Are work permits transferrable?

[dazdaz]

If someone setup their own business, gained the ever wonderful work permit, is that work permit tied to being director for mynewcompany, or can it be transferred/updated  so that you can work for any Thai company?

Thanks

[fester]

No Dazdaz, the work permit book is strictly personal and are valid only on the premises granted in the permit, normally in one location only.

If a foreigner resigns, his work permit must be cancelled and a new applied for.

If a work permit holder changes his occupation or the type of work in the company, it must be approved again by the Labour Department.