Register Your Company in Thailand Smoothly & Worry-Free

Thai-US Treaty of Amity Company

Register your company in Thailand under Thai-US Treaty of Amity and enjoy the benefits of a 100% foreign ownership and more (US nationals only).

What is Treaty of Amity?


American nationals living in Thailand have the privilege of registering their businesses under the Thailand – US Treaty of Amity. The Treaty of Amity and Economic Relations between the United States of America and the Kingdom of Thailand (often referred to as the “Amity Treaty” or “Treaty of Amity”) was established to promote friendly relations between the two countries and to encourage mutually beneficial trade and closer economic and cultural association between their citizens. Pursuant to the Treaty of Amity, American nationals are entitled to certain exceptions on the restrictions laid out in the Foreign Business Act.

Overview of a Treaty of Amity Company

Foreign Ownership

Up to 100% (majority must be US & Thai nationals)

Capital Requirements

Minimum 3 million THB registered capital*

Tax Rate

Regular progressive corporate income tax rates (may need to check Tax Treaty with home country)

Foreign Business License

Treaty of Amity companies are granted the Foreign Business License upon issuance of the Amity Certificate

Business Restrictions

Unrestricted in activities other than a few industries listed below; a license must be requested for certain businesses

Registration Duration

2 months

Benefits of the Thai-US Treaty of Amity

100%

Foreign Ownership

The Thailand – US Treaty of Amity allows American companies and individuals the following benefits:

  • To maintain complete or majority ownership over their American owned business that are registered in Thailand or in the United States of America under the Treaty of Amity, whether in the form of a sole proprietorship, limited company, branch office or a representative office
  • To receive national treatment which means that American legal entities and individuals are entitled to carry out almost every type of business which are generally prohibited to foreign investors holding other nationalities in Thailand, pursuant to the benefit provided by the Treaty of Amity

Benefits for Existing Companies

The above-mentioned benefits of the Thailand – USA Treaty of Amity do not only apply to newly registered companies. Instead of incorporating a new company, existing US businesses wishing to expand their presence to Thailand are eligible to receive the same rights and benefits also when registering a branch office.

Application Process for Startups

Once the initial preparation of documents has been completed, the registration process consists of four major steps:

Step 1

Registration of the company at the Department of Business Development as a majority foreign entity.

Step 2

Application for Certificate at the US Embassy in Thailand.

Step 3

Application for Approval of the Director of the Ministry of Commerce.

Step 4

Application for the Foreign Business License.

Moreover, applying companies must meet the following requirements:
  • The US shareholder must posses no less than 50% of the shares (up to 100%)
  • Director(s) of an American-owned company under the Thailand – USA Treaty of Amity may be only Thai or US nationals
  • In case of multiple-director company and presence of both Thai and US nationals, the US director must possess greater power than the Thai director

Treaty of Amity Company - Structure Details

  • Business Restrictions

    Thailand restricts American operations and investment only in the following business activities:

    • Transportation
    • Communication
    • Fiduciary functions
    • Banking involving depository functions
    • Exploitation of land and natural resources
    • Owning land
    • Domestic trade in agricultural products
  • Capital Requirements

    Business activities not restricted under the Foreign Business Act require a capital investment of no less than 2 million THB. Activities that fall under protection of the Foreign Business Act will require a Foreign Business License and an investment of no less than 3 million THB for each business activity. The 3 million THB minimum capitalization also applies to companies certified under the Amity Treaty.

Business Restrictions

Thailand restricts American operations and investment only in the following business activities:

  • Transportation
  • Communication
  • Fiduciary functions
  • Banking involving depository functions
  • Exploitation of land and natural resources
  • Owning land
  • Domestic trade in agricultural products

Capital Requirements

Business activities not restricted under the Foreign Business Act require a capital investment of no less than 2 million THB. Activities that fall under protection of the Foreign Business Act will require a Foreign Business License and an investment of no less than 3 million THB for each business activity. The 3 million THB minimum capitalization also applies to companies certified under the Amity Treaty.

Safe Business Structure as a Stepping Stone for Your Success

Gain peace of mind knowing that your business is set up on sound legal foundations and with your best interest in heart.

We will help you select the most suitable structure

Direct and fast communication with English-speaking lawyers

No hidden costs and surprises

Support and advice throughout the whole process

Start Your Business in Thailand the Right Way

Do you have more questions about Thai-US Treaty of Amity?
Contact us, we are here to help.

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Legal & Business Services for Corporates, Startups and Entrepreneurs

Our Office

Umpire Legal Co., Ltd.
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4th Floor, Sukhumvit Road (12-14)
Khlongtoey, Bangkok 10110 Thailand

© 2017 Umpire Legal Co., Ltd. | Created by BOLD Digital

Our Office

Umpire Legal Co., Ltd.
246 Times Square Building, Unit 405
4th Floor, Sukhumvit Road (12-14)
Khlongtoey, Bangkok 10110 Thailand

(+66) 098 932 3008
(+66) 02 2541608-9

Umpire Legal
Legal & Business Services for Corporates, Startups and Entrepreneurs
© 2017 Umpire Legal Co., Ltd. | Created by BOLD Digital