Transcript of the above video:

As the title of this video suggests, we are discussing the US-Thai Treaty of Amity. For those who are unaware, there is a Treaty between the United States and the Kingdom of Thailand which stipulates that Americans or American Businesses doing business in Thailand can gain what is called national treatment whereby they can do business in much the same manner that Thais can do business here in Thailand.

As a practical matter, what we are talking about here is American Companies certified pursuant to the terms of the US-Thai Treaty of Amity do not need to worry about the provisions of what is called the Foreign Business Act, most notably that they do not necessarily need a 49/51 ratio between foreign shareholders and Thai shareholders. An Amity Treaty Company can be owned 100% by an American or an American Company. 

Now that said, I do occasionally get people who ask me, "Is it really that big of a benefit?" Well I don't know. Is owning your own business rather than having a 51% shareholder of your business, if it is your business, again it is circumstantially dependent and obviously as we have discussed in many other videos, nominees are illegal, but obviously ownership of your own business to my mind is pretty self-evident. That is going to be a major boon to doing business here. And it is a benefit that Americans really have that not a lot of other nationalities have in Thailand. Americans can do business in Thailand, own their companies 100%, pursuant to the US-Thai Treaty of Amity and that is something that I think, again the word just keeps popping into my head, it is just self-evident that that is a major benefit for doing business here in the Kingdom of Thailand.