Kenny202 Posted December 6, 2015 Share Posted December 6, 2015 Looking at a small business. Maybe farang orientated small restaurant or shop? I don't intend on out laying huge money so capital of a million baht and employing 3 or 4 thais (apart from.girlfriend) will be out of the question. Is there anyway I can have the business in my name to protect myself or even be permitted to work in the business under those circumstances? Link to comment Share on other sites More sharing options...
mjnaus Posted December 6, 2015 Share Posted December 6, 2015 You can't own more then %49 of the business (in most cases) and you're allowed to work in the business assuming: The job you're is not a job reserved for Thai nationals only You have registered capital of 2 mil baht (or 1 mil baht if you're married to a Thai national, in most areas). This is registered capital only and you're NOT required to have this amount in a bank account (but you're Thai partners will likely be required to show they have 25% of their share in a bank account somewhere, at least this was the case with our company) You meet the requirements for the number of Thai employees (usually 4, 2 if married to a Thai national). Depending on where you're located, the labour department might not enforce the Thai employee quota for the first year, or two, in case of a newly registered company Link to comment Share on other sites More sharing options...
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