With the new law implemented in Thailand that allowed the Cannabis business to be completely legal, it’s important that all business owners understand what are the legal and illegal activities that can be conducted in Thailand.
Accounting & Legal in Thailand
It has just been announced as of June 9th, 2022, that Thailand becomes the first Asian country to legalize growing, distributing, and consuming cannabis in foods and drinks. This becomes a big deal for the country as the government hopes to see the new legalization of cannabis boost Thailand’s agriculture and tourism.
The FBL is basically a certification or a ticket that allows you to successfully establish a foreign business in Thailand. This will be awarded to a foreign company or investors that would like to operate their business in Thailand under Thai law. It is important to note that this can only be done if the majority of the company’s shares are foreigners and not Thais.
