@Russell ******

well, that is the purpose. Picture this: the 2 or more who, on paper "own" the 51%, want to sell the buss that you have funded 100%. Since you are a minority holder, they leave you holding the bag. This is, of course, if they can get together and talk about it. Mostly this "business" is setup as an offshore company so it could buy land normally forbidden to foreign nationals. You would then control it, not them. An old trick by now and even the government, on occassion, threatens to stop this practice. Chinese, Indians, Europeans, and others, have lots of investments here using business companies as front. Clever.

@Ludwig **********

that's what I thought but have never met such. Owning is not working. I have read that about 20+ years ago the police showed up at a bar and arrested (then deported) a foreigner bar owner for "working" at the bar he owned. Their argument was that he was there talking to customers and in their view, that was "work".

@Russell ******

some guy mentioned when he wants something done, he pays his maid to sign docs as she is one of the "partners". The other signatory is another aquaintance and these two do not know each other. They draw no salary nor collect profits, only sign docs. The full value of the investment comes from the guy who "owns" 49%. The other partners invest nothing. Only sign for a small fee.

A person on a retirement based visa (or extension) is not allowed to work. Other commenters may advise on the ownership part. Have heard it is better to not have a single partner who owns 51% because then he/she has full control, but that it is better to have at least 2 partners who do not know each other to avoid them from ganging up on you and taking over. Majority is majority.

Look at this pic...

@Kevin **********

sorry, not sure how to name this... "sliding gates"? Whatever, don't put your toes near the rollers!

@Kevin *********

am only glad the locals forgave me for all my transgressions so far, but am well aware my good luck can run out, so I always look and think before I open my mouth (how would *they* proceed if they were in my place"). That's the reason for the old adage, "when in Rome, do as the Romans do" 😀

@Joe **********

I remember one who said "why you forget me?"... 🤣🤣🤣

@Billy ******

actually, her family will become your family, and the great expectation is that you will be the provider for them all. After all, all farangs are rich, even if they are not.

@Billy ******

I forgot to mention the lady co-worker who suffered scrapes on both legs after falling through a rain drainage hole (the metal screen was oxidized and weakened). Danger is just around the corner. We are not in Kansas anymore. 🤣