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ResourcesCorporate and Tax AdvisoryUS Corporate LawWhat's the Minimum Capital for a Thai Amity Treaty Company?

What's the Minimum Capital for a Thai Amity Treaty Company?

Transcript of the above video:

As the title of this video suggests, we are discussing the US-Thai Treaty of Amity and a question that comes on the lips of many folks that are looking to do business here in the Kingdom or Corporations looking to set up subsidiaries, representative offices, branch offices etc., is "What is the minimum registered capital that we need to put up in order to register a Company under The Amity Treaty?" 

Pursuant to the Treaty itself, there really is no minimum registered Capital. Now Thai Law specifically has certain minimums that all Companies must adhere to when setting up a Limited Company here in the Kingdom but the Treaty itself does not stipulate any particular minimum and by my reading of the relevant law on it, there really is no minimum. Now that being stated, there are regulations, especially with respect to foreigners doing business in the Kingdom or working in the Kingdom specifically, wherein there are certain minimum capitalization requirements in order to obtain things like a Thai Work Permit or a Thai Business Visa but that is a different matter; that doesn't have anything to do specifically with the incorporation of an Amity Treaty certified entity within the jurisdiction of the Kingdom of Thailand. 

So the thing to take away from this video is while there is no registered capitalization requirement, if American citizens or third-party Nationals that are not Thai would be working for that company here in the Kingdom, there may be Registered Capital requirements that pertain to that set of circumstances but within the four corners if you will of the company set up itself, no there is no, to the best of my knowledge and I have read the Treaty and the relevant regulations that pertain to it many times, there is no specific regulation pertaining to a specific threshold that has to be met with respect to registered capitalization. 

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