changthenomad Posted January 14 Share Posted January 14 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 ? Link to comment Share on other sites More sharing options...
Kalorymetr Posted January 15 Share Posted January 15 Nothing. Those requirements are for issuing yourself work permit. I suggest you or your Thai partner read the law. 1 Link to comment Share on other sites More sharing options...
Skipalongcassidy Posted January 15 Share Posted January 15 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 1 Link to comment Share on other sites More sharing options...
FritsSikkink Posted January 15 Share Posted January 15 (edited) 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. Edited January 15 by FritsSikkink 1 Link to comment Share on other sites More sharing options...
Maestro Posted January 15 Share Posted January 15 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? Link to comment Share on other sites More sharing options...
khunPer Posted January 15 Share Posted January 15 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. 1 Link to comment Share on other sites More sharing options...
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