THAILANDSICThailand Standard Industrial Classification

TSIC Activity

28261

Manufacture of textile preparing, spinning, weaving and knitting machines

Definition

Manufacture of machinery for textile production, such as machinery for preparing fibers, spinning and winding yarns, such as carding, combing and squeezing machines, cotton gins, spinning and twisting machines, winding machines, machinery for preparing textile fibers, cotton gins, cotton or staple fiber shredders, fiber ripping machines, cotton expanding devices, cellulose shredders, combing machines, fiber combing machines, fiber carding machines, loom frames, winding machines, machinery for preparing textile yarns, looms and other similar machinery, including hand looms, knitting machines, machinery for producing nets, veils, lace, knitted fabrics, etc. Manufacture of machinery and accessories for textile production, such as dobbies, jacquard, automatic stoppers, shuttle changers, spindles, etc.

Excluded from this code

  • Manufacture of paper or paperboard for use on jacquard looms, see activity 17099.

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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