The Foreign Business Act (FBA) 1999 governs foreign investment in Thailand. Section 4 of the Act defines a "foreigner" as a company in which at least half of the capital or shares are held by foreigners, or a limited partnership or registered ordinary partnership with foreigners as the managing partner or manager.
According to Section 8 of the Telecommunications Business Act 2001, Type 2 licenses (telecommunications operators providing services to a specific group of customers, with or without operating their own telecommunications network) and Type 3 licenses (telecommunications operators providing their own telecommunications network for public use) cannot be granted to foreign applicants. As a result, foreign ownership in these sectors is capped at 49%.

The government maintains shareholdings in the National Telecom Public Company Limited, which was established on 7 January 2021 and provides a full range of domestic and international telecommunication services, holds the status of a state enterprise, with the Ministry of Finance fully owning its registered capital.

Thailand does not mandate functional separation for operators with significant market power (SMP) in the telecom market. However, accounting separation is mandated.

Thailand has not appended the World Trade Organization (WTO) Telecom Reference Paper to its schedule of commitments.

According to the Act on the Organisation to Assign Radio Frequency and to Regulate the Broadcasting and Telecommunications Services B.E. 2553, the executive authority for the supervision and administration of services in the telecommunications sector in Thailand is the National Broadcasting and Telecommunications Commission. It is reported that the National Broadcasting and Telecommunications Commission is independent from the government in the decision-making process.

The Credit Information Business Act 2002 specifically covers the collection and processing of credit information. Section 9 states that only a credit information company has the right to operate the credit information business. Section 12 of the Act states that "No credit information company or information controller or information processor carrying on or operating the business in the Kingdom shall operate, control or process information outside the Kingdom."

Pursuant to Art. 14 of the Foreign Business Act, any initial foreign investment is subject to a minimum capital requirement of THB 2 million (approx. USD 56.000). In the case of restricted businesses (including advertising), the requirement is equivalent to 25% of the total three-year average expected annual expenditure but not less than THB 3 million (approx. USD 84.000).

Section 14 of the Patent Act 1979 (amended in 1999) stipulates that an applicant for a patent must possess one of the following qualifications: (i) be a Thai national or a juristic person with its headquarters located in Thailand; (ii) be a national of a country that is a party to a convention or international agreement on patent protection to which Thailand is also a party; (iii) be a national of a country that permits Thai nationals or juristic persons with headquarters in Thailand to apply for patents in that country; or (iv) be domiciled in, or have an industrial or commercial establishment in, Thailand or a country that is a party to a convention or international agreement on patent protection to which Thailand is also a party.
To file patents, the Ministerial Regulation No. 21 states that if the patent applicant does not reside in the Kingdom of Thailand, the applicant shall authorise an agent or patent attorney registered with the Director-General of the Department of Intellectual Property to act on his behalf (Clause 13). Moreover, the Power of Attorney (POA) shall be attached with the revenue stamp of 30 Thai Baht (around 1 USD) for each patent agent/patent attorney/application. The POA document, if not in a foreign language, must be translated into Thai (Clause 15).

Thailand is a party to the Patent Cooperation Treaty (PCT).

Thailand has a copyright regime under the law Copyright Act 1994. However, the exceptions do not follow the fair use or fair dealing model, therefore limiting the lawful use of copyrighted work by others. Art. 32 lists the exceptions, which include research or study of the work provided that such not for profit; the use for personal benefit or the family benefit including close relatives; review, accompanied by an acknowledgement of the copyright owner, among others

It is reported that rights holders consider existing enforcement mechanisms and deterrent measures to be insufficient in addressing the increasing prevalence of online piracy carried out through devices and applications that enable users to stream and download unauthorised content. Stakeholders are reportedly concerned that criminal proceedings relating to online piracy are protracted and that, even when convictions are ultimately obtained, the penalties imposed are inadequate to discourage future infringing conduct. Counterfeit and pirated goods also remain readily accessible, particularly through online marketplaces. Additional concerns persist regarding the continued use of unlicensed software within the private sector.

Thailand has adopted the World Intellectual Property Organization (WIPO) Copyright Treaty.

Thailand has not adopted the World Intellectual Property Organization (WIPO) Performances and Phonograms Treaty.

According to the Trade Secrets Act, trade secrets can be in any means or any medium which conveys a statement, story, or fact in formula, form, compilations, or assembled works, programs, methods, techniques, or processes (Section 3). The disclosure or use of trade secrets by a governmental agency that supervises the maintenance of trade secrets shall not be deemed as an infringement of rights in trade secrets in the following cases:
- When it is necessary to protect the health or safety of the public, or;
- When it is necessary for the benefit of the public, not for a commercial purpose, the governmental agency must proceed under the procedure to protect such trade secrets from being used in unfair trading activities (Section 7.2).

The Trade Secrets Act (TSA) provides a framework for effective protection of trade secrets. Any “trade information”, such as an instrument of statements, facts, or other information that meets the following three requirements, is protected as a trade secret:
- It is confidential, i.e. the trade information is not being publicly known to or accessible by persons who are not related to the trade information;
- It has a commercial value derived from its secrecy;
- Its secrecy is protected by its owner/controller, who has taken appropriate and sufficient protection measures to maintain its secrecy.
In practice, a non-disclosure agreement is commonly used to safeguard and maintain the secrecy of a trade secret.
If there is a dispute concerning the trade secret because a person infringes its secrecy, the trade secret owner can submit the dispute to the Trade Secret Committee for mediation and settlement. Alternatively, they can file a lawsuit in court against the infringer for interim and permanent injunction orders and compensations for actual damages and punitive damages. The lawsuit must be filed within three years from the date on which the infringement act and the infringer are known or within 10 years from the date of the infringement act.