Legal Services & Resources 

Americans who are looking to do business in Thailand should strongly consider looking at the US-Thai Treaty of Amity which allows 100% ownership by the American as well as other major benefits.

The Bank of Thailand is reviewing its retail banking fees and other charges which it feels are no longer justified due to the gradual change over to digital banking.

Expats who are looking to move to Thailand, oftentimes setting up a company is a good choice as many benefits such as bringing in revenue which then helps with tax compliance.

Foreigners wishing to set up a company in Thailand should look at the EEC or BOI which provide various concessions but the best path for Americans is the Amity Treaty which allows 100% ownership..

The Department of Business Development is making some changes to certain rules regarding Thai nationals who go into business with foreign partners which could negatively effect foreign investment in Thailand.

The DBD is addressing the issues of nominees in Thailand, but the new regulations could put off legitimate foreign investors who wish to set up a company with a Thai partner.

The new requirements that Banks in Thailand are putting in place such as minimum balances and even freezing of accounts will most likely negatively impact the economy and people could even stop doing business.

According to an article in a new outlet in Thailand Wise is rolling out a system that will allow overseas transfers and prompt pay access to expats which may not be as convenient as it sounds.

Foreigners who wish to set up a business in Thailand should be aware that Thailand now has a system that can assess corporate entities in order to be sure they are not being used as a front for a foreigner to own land.

Although the US-Thai Treaty of Amity does provide many benefits to Americans who wish to do business in Thailand, the ability to purchase land is not such a benefit.