new123321

Firstly not sure if this is the right section?

I've been reading and reading but not seen anything that fits my position.

Me and my Thai GF opened a company about 7 years ago with a few purposes, she owns 51%, me 48% and a family member of mine owns 1%. When this company was created we DID NOT show 2 million baht capital and simply paid the capitalisation fee, I have a work permit and have had for 7 years, always paid tax etc and got yearly extension based on support of my Thai son for 7 years. The company is genuine paying salaries and turning over funds.

I am not the director, my Thai GF is if this make any differences.

Over the past 2 years out company has saved about 900k baht (and paid taxes on profits last year) which is enough to buy a small townhouse  that I have seen including the land.

Now from my understanding this is not an issue, the company would buy out of profits however would my Thai GF be considered a nominee as she did not pay up the 51% of shares of the original 2 million? That being said I did not 'invest' anything either.

I always considered a nominee to be someone paid to act as a shareholder but now I am not sure?

I would admit in private to 'controlling the company' in terms of financial decisions etc and my Thai GF signs at the bank without question.

Aside from this I would like to make an investment in the company to purchase land for a new building to be used as the office location, about 1.2 million. This investment would come directly from me - would this be OK?

I don't want to get tripped up in years to come based on a misunderstanding of the rules thinking everything I was doing was fully above board.

I always though one could in theory buy up the 49% of a land holding public company and purchase another 2% through Thai NVDR and effectively control the company and its assets - this could then mean different rules for some than for others?

Am I OK in what I'm doing/planning or not????

Thanks Ubonjoe, going for extension based on marriage.

My WP expires on July 20th and I'm going on June 9th to extend my visa (earliest day I can).

I've never had an extension before, will I get my PP back while under the 30 day consideration and can I renew my WP in that time?

Thanks

Been searching through this post for ages and looking for confirmation. If unmarried with a Thai child can I skip PR and apply for citizenship?, have just done my 3rd year tax return and have extension based on my child for 4 years.

Thanks

Searched the forum and can only find a topic from November so want to confirm that things have not changed since last year for a NON O multiple entry based on marriage?

No financial proof required?

Also documents still the same?

Thanks