THAILANDSICThailand Standard Industrial Classification

TSIC Class

8720

Residential Care Activities for the Elderly

Definition

The provision of residential care services for the elderly, including retirement homes and senior care.

Foreign ownership

No Foreign Business Act restriction mapped at this level.

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). Narrower codes beneath this one may still carry their own restrictions.

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.

Companies registered since 2022

Browse all

New DBD registrations under this code since 2022, summed across every 5-digit activity beneath it. Not the full historical register.

30
Registered
since 2022
24
Still active
6
Dissolved

New registrations per year, all sub-codes combined

2022peak 11 in 20242026

Source: DBD new-registration records, 2022 to present.

Activities under 8720

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