The terminology used is 'share holder' / shares. Starting with the fact that most Thai Registered Companies (Co.,LTD.) have one - usually two Thai partners who are designated in the Company Certificate as owning 51% of the shares. That leaves 49% to divide up. Plus it most often means 2 to 4 additional Thai employees for every additional foreign share holder. This may not apply to BOI companies.

Go to the U.S. Embassy on Wireless Rd.

Always double check the Rate of Exchange - you declare in U.S. Dollars not in Baht but must meet or exceed 65,000 each month

You go to the U.S. Embassy Website - find Consular Service - download the Income Affidavit Form. Go to another area a click away and make an appointment - read the rules. No Proof - just your passport and the form stating X Dollars each month. Raise right hand and swear pay $50.00 in USD or Baht

Income Certificate / Embassy Income Letter / Embassy Income Affadavit = 65,000 per month obatined at the U.S.Embassy in Bkk.

No need to have a Thai bank account. Just swear by signing a document which is notarized at the Embassy Notary Section. You swear - no proof - needed that you have income in USD from the U.S. monthly that meets the equivalent upon exchange of 65,000 baht

@Robert ******

- I let you fishish it😁

You just have to be age 50 or over

The Visa you need is a Non Immigrant Visa 90 days. After getting that you apply for a One Year Extension of Stay.

It is not critical

For employees getting an alternate 12 month multi-entry B Visa in Penang instead of the one year extension of stay at immigration is no longer possible. The 20% share factor I read about is rare - if ever.