Does the US-Thai treaty of amity affect company registration in Thailand?
Properly registering your business in Thailand is extremely important and it can do wonders. But does the treaty of amity between the US and Thailand come with any type of challenges in regards to this? Yes, there are some things that you have to think about, and that’s maybe the thing that makes this special to begin with.
The law doesn’t really criminalize the nominee shareholders based on this treaty. Even if there may feel like some issues, the US nationals can easily be a nominee for a person that’s outside the US and wants to do company registration in Thailand. The DBD requirements can make it difficult for the US person to act as a nominee, and that’s exactly what you need to think about at this particular time.
The non US nationals are allowed to invest less than 50% in a business. But the non US nationals aren’t allowed to serve on the board of directors either, which can end up being quite the problem in some situations. But there are some things that may be able to make the process easier for you. The idea here is that the third party nationals are easily allowed to serve on the board of directors as long as there are more Thai or US nationals on the board. And they can’t sign on their own, they need to co-sign.
According to the DBD, only the legal entities that are registered in the US and which have a majority of American ownership will be able to receive protection under this treaty of amity. But what you need to realize here is that the company registration in Thailand does get a bit complicated if you put the treaty of amity into the mix.
That’s why it can be a very good idea to work with a dedicated professional that will be able to help you get all the results you need in no time. The best part about company registration in Thailand in this regard is that you can still hire a dedicated professional that will help make the process simpler and easier to tackle this way.
However, managing everything adequately is the type of thing that really matters the most in this regard. You just need to know how to manage everything correctly and the results will be very special due to that reason alone. That’s the reason why you may want to work with a team of experts in this field. It may take a little while for you to receive the help you need, so you should totally use that to your advantage.
In the end, the treaty of amity can bring in front some unique challenges, but it also offers some amazing opportunities. You just have to know how to tackle all these potential benefits and challenges in meaningful ways. Try to adapt to the situation and you will have no problem enjoying the overall results and the experience as a whole!
For more information, please visit Tilalegal.com