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BANGKOK 18 February 2019 13:59
Nigel71

New company requirements and visas

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Hi All,

Recently traveled to Thailand and fell in love with the place the culture and the people. I'm a property developer here in the UK and whilst in Thailand In could see some opportunity to set up a company and build in Thailand. But I know nothing of the legal requirement to set up a company, working visa, building regulation, etc. Are there any links to sites that can give me all / part of the information I need. I'm sure all the information is here on the forum but I don't have the time to go through all the post.

 

Thanks in advance

 

Nigel 

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Don't do it! At least not until you've spent more time in the country, and reality has set in.

 

If you want to set up a company it will need to be 51% Thai owned. Partnering with a trusted, and ideally connected, Thai will be the biggest hurdle. You will need to be employed by your/a business to get a work permit, and the work you can do will be limited. You wont be able to own land yourself, even a share of it. You could only own the land through the company.

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44 minutes ago, Nigel71 said:

I'm a property developer here in the UK and whilst in Thailand In could see some opportunity to set up a company and build in Thailand.

Lambs to the slaughter.

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On 12/17/2018 at 4:36 PM, KittenKong said:

Lambs to the slaughter.

Thanks for the constructive comment. 

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On 12/17/2018 at 4:15 PM, elviajero said:

Don't do it! At least not until you've spent more time in the country, and reality has set in.

 

If you want to set up a company it will need to be 51% Thai owned. Partnering with a trusted, and ideally connected, Thai will be the biggest hurdle. You will need to be employed by your/a business to get a work permit, and the work you can do will be limited. You wont be able to own land yourself, even a share of it. You could only own the land through the company.

Thanks Elviajero, i will take your comments on board, I do have a couple of connection in Thailand so will start with these and see where it leads. At the end of the day it all comes down to how much risk i'm willing to take and accepting that I could lose everything i invest. 

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22 minutes ago, Nigel71 said:

Thanks for the constructive comment. 

You're welcome. I hope for your sake that you take it on board.

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On 12/17/2018 at 11:15 PM, elviajero said:

Don't do it! At least not until you've spent more time in the country, and reality has set in.

 

If you want to set up a company it will need to be 51% Thai owned. Partnering with a trusted, and ideally connected, Thai will be the biggest hurdle. You will need to be employed by your/a business to get a work permit, and the work you can do will be limited. You wont be able to own land yourself, even a share of it. You could only own the land through the company.

 

While you can only own 49% of the company, you can still control it via prefered shares (voting rights).

 

 

OP, there are reputable english speaking lawyers that have offices in the UK and in Thailand, talk to them instead.

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