Work, Business Legally With Wife 2

[noni99]

I tried to reply to an answer from sunbelt on a topic with the same title, but it is not possible. So I start a new topic.

Question from garrya:

'Is there any possibility to get involved in working activities as partner or director or manager in a company owned by wife related to the so-called prohibited occupations to foreigners?]

Sunbelt answered:

'You can be all three, partner, director or manager, and it will be legal in any occupation, either prohibited or not.'

My question :

What are the minimum requirements regarding the company of the thai-wife in order for a farang to act as a partner, director or manager? Does it has to be a company-limited (with all the restrictions for a farang) or is it enough to open a limited partnership?

Thanks in advance for the answer.

[Sunbelt Asia]

Most Work Permit offices require a Limited Company to issue a work permit. The company can have a capitalization of 1 million Baht when the person applying for the permit has a Thai spouse, and 4 Thai employees that have social security being paid (often the office will allow 2 the first year but 4 employees will be required the second year).

For protection of your rights as a minor shareholder, we recommend a limited company. You can have diffrent class of shares giving you more protection then a limited partnership.

In general, Work Permit offices will not issue work permits to partnerships or sole proprietorships, so its best to check with your local office before starting to form a company

[sunbelt][/sunbelt]