Can a Thai citizen owning 51% of a company provide a foreign partner with a work permit in Thailand?

One important point. From my direct experience - Once the Thai Registered Company is set up, depending on valuation 2 to 4 Thai Employees are required. For the most Work Permit and the 90 Day B visa the Foreign owner must show by receipt that the Social Security payments have been made for the Thai Employees. Then when applying for a One Year Extension of the B Visa One must show S.S. Payments, Withholding Income Tax payments on the Employee and for the Foreigner Shareholder Applicant. Then add a big stack of company formation and certification documents and many others. My App Stack was at least 8 CM thick - two copies. Then after the provisional stamp (wait one month for final stamp) - an I/O comes to your place of business to inspect and check and see and take photos of the Thai Employees. Every B Visa Extension App here in the South goes to Bkk for sign off (the 30 day wait)

As far as i know, for you to be able to get a business visa and workpermit through your company, the company has to make more than 800k per year.

most make bankrupt after one year...

You can own 49% of shares in a Thai company but it wont entitle you to a work permit or visa

I guess a lot depends on how you do it/who you use. But I initially setup an LTD company for about 55k all in and it took just under 3 weeks. There were no monthly fees, though technically it should have been 1500.

I later changed it to an amity company to own 100%, get rid of any Thai partners and fake employees and buy land. That took a month and another 70k but well worth it!

Don’t you need to make a limited company with 3 share holders as well

2 mio capital / 50% paid in, 3-4 thai employees under sso - then u can get it

To actually roll out it is complicated a d expensive - several months to get done. Plus monthly expenses after it is done Got 100,000 Baht to get started?