Thai/farang Limited Partnership

[phuketnick]

Hi all,

Just a few questions regarding setup of a Thai/Farang Limited Partnership and hope someone can clarify these points for me.....

_{Do I only need one person for a Thai / Farang Thai Limited Partnership company??}

_{If so can be just anyone or not? I have been told If I was married to a Thai I could setup such a company between us easily??}

_{I am not married to a Thai so do Farang’s who are not married normally have to setup a company with 3 nominee’s ??}

_{I am not certain about what options might be open to me.}

I've been told so many different things by different people and just want to know what the rules are...

Any help or advice much appreciated

[simon43]

A few years ago I set up a Ltd Partnership with my (then) Thai wife. 2 persons were the minimum requirement and one had to be Thai. Since we were married, in theory I could get a work permit if we had 2 Thai employees, (4 if we were not married). In practice, the Phuket Labour office refused on 2 occasions to give me a Work Permit on the grounds that a 'farang' could not obtain a WP in a Ltd Partnership entity (totally incorrect statement on their part, but they were the people who issued the WP so I was stuffed). I was told to set up a ltd company (จำกัด).

If you do set up a Ltd company, do not use nominees! You need 3 shareholders and they could be you, your wife and another person in your wife's family

Simon

[sbk]

covered here:

http://www.thaivisa.com/forum/Thai-farang-...ip-t298250.html

Please do not post the same topic across multiple forums, thanks

///CLOSED//