Push for foreign ownership  

Economy May 18, 2018 01:00

By The Nation

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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.