Thailand Updates Laws to Boost New Economy! Easier Investment for Foreigners

Thailand is moving forward with reforms to its nearly 25-year-old Foreign Business Act of 1999, shifting from a “protectionist” approach to one focused on “enhancing competitive potential” in the digital economy era. The changes reduce restrictions on foreign investment in startups and future-oriented high-tech businesses, while allowing more flexible foreign ownership to attract capital and innovation.

Key Changes

• Removing outdated market protections to enable Thai entrepreneurs to compete fairly with foreign players
• Unlocking tech sectors, making it easier for startups to raise funds, even with increased foreign investor shares
• Attracting global investments that create quality jobs and boost GDP and government revenue

Long-Term Benefits for Thailand

• Rapid economic growth driven by innovation and new industries
• Thai workforce gains advanced skills through technology transfer from foreign companies
• Creating a more attractive investment environment, positioning Thailand as ASEAN’s “business hub of the future”

The main goal is to “empower Thai people” by opening markets, not diminishing local entrepreneurs. This goes hand in hand with targeted support to strengthen SMEs. This marks a major step in modernizing Thailand’s economy, ready to welcome innovation-driven investment!

For additional Information: Public Relations Department

Link: https://prd.go.th