THAILANDSICThailand Standard Industrial Classification

TSIC Activity

14200

Manufacture of articles of fur

Definition

Manufacture of articles of fur, fur clothing and other clothing accessories, parts of leather such as cut leather circles, sheets and strips, articles of fur such as thick carpets, seat cushions, industrial polished leather cloth.

Excluded from this code

  • Manufacture of coarse wool, see group 014 and subgroup 0170.
  • Manufacture of leather and hides, see subclass 1011
  • Manufacture of artificial fur fabrics (woven or knitted fabrics of animal fur), see subclass 1312, 1391.
  • Manufacture of fur hats, see subclass 1413.
  • Manufacture of clothing decorated with fur, see subclass 1411.
  • Dressing and dyeing of furs, see subgroup 1511.
  • Manufacture of boots or footwear consisting of fur, see subclass 1520.

Foreign ownership

Not on the Foreign Business Act restricted lists.

The Foreign Business Act B.E. 2542 (1999) restricts majority foreign ownership only for the activities named in its three annexed Lists. This activity is not among the mappings we hold, so a foreign investor can generally hold up to 100% of the equity, subject to any sector-specific licence and to minimum-capital rules (typically THB 2 million per restricted business, or THB 3 million where a Foreign Business Licence applies).

If an activity is restricted, the routes to foreign majority

  • BOI promotion — the Board of Investment can grant up to 100% foreign ownership for promoted activities, with tax and non-tax incentives.
  • Foreign Business Licence — permission from the Ministry of Commerce to operate a List 2 or List 3 activity as a foreign-majority company.
  • US Treaty of Amity — US nationals may hold majority ownership in most activities, treated as Thai nationals for FBA purposes.

This is general guidance, not legal advice, and mappings are auto-derived. The schedules of the Foreign Business Act B.E. 2542 are the authority; verify against the Act, or ask us to check your specific activity. See the full foreign ownership reference.

See the full foreign ownership reference for all three FBA lists.

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