Lukecan Posted August 25, 2015 Share Posted August 25, 2015 So I'm going to apply for the business visa, I have the necessary funds to form a company worth 2m baht. But I don't want to give any person other than myself shares. Is there a way to get around this rule? Unfortunately I'm not American, I don't have a Thai gf nor do I want one. Link to comment Share on other sites More sharing options...
Don Mega Posted August 25, 2015 Share Posted August 25, 2015 Get Thai citizenship. 1 Link to comment Share on other sites More sharing options...
Lukecan Posted August 25, 2015 Author Share Posted August 25, 2015 Get Thai citizenship. Thats even harder than finding a Thai I can trust : ( 1 Link to comment Share on other sites More sharing options...
Don Mega Posted August 25, 2015 Share Posted August 25, 2015 It would sort your issue though. Link to comment Share on other sites More sharing options...
Popular Post Berkshire Posted August 25, 2015 Popular Post Share Posted August 25, 2015 Get Thai citizenship. Thats even harder than finding a Thai I can trust : ( With that attitude, may I suggest that you're in the wrong country. 9 Link to comment Share on other sites More sharing options...
Lite Beer Posted August 25, 2015 Share Posted August 25, 2015 Moved to Visa forum Link to comment Share on other sites More sharing options...
swampdonkey Posted August 25, 2015 Share Posted August 25, 2015 Why are you applying for a business visa when you clearly do not have a clue about it. Contact a law firm and get some advice. Link to comment Share on other sites More sharing options...
NickJ Posted August 25, 2015 Share Posted August 25, 2015 Yes. Voting and non- voting shares. The power to sign checks can rest with only you as well. Just dont use your wife or gf as a. shareholder. Link to comment Share on other sites More sharing options...
Popular Post KittenKong Posted August 25, 2015 Popular Post Share Posted August 25, 2015 Get Thai citizenship. Thats even harder than finding a Thai I can trust : ( With that attitude, may I suggest that you're in the wrong country. Why? I live here and I dont trust any Thais. I dont trust any farangs here either for that matter. I dont need to earn money but I can see many splendid opportunities for starting a business here, and if I could do it on my own I might well be tempted. But go into partnership with anyone here? Not in a million years. 3 Link to comment Share on other sites More sharing options...
nowretired Posted August 25, 2015 Share Posted August 25, 2015 Get Thai citizenship. Thats even harder than finding a Thai I can trust : ( With that attitude, may I suggest that you're in the wrong country. Why? I live here and I dont trust any Thais. I dont trust any farangs here either for that matter. I dont need to earn money but I can see many splendid opportunities for starting a business here, and if I could do it on my own I might well be tempted. But go into partnership with anyone here? Not in a million years. Why live in a country where no one can be trusted ? Link to comment Share on other sites More sharing options...
coulson Posted August 25, 2015 Share Posted August 25, 2015 (edited) As the old saying goes, the only way to make a million is to start out with........ Let us know when you go public, I'm looking to get out of the US markets after yesterday so seeking viable Asian alternatives. Edited August 25, 2015 by coulson Link to comment Share on other sites More sharing options...
KittenKong Posted August 25, 2015 Share Posted August 25, 2015 Why? I live here and I dont trust any Thais. I dont trust any farangs here either for that matter. I dont need to earn money but I can see many splendid opportunities for starting a business here, and if I could do it on my own I might well be tempted. But go into partnership with anyone here? Not in a million years. Why live in a country where no one can be trusted ? What difference does it make (if you dont have to get involved in running a business)? Link to comment Share on other sites More sharing options...
Popular Post thedemon Posted August 25, 2015 Popular Post Share Posted August 25, 2015 One of TV's sadder threads. There but for the grace of God go I........ 3 Link to comment Share on other sites More sharing options...
uksomchai Posted August 25, 2015 Share Posted August 25, 2015 It looks like Lukecan't As said I couldn't live where I couldn't trust either the locals nor the expats. just who the hell do you socialise with ? The local monks 1 Link to comment Share on other sites More sharing options...
Lukecan Posted August 25, 2015 Author Share Posted August 25, 2015 It looks like Lukecan't As said I couldn't live where I couldn't trust either the locals nor the expats. just who the hell do you socialise with ? The local monks I can socialise, eat drink have sex with the locals or the farangs for that matter, but when it comes to money there is a saying, dont even trust your father. Link to comment Share on other sites More sharing options...
jspill Posted August 25, 2015 Share Posted August 25, 2015 (edited) I was under the impression there were plenty of 'dodgy' business visa providers, for the correct fee. Not that I recommend using them. Some are other expats. Often they are the same expats who say working online is illegal... funny that... 'Get legal' by handing me X amount of cash... Edited August 25, 2015 by jspill Link to comment Share on other sites More sharing options...
Maestro Posted August 25, 2015 Share Posted August 25, 2015 Removed a troll post. Link to comment Share on other sites More sharing options...
