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On November 2, 2020, it was widely reported by Thai media that
Thailand s Department of Business Development (DBD) has drafted
ministerial regulations that would remove telecommunications,
treasury center activities, and software development businesses
from List 3 of the Foreign Business Act (FBA). If enacted,
these regulations would effectively mean that foreign entities
(such as a foreign-majority-owned company) would no longer need to
obtain permission from the DBD s director-general and the
Foreign Business Commission before engaging in these
activities.
The three eligible business types under the draft ministerial