kingstonkid Posted April 20, 2017 Share Posted April 20, 2017 What is considered in the 2 million baht is it all cash or can it be in equipment and property Ie I have all the computers and furniture purchased and have a house for the school Link to comment Share on other sites More sharing options...
glegolo Posted April 20, 2017 Share Posted April 20, 2017 What is the question related to???? What is it about?? hard to answer without knowing that.. Glegolo 1 Link to comment Share on other sites More sharing options...
kingstonkid Posted April 20, 2017 Author Share Posted April 20, 2017 sorry starting a business and getting a work permit Link to comment Share on other sites More sharing options...
overherebc Posted April 20, 2017 Share Posted April 20, 2017 (edited) 1 hour ago, kingstonkid said: sorry starting a business and getting a work permit Who will be your 51% shareholder or do you plan running the 'school' on your own? Who will be your Thai employees? Edited April 20, 2017 by overherebc Link to comment Share on other sites More sharing options...
kingstonkid Posted April 20, 2017 Author Share Posted April 20, 2017 3 hours ago, overherebc said: Who will be your 51% shareholder or do you plan running the 'school' on your own? Who will be your Thai employees? That is all looked after I am just trying to get my head around what capital is The questions you ask although well meaning are not pertinent to my question Link to comment Share on other sites More sharing options...
overherebc Posted April 20, 2017 Share Posted April 20, 2017 My understanding is that you don't really need to fully pay up the 2,000,000. Someone with more knowledge will I hope help you on this point. Link to comment Share on other sites More sharing options...
ubonjoe Posted April 20, 2017 Share Posted April 20, 2017 The page only lists the company registration for the work permit application which would need to be registered as a 2 million baht company. It does not mention you need to prove paid up registered capital. http://thailawonline.com/en/business/work-permits/thai-work-permit-application.html If you will be applying for a one year extension of stay based upon working for a company that is when the proof of paid up registered capital would likely be needed. It is my understanding it does not have to be cash on hand. It can be what the company owns. Link to comment Share on other sites More sharing options...
kingstonkid Posted April 20, 2017 Author Share Posted April 20, 2017 Thanks Joe I have done a lot of renovating and purchased new equipment One further question Can I just switch from the old guy extension to the work Link to comment Share on other sites More sharing options...
ubonjoe Posted April 21, 2017 Share Posted April 21, 2017 10 hours ago, kingstonkid said: Can I just switch from the old guy extension to the work If you mean an extension based upon retirement the answer is no. You may have to leave and re-enter the country on a tourist visa or visa exempt entry to apply for the work permit. Link to comment Share on other sites More sharing options...
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