Page 46 - Introduction to Investment Laws in Thailand

List 3: Businesses in respect of which Thai nationals are not
ready to compete with foreigners
being other kinds of brokers or agents as stipulated in
the ministerial orders

12.Sale at auction except

the international auction that is not an auction of
ancient objects, antiques, art materials that are art
works, crafts or relics of Thai or historically worthy
relics of the country
other kinds of auction stipulated in the ministerial order

13.the domestic trade relating to local agricultural products or
produces that has not been forbidden by other laws
14.Retailing trade of all goods that has the entire capital at the
maximum of 100 million baht or has the least capital of each store at
the maximum of 20 million baht
15.All kinds of wholesaling trade that has the least capital of each
store at the maximum of 100 million baht
16.Advertising business.
17.Hotel business except hotel managing service
18.Tourism
19.Sales of foods and beverage
20.Cultivation, propagating and improving plants
21.Other service businesses unless otherwise stipulated in the
ministerial order
Business in list 3 must obtain approval from the Director-General of
Ministry of commerce but the Committee established by Foreign
Business Act must also give consent to the approval
Source: DBD,2021, Doing business of foreigners According to the Foreign Business
Act, B.E. 2542, <https://www.dbd.go.th/download/foreign_file/pdf/foreing_basic.pdf>
and OSMEP, 2021, Applying for a permit to operate a business under the Foreign
Business Act BE. 2542 (1999), <
https://www.sme.go.th/upload/mod_download/download-20201027142127.pdf>

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