Sunbelt Asia

This busy Silom area full service nail salon is only 300 meters from Silom down a busy side street. Covering 65 sqm the attractively decorated salon has all the necessary equipment including comfortable, well appointed chairs for the clients. There are two full time employees currently working there and the business is open 6 days a week from 11 a.m. to 9 p.m. Payroll totals out to 300,000 Baht a year or 25,000 Baht a month for both employees. Monthly rental is only 19,000 Baht a month and the lease, which expires in 2014, can be renewed. Sales for this profitable business reach over 710,000 Baht a year. Inventory, included in the price, is valued at 300,000 Baht. The owner travels overseas regularly and does not have the time to manage the business.

ASKING PRICE: 1.9 million

Bkk14431

Sunbelt Asia legal advisors can assist your friend with this, We do it for 5,000 baht with a quota of five foreign workers. The work permit is additional.

It is important to note that in order to apply for a foreign worker (Myanmar, Laos, Cambodia) the following is required:

Additionally, if Sunbelt Asia Legal Advisors were to do the application our attorney would need a power of attorney in order to submit the application on the client's behalf.

Please feel free to have your friend give us a call

[sunbeltlegal][/sunbeltlegal]

Unfortunately Thailand does not offer a freelance work permit. You will need to start your own business with a registered capital of 2 million baht and four Thai employees in order to obtain a work permit through the company.

One thing you may wish to consider is approaching one of your regular clients to obtain a work permit through them if at all possible.

If you need a free consultation please let me know

[sunbeltlegal][/sunbeltlegal]

Bingo is considered as a form of Gambling, but it is categorized as Class B (Khor Khai) item number 15.

It is mentioned in the 2nd Paragraph of Section 4 of the Gambling Act B.E.2478 that similar kinds of acts could be carried out only with written permission from either the Minister or a related official, but if without written permission, there must be a regulation that could waive the requirement for the written permission.

And in the 4th Paragraph of Section 4 of the Gambling Act B.E.2478 it stipulates that if prizes can be won for item 5 to item 15 of Class “B” Type of gambling, that the prize given out should not be an item that could be given a value (in terms of money wise). Once given, the organizer must not accept the prize back or offer an exchange money for the prize given out.

[sunbeltlegal][/sunbeltlegal]

It would depend on which country of course. Some countries will be much more expensive, others not as much. It would depend on the laws of the individual country as to what is required to shut a company down.

[sunbeltlegal][/sunbeltlegal]

So long as she registers with her Thai ID card it does not matter if her last name is Thai or foreign, she is considered a Thai national

It is important to note that since she must use her Thai ID card to register the business she must use the name registered on the ID card and cannot choose which name to register the business with.

[sunbeltlegal][/sunbeltlegal]

The Government fees for setting up a new company are: Certification of documents: 1,500 Baht. For capitalization: 5,500 Baht for each 1 Million Baht of registered capital – so depends on whether or not you need a work permit on the second company, as a work permit requires 2 million Baht in capital to be registered. Sunbelt Asia Legal's professional fee is 4500 Baht plus VAT and travelling charges for setting up a new company.

As for the subsidiary, if you mean creating a second company where the first company holds shares in the second company then you would need to change the shareholders list and if you plan on being a director of both companies then you would need to add the second company to your work permit as well.

Sunbelt Asia Legal's professional fee for the changing of the shareholders list is 3,000 Baht plus 300 Baht for travelling. Government fee for this is 100 Baht while our professional fees for the second work permit ( if you want this option) are 7,500 Baht plus 2 travelling trips of 300 Baht each. And the government fee is 3,100 Baht. If this the avenue you decide to pursue, we look forward to working with you. Feel free to send us a personal message.

[sunbeltlegal][/sunbeltlegal]

It is better to close the company down and make sure it is done properly so that no future problem could arise. The cost for closing down a company is approximately 50-60,000 Baht depending on the annual audit. If you decide to close today, apart from the 2012 year end audit you will also have to complete the 2013 (January) audit as well.

But should you keep the company idle and await for someone to buy you out or simply just take over your share, relieving you from the responsibility of being a director and a shareholder then it would depend on how quickly you could transfer the company. If you look for a buyer you will still need to file the annual and semi-annual audits.

I’m assuming that your company is also equipped with VAT, which means that the company has a monthly responsibility of filing, even though it is completely idle Failure to file the VATwill also incur late submission fees.

These days, information is linked between the Revenue Department, the Department of Business Development and Police.

Usually, they try to contact you to settle the any outstanding penalty payments. If you refuse to pay then you could be blacklisted or more importantly, you may find you can't leave the country if you are a director of a company that owes taxes. We have represented a client that had this happen; they were flagged at the airport when trying to leave.

It might be in your best interest to dissolve this company permanently, then you would not have to worry about leaving or returning to Thailand.

The cost of dissolving a company is approximately 50-60,000 Baht, and would take approximately 3-6 months to complete (depending on the liquidation process – if any).

[sunbeltlegal][/sunbeltlegal]

As the Company Headquarters are in Bangkok it is possible to add branches in Bangkok without having to travel to the Province where you plan on opening the new office. It requires three steps however, first the new address must be registered with the Department of Business Development and shareholders must be notified and a meeting held, then it would need to be added to the VAT registration at the Revenue Department and finally to your work permit at the Labor Office.

Total government fees would run around 1700 Baht for all three but it would require several trips to each office. Sunbelt Asia professional fees would be 9900 for all the paperwork, filing it and getting the documentation at the various offices. However, please note that there would be duty stamps to be pasted on the lease agreement, which will be total lease value divided by 1,000 Baht and courier fees to notify the shareholders.

The first step takes about a week, then adding it to the VAT should not take more than 2 days, finally adding it into your work permit can take up to a week. So in total budget around 20 working days per branch.

[sunbeltlegal][/sunbeltlegal]

It is difficult to give you fully accurate advice with the limited information here, i am assuming you will have a work permit?

Please send me a personal message with your email and we can set up a consultation for you to come in and discuss the situation with one of our legal advisors

.[sunbeltlegal][/sunbeltlegal]

The Virtual Office can be used as the address of a company but if you are working and are a foreigner you need a physical work space with your name at the desk It is important to note that the Labor Department can (and does) check the office and the number of employees when approving work permits. In certain situations it can be operated out of another province and it is possible to move the Company address from one province to another.

[sunbelt][/sunbelt]

As a foreigner you must apply as a Juristic Person. This is the best option for a foreigner who wishes to set up a travel and tour business in Thailand. A Thai company has to be set up first and then the TAT license can be applied for afterwards. The conditions are as follows:

A. Registered under Thai Law;

B. Have the appropriate Company Objective.

C. Juristic Person Partnership and all of unlimited liabilities must be of Thai Nationality.

D. OR a Limited Company and Public Company Limited, Not less than half of directors must be of Thai Nationality and not less than Fifty-One percent (51%) of capital must be owned by natural persons that are of Thai Nationality. Nominees will not work.

At the TAT office it is also likely that they will request the ID Card and House Registration of the Thai individual as well as pictures of the office that is being listed as the Company Address.

Last but not least you must produce a surety fund of between THB 100,000 to 200,000. The company can make this payment using a cashiers cheque or in the form of a surety bond. This amount, though, is flexible and will also depend on negotiations with the relevant Officer at the TAT office.

[sunbelt][/sunbelt]