Why not? You must have heard about the US-Thai Amity Treaty. That makes things even easier for any US citizen. In fact, maximum of the foreign investments in Thailand are made by them. On May 29, 1996, the treaty was signed between the USA and Thailand, promoting trade and commerce and reciprocal legal rights between them. Since then US Citizens enjoy many advantages when they start a business in Thailand. One of the greatest benefits they enjoy is the grant of 100% company ownership. Also, Americans are exempted from most restrictions imposed on foreign investment, implemented by the Alien Business Law, of 1972.
However, for an American to start a business in Thailand, he or she must ensure that at least 51% of the company’s shares are with US nationals. If you are willing to open your company in Thailand, you must have these documents;
- Sole Proprietorship: Proof of the U.S. citizenship
- Thai Partnership: Thai Limited Company or Joint Venture
- Articles of Incorporation
- An Affidavit of the Corporate Officer
- Bylaws of the company
- Application of a Subsidiary: Documents related to the parent company
Once you have these, you must be ready to follow the below-mentioned steps;
Step #1
Fill out the Application Form:
You must fill out the application form properly in compliance with the law in Thailand. Also, you must submit the necessary documents along with it.
Step #2
Certificate Hand-Over:
The CS office will hand over the certificate to the Department of Commercial Registration Thailand while confirming the applicant owns a company managed by Americans. However, this is done only after you have submitted the form along with the documents.
Step #3
Submit the original copies of the documents to the Thai Department of Commercial Registration.
As an American Investor, you need complete guidance on Company Registration in Thailand. Although you are eligible for a multitude of benefits and privileges in comparison to other foreign investors, yet, local Thai support is all you need for success. Simply email us at [email protected] so that we can help throughout the process for US Citizens to start a business in Thailand.
