JAZZDOG

1 minute ago, Master Jairam said:

Knowing them are Thais capable of cheating u out of your money? If u can risk ur money in business u should take a chance with people as well in places like thailand. If u r highly suspicious of them why do biz around them. Even with the best provisions in the law u could still be parted from ur money by the judicial system. 

Look here, been in many businesses and your slant is beyond lame. If you are not suspicious and take the best provisions to insure the investment you have never been in business. I am sure your shareholders would be thrilled with your business model

2 minutes ago, Master Jairam said:

Just get along, what else. Work and hav fun as much as fir as long as u can.

Deal is I don't want to work, manage, nothing remotely associated with work, don't need to. Just want to insure the initial investment is under my control as far as selling or encumbering. It is done all over the world in such cases. In Costa Rica we would write into the corporate books that the day to day signing of docs can be done by the manager but any docs pertaining to sale or mortgage must have only my signature, Now can this be done here, don't know why not. It just seems like this must have come up on tens of thousands of occasions since farang can only have 49% share but likely put up 100% of investment funds. yet most attorneys when ask have this deer in the headlights look

2 hours ago, ubonjoe said:

They have clarified that attending a board of directors meeting does not require a work permit.

I HAVE HEARD THIS BEFORE

Just now, Master Jairam said:

What do do then?

????????????

2 hours ago, Master Jairam said:

Lets say i put my query to a lawyer and he says no problem go ahead. Can i depend on his statement?

 

Or my better quedtion is this: Is it possible to walk in to the labour office and ask my query on work permit the need for it and otherwise?

 

PS: and of course report back for everybody's knowledge here. 

5 LAWYERS >5 DIFFERENT ANSWERS

5 LABOR OFFICE OFFICIALS<5 DIFFERENT ANSWERS

8 minutes ago, ubonjoe said:

I agree with that one.

Signing certain documents does require a work permit and in some cases they could be considered as invalid if you don't have a work permit.

It seems you are working as a managing director which does require a work permit.

Actually the only powers I want is that my signature is the one required to sell or encumber the business. Not overly concerned about day to day and honestly want no part in management. Must be a way to rich that goal?

5 minutes ago, ubonjoe said:

I agree with that one.

Signing certain documents does require a work permit and in some cases they could be considered as invalid if you don't have a work permit.

It seems you are working as a managing director which does require a work permit.

there has to be one or more ways for farang to maintain powers without having to do the work permit?

On ‎11‎/‎1‎/‎2018 at 5:20 PM, elviajero said:

You could become a Director (non executive) that would qualify you to get a Non-immigrant ‘B’ visa. You can be a Director without a work permit as long as you’re not involved in the day to day running.

 

Being an investor is not a job (work) and doesn’t qualify for getting a work permit.

Went to two attorneys, two exactly different answers. I was set up 49%/director and designated as the sole person to sign for the company for obvious reasons. Don't work, don't want WP. One attorney said like you, no problem. Other attorney said huge problem, either have WP or lose control/powers. Which is it?

Just read on the immigration site that those using a retirement visa can receive no income from Thailand related activity?

We can only own companies that LOSE money? How can that be?

Somewhat related, just bought a company that holds leases, licences for guesthouse/cafe. Thai has 51%, I have 49% plus sole powers to sign for the company. Company has two work permits. I am debating to stick with my retirement visa or go with the W visa. I most diffenately need to be able to sign off should I sell the company at some point but I was told using the work permit would be somewhat costly in taxes per month if indeed I didnt intend to work, which I would rather not. My attorney did not mention today anything about not being able to sign for the company should I not have/use one of the work permits. Seems indeed a catch22?