The 5 must-have to start your own business in Thailand
1
A Business Address
We don't mean any address but a commercial space that explicitly allows you to do business in it and you're able to obtain the land owner written approval.
2
Incorporate your Company
There are several company structures available in Thailand. Each has it benefits as well as it's limitation. An experience Company Formation Specialist will be able to advise you.
3
Permission to work in Thailand (Work Permit)
Don't be caught for working or doing business in Thailand without the appropriate Visa and Work Permit. Your business will be siezed and you'll be penalized.
4
Employ Thai Staff
In order to meet your Work Permit requirement, you must hire at least 4 Thai citizen as your employee.
5
Bookkeeping and Pay your Taxes
Every legal entity in Thailand must file for taxes and submit their audoited account at the end of the year.
The Must-Have #1
A Business Address
There're many ways you can have a business address that can be used to register your company.
Rent a Commercial Space
For example: a town house, an office unit in a office building
There are many Serviced Office providers in Thailand. You can rent one of their Office Suite. Do make sure there are no hidden fee and that they allow you to use it for Company Incorporation.
Your own ommercial properly
You can also use your own property as your place of business and business address
The most recommended solution because it is cost effective and you don't have to worry that you do not have all the necessary documents to incorporate your company in Thailand
The Must-Have #2
Incorporate your Company
Incorporating a company in Thailand can be as fast as 3 days up till 45 days.
The most common company structures. Can be set up as quick as 3 days. Qualified to sponsor Non-B Visa and Work Permit
Branch Office / Representative Office
This company structure is a legal subsidiary of a foreign company. The ultimate party responsible for the business in Thailand will be the foreign company
Company under this class receive special exemption and benefits from Thai gov't. They are usually reserved for larger companies.
American citizen or entity can legally owned 100% of company here in Thailand. This benefit is afforded to American according to Treaty of Amity and Economic Relations between the Kingdom of Thailand and the United States of America signed on May 29, 1966.
The Must-Have #3
Permission to work in Thailand (Work Permit)
You need to hold a Non-B Visa and a Work Permit to be able to legally work in Thailand.
Non-B Visa and Work Permit
Non-B Visa is issued by the immigration department and a Work Permit is issued by the Ministry of Labor. This is the only class of Visa that allows a foreigner to work for a Thai company in Thailand.
The Must-Have #4
Employ Thai Staff
Ensure you observed the law and regulation here when you employ a Thai citizen.
Hiring a Thai Citizen
It is mandatory to ensure you register your employee with the Social Security Office and it is also mandatory that the employer contribute 50% of the Social Security Contribution
There are many job portal in Thailand or you can use a Recruitment Firm to assist you with hiring.
The Must-Have #5
Bookkeeping and Pay your Taxes
Late submission of your company report or tax filing usually will incur penalty.
Every legal entity in Thailand is suppose to have a proper record of it's business for at least 7 years. It is your duty to provide the said records when requested by the Revenue Department
There are about 5 different Tax Filing that every companies must be aware of. Some of the filing are monthly, some of them is due in the middle of the year and there are some that are due once a year.
At UnionSPACE, you can find all the help you need in 1 place. There's no need to deal with multiple vendors or agents anymore!
1
Business Address
Opt for a Virtual Office instead of a physical space as most business functions are now done online and with Virtual Office, you get all the office support you need.
Virtual Office starts from only THB11,100 a year.
2
Company Incorporation
Talk to our Company Formation Team to discover the best company structure for you.
Company Incorporation starts from only THB27,500. Can be more depending on the services you require.
3
Non-B Visa & Work Permit
Our Visa team has successfully assisted over 3,500 Visa & Work Permit applications. We can assist you too.
Reach out to a UnionSPACE Visa and Work Permit Specialist today!
4
Recruitment & Payroll
It's important to hire from the right talent pool and one of the best way to be sure of that is to engage a talent management company to assist you.
Reach out to a UnionSPACE Recruitment & Payroll Team today! Our professional fees starts from THB15,000 only.
5
Bookkeeping & Tax Filing
Outsource your bookkeeping and monthly tax filing to our English & Thai speaking team.
Book a Free Consultation with our Accounting Team. Bookeeping & Tax Filing starts from only THB8,500/month.
Thailand #1 Business Hub
We're the largest Business Hub in Thailand
You can find us at 11 locations across Thailand and we're growing rapidly to serve you better.
Professional & Resourceful Team
We pride ourselves as one of the most resourceful business solution provider. Have a problem, faced a torny situation, speak to us.
We are part of vOffice Group
Together with vOffice, we are serving over 48,000 businesses and have presence in over 50 locations today.
Starting a new life in Thailand is rewarding. The people, the food and the weather is amazing. It is however important to start your business right, choose the right company to assist you to ensure the foundation of your business here is solid.
We also offer
Retirement Visa
Our Visa specialist can assist those over 52 years old to obtain a Thailand Retirement Visa without having to show that you have THB800,000 in your bank account at time of application.
Check out our Retirement Visa page for more info.
Personal Bank Account Opening Service
Under normal circumstances, banks will only allow long term Visa holder to open a personal bank account. Our team can help those who need a personal bank account in Thailand who does not comply with the usual requirement.
Check out our Personal Bank Account Opening service page for more information.
Certified Translation Service
Need some documents translated? Talk to our Translation Team today for a free quote.
Trademark Registration
Protect your brand here in Thailand. If you have not trademark your brand, we advise you to do so.
For more info, visit our Trademark Registration Service Page
Contact Thailand #1 One-Stop Business Hub
Let UnionSPACE assist you with your business or Visa here in Thailand so you can spend more time enjoying this country.
FAQ: on Living & Working in Thailand
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Why so many foreigner fall in love in our country?
Thai people are generally nice and kind and our food, proximity to many other countries and healthcare are the top reason why foreigner choose Thailand as their second home
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Is Thailand a rewarding country to start a business?
We definitely think so. Thailand has a strong domestic purchasing power and the high number of tourist arrivals can be a great addition to your business too
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How long does it take (the entire process) before I can start selling my product of services?
You should be able to open your Company Bank Account within 10 days.
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Is Virtual Office legal?
Definitely, Virtual Office a a DBD, RD, SSO approved alternative office in Thailand
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Can you help with to hire 4 Thais as we we need the headcount to apply for my Visa and Work Permit?
Yes, we can and in fact we have helped many clients with it. Speak to us for more infomration.
Living & Working in Thailand
Made Easy
In celebration of Redd Premium Self Storage x UnionSPACE partnership
All UnionSPACE clients / members will automatically enjoy an extra 10% discount for all Redd Premium Self Storage service. Simply quote "unionspace" when enquiring at Redd.