{"id":684,"date":"2022-03-02T16:38:19","date_gmt":"2022-03-02T09:38:19","guid":{"rendered":"https:\/\/unionspace.co.th\/doing-business-living-bangkok\/?p=684"},"modified":"2022-03-02T16:38:21","modified_gmt":"2022-03-02T09:38:21","slug":"average-cost-of-running-a-business-in-thailand","status":"publish","type":"post","link":"https:\/\/unionspace.co.th\/doing-business-living-bangkok\/average-cost-of-running-a-business-in-thailand\/","title":{"rendered":"Average cost of running a business in Thailand"},"content":{"rendered":"\n<p>So you&#8217;ve decided to start your own business in Thailand and now like a wise man used to say, before you jump into the pool, check the depth first.<\/p>\n\n\n\n<p>Cost of doing business in every countries are different and Thailand, I have to say, it is surprisingly affordable to do business here as a foreigner.<\/p>\n\n\n\n<p>Here&#8217;s the average cost of operating a business in Thailand<\/p>\n\n\n\n<p>1) <a href=\"https:\/\/unionspace.co.th\/flexioffice-vat-registration.php\">VAT Approved Virtual Office &amp; Call Answering Service<\/a> &#8211; THB50,000\/year<br>2) <a href=\"https:\/\/unionspace.co.th\/thailand-accounting-tax-bookkeeping-service.php\">Monthly Accounting &amp; Tax Reporting Service Fee<\/a> &#8211; range from THB8,000 &#8211; THB15,000\/mth<br>3) End of Year Audit \/ Annual Return &#8211; allocate THB50,000 for this<br>4) Corporate Tax &#8211; depends on your company nett profit.<br>&#8211; Net profit from 300,000 not exceeding 3 millions baht = 15%<br>&#8211; Net profit above 3 millions baht = 20%<br><br>AND not forgetting<br>&#8211; Your personal income tax and social security contribution<br>and your company SSO contributions for your employees (maximum is THB750 per person)<br>and you will need to pay the Revenue Department the VAT (7%) that you collect from your customer here after offsetting your own VAT expenses.<\/p>\n\n\n\n<p>Last but not least, as a foreigner, there is a 10% withholding tax on declared dividends.<\/p>\n\n\n\n<p>As a foreigner, you should also take into consideration the cost of having a <a href=\"https:\/\/unionspace.co.th\/thailand-workpermit-visas\/thailand-work-permit-application.php\">valid VISA here in Thailand<\/a> as well as your accommodation and monthly food &amp; entertainment cost. We know most foreigner can live a comfortable life here for about THB50,000 a month &#8211; which include a decent full facilities 1 bedroom condominium for about THB15,000\/mth and the remaining THB35,000 for your daily commuting, food and entertainment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>So you&#8217;ve decided to start your own business in Thailand and now like a wise man used to say, before you jump into the pool, check the depth first. Cost &hellip; <\/p>\n","protected":false},"author":4,"featured_media":686,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[121,122],"class_list":["post-684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-doing-business-in-thailand-foreigner-locals","tag-average-cost","tag-do-business"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/unionspace.co.th\/doing-business-living-bangkok\/wp-json\/wp\/v2\/posts\/684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/unionspace.co.th\/doing-business-living-bangkok\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/unionspace.co.th\/doing-business-living-bangkok\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/unionspace.co.th\/doing-business-living-bangkok\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/unionspace.co.th\/doing-business-living-bangkok\/wp-json\/wp\/v2\/comments?post=684"}],"version-history":[{"count":1,"href":"https:\/\/unionspace.co.th\/doing-business-living-bangkok\/wp-json\/wp\/v2\/posts\/684\/revisions"}],"predecessor-version":[{"id":687,"href":"https:\/\/unionspace.co.th\/doing-business-living-bangkok\/wp-json\/wp\/v2\/posts\/684\/revisions\/687"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/unionspace.co.th\/doing-business-living-bangkok\/wp-json\/wp\/v2\/media\/686"}],"wp:attachment":[{"href":"https:\/\/unionspace.co.th\/doing-business-living-bangkok\/wp-json\/wp\/v2\/media?parent=684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/unionspace.co.th\/doing-business-living-bangkok\/wp-json\/wp\/v2\/categories?post=684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/unionspace.co.th\/doing-business-living-bangkok\/wp-json\/wp\/v2\/tags?post=684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}