I’m in Phuket on a non-O retirement visa. I understand I cannot work, but is there any way I can buy a 50% ownership in an existing business? If not, is it possible for me to switch to a type of visa that will permit me to buy part ownership in an existing business? I do not intend to work at the business, just be a passive investor, but I need to be an owner or shareholder of record.
TLDR : Answer Summary
In Thailand, on a non-O retirement visa, you can invest in a business but cannot own more than 49% unless it is a BOI (Board of Investment) registered company. While you may not need a specific visa to invest (as long as you do not work in the business), the ownership limitations apply regardless of your visa type. Additionally, U.S. citizens can own 100% of a business under the Amity Treaty, provided that the business isn't a landholding entity.
NON-O RETIREMENT VISA RESOURCES / SERVICES
- Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
- For immediate assistance, contact Thai Visa Centre directly via LINE at @ThaiVisaCentre or Email them.
- Explore recent discussions by using the Non-O Retirement Visa tag in the search box at the top of the page.
- Join the Thai Visa Advice Facebook Group to ask your questions, and get advice from others.