Cloud 7 Legal Services provides an all-inclusive legal, accounting and corporate services. We also specialize in setting up Thai companies under the US-Thai Treaty of Amity by deploying efficient Amity services and processes that are recommended by the US Commercial Service.
One of the major hindrances for the foreign business owner in Thailand is that they are strictly prohibited from owning a majority stake in Thai limited company. This is where US-Thai Amity Treaty company registration prompts in. Registering a company under this special treaty rewards Americans and American corporations with the same rights as a Thai individual accompanied with 100% Foreign company ownership rights.
To register under the Amity Treaty, an eligible foreign corporation needs to fulfill the following requirements:
The US-Thai Treaty of Amity and Economic Relations allows American corporations to own a majority of the shareholdings or the company, branch office or representative office based in Thailand. This special Treaty empowers all Americans and American corporations with the ability to have all-American shareholders so that they do not feel hesitant about transferring controlling ownership to others. However, there are many U.S. Businesses who are comfortable with pursuing joint ventures with Thai partners and permit them to own a majority stake in the company as they have adequate knowledge about Thai business culture and local regulatory framework.
Additionally, this Treaty exempts the American companies from most of the restrictions on foreign investment imposed by the Alien Business Act and treats them similar to Thai companies in most cases.
Although the Amity Treaty offers many benefits to the American companies, it is subjected to certain restrictions that apply on
The Amity company registration process can be a bit of confusion for those who are unfamiliar or have little knowledge about the regulations and procedures of the US-Thai Treaty of Amity. Cloud 7 Legal Services has a team of legal professionals who have extensive knowledge about the registration process. With years of experience of setting up companies under the Amity Treaty, we ensure that your registration process is executed properly, efficiently and easily without any extra cost or delay.