ED Visa + Owning a Thai Company

[changthenomad]

Hello , I have a full time ED visa for a private business university, 

I would like to form a company in Thai , with a Thai partner (51%), what would happen for director duties undertaken by me , without the 4 employees just yet + 2 mill paid up capital ? 

[Kalorymetr]

Nothing. Those requirements are for issuing yourself work permit. I suggest you or your Thai partner read the law.

[Skipalongcassidy]

18 hours ago, changthenomad said:

Hello , I have a full time ED visa for a private business university, 

I would like to form a company in Thai , with a Thai partner (51%), what would happen for director duties undertaken by me , without the 4 employees just yet + 2 mill paid up capital ? 

Get the correct visa and no problem... working while on ED visa is very restrictive... usually related to only what subject that you are studying

[FritsSikkink]

If you work in your company, you need a work permit and a different visa. You won't get the work permit when you don't have the 4 Thai employees.

[Maestro]

20 hours ago, changthenomad said:

...what would happen for director duties undertaken by me...

 

How are these director duties and the compensation for them defined?

[khunPer]

On 1/14/2024 at 7:17 AM, changthenomad said:

Hello , I have a full time ED visa for a private business university, 

I would like to form a company in Thai , with a Thai partner (51%), what would happen for director duties undertaken by me , without the 4 employees just yet + 2 mill paid up capital ? 

You can perform high level director duties; i.e. attend board meetings and sign documents and annual statement, but you cannot do any physical work.