Doing Business in Thailand – the “Amity Company”‐ a Thai Company without Thais

September 3, 2024

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Ex. What happens if an estate agent in Thailand lies, double deals, cheats or misrepresents…? “Can you count on and trust every single estate agent in Thailand?”

The Foreign Business Act (1999) of Thailand (the “Act“) generally restricts foreigners from engaging in most business activities in Thailand, without special permission as provided by the Act. Serious violations of the Act by a foreigner or facilitated by a Thai carry significant criminal penalties.

Other Publications

Your off‐shore entity’s rental income tax

The use of off‐shore entities, such as a company incorporated in the British Virgin Islands (“BVI”) to own real estate is not uncommon in...

A Thai government official’s opinion about the law does NOT mean that it is legally correct

In Thailand government officials are generally considered much more authoritative than in western countries. Thai culture also considers non‐conflict to be a virtue of...

Doing Business in Thailand – the “Amity Company”‐ a Thai Company without Thais

.

Ex. What happens if an estate agent in Thailand lies, double deals, cheats or misrepresents…? “Can you count on and trust every single estate agent in Thailand?”

Other Publications

Your off‐shore entity’s rental income tax

A Thai government official’s opinion about the law does NOT mean that it is legally correct

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