BANGKOK, Thailand – Government Spokesperson Rachada Dhanadirek has clarified reports regarding a draft ministerial regulation under the Foreign Business Act, stating that it does not allow foreign nationals to operate businesses without oversight.
According to Rachada, the draft involves adjustments to certain business categories, mainly high-tech sectors or industries already regulated by specific laws, to reduce overlapping approval procedures and improve administrative efficiency. Businesses covered by the changes will still be required to comply with relevant laws and to be supervised by agencies such as the National Broadcasting and Telecommunications Commission, the Bank of Thailand, the Securities and Exchange Commission, and energy regulators.
Rachada said the revision seeks to improve the business environment, align regulations with current economic conditions, and maintain control over key sectors. She added that the Ministry of Commerce removed software development from the draft following concerns about potential effects on domestic operators to maintain a balance between investment and local business interests.
The regulatory changes also help streamline licensing, support fair competition, attract advanced technology and skilled professionals, and enhance Thailand’s role as a regional business hub. Oversight will remain in place to protect national interests, ensure economic stability, and support Thai entrepreneurs. (NNT)
