The transfer of the minimum capital must be proved to the Department of Business Development within 15 days from the date prescribed above. This is done by handing in a copy of the Thor Thor 3 Form which is issued by the bank that has received the money.
Transfer of "KnowHow"
The application has to describe in which way the foreign company transfers "knowhow" to Thai workers.
Advantage for Thailand
The applicant has to expand on the advantage Thailand is going to gain from the engagement of the foreign company in Thailand (i.e. improvement of Thai economy; improvement of environment).
Employment of Thai Staff
Most of all staff that the company intends to employ should be Thai.
No Effect to other Thai Companies
There should be no effect on any Thai company competing in the same field of operation as the foreign company.
The Establishment of a Representative Office
An operation as a representative office under the old Announcement of the Revolutionary Party No. 281 is somehow still possible under the Foreign Business Act B.E. 2542 (A.D. 1999) as a service business under Annex 3 (21).
Presently, a representative office (in accordance with its definition under the Regulations of the Office of the Prime Minister in Establishment of Work Permit and Visa Centre (No. 3) B.E. 2544 (A.D. 2001)) is permitted for only 5 business activities as follows: