  
  
S/C/N/ 979 
1 November  2019 
(19-7389) Page: 1/2 
Council for Trade in Services  Original:  English  
 
  
 
NOTIFICATION PURSUANT TO ARTICLE III:3 OF THE  
GENERAL AGREEMENT ON TRADE IN SERVICES  
The following notification, dated  22 October 2019 , from the delegation of Thailand , is being circulated 
to Members of the Council for Trade in Services . 
 
_______________  
 
 
1  MEMB ER NOTIFYING : 
Thailand  
2  NOTIFICATION UNDER : 
Article III:3 of the General Agreement on Trade in Services  
3  DATE OF ENTRY INTO FORCE : 
28 August 2019  
 
3.1  Duration:  
Indefinite  
 
4  AGENCY RESPONSIBLE FOR ENFORCEMENT OF THE MEASURE : 
Department of Business Development, Ministry of Commerce  
 
5  DESCRIPTION OF THE MEASURE : 
Measure:  
 
Ministerial Regulation Prescribing the Minimum Capital and Period for Bringing or Remitting the 
Minimum Capital into Thailand (No.4) B.E. 2562 ( 2019).  
 
Description:  
 
(1) Repeal of the previously existing Ministerial Regulations prescribing the minimum capital and 
period for bringing or remitting the minimum capital into Thailand No.1 – No.3; 
 
(2) The minimum capital to be used by a foreigner for the commencement of the operation of a 
business in Thailand under section 14 paragraph one sha ll be at least two million baht; 
 
(3) The minimum capital to be used by a foreigner for the commencement of the operation of a 
business in Tha iland under section 14 paragraph two shall be no less than twenty -five 
percent of the average of the estimated annual expenditure on the operation of each 
business over the period of three years, provided that the minimum capital shall be at least 
three  million Baht for each business;  S/C/N/ 979 
- 2 - 
  (4) A foreigner shall submit the evidence of the bringing or remitting of the minimum capital 
into Thailand to the Department of Business Development within fifteen days from the date 
of it brin ging or remitting into Thailand ; 
 
(5) A foreigner who operated a business in Thailand by virtue of a bilateral treaty to which 
 Thailand becomes a party, being a treaty under which nationals of the other party are 
 entitled to operate business and exempt from the application of the provisi ons, must bring 
 or remit foreign currencies that form the minimum capital into Thailand in conformity with 
 the rules as  prescribed  within the date 29 August 2029.  
 
6  MEMB ERS SPECIFICALLY AFFECTED, IF ANY : 
None 
7  TEXTS AVAILABLE FROM : 
Department of Business Development  
563 Nonthaburi 1 Rd, Amphur Muang,  Nonthaburi 11000  
Tel: (+66) 2547 4458  
https://www.dbd.go.th  
 
 
 
__________  
 