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Can I receive share payouts as a non-working shareholder on a retirement visa in Thailand?
Retirement VisaShareholder RightsNon-B Business VisaIncome from ThailandTaxation on PayoutsVisa RequirementsExpat Business Operations
Nov 13, 2017
8 years ago
Chay ******
ORIGINAL POSTERI’m looking at the possibility of retiring from my own company (Thai Registered) is it possible to remain a non working shareholder and get share payouts on a retirement visa ??
Thinking ahead 🤔 would appreciate any ideas from others that have taken this step
Thinking ahead 🤔 would appreciate any ideas from others that have taken this step
TLDR : Answer Summary
The discussion revolves around the feasibility of receiving share payouts as a non-working shareholder while on a retirement visa in Thailand. Several commenters confirm that it is possible to receive share payouts without it being classified as earned income, provided the individual does not perform active work or supervision in the company. This income can also help meet the 800k requirement for the retirement visa. However, seeking legal advice or consulting with a tax accountant for proper setup and compliance is recommended.
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.
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Ron *******
Wouldn't that be earned income from inside Thailand?
David ************
Ask a real lawyer and avoid prison as much as possible.
Chay ******
ORIGINAL POSTERYes I would think so but wasn’t sure if somehow they would class it as still working
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Chay ******
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Walter *********
Why not ask your, lawyer?
Chay ******
ORIGINAL POSTERI will do when the time is right was just hoping to hear from people in the group that had done or tried already
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Chay ******
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Valère *************************
Sure you can. And this will be also legal income to support your 800k requirement for your retirement Visa. There's a little twist in the formulation and taxation of your payouts. You should talk to the Samakon office or a decent accountant on how to set this up legally just.
Chay ******
ORIGINAL POSTERValère Jesse Geurts Khaikaew I’m based in Krabi, I’m sure my accountant can handle it when the time is right but always good to get a few opinions as we all know there are many answers to the same question here in the LOS 😂
Valère *************************
@Chay *****
Where are you based?Chay ******
ORIGINAL POSTERThanks, it’s just a thought right now but was sure a few in this group would have the answer
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Chay ******
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Sean ********
Why wouldn't you be allowed to receive share payouts? No different to getting them from any other investment in a company.
I may do this with my company in a few years as a retirement visa seems much easier than a non b and work permit hassles.
I may do this with my company in a few years as a retirement visa seems much easier than a non b and work permit hassles.
Sean ********
Honestly, given how many people do work here when they shouldn't, compared to how many people get caught, I wouldn't worry about it.
I'm going to assume your company is a real business making real money (not just something to get you a visa). Some people will say you need a WP to sign company documents, but if that were the case we'd all need WPs to sign any contract (condo, internet, etc). So long as you are no longer spending your time in the office, factory or whatever ordering people around it should all be fine.
Of course getting legal advice is always advisable.
I'm going to assume your company is a real business making real money (not just something to get you a visa). Some people will say you need a WP to sign company documents, but if that were the case we'd all need WPs to sign any contract (condo, internet, etc). So long as you are no longer spending your time in the office, factory or whatever ordering people around it should all be fine.
Of course getting legal advice is always advisable.
Chay ******
ORIGINAL POSTERYes that was my thoughts but things are never crystal clear here so wondered if somehow they would class it as working
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Chay ******
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Joe ***********
I believe you can as long as you do not perform work or supervision
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Joe ***********
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