Hello. Please help. O Visa Retirement with Investment.
All the web pages I've searched state that I cannot work on my visa but do not mention if I can make money in Thailand with investments.
My Thai friend asked me to invest in his business but I'm not sure if I am allowed to be a silent partner in a Thai business on my visa.
I won't be working in the business; just investing and taking profits. π€π€π€
I won't be using any of my 800k to invest, just extra money from my home account.
Tia. Cheers.
TLDR : Answer Summary
The post inquires about the legality of being a silent partner in a Thai business while holding a retirement visa, specifically the O Visa. Responses highlight that although working in a business is prohibited on the visa, there is ambiguity regarding investments. It is advised that any profits made from investments in Thailand might require filing Thai income tax, which could violate visa terms. While profits from foreign investments are permissible, engaging in business activities within Thailand is not advisable.
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.