Registering a Legal Entity under the Treaty of Amity

The main purpose of the US Amity Treaty is to override the Foreign Business Act BE 2542. The US Amity Treaty is very useful for American expats in Thailand. The treaty entitles Thai and American entering the other party's territory for business and investment and also entitles Thai and American have the right to own and operate business in Thailand. This means that an Amity company shall be owned in full by an American and it does not require obtaining a foreign business license or BOI for conducting business. Thai and American also have access to the judiciary in America and Thailand respectively. It purposes to promote trade and commerce, and reciprocal legal rights among member countries.

 

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