The Thai Foreign Business Act (“FBA”), A.D. 1999, prohibits foreigners from engaging in certain business sectors, including most of service businesses, without a Foreign Business License (“FBL”) or Foreign Business Certificate (“FBC”). However, the FBC will be granted swiftly for Americans, in most business areas, because of the US-Thai Amity Treaty of 1966, which gives exclusive rights and benefits to citizens of the USA who wish to establish a business in Thailand.
The US-Thai Amity Treaty of 1966 gives special rights and benefits to American citizens who wish to establish a business in Thailand. The treaty aims to provide significant advantages for US investors to run businesses in Thailand for both corporations and individuals. The FBL, which is usually difficult to obtain, will be granted swiftly for US-Americans in most business areas.