The Thailand Amity Treaty has been a blessing to US citizens operating business in Thailand since it allows US citizens to own and operate many, but not all, types of businesses without going through the restrictions of the Foreign Business Act.
Under the Thailand Amity Treaty, Americans are allowed to own many types of Thai businesses without needing to get a Foreign Business License. Simply put, a company with an American majority owner is treated the same in many situations, as if the majority owner were Thai. However, there are still a few areas not covered by the treaty- a company majority owned by a US citizen even if registered under Amity Treaty cannot own land, for example.
Read more about getting protection under the Thailand-US Amity Treaty.
Related Articles:
{ 2 comments }
Comments on this entry are closed.