Thailand Investment Reforms Needed to Unlock European Expansion Plans

Further Thailand investment reforms are needed if the country is to attract greater European investment, according to the EU-Asean Business Council, despite continued interest from international companies in expanding operations.

Vice-chair Noel Clehane identified life sciences, biotechnology, advanced manufacturing, low-carbon industries, financial services and consumer products as sectors with significant investment potential.

A 2025 survey found that 57% of European businesses planned to increase investment in Thailand.

However, companies continue to cite more than 7,600 ministerial regulations, foreign ownership restrictions and complex licensing procedures as major barriers.

Clehane said the existing 49% foreign ownership limit discourages technology and services businesses that need stronger protection for intellectual property and operational control.

The council supports reforms to the Foreign Business Act that would simplify market entry, improve investor confidence and strengthen Thailand's competitiveness as a regional investment destination.