Transcript of the above video: 

As the title of this video suggests, we are discussing US-Thai Treaty of Amity protected companies or I should say certified companies here in Thailand. For those who are unaware, it is possible for American citizens to avail themselves of the Treaty of Amity in order to own their corporation in Thailand 100% notwithstanding the terms and conditions of the Foreign Business Act here in Thailand.

As I've also discussed in other videos, Amity Companies could be deemed to be domestic non-resident corporations of the United States, and there are some tremendous, if you will benefits to its posture in terms of American Law and Tax Law. I get into that in a brief that I've actually done on our main website www.legal.co.th; I will put a link in the description below regarding that brief. But I go into great detail to point out that Amity Companies are unique and they are created, you could say created and/or organized under US Law pursuant to the US Code by dint of the fact that they are Treaty certified, by dint of the fact that they are organized in such a way that notwithstanding the provisions of the Foreign Business Act, Americans can hold them 100% outright and the ratification of the Treaty in 1966 pursuant to Article 6 of the US Constitution makes the Treaty the Supreme Law of the land of the United States. So they are organized, if nothing else, under US Law from where I sit.

These benefits can accrue to a person or to their estate, and as a result, there are a number of different factors that may factor in in determining estate planning and Will drafting when it comes to those who own shares in these types of companies, because making sure that the shares fall to someone who is also covered under the Treaty is going to be a very significant thing especially from possible tax ramifications, especially in a US context because if they are inherited by somebody that cannot be certified under the Treaty, i.e. a Thai or an American, there could be fallout from that, especially from a tax perspective. 

So, when it comes to estate planning as it pertains to American Amity companies, especially Will drafting, it may not be a terrible idea to contact a legal professional, gain some insight and guidance into how best to proceed.