After months of speculation, the Bank of Thailand (BOT) has published its official Ministerial Notification on Guidance, Procedures, and Conditions for applying for a Licence for Virtual Bank (Virtual Bank Notification) on 4 March 2024. The Virtual Bank Notification sets out provisions regarding terms, conditions and material requirements necessary to obtain
Thailand
Tracking regulatory developments in Thailand
The Ministry of Commerce of Thailand has launched a public hearing in relation to draft ministerial regulations (the Draft Regulations) specifying business activities which will be exempt from the requirement to obtain a Foreign Business License (FBL) under Thailand’s Foreign Business Act B.E. 2542 (1999) (as amended) (FBA).
Under the…