Has the Foreign Business Act of 1999 recently been changed?
The Foreign Business Act has not been repealed however significant amendments introduced by the Ministry of Commerce were passed by the Cabinet in early January 2007 (read an English language translation of the amendments). Legislation passed by the Cabinet generally becomes law after approval (and sometimes modification) by the Council of State and publication in the Royal Thai Government Gazette. In this case, the proposed amendments were not approved by the Council of State, and hence have not become law.
