@Todd ********

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.

@Todd ********

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?

@Luigi **********

no such thing as 3*30 lease, under Thai law only 30 year lease is recognized and enforcable.

@Todd ********

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.

@Tod ********

damn that's crazy! Guess they don't want you guys traveling! Ya, in that case do 30+30

Go in on a 2 month visa, or 2 + 1 month and visit VN for a month or two in between.

@Rok *******

so far VN isn't chasing after taxes, Thailand is the only one feeling special enough to try it which already has caused many people to back out from property purchases and many who will now be staying under 180 days so they don't have to deal with it. Let's see if they back out of it too or not.

VN as far as cost, Visa and dating goes. TH for infrastructure, medical, cheaper bikes and airport connections, however Visa might be an issue.

Has nothing to do with your current account balance but with money made during 2024 and applicable dual taxation rules between Thailand and country of your primary tax residence... Big question is what documents will they require to see.

Spend under 180 days in TH and the rest in VN, Cambodia or PH... Even with Elite you will fall under tax residency and given the lack of details on how this will be handled I just wouldn't bother with it...