Year 1966, Thailand and the United States of America signed the Amity Treaty. This Treaty would allow American citizens to incorporate a company in Thailand where the majority of shareholders could be American nationals. Such company has the privileges and benefits to engage in a business in Thailand as a Thai Limited Company.
The following restrictions are still applicable for companies formed under the Treaty as an Amity Treaty Company cannot engage in businesses related to:
Establishing a branch office in Thailand can be more complex, costly, and timely when compared to incorporating a private limited company. However, the advantage of a branch office is that it can be 100 percent foreign-owned.
Generally, a foreign citizen who wishes to enter the Kingdom of Thailand is required to obtain a visa from a Royal Thai Embassy or a Royal Thai Consulate- General
The principal law sources in Thailand are: Criminal law; Administrative law; Immigration law; Private law; Law of Obligations; Corporate law;
Thailand’s first-ever law on personal data protection came into force on June 1, 2022. The law outlines the obligations for businesses regarding the collection and processing of personal information. The government is expected to provide a grace period for SMEs to comply with the new law.
