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SunbeltAsiaExpert
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If the company pays you 10,000 Baht per month as allowance (travelling expenses) in addition to your basic monthly salary. This would be treated as your personal income where you would be taxed upon. On an individual basis, receipt for expenses would not be required and the Revenue Department stipulates an assumption rate for personal expenses of 40% of net income but not more than 60,000 Baht per year.
Whereas your company (employer) would be using this 10,000 Baht as monthly expenses (staff salary+allowance).
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If you are not performing the actual tour (travel agent) where you are only performing as a referral agent to tour company, then you would not be required to apply for a TAT license. Instead you would be required to be registered for E-Commerce permit.
Please note that if you are operating in Thailand plus the travel agencies are paying you in Thailand, even if you are working from home it is always recommended to have a work permit through a company that you would be able to work in Thailand legally.
In regarding to the TAT license, please be informed that you would have to obtain bank guarantee, as well as the operating company must also have Thai authorized director to represent the company.
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We have sent you a private message asking
What brand Michelin or Bridgestone?
Tires with tread or not tread?
Please let us know by PM, so we can help you better.
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The rules and regulation governing what is a house pet or farm animal is done by each local district (Tambol).
Some local district, stipulated that (i.e. elephant, horse, cow, buffalo, pig, goat, and sheep) are strictly prohibited to be brought in or stationed in the following areas that are commercial and populated , and the areas that the local district categorized as conservative land which are used for Thai cultural promotion.
Whereas some local districts will allow an elephant, horse, cow, buffalo, pig, goat, sheep, duck, chicken, dog, car and bird to be in the above mentioned area as long as they are kept in a proper place. On the following condition that its a a reasonable amount in quantity, they must not be a nuisance or cause interruption. The place must be hygienic location.
In the case if such animal is causing interruption to the you or the neighbourhood, you can report this to your local district (Tambol). You may want to consider to have a friendly chat with your neighbour about his/her rooster causing disturbance during the night hours. If you report this to the official, it may cause a quarrel with your neighbour.
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When an individual desires to obtain a certification of their translated documents, a government sector that would provide eligible to certify the translated document is the Consular (Ministry of Foreign Affairs) http://www.consular.go.th/
The procedure when certifying a translated documents, you are required to provide an original document and its translation. In the case if such original documents could not be provided, a copy that has been certify by its directive authority (i.e. Embassy) could be used as a substitute.
The government fee due to the consular is 400 Baht per set (1 set consist of 1 page [one sided] of the original and 1 page of the translation). The process would take approximately 3 working days. Our professional fee for translation in most cases is 500 Baht per page.
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The general rule is that, for as long as services are performed in Thailand and income has been incurred while being in the kingdom, it is considered working and operating and therefore, subject to restrictions and consequences if there is no Thai Business Entity to support the operation. However, if the services are performed outside of the kingdom and income generated in another foreign country, regardless if the clients came from Thailand, then you are not violating any laws.
Thailand and Australia have double-taxation agreements and therefore, if taxes are paid for the income derived in Thailand, it is no longer taxable in your home-country. This only applies of course, if you have a business entity registered in the kingdom. You may not declare corporate income and pay taxes (for services performed in the kingdom) if you do not have a business entity registered from here, otherwise you are considered operating illegally.
ASEAN cards are recognized of course, but only to the extent of conducting business meetings and business visits. Under no circumstances are you allowed to work (whether fee or compensated) or perform physical exertion of labor or conduct any profit-making activities without a valid work permit.
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Try these leads
http://www.b2bfreezone.com/product-detail/475358.htm
http://www.alibaba.com/countrysearch/TH/dehydrated-mango.html
http://www.tradekey.com/profile_view/uid/2246509/SIRIPUN-INTER-SUPPLY-LTD-PART.htm
If you want a professional Thai with experience in sourcing for exporters, to negotiate and convey your exact requirements as well as research additional firms. Our firm’s professional fee is 5,000 Baht per day. Our firm also works with farmers or suppliers in quite a number of fruits and vegetables. We don’t foresee any complications and your requirements should be done in a one day timeframe. You can contact K. Off with Sunbelt at 02-642-0213 or ophansa@sunbeltasia.com or [email protected] if you like to communicate with one of our foreign advisors.
www.sunbeltasiagroup.com
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It is possible to advertise in a shopping mall but the problem you may encounter would be from the shop owners themselves. For example, a jewellery shop owner may not want to crowd their counters with clothing advertisements. A good option could be a gift voucher such as “Buy two and get a third piece free”, 200 baht discount or some kind of value coupon so the shop owners can give it to their buyers as a thank you gift.
