Complete Package for Foreigners who wants to do business and stay in Thailand

Like many other foreigners who wish to reside in Thailand, one of the most common ways as well as financially beneficial is to Start your own Company here / Relocate your Company to Thailand therefore you can run your business and at the same time use your own Thai Company to 'hire' yourself and provide yourself with a Work Permit. If you're considering this route to reside in Thailand, we've just the perfect Plan for you. Thailand has a young and vibrant economy. Over 75 million populations and has plenty of local and foreign talents and is the nucleus of SE Asia, connecting China, Vietnam, Cambodia, Laos, Myanmar and all the way south into Malaysia and Singapore.

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For a Thai Limited Company to qualify to hire a Foreigner (including yourself), the Thai Company must:

  • have 2 million Thai Baht Registered Capital
  • must hire 4 Thais and provide evidence that you've paid for the 4 Thais Social Security
  • VAT Registered
  • 51% of the Company Stock are hold by Thai Nationals

and you must hold a Non-Immigrant B Visa or a Marriage Visa to be able to apply for a Work Permit / work or do business in Thailand.

Our goal here is to assist you and guide you to fulfill the above requirements at the lowest cost possible and how to circumvent some of the criteria that may not be in your favor at the current stage.

ie: to hire 4 Thais, not having a trusted 51% Thai partner or having to invest so much money into the Company

Overview of our All Inclusive Plan

Company Setup, Work Permit, Monthly Gov't Compliance, End of year Gov't Compliance

To ensure you can renew your Non B Visa and Work Permit the following year.

  • Set Up a Thai Limited Company (2 Million Baht Capital) with the use of a Thai Nominee
  • VAT Registration
  • Necessary legal instrument to protects you as the real owner of the company
  • Issuance of Offshore Non B Visa and Initial Work Permit Application (with 3 months validity)
  • Extension of Non B Visa and Extension of Work Permit (with 1 year validity)
  • Necessary documentation to allow you open a Company Bank Account and that you're the sole Signatory
  • VAT Approved Virtual Office (1 year)
  • 4 Thai Employees-as-a-Service **explained below
  • Monthly gov't compliance services for your Company (accounting and tax reporting)
  • End of year audit and tax submission
  • On-going liaison with the relevant gov't offices

and is separated into 3 fees structure

Initial One-time Fee

115,000 Baht

  • Set Up a Thai Limited Company (2 Million Baht Capital) with the use of a Thai Nominee
  • VAT Registration
  • Necessary legal instrument to protects you as the real owner of the company
  • Issuance of Offshore Non B Visa and Initial Work Permit Application (with 3 months validity)
  • Extension of Non B Visa and Extension of Work Permit (with 1 year validity)
  • Necessary documentation to allow you open a Company Bank Account and that you're the sole Signatory
  • VAT Approved Virtual Office (1 year)
  • 4 Thai Employees-as-a-Service

Monthly Fee

6,000 Baht

  • Monthly basic accounting and bookkeeping service
  • Monthly tax preparation, reporting & submission

One-time End of Year & Compliance Fee

End of year and compliance fee to ensure your company is qualified to 'hire' you for the following year

45,000 Baht

  • End of year Financial Account Adjustment and Audit
  • End of year Tax Adjustment, Reporting and Submission
  • End of year Personal Tax Preparation

Notes

  1. Above fees exclude actual Personal & Company Tax Contribution - Actual Personal & Company Tax Fees depends on the amount of transaction you route through your company.
  2. As an expat, you are required to receive a minimum wage defined by the country you are from and your tax rate will be based on that. For most cases, you personal tax payable will be below THB4,500/month.
  3. As for the 2 Million Thai Baht Capital requirement, it is required by law to put in at least 25% of your registered capital into your Company bank account within the financial year (12 months) and for your case, that will be THB500,000. Any inbound monies received in your Company bank account can be classified for this purpose.
  4. By using our 4 Thai Employees-as-a-Service, you do not need to maintain 4 Thai employees for the entire duration and do not need to worry about hiring and letting go of them. We will take care of the necessary and pay for their SSO (minimum wage required for your case). Should you hire your own Thai employees (4 or more), you do not need this service.
  5. If you're already in Thailand on a Tourist Visa, it's possible to convert your Tourist Visa into a Non B Visa without the need of leaving Thailand for a fee.

The above is an overview of the entire process to set up, maintain a Thai Company to hire yourself / sponsor yourself a Work Permit.


Please contact us to discuss further about your requirements and our team is happy to provide you with as much information as possible to assist you to begin your awesome journey here in Thailand.

We wish you the very best and we look forward to serving you.

Feel free to contact us through these channels:

Other Business Services that we offer


Accelerator Partners

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Government & Associations

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International Hub

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Corporate Partners

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