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**uaodnabnjz** · 03-26-2006, 08:00 AM

OK, as you have had some business experience and you also have enough capital to start a company then I would suggest you go down that road rather than teaching. Like I said before, to set up a company you need to show assets of 2 million baht though you don't need to show straight away. I would suggest you do what I did and that was buy a house in the company name and then straight away you should have enough company assets. To have a company you need seven shareholders. Foreigners are not allowed more than 49% even though all the capital might be your own. I would suggest your girlfriend would be one shareholder and then find as many unrelated people as you can so that they don't gang up on you. You just don't know what the future holds. A further insurance for you is to get them to sign blank transfer forms for their shares. Then, if there is any problem you can always pass them onto to someone else. There are plenty of foreigners doing business in Chiang Mai and so I am sure you will find lawyers that speak English and can help you with your situation. I would suggest you do a trip here first to see what the competition is doing before you make any firm decisions.

If you have any specific questions then please let us know.

03-26-2006, 08:00 AM	#16
uaodnabnjz Join Date Oct 2005 Posts 464 Senior Member	OK, as you have had some business experience and you also have enough capital to start a company then I would suggest you go down that road rather than teaching. Like I said before, to set up a company you need to show assets of 2 million baht though you don't need to show straight away. I would suggest you do what I did and that was buy a house in the company name and then straight away you should have enough company assets. To have a company you need seven shareholders. Foreigners are not allowed more than 49% even though all the capital might be your own. I would suggest your girlfriend would be one shareholder and then find as many unrelated people as you can so that they don't gang up on you. You just don't know what the future holds. A further insurance for you is to get them to sign blank transfer forms for their shares. Then, if there is any problem you can always pass them onto to someone else. There are plenty of foreigners doing business in Chiang Mai and so I am sure you will find lawyers that speak English and can help you with your situation. I would suggest you do a trip here first to see what the competition is doing before you make any firm decisions. If you have any specific questions then please let us know.
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