I included Canada as that's where I grew up. Sadly the place changed into a complete shit hole and there isn't enough of money on this planet to make me move back. Tons of people I know have left just like me and many more are in process of doing so. Tbh I think Canada might be even worse than the US now lol
A fiduciary duty is a legal obligation to act in the best interest of another person or entity. The person with the duty is called the fiduciary, and the person to whom the duty is owed is called the principal or the beneficiary. Fiduciary duties include duty of care, loyalty, good faith, confidentiality, prudence, and disclosure. This means they SHOULD tell you that company setup to circumvent ownership laws is illegal.
please give me contact info of a lawyer that tells you such setup is legal in TH? I had a meeting with couple of reputable law firms in Thailand and both said the same thing, that while such setups are possible and done by many they are still technically illegal and that is the end of story... As to the boys, you didn't hear of the recent investigation into such setups in Phuket?
almost any lawyer will take one's money to setup a BS company and file taxes due and say all will be fine. However when the boys knock on your door you better make sure you can prove that the company is actually operating and wasn't setup just to circumvent the ownership regulations. Ask any lawyer to give you personally guarantee that nothing wrong will go with such setup and see what they say. Yes, tons of people have no issue with such setup, same goes with the drivers speeding and not getting caught, all is fine till one day it isn't.