Thailand’s cabinet has approved proposed changes to the Foreign Business Act aimed at making it easier for foreign companies to operate in the country, Thai Enquirer reports.
The changes allow foreign investors to operate in eight additional business categories without needing a foreign business licence.
The cabinet also approved draft regulations allowing foreigners to operate several service businesses without prior approval.
These include telecommunications, IT management services, treasury centre operations, petroleum drilling, securities-related businesses and some futures trading services.
According to the government, the changes are intended to reduce investment restrictions and support businesses linked to finance, technology and energy.
