The much-anticipated Future Forward Party has been approved initially by the Election Commission (EC).
The status would be fully confirmed only after the party has collected the Bt1 million membership fee as a capital fund and gained at least 500 members within 180 days, according to the organic law governing political parties.
The Future Forward Party, led by billionaire Thanathorn Juangroongruangkit, wrote on its Facebook page on Friday that it only had to wait for the permission from the National Council for Peace and Order in order to hold its first meeting scheduled for May 27.
The party said it invited every supporter interested in joining as well as towards the new future with it.
Besides Future Forward, EC acting secretary general Jarungwit Phumma said four other parties had recently received the same approval.
Of all the 99 parties seeking the registration, 20 parties had already been approved, he said.