200k won't get you much investment % or it'll be a failing business and you'll need extra money to pay the losses going forward...not to mention lawyer fees as you'll need to arrange shareholders transfer (I've recently been quoted 20k just for that task).
For a WP you'd need to meet certain criteria such as number of Thais also employed by said hostel and minimum wages per month.
I had similar and they insisted I got a new passport. They wouldn't budge. Although my extension of stay stamp was smudged you could still see the expiry date.....nope, they still wouldn't budge.
no bud, I got my extension of stay on June 11th, I done a 90 day report that same day and the receipt they gave me said report again September 10th, I sent all the paperwork August 26th and then received this receipt 3 days ago with a blank TM47 form back....but the date is asking for another 90 day report 30 days later. Cest la vie 😁
I collected my extension of stay June 11th and done my 90 day report that day in person, they gave me a new form saying next extension of stay required by Sept 10th, so I did that by post. They sent me back the receipt and a blank TM47 form.