Ultimately you have to be aware of who your target market and seek joint promotions with stores targeting the same kinds of buyers. If your clothes have a retail price of 199 Baht, then it will not be worth the effort to co-promote with jewelry shops, as these shops sell items for over 7000 Baht a piece and they may only have 0-5 buyers a day.
If you wish to distribute a lot of coupons each day then it is better to work with consumer product businesses such as Boots, beauty salons and massage places (if foreign customers are the target). Basically non-compete businesses of a similar target group.
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ACMI lease can usually only take place between two ICAO member states airlines unless other arrangements have been made between LESSOR and LESSEE. You did not state if you are ICAO, otherwise it will be much more complicated.
Check out this lead.
Aviation Services & Sourcing Agents
Mr.Sherif ElRamly (GM)
1 x A320-200 (1990) for lease (long term , low rate)
1 x A320-200 For lease ACMI
1 x A321-200 For lease ACMIalsa.
Also Air Atlanta Icelandic and Hellenic Imperial Airways are known to do aircraft leasing on an ACMI basis.
Another is Phuket Air, which has a Boeing 747- 2U3B stored in Jakarta. As you are aware they have, what most would classify in the past as a very poor safety record. They are now working with Saudi Arabian on ACMI flights to and from Iran on Hajj services. http://www.phuketairlines.com/services/acmi_wet_lease.html
We have No Affiliation Whatsoever with the Individual and Entities and therefore CANNOT and DO NOT hold ANY Responsibility or Liability for any outcomes of Any Correspondence, Eventual Potential Trade Agreement or Other.
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If its a restricted business, per USA-Thai officials, won't work on the second Thai company unless that company has Amity treaty as well. Of course you can do it, but if it's ever checked, they state it would be found to be in violation of the Foreign Business Act.
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If you are considering investing in a company, our firm can sponsor you to obtain a one year multiple entry visa from a Embassy.
Registered paid up capital can be paid by the shareholders either in cash or assets. The registered capital must be
· Normal company (with majority of the shares owned by Thai identity) must have at least 2 Million Baht of registered capital.
· Thai-US Amity Treaty (majority of the shares owned by US Citizen) must have at least 3 Million Baht of registered capital.
On both kind of companies, at least 25% must be paid up and the remaining 75% can be paid up over the course of the year.
But when applying for a work permit, the official expects the 2 Million Baht of the company’s registered capital to be fully paid up plus the responsibility of employing 4 Thai employees. However, in the first year after the company has been set up the Labor Department will process a work permit with only 2 Thai employees registered to the company, in recognition of the fact that the business has been newly established and may not require 4 Thai employees immediately. It is important to note that when coming to renew your work permit you will then require 4 Thai employees. The requirement for 2,000,000 Baht of registered capital can be discounted by 50% in the case where the work permit applicant is legally married to a Thai national holding a valid non-immigrant O type visa based on marriage to a Thai national (or an extension of stay based on marriage to a Thai National). That would reduce the paid up registered capital requirement to 1 Million Baht. The Labor dept does not look at the bank account but will take your word the shares have been paid up either by assets or cash.
As an American you are also eligible to register your business as a Sole Proprietorship, but such an identity would not accommodate your work permit, as the Labor Department are now reluctant to approve work permits for this type of legal entity.
Please note that even if you have an Investment Visa or a Non-Immigrant “B” or “O-based on marriage”, you would not be eligible to work legally until you have been granted with a Work Permit. Such visa would only allows you to stay in Thailand for certain period.
An investment visa can be acquired if you have invested a minimum of 10,000,000 Baht in the Kingdom. This investment could be made in the form of property purchases (condominiums), funds deposited into a fixed savings account with a Government approved bank, or investment in Government bonds. The accumulated total investment must be at least 10,000,000 Baht in order to qualify for this type of visa.
