because of special reasons, such as newspaper, television broadcasting and land trading.
List Two
Business activities that concern national security or safety, or could affect arts, cultures, traditions, customs, folklore handicrafts or natural resources and environment, such as the production and trading of firearms, domestic transportation and…
