The Treaty of Amity allows US-owned sole proprietors, branches, representative offices, or limited companies registered in Thailand or the US to be fully or majority-owned by US citizens. They must hold no less than 50% of the company’s shares.
The treaty also entitles American entities and individuals to venture into most businesses that may otherwise be prohibited to foreigners of other nationalities.
US businesses are prohibited from engaging and investing in the following activities:
US-owned companies under the Treaty can only appoint Thai or US citizens as directors. If there are multiple directors, the US director must hold greater influence over the Thai director.
Companies seeking to avail the Treaty of Amity are required to have a minimum registered capital of 3 million Baht.