HORIZONTAL COMMITMENTS. ALL SECTORS INCLUDED IN THIS SCHEDULE 3. In the case of the supply of services through commercial presence, only juridical persons of another Party owned and controlled by persons of any Party may benefit from Thailand’s commitments. Unless otherwise specified at the sector- specific level, commercial presence in sectors or subsectors in this schedule is permitted only through a limited liability company which is registered in Thailand and which meets the following conditions: (a) Foreign equity participation must not exceed 49 per cent of the registered capital; and (b) The number of foreign shareholders must be less than half of the total number of shareholders of the company concerned. 4. Unless otherwise specified at the sector-specific level, temporary movement of natural persons is unbound except in 3. In the case of the supply of services through commercial presence, only juridical persons of another Party owned and controlled by persons of any Party may benefit from Thailand’s commitments. Unless otherwise specified at the sector- specific level, for commercial entity incorporated pursuant to Thailand’s laws and regulations with foreign equity participation not exceeding 49 percent of the registered capital : None Others : Unbound, including subsidies 4. Unbound, except as provided in the MA column
Appears in 4 contracts
Samples: Asean China Agreement, Asean China Agreement, Asean China Agreement
