Push for foreign ownership
The Science and Technology ministry will seek to change existing law to allow 100 per cent foreign ownership in tech start-up companies, said Minister Suvit Maesincee at the Start-up Thailand Conference, adding that the change will also facilitate start-ups’ access to funding.
The ministry will also draft a new law regarding regulatory sandbox, which will set a period for start-ups to experiement their operations before they are allowed to fully expand their a scope of services or business.
Thailand is alreadyissuing one-year stay visa for foreign businessmen who run start-up companies in the Thailand, he said.
