Treaty of Amity Thailand and USA – How American hold shares up to 100% in company
American individual (Citizen) or coporation can set up a company in Thailand with own shares up to 100% under this priviledge of Treaty. A company who wish to apply for registration under “Treaty of Amity” must comply with the following procedures:
Scopes:
- STEP 1. Company Registration. The Government officer recognizes a foreign company and permits the alien (American Citizen or Entity) to have 100% ownership but not yet running business until finish STEP 3.
- STEP 2. Application for Certificate at the US Embassy in Thailand
- STEP 3. Application for Approval of the Director of the Ministry of Commerce. There are 3 conditions that the company must comply with
- 3.1 US citizen shareholder must hold shares more than 50% up to 100%
- 3.2 Director(s) can be Thai or U but if need the third contry director, US director or Thai directorm must more than the third country.
- 3.3 For a single company director, it can be Thai nationality or US citizen but in case that there will be more than 2 directors, US directors must be
Service fee:
- STEP 1 : company registration – click here.
- STEP 2 & 3 is Baht 35,000, anyway the total cost including government and US Embassy fee as below:
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Our service for apply a Certificate of business operation pursuant to Treaty of Amity 35,000 Government fee for American Embassy (US Commercial Dept,) approximately 2,000 Certificate fee when issuance Foreign Business License 20,000 Total cost of Step 2&3 57,000 + $100 - In case of the American corporation was held shares by another corporation, our fee may be increased.
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Timeline:
- STEP 1; Company registration is 3 working days.
- STEP 2: At US Embassy, Commercial Dept is take time 1 week.
** The required document must be Notarized copy of American Shareholders’ and directors’ passport. - STEP 3: AT Ministry of Commerce for issuance FBL is take time 15 working days.
*** The required documents for this step are copies of all incorporate documents and copy of director’s passport. - Remark: Please noted that the above timeline depends on your support and is only applicable if all directors and shareholders must standby to sign documents in Thailand.
For more information, please feel free to contact us:
Phones: +66 2 933 9000
Whats'app: +66 81 919 6225 (Mr. Tana Sipa)
Email: bkk@panwa.co.th