Treaty of Amity
Under the U.S.-Thai Treaty of Amity, American citizens enjoy the privilege of establishing a limited company in Thailand with significantly reduced obstacles compared to other foreign investors. This includes full foreign ownership of the company.
Although the formation process may entail certain complexities, including acquiring a Foreign Business License, Formichella & Sritawat offer a hassle-free and meticulously executed process.
While it is possible to form a company within 7 days, It is important to note that the timeframe for the company formation process excludes the additional licenses required for Treaty of Amity Companies.
What you should know about Amity Companies
- This provision is exclusively applicable to U.S. citizens or U.S.-majority owned entities.
- U.S. citizens are required to hold a majority of the company’s shares.
- The company’s board of directors must be comprised mostly of Thai or US citizens, and any other directors must co-sign with a Thai/US director.
Benefits
- 100% foreign ownership
- American-owned companies are given many of the same rights as Thai-owned companies
- Exempt from most restrictions on foreign investments.
- Enjoys most of the same benefits as regular limited companies
- Eligible for corporate and foreign currency bank accounts