sunluvr

Any suggestions what would be the most economical way to get from HKG to BKK - flying on either Dec 28 or 29?

Is there any difference in a way a thai company is taxed depending on whether it is totally thai owned or partially owned by a foreigner?

A Managing Director requires a work permit and a non-Imm-B visa.

A company that has a foreign employee needs to have minimum 2,000,000 baht capital. You don't need to have all in assets or cash. As far as I remember, you need to pay in 25% of it within 3 months and anyway your "know-how" can be regarded as an equivalent asset. Practically this capitalization is not a problem.

This is the first I have heard of this... just how would the value of "know-how" be established or evaluated? Can I just assume that I'd only ever need to have actual cash/assets amounting to 500,000 baht?

They might then use a lawyer to change the by-laws of the company and make some agreements with the other shareholders to effectively control 100% of the shares.

I have read elsewhere this is commonly done and that is what I would intend on doing as well.

I've used my original thread which I started a month or so ago, to include some of my background information. I've been doing further research since then on my situation.

As an update, I'm hoping to spend several months a year in Thailand eventually, not necessarily all at one time but more likely on a month here and a month there basis. I have a trusted thai friend (TTF) there that I am planning on working together with, my idea at the moment is something like this. I would essentially buy an existing business - although from what I have read in other threads, it appears advisable to create my own thai company and acquire any assets of the business I am buying into that new company. The type of business that I am considering (which incidentally is not likely to be a bar/restaurant) could possibly have a couple of existing employees and my TTF would essentially run the day to day operations of the business and work there himself also. I would manage the overall business and look at ways of developing and expanding it and also possibly get into one or more other businesses down the road as well. One example of a business that interests us at the moment is in the 300,000 BHT range. I know I could qualify to live in Thailand when I choose on a retirement visa, as I meet the age and pension requirements, but I've decided I would rather be involved in some type of busines activity there, as well as being able to help out my friend there, realizing there will be some substantial investment required on my part. I will not be expecting any return on my investment in the short term, that I would only expect down the road, if the business(es) could be further developed and expanded.

It is unlikely I would actually ever work at one or any of the businesses, but more act as a managing director of a company that may be involved with several businesses.

What I would like to know is if my idea is feasible, and the best way to go about accomplishing it. Of particular interest is for the example of business that I used above, what total financial requirements would be necessary - for example - if 1,000,000 or 2,000,000 BHT is required, does that mean I have to have that amount in cash or assets physically existing in Thailand?

(1) If I apply for a retirement visa, do I understand correctly that is something that needs to be renewed annually but during each year, I would be free to come and go as I please, providing I get a multi-entry visa?

(2) I also understand that the retirement visa does NOT allow one to work at all - does this include owning or being partnered with a Thai in any kind of business whatsoever?

(3) If I want to open a new business or purchase an existing one in partnership with a Thai (one of the non-shark variety, of course), is there any way for that to be done maintaining 51% ownership.

(4) With the necessary visa and work permit needed for (3) above, would it still allow me to come and go from the country as I chose or would there be any restrictions that way?

(5) Is the minimum investment in a business 2 Million baht?

Given your sceanrio there are a number of options open to you.

1.  Come here and get a retirement visa, which will allow you to stay year by year.  You can always travel overseas when you want to.

2. Come here an open a business. You will need a Non Imm B visa and a work permit.  Can be a lot of hassle.

3. Run your business at home and spend time here when you want.

A tourist visa allows you a 60 day stay.

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Given your sceanrio there are a number of options open to you.

1.  Come here and get a retirement visa, which will allow you to stay year by year.  You can always travel overseas when you want to.

2. Come here an open a business. You will need a Non Imm B visa and a work permit.  Can be a lot of hassle.

3. Run your business at home and spend time here when you want.

A tourist visa allows you a 60 day stay.

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I'm a 53 year old Canadian who is looking in to the possibility of living in Thailand, more particularly in Koh Samui, part time, and eventually owning or being a partner in some kind of business establishment there. I am a retired governement pensioner who now runs my own business here in Canada, which I will continue to run but in a less active role, and want to spend lenghty periods of a month or more at a time in Thailand. Wondering what things I need to consider and whats the best approach to making my dream come true.