Many people choose to set up a company. with the Treaty of Amity between Thailand and the United States Because they can own the entire company. or majority partner The benefits will not be paid to people in other countries.

This business flexibility under this treaty. Allowing an American sole proprietorship is the only way for foreigners to operate as sole proprietorships in Thailand.

In addition, investors do not have to deal with many of the restrictions involved. with foreign investors will be treated as Thai nationals when they establish a company under this treaty.

Before starting a company, it’s important to look at the drawbacks of a company like this. Pongpanich Accounting Law Team will make you understand every detail. So you can decide if it’s right for what you’re looking for.

First, companies under the Thai-U.S. Amity Treaty There are some limitations, that is, companies are not allowed to Engaged in the business of transport communications or native agricultural products within the country. The Company cannot authorize any power or assets or participate in banking.

In addition, companies under the Thai-U.S. Amity Treaty It is a foreign juristic person primarily registered in Thailand. which prevents the company from owning the land Foreign investors interested in owning land will want to look at other options where Pongpanich Accounting can advise you on options and help you decide on the best fit.

in this option Suitable for US investors only. Which is not a drawback for Americans. Investors of other nationalities who want to invest in Thailand must consider other options.

Requirements to open a company under the Thai-US Treaty of Amity First, Americans must own at least 51 percent of the shares, although they can hold all of the shares.

or at least half of the Board of Directors must be U.S. citizens. But can be 100% American if you want.

There is also a minimum capital requirement for starting a company under the Thai-US Treaty of Amity. If the company does not require a business license in foreign countries It requires a minimum capital of 2 million baht and must increase to 3 million baht if you want a foreign business license. to avoid any complications You should therefore seek help from Pongpanich Accounting before proceeding as the legal team will make sure you understand the funding before registering the company.

Usually takes 4 – 5 weeks, which if there is a slight mistake. It can be extended for another week. For months or months, let Pongpanich Accounting guarantee your documents for review, sorting, and delivery on time. You don’t have to worry about late approvals.

The other two main areas involved are that the company must be certified under the US Facilitation Treaty, and then the company must register.