FAQ - Doing business in land transportation
Yes, this business activity is listed in List 2, Chapter 1 (2) of Foreign Business Act, B.E.2542 (1999).
Any foreign company (Foreign Shareholding ratio is greater than 49%) who is willing to start up the business in Thailand with those business activities listed in List 2 of Foreign Business Act, B.E.2542 (1999) is needed to obtain the permission from the cabinet minister together with the permission from the relevant agency.
The relevant agency is "Department of Land Transport”. Referring to Land Transport Act B.E. 2522(1979), this act was enacted to regulate and monitor on the subject of road transport such as transport operation, operational license and control particular commercial vehicles (bus and truck).
Unofficial Translation
"Land Transport Act, B.E.2522 (1979)
Chapter 3: Transport Operation
Section 24 (3) In case of Limited Company, ……..the investment capital of the company shall not be less than 51% of shareholders holding by natural persons with Thai nationality…….”
Thus, the company is needed to be Thai company to operate
Land Transport business. Land Transport Act, B.E.2522 (1979) only Thai version see via
Source: Foreign Business Administration Bureau
Department of Land Transport
Yes, this business activity is listed in List 2, Chapter 1 (2) of Foreign Business Act, B.E.2542 (1999).
Any foreign company (Foreign Shareholding ratio is greater than 49%) who is willing to start up the business in Thailand with those business activities listed in List 2 of Foreign Business Act, B.E.2542 (1999) is needed to obtain the permission from the cabinet minister together with the permission from the relevant agency.
The relevant agency is "Department of Land Transport”. Referring to Land Transport Act B.E. 2522(1979), this act was enacted to regulate and monitor on the subject of road transport such as transport operation, operational license and control particular commercial vehicles (bus and truck).
Unofficial Translation
"Land Transport Act, B.E.2522 (1979)
Chapter 3: Transport Operation
Section 24 (3) In case of Limited Company, ……..the investment capital of the company shall not be less than 51% of shareholders holding by natural persons with Thai nationality…….”
Thus, the company is needed to be Thai company to operate
Land Transport business. Land Transport Act, B.E.2522 (1979) only Thai version see via
Source: Foreign Business Administration Bureau
Department of Land Transport