Nation Thailand
Thai Cabinet backs bill to ease startup fundraising
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Thailand’s Cabinet has approved in principle a bill that would ease fundraising and shareholding restrictions for startups and give eligible companies five years of rights and benefits.
Key facts
- Ekkaphop Phianphiset, spokesman for the Prime Minister’s Office, said the draft Startup Business Promotion Act would be reviewed by the Office of the Council of State after the Cabinet's approval.
- Deputy Prime Minister Phiphat Ratchakitprakarn chaired the meeting at 10am on Tuesday (September 8, 2026) in Committee Room CB 406 on the fourth floor of the Parliament building on Samsen Road in Bangkok’s Dusit district.
- Startups using deep technology in agriculture or other designated fields could receive benefits for longer than the standard five-year period, up to a maximum of 10 years, the spokesman added.
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Summary
Ekkaphop Phianphiset, spokesman for the Prime Minister’s Office, said the draft Startup Business Promotion Act would be reviewed by the Office of the Council of State after the Cabinet's approval.
The Cabinet also instructed the Department of Business Development to revise provisions of the Civil and Commercial Code governing limited companies, along with related legislation, to accommodate modern business models and fundraising practices.