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MrWiggle

Member Since 2009-03-26
Offline Last Active 2010-08-14 19:40
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#3726129 Dormant Charities/Foundations

Posted jazzbo on 2010-07-03 09:05:07

There is this report about an international organization who considered setting up an affiliate registered in Thailand:

(quote) One organisation considering this route sought the advice of government officials and a lawyer,
and was advised that the foundation must have at least one Thai national on the board. This was
seen as a significant problem because that person would essentially become a partner in the
organisation not only in Thailand but elsewhere in the world and have a say in the future of the
foundation as a whole, even once operations had cease in Thailand.

Additionally, since the foundation would involve foreign staff on the board, the process had to be completed at the
national rather than provincial level and was expected to take up to six month and would need to
be renewed every year. Thus, the organisation was advised not to proceed with this option. (end quote)

Of course, if they had just found themselves a dormant Thai foundation all of their problems would have been solved.


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