Financial advisory firms in Thailand

 

Thailand is a high regulated legislation. For financial advisors, not only the Foreign Business Act and Securities and Exchange Act regarding license requirements for securities business (SEC Act), but also a bundle of announcements, decrees, notifications and ministerial regulations have to be taken into consideration.

It seems to be an easy solution to fly under the radar and act as an unlicensed business, either from abroad, as an individual or under a Thai company. However, getting caught results in harsh fines including imprisonment.

The current list of black sheep as named and shamed by the Securities and Exchange Commission can be found here at

http://market.sec.or.th/public/idisc/en/Viewmore/invalert-head

The law firm advises on the legal and regulatory requirements to doing financial advisory legally in Thailand applies on behalf of the client for the required licenses and set-up the required legal entities.

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