Foreign Business Act

  • Business News

    Foreign business as usual: Thailand schools diplomats on investment

    The Department of Business Development in Thailand hosted a briefing for diplomats and international organisation representatives to clarify the Foreign Business Act (FBA) of 1999. The objective was to educate foreign investors on the law to ensure compliance and proper investment practices in Thailand. The Director-General of the Department, Auramon Supthaweethum, stated that the meeting aimed to help foreign investors…

  • Phuket News

    American arrested for violating Foreign Business Act in Thailand

    An American citizen was apprehended by the Department of Special Investigation (DSI) for violating the Foreign Business Act. The arrest occurred following allegations of illegal profit redirection from a luxury villa estate developer. The individual in question, referred to as David, was taken into custody at the entrance of Jomtien Hospital in Chon Buri, around 11am last Thursday, as per…