Applying For a Foreign Business License in Thailand

The first step to start an enterprise in Thailand is to apply for an international license. Before you can apply for an international business license, you need to be familiar with the requirements and penalties of operating your business without one. You also need to be aware of the exemptions from the requirement. This article will provide information on the requirements forforeign business license s, as well as the exemptions.

Application for an international Thai business license

To obtain a license in the event that you intend to start a foreign business in Thailand you must meet certain requirements. These include proof of competence and age requirements. In addition, foreign investors and managers must have either permanent residency in Thailand or a temporary entry permit. Additionally, they must not have had any convictions for criminal offences under the FBA within the last five years prior to applying for a license.

The first step in obtaining an international business license in Thailand is to submit an application that is complete. The application will be reviewed by the department of business development before being recommended to the Minister of Commerce. After approving the request to Cabinet the license will be issued. The entire process should take approximately 15 days.

Penalties for operating a business in Thailand without an international business license

Fines and jail terms can be imposed for operating an enterprise within the Kingdom of Thailand that does not have an international license. The principal person responsible for the running of a business could be sentenced to three years in prison. Directors and partners of a business could also be imprisoned.

A Thai company operating in a country outside of Thailand without an international business license could find itself in trouble, and may be subject to liability in their overseas country. Foreigners should speak with a certified legal advisor prior to establishing their business.

Requirements to obtain an international business license

You will need a foreign business licence for conducting business in another country. The process is similar to filing the articles of incorporation or articles of organization. You'll need to file your documents online or via mail. Depending on the state the turnaround time could vary greatly. It is crucial to file documents as soon as possible in order to decrease the time to file.

The Foreign Business License application process is time-consuming and complex. Many foreign investors don't take the time to complete the process. It is essential to be aware of the requirements if you intend to establish a business in a different state.