I'm an American. My friend told me I could own a restaurant 100% without needing a Thai partner. Is this possible?

Hello MPC,

There is a way for Americans to own a business outright through the Treaty of Amity as long as the majority shareholder and the Managing Director are American passport holders. There are only a few differences between a Thai Co. Ltd. and a Treaty of Amity Co. and once the company is structured this is by far the safest way for an American to insure his or her investment in Thailand. The major differneces between the two types of company setups are that a Treaty of Amity Co. is required to register 3 million THB of registered capital per company objective and once the company has been set up company objectives can not be added so a company set up to be a restaurant can not later be modified to participate in Import/Export for example.