All sectors. Central : National Treatment : Minimum capital used at commencement of the business under the Lists attached to the Foreign Business Act B.E. 2542 (1999) shall not be less than that prescribed in the Ministry of Commerce's regulations, which in no case shall be less than three million Baht. In all other cases, minimum capital used at the commencement of the business operation shall not be less than that prescribed by the Ministry of Commerce's regulations and shall in no case be less than two million Baht. : -Foreign Business Act B.E. 2542 (1999), as amended. -Ministry of Commerce's regulations, as amended. - Administrative guidelines.
All sectors. Central : National Treatment : Foreigner18 is permitted to own land according to Investment Promotion Act B.E. 2520 (1977), Industrial Estate Authority of Thailand Act B.E. 2522 (1979), and the Petroleum Act B.E. 2514 (1971). Foreigner, who brings money at least 40 million Baht for investment, is allowed to own land for residential purpose not exceeding 1 rai (1 rai = 1,600 square meters) with a permission by the Ministry of Interior. In the case of hiring the land more than 100 rai for commercial or industrial purposes, where a foreigner or a juridical person according to Section 97 of Land Code is a hirer, sub-hirer or transferee of the right of hirer, its investment in an operation of such commerce or industry shall not be less than 100 million Baht, excluding the cost of hire. Also, the total amount of money invested shall be foreign exchange brought into the Kingdom or withdrawn from the foreign currency deposit account or withdrawn from the non- resident Baht account. : -Foreign Business Act B.E. 2542 (1999), as amended. -Hire of Immovable Property for Commerce and Industry Act B.E. 2542 (1999), as amended. -Land Code, as amended. -Act Promulgating the Land Code B.E. 2497 (1954), as amended -Land Code Amendment Act (No.8) B.E. 2542 (1999), as amended. - Ministerial regulations. - Administrative guidelines. ∞ 18 For the purposes of this reservation, the definition of ‘foreigner' can be found in the Land Code B.E. 2497 (1954).
All sectors. Central : National Treatment : Foreigner19 is not allowed to own housing except condominium20. The total condominium units owned by foreigners must not exceed 49% of the condominium units in each condominium. : -Foreign Business Act B.E. 2542 (1999), as amended. -Condominium Act B.E. 2522 (1979), as amended. - Ministerial regulations. - Administrative guidelines. ∞ 19 For the purposes of this reservation, the definition of ‘foreigner' can be found in the Condominium Act B.E. 2522 (1979). 20 For the purposes of this reservation, the definition of ‘condominium' can be found in the Condominium Act B.E. 2522 (1979).
Examples of All sectors in a sentence
All sectors Sub-Sector : - Industry Classification : - Level of Government : Regional and Local Type of Obligation : National Treatment Senior Management and Board of Directors Description of Measure : National Treatment and the Senior Management and Board of Directors obligations shall not apply to any measure of Autonomous Region of Muslim Mindanao and the Cordillera Administrative Region.
All sectors : - : - : Central : National Treatment Senior Management and Board of Directors : National Treatment and the Senior Management and Board of Directors obligations shall not apply to any measure relating to portfolio investments, which shall include but not be limited to stocks listed in the Philippine Stock Exchange, bonds and other securities.
All sectors : : - : Central : National Treatment Senior Management and Board of Directors : National Treatment and the Senior Management and Board of Directors obligations shall not apply to any measure relating to small and medium sized domestic market enterprise2.
All sectors Sub-Sector : - Industry Classification : - Level of Government : Central and Regional Type of Obligation : National Treatment Senior Management and Board of Directors Description of Measure : National Treatment and the Senior Management and Board of Directors obligations shall not apply to any measure affecting the grant of licenses and permits.
All sectors Sub-Sector : - Industry Classification : - Level of Government : Central and Regional Type of Obligation : National Treatment Description of Measure : National Treatment shall not apply to any measure relating to registration of foreign investment (equity and debt) and foreign loans with the Bangko Sentral ng Pilipinas.
More Definitions of All sectors
All sectors. Central : National Treatment : National Treatment shall not apply to any measure relating to Small and Medium Enterprise21. : -Small and Medium Enterprises Promotion Act B.E. 2543 (2000), as amended. -Fisheries Act B.E. 2490 (1947), as amended. -National Economic and Social Development Plan - Ministerial regulations. - Administrative guidelines. ∞ 21 For the purposes of this reservation, the definition of ‘Small and Medium Enterprise' can be found in the Small and Medium Enterprises Promotion Act B.E. 2543. For illustrative purposes, measure relating to Small and Medium Enterprise may include, for example, Thai SMEs may be given priority to the access of land and water resources in designated areas, and foreign participation is not allowed in small-scale/ aquaculture entrepreneur.
