We have prepared and attached an English translation of draft Foreign Business License (“FBL”) application of PJT Technology Co., Ltd. (the “Company”) for providing guarantee service to its affiliated company in Thailand. Please review the attached draft as appropriate as well as provide input to the parts highlighted in yellow. You will see our comments/explanation (in blue) on what are the information and documents specifically required from the Company. They include various aspects in accordance with the format adopted by the Ministry of Commerce (“MOC”), e.g. 3-year projection of income and expenses, 3-year training plan for Thai employees, details on hiring of employees.
When the English version is finalized, we will prepare the Thai FBL application and related documents for filing with the MOC.
When the FBL application is submitted to the MOC, the officials always request additional information and documents at their discretion so as to enable them to respond to any queries potentially raised by the members of the Foreign Business Sub-committee and Foreign Business Committee. Unless and until the officials are satisfied with all the information and documents, the officials will not accept the FBL application for further consideration by the Foreign Business Sub-committee and Foreign Business Committee.