The Amity Treaty In Thailand – Open 100% Foreign Ownership Company
The Amity Treaty was signed on May 29, 1966 between the USA and Thailand, with the purpose of promoting trade, commerce, cultural understanding and reciprocal legal rights between the countries.
This treaty grants to US citizens who want to run businesses in the Kingdom of Thailand, the right to own up to 100% of a Thai company.
Advantages of the Thailand Treaty of Amity
The Thailand Treaty of Amity has provided Americans with two major trade advantages:
- The Thailand Treaty of Amity allows American citizens and companies up to 100% of the shares in a company, branch office or representative office located in Thailand.
- American companies may engage in business on the same basis as Thai companies, and are exempt from most of the restrictions on foreign investment imposed by the Alien Business Law of 1972.
The Thailand Treaty of Amity strictly prohibits American investors from engaging in the following reserved activities:
- Fiduciary functions
- Banking involving depository functions
- Land Ownership, Exploitation of land or other natural resources
- Domestic trade in indigenous agricultural products
Brief procedures to obtain Treaty of Amity certification
Step 1: Filing the Document.
Complete your application for certification under the Thailand Treaty of Amity, in compliance with Thai law.
Step 2: Certification by CS.
Upon receipt of the preceding required documents, the CS office will then provide certification to the Thai Department of Commercial Registration in the Ministry of Commerce that the applicant is an American owned and managed company, and is therefore entitled to national treatment under the provisions of the Thailand Treaty of Amity.
Step 3: Application to the Ministry of Commerce.
After certification by the CS, original copies of all the above-mentioned documents, along with a completed application form, obtained from the Department of Registration in the Thai Ministry of Commerce, should be submitted to the Thai Department of Commercial Registration in the Ministry of Commerce.
Contact us for assistance with registering your business under the Amity Treaty. We’ll complete the whole process quickly for you, including setting up bank accounts and registration for tax. We will be happy to provide any further related services that you may require, such as accountancy, virtual office, or executive desk space with full supporting secretarial services, on an inexpensive and flexible lease.Tags : 100% foreign ownership, Treaty of Amity, Treaty of Amity US Thai, USA Thailand amity treaty,