1) Neither party wants to keep it. However, under Thai law, they both have continuing obligations eg: paying fees or face criminal or civil/corporate liability.

Note: OP's question is for a recomentation to exit not continue by paying fees indefintiely - so your comment is irrelevant.

2) In contrast, previously I have provided options to exit; which, you have failed to do!

3) Again, under the laws of Thailand, there is no process of 'dissolution' (ie like in England & Wales via Companies House). Instead, the process requires "De-Registration" at the Thai Court.

We have assisted many clients with the process, and - unlike your comment - it can be both time consuming and expensive; particularly if 1 of the shareholders does not actively cooperate.

@Paul ******

They are both shareholders in the Thai LLC. Therefore, until 1 or both of them are able to exit, they are stuck together - whether they like it or not.

If the Thai shareholder "walks-away" then s/he could face civil/corporate and/or criminal liability within Thailand.

The foreign shareholder could "walk-away" but, unless they exit the Kingdom and neither return or has any property/assets in the jurisdiction, could face similar consequences as the Thai shareholder.

Unfortunately, in this case, you do not have a practical solution.

If the companies remains registered, it shall incur annual accounting & regulatory fees.

You can try to sell it to a third-party for "basic" value to get-it-off-your-hands. However, presumably, the prospective seller shall conduct due diligence checks.

Otherwise, you shall require a Thai lawyer to institute De-Registration proceedings to close the company.

You could walk away and leave the liabilities for the main Thai shareholder. This may end your friendship; and, if you are in the Thai-jurisdiction, you could be involved in future corporate (and/or criminal for non-compliance with Thai DBD regulations) legal proceedings.

Money

Agreed - tell him to contact the relevant Embassy (and website) for information.

Yes - you can extend your visa.

Yes: the Immigration officials are pedantic

Failure to provide can result in delay or, subject to their discretion, rejection.

Yes - you (or the agent) must take a ticket and join the queue until it is your time to be processed.

Usually people arrive from 06:00 AM

Due to the current Thai law regarding the non-recognition of same-gender marriages/civil partnerships, it is my understanding that you do not classify as a spouse or dependent.

Therefore, separate requriements for visas

Anglo-Thai Legal Co., Ltd

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