Brief: The Foreign Business Committee has recently reviewed the service businesses under List Three annexed to the Foreign Business Act B.E. 2542 (1999) (FBA), which foreigners are prohibited to conduct without a foreign business license or certificate, and considered proposing further exemptions thereunder. → Read more
Summary: The draft new Trade Competition Act (TCA) was approved by the Cabinet in October 2016, and the National Legislative Assembly on 23 March 2017 and 24 March 2017. The TCA will be proposed by the Prime Minister to the King for royal endorsement. Once endorsed, the TCA will be published in the government gazette, and the TCA will become effective after 90 days from its publication in the government gazette.
The current Trade Competition Act B.E. 2542 (1999) shall be repealed and replaced by the TCA. → Read more