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Friday, July, 30, 2010 
Treaty
of Amity Between Thailand and the USA
In 1998 I qualified under the Treaty of Amity to do business
in Thailand. I am authorized by the Dept. of Commercial Registration
(now called Dept. of Business Development) to do almost any
business a Thai citizen can do with very few exceptions. If
you are an American business person I strongly urge you to see
if you qulaify and if so, take full advantage of its many benefits.
Contact me Drew Noyes, Managing Director of PAPPA Co., Ltd.
if you have any questions. drewnoyes@gmail.com. See the attachment
below for the Treaty benefits.
How do I register for the Treaty of Amity
Benefits as an Amercian Company?
The Treaty of Amity and Economic Relations between the United
States of America and the Kingdom of Thailand. The Treaty of
Amity was signed on May 29, 1966 and secured two major trade
advantages for the U.S.
| 1. |
The Treaty permits American companies
to maintain a majority shareholding or to wholly own its
company, branch office or representative office located
in Thailand. |
| 2. |
American companies receive national
treatment, meaning U.S. firms may engage in business on
the same basis as Thai companies, and are exempt from
most of the restrictions on foreign investment imposed
by the Alien Business Law of 1972. |
Existing restrictions on American investment:
| 1. |
Owning land; |
| 2. |
Engaging in the business of inland
communication; |
| 3. |
Engaging in inland transportation and
communication industries; |
| 4. |
Engaging in fiduciary functions; |
| 5. |
Engaging in banking involving depository
functions; |
| 6. |
Engaging in domestic trade in indigenous
agricultural products; |
| 7. |
Exploiting land or other natural resources; |
Some U.S. businesses continue to pursue joint ventures with
Thai partners and permit them to have a majority stake because
of their familiarity with the Thai economy and local regulations.
Application Process
| 1. |
Register your business at the Ministry
of Commerce |
| 2. |
Obtain a "Certification document"
at the U.S. Commercial Service, Bangkok |
| 3. |
Submit "Certification document"
and all required
documents to the Ministry of Commerce |
Note: Process takes about five weeks to
complete
Contact Information
U.S. Commercial Service American Embassy
GPF Witthayu Tower A,
3rd Floor, Suite 302
93/1 Wireless Road
Bangkok 10330
Thailand
Tel: (662) 205-5090
Fax: (662) 255-2915
Email: bangkok.office.box@N0SPAM.mail.doc.gov
Department of Business Development
Ministry of Commerce
44/100 Moo 1,
Nonthaburi 1 Rd (Sanam Binnam),
Bangkrasor, Muang
Nonthaburi 11000
Thailand
Tel: (662) 547-4458-9, 547-4462-4
Fax: (662) 547-4459, 547-4463
www.thairegistration.com
Attachments : TreatyofAmity.pdf
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