A New 6-Year High Thai Baht
November 4, 2019
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A New 6-Year High Thai Baht Thailand’s central bank has found it tough to stop surging Thai Baht. On Friday, Thai currency advanced as much
Amity Treaty Company (AMITIS)
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.
Who is eligible to start an AMITIS Company:
- 1) American sole Proprietorship of an U.S. citizen by birth or by Naturalization.
- 2) An U.S. Company acquiring a Thai Company, Partnership, Branch Office, Joint Venture, or Limited Company of U.S. citizen by birth or naturalization.
- 3) Thai Company with Majority of American shareholders of U.S. citizen by birth or naturalization.
The Application Process to start an AMITIS Company:
- 1. The Commercial Services Office (CSO) at the US Embassy in Bangkok begins the process of an application to incorporate an Amity Treaty Company. It is essential to comply with all the administrative procedures which may involve various steps depending upon the type of company you wish to incorporate.
- 2. Once all the relevant documents have been submitted to the CSO, the Thai Department of Business Development will then proceed to issue out a certificate that certifies that the applying entity is an American owned and managed company and will then be entitled to receive national company privileges within Thailand under the Amity Treaty.
- 3. The application process for an Amity Treaty Company is complex and times may vary with regards to the documentations and circumstances. The process may take from 3-7 weeks to complete depending upon the certification and the actual verification process. For this reason, it is recommended that you contact Ratchada Law Firm’s lawyers to discuss your options. Today setting up an Amity Treaty Company is the preferred way, for most American Citizens, of incorporating a company in Thailand or a representative office. Companies formed under the Thai-US Amity Treaty do not fall under the Foreign Business Act of Thailand.
The following restrictions are still applicable for companies formed under the Treaty as an Amity Treaty Company cannot engage in businesses related to:
- Own a land in Thailand.
- Natural Resources Exploitation.
- Liberal Professions.
- Domestic Trade in Agriculture Products
- Conducting of Inland Transportation and Communication Industries. 6. Inland Communications. 7. Fiduciary Functions
Thailand Visa Entries are now limited
October 22, 2019
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Thailand Visa Entries are now limited According the latest measure in Thailand, border runs have been cut short due to the very recent changes in
New TM83 Magic Form
October 4, 2019
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New TM83 Magic Form Bangkok, Thailand: Immigration Bureau of Thailand has decided to replace TM30, TM6, TM47 forms with a new TM83 Magic Form. The
Thailand’s bad guys out, good guys in
September 24, 2019
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Thailand’s bad guys out, good guys in Immigration of Thailand have praised the new biometrics system that has been installed in the country just months
