FBL is the only document that lawfully allows ≥50% foreign ownership — petitions must pass the Foreign Business Committee at the Department of Business Development (Ministry of Commerce) — NYC Visa drafts the Cabinet-style memorandum and rehearses board witnesses. Outcomes remain at the sole discretion of the embassy or authority. — This track is governed by Foreign Business Act B.E. 2542 (1999) — Lists 1/2/3; the reviewing authority is Department of Business Development, Ministry of Commerce + Foreign Business Committee.
Core rules: FBL/FBC bypasses 51% Thai ownership rule (Lists 2/3) · minimum paid-up capital THB 3,000,000 · minimum salary none · validity 1 yr · OSSC no.
Core documents: Articles of Association + shareholder list, Business plan (5-yr financial model), Technology transfer plan, Audited financials (parent + Thai), List of Thai personnel + payroll, Office lease + photos — each passes a 3-layer chain (Notary → Apostille/MFA → certified translation) and is bound to Department of Business Development, Ministry of Commerce + Foreign Business Committee standard.
Core workflow: eligibility review, document preparation, the relevant Non-Immigrant visa, address notification, filing with Department of Business Development, Ministry of Commerce + Foreign Business Committee, and applicable tax and social-security steps. Authority processing times vary.