All sectors. Central : National Treatment : National Treatment shall not apply to any measures relating to foreign exchange transactions by non-residents and measures relating to transactions in, and holdings of, local currency by nonresidents23, for the prevention of Thai Baht speculation. : -Exchange Control Act B.E. 2485 (1942), as amended. -Bank of Thailand Act B.E. 2485 (1942), as amended. -Securities and Exchange Act B.E. 2535 (1992), as amended. -Regulations, Circulars and Guidelines. ∞ 23 Examples of measures to prevent Thai Baht speculation include the following: -Measures to limit Thai Baht liquidity -Measures to curb Capital Inflows -Measures on Non-Resident Baht Account (NRBA) and Non- Resident Baht Account for Securities (NRBS) accounts -Measures on Non-deliverable forward.
All sectors. Central : National Treatment Senior Management and Board of Directors : National Treatment and Senior Management and Board of Directors shall not apply to any measure in relation to the employment of expatriates. Restrictions1 may be imposed on the number or ratio, minimum wages, duration and type of expatriates employed. : -Law on Labour, 1994 as amended. -Law on Enterprises, 2005. -Decree 111/2008/ND-CP, dated 10/10/2008. -Decree 03/2006/ND- CP dated 06/01/2006. -Decree 34/2008/ND–CP dated 25/03/2008. ∞ 1 For illustrative purpose, the restriction may include but not limited to: -In the case of managers, executives and specialists, at least 20% of the total number of them shall be Vietnamese nationals. However, a minimum of 3 non-Vietnamese managers, executives and specialists shall be permitted per enterprise; -The legal representative of an enterprise shall reside permanently in Viet Nam as stipulated in the Law on Enterprise, 2005.
All sectors. Central : National Treatment Senior Management and Board of Directors : National Treatment and Senior Management and Board of Directors may not apply to any measure relating to establishment, acquisition, organization and operation of foreign invested enterprises3 or foreign invested projects; including but not limited to the issuance of license/permit, legal form, equity participation4, organization, management and duration of investment5. : -Law on Investments, 2005. -Law on Enterprises, 2005. -Decree 108/2006/ND-CP, dated 22/9/2006. -Decree 139/2007/ND-CP, dated 05/9/2007. ∞ 3 The definition of "Foreign Invested Enterprises" can be found in the Law on Investment, 2005. 4 In respect of equity participation, this reservation shall apply unless such equity participation is otherwise specified in the other reservations in this reservation list. 5 For illustrative purpose, the measure may include but not limited to: -Foreign investors investing in Viet Nam must have an investment project and perform the procedures for investment registration or evaluation of investment at the State administrative body for investment in order to be issued with an investment certificate. -On legal form, foreign investors cannot establish cooperatives. -On management, the financial reporting by foreign and local investors is different. -On duration of investment, maximum duration of a foreign investment projects is 50 years.
All sectors. Central : National Treatment : National Treatment may not apply in the event where activities restricted to designated enterprises are liberalized to those other than the designated enterprises, or in the event such designated enterprises no longer operate on a non-commercial basis7. : -Law on Investment, 2005. -Administrative Guidelines. ∞ 7 For illustrative purposes, ‘designated enterprises' may include Vinafood 1, Petroleum Processing and Trading Company, etc.
All sectors. Central : National Treatment : National Treatment may not apply to any measure affecting land, property and natural resources8 associated with land, including but not limited to acquisition, ownership9, lease, policy on the usage of land, land planning, term of land use, rights and obligations of land users. : -Law on Land, 2003 as amended and its implementing regulations. -Law on Real Estate Business, 2006. ∞ 8 Natural resources found in land belong to the Government of Viet Nam. 9 For illustrative purposes, foreign organizations and individuals cannot own land. They can only lease land in line with the duration of their investment project subject to approval of a competent State body, which shall not exceed 50 years.
All sectors. Central : National Treatment Senior Management and Board of Directors : Based on the requirements for socio-economic development10 in each period and consistent with the undertakings in international treaties of which the Socialist Republic of Vietnam is a member, the Government regulates the list of investments in which investment is conditional, and the conditions applicable to the establishment of economic organizations, the forms of investment, and opening of the market in a number of sectors as applicable to foreign investors Where an enterprise with foreign owned capital invested in a sector in which investment was unconditional but during the course of the investment activity the list of sectors in which investment is conditional was amended with the result that the relevant sector was included, the investor shall be permitted to continue its investment activity in that sector unconditionally. : -Law on Investment, 2005. -Decree 108/2006/ND-CP; dated 22/9/2006. ∞ 10 For illustrative purposes, socio–economic development plans in each period may include the Five-Year Socio-Economic Development Plans.