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The Foreign Business Act of 1999 regulates foreign ownership of certain Thai industries and foreign companies. The Alien Business Law (N.E.C. Announcement 281) prohibits foreigners from holding certain professions which are reserved for Thai nationals.
(Bloomberg) -- Thailand shelved a new proposal to allow foreign individuals to buy land for housing after the plan triggered a public backlash, with the opposition parties saying the move was akin ...
The Foreign Business Act was a law enacted by the Chuan Leekpai-controlled National Legislative Assembly of Thailand in 1999 that limited foreign ownership of certain Thai industries. Its predecessor was the Alien Business Act of 1972, enacted by a military junta.
Yet Thai authorities claim there is still no sufficient evidence of a property bubble forming in Thailand. Since the Condominium Act of 1979 revised in 2008, it is possible for foreign investors to own a property in a condominium. It greatly boosted foreign investment and stimulated Thailand's real estate market.
The Treaty of Amity and Economic Relations Between the Kingdom of Thailand and the United States of America is a treaty signed at Bangkok on 29 May 1966. [1] The treaty allows for American citizens and businesses incorporated in the US, or in Thailand to maintain a majority shareholding or to wholly own a company in Thailand, and thereby engage in business on the same basis as would a Thai ...
In 2014, the Russian Duma passed a law reducing the foreign ownership ceiling for print publications and radio and television outlets from 50% to 20%; it was passed with a vote of 430-2. The legislation, which came into force in 2016, forbids foreign governments, organisations, companies, and individuals from founding or holding more than a 20% ...
Florida is one of 14 states passing laws in 2023 limiting foreign ownership of real estate ... Florida recently enacted a bill that limits some foreigners from owning property in the state — a ...
[11]: 282 [12] In 2018, King Vajiralongkorn was granted full, personal ownership of royal assets thought to be worth at least $70bn to as much as $130bn. The Crown Property Bureau, which controlled the royal fortune on behalf of the monarchy, said it transferred ownership of the assets following a change in the law a year earlier. [13]