By business type
Thai law for Insurtech, investment and wealth platforms
Investment and insurance platforms regulated by the Bank of Thailand or SEC follow their own licensing, not the ETDA rules.
What to check
- Emergency Decree on Digital Asset BusinessesExchanges, brokers, custodians and token offerings are licensed.Emergency Decree B.E. 2561, ss. 3, 17, 19, 26
- Payment Systems Act (Bank of Thailand)E-money and collecting payments for merchants need a licence or registration.Payment Systems Act B.E. 2560, ss. 16, 17; Ministry of Finance notification of 17 April 2018, cl. 2.2, 2.3
- Personal Data Protection ActApplies to offshore companies serving people in Thailand.PDPA B.E. 2562, ss. 5, 37(5), 38
- Foreign Business ActForeign-owned (50%+) Thai companies need their activity checked.Foreign Business Act B.E. 2542, ss. 4, 8, 14, List 3
- Sector questionSEC licensing for securities and fund activity
- Sector questionInsurance broking and agency licensing
ETDA category: Others: investment and insurance marketplaces, P2P lending and crowdfunding
Questions people ask
The rules insurtech and wealth platforms most often have to examine are: Emergency Decree on Digital Asset Businesses; Payment Systems Act (Bank of Thailand); Personal Data Protection Act; Foreign Business Act. Which apply depends on the actual model.
General information, not advice on your business.
See Financial and Digital-Asset Business and Investment