In a trend towards greater market liberalization, Thailand has opened up as a venue for issuance and offering of foreign debt securities. Until recently, the issuance and offering of foreign equity-based securities was prohibited, except when offered only to limited groups of recipients, such as offering foreign securities to employees of the foreign issuer or its subsidiaries in Thailand under an employee stock option plan, or offering fully-paid ordinary shares to existing shareholders (i.e., rights offering). Effective Dec 1, 2009, foreign equity-based securities (e.g., shares and warrants on shares) listed on a home exchange (foreign stock exchange) will be permitted to be listed on the Stock Exchange of Thailand if certain requirements are fulfilled. This article looks at the benefits.