ST11 Posted December 13, 2016 Share Posted December 13, 2016 Hi, i am a director of company that is owner of land under my house. We are moving to Thailand and I'm going to apply for retirement visa. Is it legal? As I know under this visa I can not work. I don't have salary as company is for land ownership and no activity. Any suggestions or experience? thanks Link to comment Share on other sites More sharing options...
blackcab Posted December 13, 2016 Share Posted December 13, 2016 (edited) You will have no problem with your visa/extension because you are the director of a Thai company. Edited December 13, 2016 by blackcab Link to comment Share on other sites More sharing options...
ST11 Posted December 13, 2016 Author Share Posted December 13, 2016 Thank you Link to comment Share on other sites More sharing options...
ST11 Posted December 14, 2016 Author Share Posted December 14, 2016 21 hours ago, blackcab said: You will have no problem with your visa/extension because you are the director of a Thai company. I'm still not sure. So I don't need work permit to be a director of Thai company, correct? Link to comment Share on other sites More sharing options...
JB300 Posted December 14, 2016 Share Posted December 14, 2016 I'm still not sure. So I don't need work permit to be a director of Thai company, correct?I'm guessing you're a Director (in name only) of a nominee company used (as a loophole) to buy land, if so then the less you say about that probably the better (if not then I apologise).No problem getting a retirement visa as long as you meet the criteria (over 50, 800k in a bank or 65k income or combination).No need for a work permit (you won't get one anyway without a Non B Visa & employing the required number of Thais) Link to comment Share on other sites More sharing options...
taninthai Posted December 14, 2016 Share Posted December 14, 2016 23 hours ago, ST11 said: I don't have salary as company is for land ownership and no activity. This sounds like the illegal bit(loophole) ,but yes many do it. As another said less said about that the better. Link to comment Share on other sites More sharing options...
blackcab Posted December 14, 2016 Share Posted December 14, 2016 2 hours ago, ST11 said: I'm still not sure. So I don't need work permit to be a director of Thai company, correct? You need a work permit if you work in Thailand. If all you do is attend the annual meeting and sign the minutes, you don't need a work permit. If you do other work in Thailand for the company, for example you are the Managing Director, you need a work permit. You will not be asked about being a company director during your application for a visa/extension. Link to comment Share on other sites More sharing options...
ST11 Posted December 14, 2016 Author Share Posted December 14, 2016 Thanks to everybody Link to comment Share on other sites More sharing options...
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