Remittance of minimum capital – Treaty of Amity
According to Ministerial Regulation (No.3), 2552 B.E. (2009), a foreigner conducting business in Thailand by virtue of a bilateral treaty or agreement to which Thailand becomes a party, i.e. The Treaty of Amity and Economic Relations Between the Kingdom of Thailand and the United States of America, must bring or remit a required minimum capital into Thailand within the period prescribed.
Keywords: Mazars, Thailand, Legal,Treaty of Amity, Economic Relations
30 July 2019
A. Conducting a business in Thailand before 30 August 2009
Entity | Minimum capital | Remittance period |
Foreign entity conducting a non-restricted business under the FBA i.e. Foreign branch office | Not less than Baht 2,000,000
| No later than 30 August 2019
|
Thai entity with 50% or more foreign shareholding conducting non-restricted business under the FBA i.e. Thai limited company | Not less than Baht 2,000,000
| |
Foreign entities conducting a restricted business under the FBA i.e. Foreign branch office | Not less than Baht 3,000,000
| |
Thai legal entity with 50% foreign shareholding or more conducting a restricted business under the FBA i.e. Thai limited company | Not less than Baht 3,000,000
|
On 28 May 2019, the Cabinet approved in principal the proposal of the Ministry of Commerce, to further extend the period for bringing or remitting the minimum capital for another 10 years effective 30 August 2019.
B. Conducting a business in Thailand from 30 August 2009
Entity | Minimum capital | Remittance period |
Foreign entity conducting a non-restricted business under the FBA i.e. Foreign branch office | Not less than Baht 2,000,000
| No later than 30 August 2024
|
Thai entity with 50% or more foreign shareholding conducting non-restricted business under the FBA i.e. Thai limited company | Not less than Baht 2,000,000
| |
Foreign entities conducting a restricted business under the FBA i.e. Foreign branch office | Not less than Baht 3,000,000
| |
Thai legal entity with 50% foreign shareholding or more conducting a restricted business under the FBA i.e. Thai limited company | Not less than Baht 3,000,000
|
For more information, please visit the Department of Business Development website and the Thai Government website.
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