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As a Belgian, there are no exception to the business/company in following the obligation of having the majority ownership (By Thai individual of juristic identity). That simply means that your company (the identity to operate the hotel) must have the majority of the shares (51%) owned by either a Thai individual and/or Thai juristic identity. The only exception to this rules is through the BOI Approval. But their obligation is to establish the business right from the scratch. That means that you could not acquire an existing hotel business. Another exception that would allow you to have 100% foreign owned company is to operate Hotel Management Services company, but under this category, you (as the Service Provide), you must not be part of the hotel owner (that is you are not the owner of the land, building).
In regarding to the taxes. If we are to discuss the corporate tax it is similar to an individual tax (i.e. using progressive rate based on the profits). This also depends on how the Revenue Department categorize your company. If your company’s registered capital is over 5 million Baht, your company would be tax at the fixed rate of 30% on your profit. As for the individual income tax, the tax would be calculate on the progressive rate as shown below
Net income (after deduction) Rate
From 1 to 150,000 Baht waived
From 150,001 to 500,000 Baht 10%
From 500,001 to 1,000,000 Baht 20%
From 1,000,001 to 4,000,000 Baht 30%
Over 4,000,001 37%
The salary rate is upon mutual agreement between the employer and the employee, but it must not be less than what the Labor Protection and Welfare stipulates which would be different from one province to another. For example, the minimum salary for a worker (blue collar worker) in Bangkok is 215 Baht per day (or equivalent to 6,450 Baht per month) as shown in the following website http://www.mol.go.th/en/employee/interesting_information/6319 for other location.
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No capital gains tax on profits from trading stocks or futures in Thailand.
On income, work for a company that has a qualifying Regional Office Headquarters in Thailand. As an expat you would pay only 15% tax for eight years.
Working for a normal Thai company, as an individual earning income in Thailand, that foreigner would be taxed on the following rates
Net income (after personal deductions) Rate
From 1 to 150,000 Baht waived
From 150,001 to 500,000 Baht 10%
From 500,001 to 1,000,000 Baht 20%
From 1,000,001 to 4,000,000 Baht 30%
Over 4,000,001 37%
The government has establish tax reduction programs to encourage by healthcares, savings & investments, and social support. Such could be in the forms of either buying long term health insurance policy, investing in LTF or RMF, or provide charity support (with official receipts) with charitable foundations e.g. United Nations etc.
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You can use your existing company to accommodate this business activity (to export fresh vegetable and fruits) as long as you listed this in your company’s objective (all with Ministry of Commerce, Revenue Department and your Work Permit) as well as to apply for Import/Export License (. This is to protect your company and yourself for not working outside the business scope. You alternative option would be to establish a new and separate juristic identity in the case if you wish to clearly segmented juristic identity and business purposes.
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There are different forms of business entities available for foreigners depending on the purpose of the business. A company limited or corporation is only one of these forms. You may set up Sole Proprietorship (restricted for foreigners unless applied through certain Treaties such as Amity Treaty but will still pose certain complications with new work permit applications), Partnership, Company Limited or Corporation, Foundation and Association or even a Regional/Representative office. Needless to say, these forms of business entities vary on structure and purpose, including liability. A Corporation or Company Limited among the above forms, is usually the most convenient and safest way to conduct a profit-making business in Thailand due to the protection of its shareholders regarding liabilities, profit and loss. A Corporation or Company Limited can be either public or private in nature. A public company is often listed on the stock exchange and typically has unlimited liability. Privately owned companies have limited liability and are often signified by the term "Co., Ltd" controlled by a “Managing Director”. MD is commonly referred to as CEO or President in western terminologies.
