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Doing Business as an American in Thailand: Amity Companies, Work Permits, and B Visas?
Transcript of the above video:
As the title of this videos suggests, we are discussing considerations for Americans doing business here in Thailand. There are specific considerations which Americans can avail themselves of most notably what is called the US-Thai Treaty of Amity.
For those who are unaware, there is a nearly 200-year Treaty between the United States and Thailand and pursuant to the terms of that Treaty, basically Americans can do business in Thailand with "National Treatment" in a corporate context, meaning they can own their companies outright notwithstanding the provisions of the Foreign Business Act which in many cases will require foreigners to basically have either a 49/51 Thai, well I should say foreign to Thai share structure, or avail themselves of trying to get oftentimes difficult if not impossible to obtain licensure to be able to do business in Thailand. Under the Amity Treaty, companies that are owned by Americans can be held outright - they can be 100% American owned - and they are treated as if they are Thai Companies pursuant to National treatment. Now that said, that doesn't mean that Work Permits and Visas are not still required because the American is at the end of the day a foreigner, and work restrictions still apply as an individual regarding foreigners in Thailand as do visa requirements.
So Business Visas and Work Permits are still required for Americans doing business even with an Amity Company, but it is important to point out that they can own their business outright and they can do business under their corporate moniker with Work Permit and Business Visa status here in the Kingdom of Thailand.
