📢 What is an FBL License (Foreign Business License)? Why Must Foreign-Owned Companies Apply? If your company has foreign shareholding exceeding 49% and wishes to operate legally in Thailand, you may be required to apply for a Foreign Business License (FBL). 📌 An FBL is a legal operating license issued under the Foreign Business Act of Thailand, allowing foreign-owned companies to conduct business in Thailand lawfully. It applies to business activities such as: ✔️ Consulting