In the process of setting up a company, the initial shareholders, legally called “promoters”, are declared to own shares in the company (minimum number of shareholders/promoters required in a company is 3 parties). By Thai law, the minimum paid up capital is 25% which means that part of the investment, preferably the 25% in the form of cash as a start-up capital, must be issued or remitted to the company following the registration. The amount per share will depend on the amount of Capital declared in the Memorandum of Association of the company and the number of shares issued (e.g. 2 million capital, 1000 shares issued = THB2,000 per share[officially known as “Par Value”]). While the other 75% can be in any form of assets (furniture and fixture, equipment, inventory etc), it must be remitted into the company as declared in the “Balance Sheet” of the company usually at the end of the accounting year. It should be noted that when paying up the registered capital via the use of asset, it should be notified and indicated upon the company’s establishment, the full description of the item must be provided (such as a motor vehicle, the party that is paying up their shares via the use of this motor vehicle must provide the brand, model, chassis number, engine number as well as to proceed with the transfer of ownership from his/her name into the company’s name. The common accounting equation will apply at assets = liabilities + owner’s equity (capital). Soon after registering the company, an official list of shareholders form (Bor Or Jor 5) shall be issued by the Ministry of Commerce reflecting the name of shareholders and the percentages of shares they hold, total shares issued, amount of capital and the amount of paid-up shares. The shareholders can be Natural persons (individual persons) or Juristic Persons (business entity) however, the promoters of the company during the start-up process can only be Natural Persons.
You may issue “common shares” (ratio of 1 share=1 vote) or preferred shares (ratio or 10 shares per 1 vote) depending on your agreement with the rest of the shareholders. It should be noted however, that preferred share holders, in spite of the minority voting rights, are entitled for a fixed dividend at the end of the year. According to the Civil and Commercial code, shares could not be converted (that is Preferred Shares could not be converted into Ordinary/Common Shares). A loan to shareholders is definitely legal and viable but it is considered an internal transaction within the company. It is discretionary for the company whether to issue dividends or to simply carry over to the existing owner’s equity in the beginning of the following year. Salary can only be issued if such a person is declared as “employee” of the company. In cases of foreigners, a work permit must be issued. Shareholders on the contrary, are not employees of the company, rather the investor, hence, they are not entitled to a salary (if they are declared Managing Director with work permit, then yes); shareholders are only entitled to dividends in the event the company decides to issue dividends. It is likewise subject to personal income tax as other sources of income (or corporate income tax if it’s a juristic person).
Sunbelt Asia offers a very competitive price in registering the company for you for as low as THB7,500 professional fees (with free 1 month accounting filing). In order for your company to fully function as a company, you are required to comply with other requirements such as VAT and TAX, work permit, social fund registration and the like. In general, our firm can set up a fully-functional company for you starting from THB30,000 (usually for 100% Thai company) to THB70,000 inclusive of all government fees and a possible work permit. Among other things as part of the package, a set of share certificates, VAT and TAX registration, company seal and Social Fund registration shall also be provided for you including a minutes of meeting to open a corporate bank account under the name of the company. Licenses (FDA license etc) and other special license approval (BOI, Amity Treaty etc), however, are separate billing depending on the need for it. Our team of specialized licensed lawyers is ready to assist you in accomplishing this for you. Contact us now at www.sunbeltlegaladvisors.com to begin the process immediately.
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If the company has its own by-laws or sets of rules and regulations, then the agreement must first be honored. Normally the by-laws of the company would be established at the time that the company was established which can include provisions in cases of sale, transfer and disposal of shares. A sample provision would state the right of first refusal in which the selling party is not allowed to sell, exchange or transfer the shares without first offering it to the remaining party(ies). Violation of such provision normally results in dissolution of the company.
However, if no by-laws has been made, you would be using the Civil and Commercial Code as its foundation for the company’s by-law. Then you are free to transfer, sell or dispose of your shares to whomever you prefer. A share transfer instrument is normally signed for protection of both the buyer and the seller and the Managing Director/Authorized Director (Authorized Director is the terminology used with the government sectors) must be informed of the transfer of shares. The process normally takes 2-3 days (in some cases just within 1 day) and a new list of shareholder list will be issued (Bor or jor 5). If your company also has the shareholder registration book, the transfer of shares will be logged in this book. As for the amount of the shares, there are no taxes if the shares are sold at par value. If it is sold for a profit, then of course it is subject to capital gain taxes. Once agreed on the selling of the shares, the Managing Director would have the responsibility to file the new shareholders list with the Department of Business Development (Ministry of Commerce) reflecting the new shareholders in the company.
