Thai-US Treaty of Amity
The treaty under which a company majority-owned and controlled by United States nationals may obtain a certificate from the Department of Business Development to carry on business on the same footing as a Thai company, save in the sectors the treaty excludes.
IN PRACTICE
What it means in practice
For those who qualify it is a direct route to a foreign-owned operating company, and a narrow one: it is open only to United States nationals and to companies they majority-own and control, and it does not reach the sectors the treaty leaves out. The certificate is applied for at the Department of Business Development like any other, and the shareholding it records has to stay as filed, since a later transfer to a non-US shareholder can take the company outside the treaty. Nationality of the actual owners, not the place of incorporation alone, is what is examined.
THE TERM
The same term elsewhere
- ไทย
- สนธิสัญญาไมตรีไทย-สหรัฐ
- 简体中文
- 《泰美友好通商条约》
- Governing law
- The Thai-US Treaty of Amity, and the Foreign Business Act B.E. 2542 (1999)
ENQUIRIES
