Transcript of the above video: 

As the title of this video suggests, we are asking the question, can restaurants be Amity Treaty Companies in Thailand? In point of fact, yes. First off, what is the Amity Treaty? Well there is a bilateral Treaty between the United States of America and the Kingdom of Thailand and this Treaty relationship has existed for about 190 years at this point. The ratification of that Treaty in 1966, or I should say the ratification of the reiteration of the Treaty in 1966, is the current body of law we are currently working with. And under the provisions of that Treaty it grants: "National Treatment" to American Businesses doing business here in Thailand. So this means that Americans can own their business 100%. There are also ramifications in the American Tax context as well; I have done videos on that and written briefs on that in the past, I urge those who are watching this video, go over to legal.co.th, the Resources section, and just type in, in the search function Amity and you will get my whole repertoire if you will of discussion of Amity Treaty Certification, but yes, restaurants can be Amity Treaty Companies. In fact we've set up a number of those over the years for Americans looking to do business here through it as a restaurant and quite honestly it's one of the most efficient ways for an American to come to Thailand and set up a business - not just a restaurant. Restaurants I have noticed just from the outside looking in, our firm having assisted them over the years, it's a daunting job. It's one of those jobs I don't envy for anyone. It is also one of those jobs, everyone thinks they can do it and really in reality, only a really small percentage of people are actually particularly effective at owning and running a restaurant. 

So the thing to take away from this video and understand is one of the key features if you will of the Amity Treaty in the context of a restaurant, is you have already got, you are a restauranteur, you have got a million things to worry about constantly - overhead, profit margin, vendors etc. Having to worry about ownership stuff and maintaining formalities within the Foreign Business Act, do you really want those worries or do you just want to get down to doing your business? If you just want to get down to doing the business of running a restaurant, it's probably not a bad idea to take a look at the Amity Treaty because it gets rid of a lot of the inherent problems sometimes associated with a foreigner doing business here in the Kingdom of Thailand.