There is a huge difference between a Managing Director and a Shareholder. The former oversees the operation of the company and is normally nominated and appointed by the shareholders (in western terminologies, this is also considered as board of directors). The Managing Director in other western legal terms are also referred to as President or CEO. The latter however, are considered “investors” in which they hold percentages of shares corresponding to their investment. In a normal corporate operation, the shareholders are called up for a meeting in which they will elect a Managing Director to control the company operations. Whoever has majority voting rights may appoint themselves as the Managing Director of the company thereby gaining control of the company operations. In other words, shareholders may become managing directors but managing directors may not necessarily be a shareholder of the company. Selling of such shares does not automatically transfer directorship to the new owner. The managing director can be retained as such, subject to the dispute of the new owner of the said shares.
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There are different forms of business entities available for foreigners depending on the purpose of the business. A company limited or corporation is only one of these forms. You may set up Sole Proprietorship (restricted for foreigners unless applied through certain Treaties such as Amity Treaty but will still pose certain complications with new work permit applications), Partnership, Company Limited or Corporation, Foundation and Association or even a Regional/Representative office. Needless to say, these forms of business entities vary on structure and purpose, including liability. A Corporation or Company Limited among the above forms, is usually the most convenient and safest way to conduct a profit-making business in Thailand due to the protection of its shareholders regarding liabilities, profit and loss. A Corporation or Company Limited can be either public or private in nature. A public company is often listed on the stock exchange and typically has unlimited liability. Privately owned companies have limited liability and are often signified by the term "Co., Ltd" controlled by a “Managing Director”. MD is commonly referred to as CEO or President in western terminologies.
Part of the requirement in registering a company is a business address alongside with the name of the company and the promoters. You may register your company at any given address. However, for purposes of work permit and VAT registration, this has to be a physical office space and preferably a commercial one rather than a residential address. One of the requirements of work permit being that the registered capital of the company must be 2 million baht. This is not just limited to cash; it may be in other forms of assets such as land, building space, car, equipments and the like. The 4 Thai Employees are both an Immigration requirement and a Labor Department requirement per one work permit applicant. The Thai government strictly imposes sanctions for using nominees to fill this requirement. They have to be registered under Social Security Fund as this is one of the major proof that you have Thai Employees; they benefit from it by means of having free medication through the chosen government hospital in cases of accidents and illnesses.
Between option A and B, both will have similar requirements in getting you a work permit. The only difference is, since you will be the Managing Director of option A, you will have full control of the company rather than be an employee of option B. Moreover, you must also consider the cost of setting up a new company (for option A) rather than simply becoming an employee of an existing company (option
.Sunbelt Asia offers a very competitive price in registering the company for you for as low as THB7,500 professional fees (with free 1 month accounting filing). In order for your company to fully function as a company, you are required to comply with other requirements such as VAT and TAX, work permit, social fund registration and the like. In general, our firm can set up a fully-functional company for you starting from THB30,000 (usually for 100% Thai company) to THB70,000 inclusive of all government fees and a possible work permit. Among other things as part of the package, a set of share certificates, VAT and TAX registration, company seal and Social Fund registration shall also be provided for you including a minutes of meeting to open a corporate bank account under the name of the company. Licenses (FDA license etc) and other special license approval (BOI, Amity Treaty etc), however, are separate billing depending on the need for it. Our team of specialized licensed lawyers is ready to assist you in accomplishing this for you. Contact us now at www.sunbeltlegaladvisors.com to begin the process immediately.
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In Thailand, the first 150,000 Baht of earnings are tax free. However, if
you are earning more than 30,000 Baht per annum then you are required to
file a personal income tax return (PND 90) and register a Personal Tax ID
for the Kingdom. If you do decide to register a Personal Tax ID then you can
claim the withholding tax back from the Revenue Department. In order to do
this the original withholding tax certificate will need to be obtained.
As you are carrying out work within Thailand, you are required to obtain a
work permit. A work permit can either be obtained through setting up your
own Thai company, or through an existing Thai company. In order for you to
process your work permit you must hold either a Non-Immigrant "B" (business)
visa or a Non-Immigrant "O" visa based on marriage. Please be aware that
there are certain requirements when processing the work permit, including a
minimum registered capital and a required number of Thai employees.
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In the case if you are importing a yacht on a temporary basis (no more than
6 months), you are required to put down a security deposit (bank guarantee)
equivalent to the estimated tax value. The said security deposit shall be
return upon the re-export of the yacht.
