Answered9 years ago

Can I receive share payouts as a non-working shareholder on a retirement visa in Thailand?

Retirement Visa Shareholder Rights Non-B Business Visa Income from Thailand Taxation on Payouts Visa Requirements

asked Nov 13, 2017

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I’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

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.

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Ron *******

Wouldn't that be earned income from inside Thailand?

9 years ago

David ************

Ask a real lawyer and avoid prison as much as possible.

9 years ago

Chay ******

Yes I would think so but wasn’t sure if somehow they would class it as still working

9 years ago

Walter *********

Why not ask your, lawyer?

9 years ago

Chay ******

I will do when the time is right was just hoping to hear from people in the group that had done or tried already

9 years ago

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.

9 years ago

Chay ******

Valère 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 😂

9 years ago

Valère *************************

@Chay *****

Where are you based?

9 years ago

Chay ******

Thanks, it’s just a thought right now but was sure a few in this group would have the answer

9 years ago

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.

9 years ago

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.

9 years ago

Chay ******

Yes that was my thoughts but things are never crystal clear here so wondered if somehow they would class it as working

9 years ago