

Treaty of Amity
Treaty of Amity and Economic Relations between the Kingdom of Thailand and the United States was signed on May 29, 1966 to give special rights and benefits to American citizens who wish to establish their businesses in Thailand.
Treaty of Amity and Economic Relations between the Kingdom of Thailand and the United States was signed on May 29, 1966 to give special rights and benefits to American citizens who wish to establish their businesses in Thailand.
U.S. citizens who wish the establish a company in Thailand are afforded special privileges through the Treaty of Amity between the United States and the Kingdom of Thailand. Signed in 1833 and amended in 1968, the Treaty of Amity gives U.S. citizens privileges that are otherwise not granted to investors of other nationalities including being able to form a private limited company without the need for a Thai partner.
On top of being able to wholly own or hold a majority of shares in companies established under the Treaty of Amity, U.S. citizens are also exempted from restrictions levied on those establishing a regular private limited company. For the most part, Treaty of Amity companies are treated much in the same way as local companies, meaning they are able to engage in the same activities as regular Thai companies save for restricted sectors such as communications and fiduciary services. Moreover, they are not subject to the same limitations and processes as other companies established by foreign nationals.
Although treaty-protected companies are given advantage treatment under US-Thai Amity Treaty, they still need to satisfy the minimum capital requirement under the Foreign ฺBusiness Act (FBA).
The company’s board of directors must consist of a Thai or U.S. majority; although if a member of the board is of any other nationality, they have the option of co-signing with a U.S. or a Thai director
Despite the Treaty of Amity’s privileges, companies established under this scheme are still subject to several limitations. Most notably, companies under the Treaty are not permitted to buy or own land in the Kingdom and are likewise unable to exploit natural resources. Engaging in banking activities involving depository functions and fiduciary services are also restricted, as are ventures into inland transportation, communications, media, and trading indigenous agricultural products.
The shares in the company must be held by a U.S. citizen or a U.S. entity.
Registered capital to qualify for privileges
The company’s board of directors must consist of a Thai or U.S. majority; although if a member of the board is of any other nationality, they have the option of co-signing with a U.S. or a Thai director
Treaty of Amity and Economic Relations between the Kingdom of Thailand and the United States was signed on May 29, 1966 to give special rights and benefits to American citizens who wish to establish their businesses in Thailand.
Registered capital to qualify for privileges
The company’s board of directors must consist of a Thai or U.S. majority; although if a member of the board is of any other nationality, they have the option of co-signing with a U.S. or a Thai director
Communication
Transportation
Fiduciary Functions
Banking
(depository functions)
Land Ownership
Exploitation of land
Other Natural Resources
Domestic Trade in indigenous agricultural products
Communication
Transportation
Fiduciary Functions
Banking
(depository functions)
Land Ownership
Exploitation of land
Other Natural Resources
Domestic Trade in indigenous agricultural products
Level 3, Prasert Sutt Building 360 Sanambinnam Nonthaburi Road,
Bang Krasor, Mueang Nonthaburi,
Nonthaburi 11000 Thailand
#23-05 International Plaza, 10 Anson Rd, Singapore 079903
TH Phone : +66 (0) 97 106 9113
SG Phone : +65 9102 0303
Email : enquiry@inlps.com
Line@ ID : @interloop
MON-FRI : 09:00 – 18:00
TH Phone : +66 (0) 97 106 9113
SG Phone : +65 9102 0303
Email : enquiry@inlps.com
Line@ ID : @interloop
MON-FRI : 09:00 – 18:00
Level 3, Prasert Sutt Building 360 Sanambinnam Nonthaburi Road,
Bang Krasor, Mueang Nonthaburi, Nonthaburi 11000 Thailand
#23-05 International Plaza, 10 Anson Rd, Singapore 079903