Whereas when importing a yacht on a permanent basis, there shall be no
import duties. The VAT is calculated from the Cost, Insurance and Freight as well as the value of the yacht itself.
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The normal standard delivery schedule locally for regular post (of parcel) is between 3 days to 1 week depending on the location of the receiver. As far as international delivery is concerned, it may take longer, again depending on the location of the receiver. This is because the parcel may have to be screened especially by the receiving country. Having it delivered outside of Thailand usually is quite reliable, the delay usually comes from customs department and local post receiving on the other end. Is it highly recommended to use registered mail or EMS as this has a tracking system. There is no guarantee however that the parcel won’t get lost along the way. In this regard, we highly recommend courier companies for utmost reliability.
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The general rule is that any person, regardless of age is allowed to own shares in a company so technically speaking, your son/daughter can be your business partner despite his or her age. However, bear in mind that there is a difference between being a “shareholder” and being a “promoter”. A promoter is a natural person or a group of persons, age 12 years or more, who are establishing the business or company in preparation to registering the company. Hence the named promoter –the person promoting the start-up of the company. Shareholders on the other hand can be natural person(s) or juristic person(s) owning shares in a company. Once a company has been officially registered, a list of Shareholders will be released (bor or jor 5) with their corresponding amount of shares. These shares may be transferred to another person (whether natural or juristic).
A minor person can be a shareholder in a company but they cannot be a promoter if they are below 12 years old. The shares may be transferred to them at a later stage but it cannot be owned during the registration of the company. Furthermore, only until they reach the age of majority (20) can they be appointed as “Managing Director” of the company.
Sunbelt Asia’s Thailand company set up has formed thousands of different companies throughout Thailand and our clients return to us often for future business and legal assistance…so that shows they are happy with the results! Thai company set-ups can be done quickly and easily at Sunbelt Asia.
www.sunbeltlegaladvisors.com
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A client of ours had good results using AGS Four Winds International Movers. You can contact their Manager, Benjamin Conrazier, at Benjamin.conrazier[at]agsfourwinds[dot]com or 662-662-788
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For actual wholesale pizzas in Bangkok I have recently tried, and thoroughly enjoyed, the taste, variety and freshness of the pizzas from http://www.freshfood...om/default.aspx . Their prices are quite good too and their saleswoman, Jan can be reached at 085-160-4438 begin_of_the_skype_highlighting 085-160-4438 end_of_the_skype_highlighting.
Sometimes, restaurants that are closing post kitchen appliances and even cutlery for sale at http://bangkok.craigslist.co.th/ . There are several other restaurant equipment providers located in Thailand that Sunrise Tacos (http://www.sunrisetacos.com/) and Duke’s Express (http://www.dukesbangkok.com/) have used in the past and they should be able to assist you:
Seven Five Distributor Co., Ltd.
161/735-740 Soi Charansanitwong 27, Lane 22,
Charansanitwong Rd, Bangkhunsi, Bangkoknoi,
Bangkok 10700
Phone: 02-866-5858 begin_of_the_skype_highlighting 02-866-5858 end_of_the_skype_highlighting
Fax: 02-412-5934, 02-418-1310
Eton Standard Co., Ltd.
228/17, Moo 11, Thepharak Road,
Bangphliyai, Bangphli,
Samutprakarn 10540
Tel: 02-752-4288 begin_of_the_skype_highlighting 02-752-4288 end_of_the_skype_highlighting, 02-752-4897-8
Fax: 02-752-4788
Website: www.etonstandard.com
Wise Promotion (Thailand) Co., Ltd.
869, 871, 873, Srinakarin Road,
Suanluang, Suanluang,
Bangkok 10250
Tel: 02-752-6850-1, 02-322-2869 begin_of_the_skype_highlighting 02-322-2869 end_of_the_skype_highlighting
Fax: 02-322-2925
Second hand company
Sahaphanit (สหพานิช)
Contact Person: Mr. Surasit Laoweraphanit (คุณสุรสิทธิ์ เสาห์วีระพานิช)
Tel: 02-721-6180 begin_of_the_skype_highlighting 02-721-6180 end_of_the_skype_highlighting
At Sunrise Tacos (http://www.sunrisetacos.com/) and Dukes Express in the Emporium Mall in Bangkok (http://www.dukesbangkok.com/) we have used Penta Interiors and always get compliments on the restaurant’s layout and the classy look of our interiors. Both restaurants have been featured in the Bangkok Post, Big Chilli and Bangkok Magazine for their great food and pleasant surroundings. Their contact details:
Penta contact detail:
PENTA Interior & Turn Key Co.,Ltd.
