As a consultant and “cultural ambassador”, Sanet helps a German machine builder with its Joint Venture in Thailand.
The German machine manufacturer held 75% of a sales and service Joint Venture in Thailand. A Thai partner owned 25% of the shares and managed the business single-handedly and largely without any direct intervention by the German majority partner. Little attention was paid to the Thai subsidiary.
The earnings were okay, but the sales figures were not impressive enough to make the Thai company the focus of the group management. After the company was established in Thailand, the German Controller came once a year for the annual accounts and soon returned home without any major problems. Market shares, market policy and the local company management were largely unaware of the situation at headquarters.
The surprise came as soon as the Thai partner wanted to introduce a successor.
Many people dream of moving to Thailand once they retire. There are a few things to take care of before that can be done, applying for a Retirement Visa being one of the most important ones. Getting a retirement Visa in Thailand is fairly easy once all the correct documents have been submitted to the competent Embassy. However, there are a few requirements that could cause problems for some applicants.
Mostly the applicants face difficulties with the financial requirements of the retirement Visas, as well as the health insurance requirements. The financial aspects of the Visas aside, there are some alluring sides to holding a retirement Visa in Thailand, multiple-entry travel and Visa extensions only once a year to name a few.
Sanet Legal explains the benefits of the Elite Visa for long-term residence in Thailand and provides legal advice on visas and work permits in Thailand.