Maestro Posted August 25, 2015 Share Posted August 25, 2015 What the OP is trying to achieve cannot be done. 1 Link to comment Share on other sites More sharing options...
Popular Post Walter Travolta Posted August 25, 2015 Popular Post Share Posted August 25, 2015 In the original post, Lukecan says "Unfortunately I am not American" Why unfortunately? That is one of the last things I would want to be . . . 3 Link to comment Share on other sites More sharing options...
Maestro Posted August 25, 2015 Share Posted August 25, 2015 Because of a bilateral treaty between Thailand and the USA, a US national is allowed to own 100% of the shares of a Thai-registered company for most types of business. The OP was obviously referring to this. 2 Link to comment Share on other sites More sharing options...
MAJIC Posted August 25, 2015 Share Posted August 25, 2015 What the OP is trying to achieve cannot be done. If it could be done by smarter people,then it it would have been done years ago! Link to comment Share on other sites More sharing options...
DLock Posted August 26, 2015 Share Posted August 26, 2015 No way around it Luke. But with preferred shares, voting rights, pre-signed and non-dated share transfer forms, resignation letters, signed ID copies, you can have some level of control of your company. Of course, you may want to also have "loan" documents where the Thais have "loaned" the money from you to be valid shareholders (i.e. they bought shares), otherwise having Thai nominees is also not legal...assuming they did not contribute financially to the company. But a Thai that is bent on causing you problems can cause you a lot of problems if they know how to... No way around the 49/51... 1 Link to comment Share on other sites More sharing options...
robblok Posted August 26, 2015 Share Posted August 26, 2015 No way around it Luke. But with preferred shares, voting rights, pre-signed and non-dated share transfer forms, resignation letters, signed ID copies, you can have some level of control of your company. Of course, you may want to also have "loan" documents where the Thais have "loaned" the money from you to be valid shareholders (i.e. they bought shares), otherwise having Thai nominees is also not legal...assuming they did not contribute financially to the company. But a Thai that is bent on causing you problems can cause you a lot of problems if they know how to... No way around the 49/51... Stupid xenophobic Thai laws and they want foreign investment but refuse to give rights. They are scared for real competition based on competence. Link to comment Share on other sites More sharing options...
Don Mega Posted August 26, 2015 Share Posted August 26, 2015 No way around it Luke. But with preferred shares, voting rights, pre-signed and non-dated share transfer forms, resignation letters, signed ID copies, you can have some level of control of your company. Of course, you may want to also have "loan" documents where the Thais have "loaned" the money from you to be valid shareholders (i.e. they bought shares), otherwise having Thai nominees is also not legal...assuming they did not contribute financially to the company. But a Thai that is bent on causing you problems can cause you a lot of problems if they know how to... No way around the 49/51... Stupid xenophobic Thai laws and they want foreign investment but refuse to give rights. They are scared for real competition based on competence. I think they want foreign investment that amounts to millions/billions of dollars... not some chump with a million baht or 2 that wants to set up a hamburger stall. 2 Link to comment Share on other sites More sharing options...
Maestro Posted August 26, 2015 Share Posted August 26, 2015 Removed an off-topic post. Link to comment Share on other sites More sharing options...
anotheruser Posted August 26, 2015 Share Posted August 26, 2015 Because of a bilateral treaty between Thailand and the USA, a US national is allowed to own 100% of the shares of a Thai-registered company for most types of business. The OP was obviously referring to this. Is there anywhere I can get more details on this? Link to comment Share on other sites More sharing options...
samran Posted August 26, 2015 Share Posted August 26, 2015 Quick question. Where (geographically) do you derive your income from. Thailand or overseas clients? Link to comment Share on other sites More sharing options...
Berkshire Posted August 26, 2015 Share Posted August 26, 2015 Why? I live here and I dont trust any Thais. I dont trust any farangs here either for that matter. I dont need to earn money but I can see many splendid opportunities for starting a business here, and if I could do it on my own I might well be tempted. But go into partnership with anyone here? Not in a million years. Why live in a country where no one can be trusted ? What difference does it make (if you dont have to get involved in running a business)? You didn't answer his question. It's a good question...why live in a country where no one can be trusted? Let me take a guess. It's the only place on the planet where you can get laid. Does that about cover it? Link to comment Share on other sites More sharing options...
silverado Posted August 26, 2015 Share Posted August 26, 2015 monthly bribes ? Link to comment Share on other sites More sharing options...
moto77 Posted August 26, 2015 Share Posted August 26, 2015 Because of a bilateral treaty between Thailand and the USA, a US national is allowed to own 100% of the shares of a Thai-registered company for most types of business. The OP was obviously referring to this. Is there anywhere I can get more details on this? Google: US-Thailand Treaty of Amity 1 Link to comment Share on other sites More sharing options...
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