• Land Trading Businesses
Land trading businesses are listed in Schedule One to the FBA. Foreigners are strictly prohibited from engaging in such businesses, which means licenses cannot be obtained.
• Hotel and Condominium Development
Foreigners are restricted from engaging in hotel businesses unless a Foreign Business License is obtained, since the “hotel business” is listed in Schedule Three of the FBA. However, “hotel management” businesses are exempted from the restriction; thus, foreigners can freely carry on hotel management businesses.