April 19, 2011

Primer for Foreign Investors

Thailand: Legal Developments, Tilleke & Gibbins Client Newsletter

Foreigners in Thailand derive their legal rights primarily from the domestic laws of Thailand. There are certain rights that are reserved only for Thai citizens, but this is not unusual as all countries have their own restrictions on the rights of foreigners. The rights of foreigners in Thailand are restricted to a certain extent by such statutes as the Nationality Act, Immigration Act, Foreign Business Act, Land Code, and Alien Employment Act. Restrictions on foreign ownership in special industries such as commercial banks, insurance companies, commercial fishing, aviation business, commercial transportation, and tourism can be found under various statutes.

Piyanuj (Lui) Ratprasatporn
Partner and Director, Corporate & Commercial