Tel : 02 736 0385-6
Fax : 02 736 0826
There are numerous other interior designers in Bangkok (with offices in Silom and the Sukhumvit areas). Some clients of ours have used Right Angle Design Co. in the past and been happy with the results. Their owner Colin can be reached at 02-875-7495 begin_of_the_skype_highlighting 02-875-7495 end_of_the_skype_highlighting or [email protected] .
www.sunbeltlegaladvisors.com
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A foreigner, on an individual basis, can be a lease holder but if you want to use the leased premises for commercial/business purposes it is recommended to have the lease put into the company’s name as the company could directly credit the rental payments towards its reported company’s expenses. The lease gives the company the right to use the leased premises’ address as the company’s registered address. If the landlord has issued a letter of consent + the lease agreement in your personal name (e.g. not in the company’s name) it will not be sufficient for your designated company to register this leased premises as their registered address.
If you are a part of a registered a company where you would be one of the 3 shareholder (note: the minimum requirement to establish a company is 3 people), the information needed is:
1. A copy of your passport, and the Thai spelling of your name which could be obtained from your Thai marriage certificate, or your previous work permit. The Thai spelling is needed so that all your Thai official documents will be consistent.
2. Address (either in Thailand or in your home country)
3. Number of shares and the type of shares that you will be holding.
Different businesses require different licenses to operate in Thailand (i.e. operating a restaurant business would definitely require food license and may need Alcohol License and/or Tobacco & Cigarette License if the business owner intend to sell such items). Operation of a Guesthouse business (depending on the size/number of rooms) will require different classes of hotel licenses to operate (which are from different governmental authorities in Thailand). Sunbelt Asia is an expert in securing the necessary licenses to operate a myriad of business operations in Bangkok and throughout Thailand.
The security would not be secured if they are more than 3 year and was not registered at the land office. According to the land act, any lease which is over 3 year must be registered at the land office. As for your case 6 years (2+2+2),if there is any breach in the agreement, the lease would be upheld for the first 3 years. Under Thai law the option in a lease is for both parties Sunbelt Asia Legal Advisors do recommend to put clauses in a lease agreement that states that any additional options lie solely with the tenant and the lessee’s agreement to the additional option has already been granted to the tenant upon signing the original lease. Sunbelt Asia Legal Advisors also recommend that the lease should always stipulate the maximum increase in any additional rent that can be sought by the owner when the second option goes into effect.
Taking an over the existing lease where there are less than 2 years remaining and the current lease is not recommended. You must be certain that the current tenant has the ability/authority to transfer the lease to you/your company. Often this is not the case as leases often bar subleasing. You should not sublease but work with the landowner or with the landlord who has full authority over the property. Sunbelt Legal advisors is always willing to review leases for property and/or businesses that are considering a sale or sub-lease.
The government fees for obtaining Work permits starts at 850 Thai Baht and goes up to 3,100 Thai Baht depending on the length of the work permit’s validity. Sunbelt’s professional fees are the lowest when you are in need of securing a Work Permit or an extension of your current Work Permit and we will be happy to assist you.*
www.sunbeltlegaladvisors.com
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Hydraulics
in SME Business in Thailand
Posted
Please contact these two firms in Bangkok.
1. http://www.pneumax.c...CFYV66wodlT7eGQ
- Provide all types of Hydraulic Equipments.
- Tel : +66 2 726 8000 ext. 554-559
- E-Mail : sales.hyd[a]pneumax[dot]co[dot]th
2. http://www.sritong.c...CFUN66woddGi6Gw
- Pump
- Valve
- Motor
- Cylinder
- Power Unit
- Accessories
- Tel. 0-2428-4171-8
www.sunbeltlegaladvisors.com