As the title says, what is the experts' consensus here? Can a falang residing in the Kingdom on the Privileged Entry ("Elite") visa be a 49% shareholder of a Thai company?
Note: this is not a shell company to illegally "own" a house/land - I'm talking about a legit business, but one for which the falang does not do any actual work (the 51% Thai shareholders would be actual partners, not bullsh_t nominees from the lawyer).
If so, how that does jive with the "employment not allowed" aspect of the PE visa in regard to drawing profits/salary?
Can the falang register a tax ID and legitimately pay taxes without endangering his PE?
Maybe a totally stupid question, and I know I should probably first ask the Elite personnel this but frankly I haven't been super impressed with their correspondence/communication quality so I figured I'd ask here as well seeing as that a lot of you seem to be pretty knowledgeable in these matters.......any input appreciated!