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davis121

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Posts posted by davis121

  1. 5 minutes ago, ANDREW999 said:

    When did you enter Thailand with the TR? I think I misunderstood you, not similar timings.

     

    By the way, during my under consideration stamp, they gave me 7 days extra, not 15. But 7, 15, it's the same. They will give you the rest of the days to 30 when you come back to the imm office.

     

    What happens after is what people is yet not asking to themselves. Im already wondering about that, as I dont have an under consideration stamp anymore...

     

     

    Initially on METV....

     

    Arrived October for 2 months --> Extended 1 month December --> Extended for 2 months in January ---> Extended 1 month in March ---> Covid Extension today for 15 days!

  2. 2 minutes ago, Benitostacos said:

    I got the consideration stamp for the Covid extension on March 27th, and my visa was set to expire on March 29th (first 30 day regular extension on a 60 day tourist visa).

     

    Ok so you got the same as me - effectively 15 days before you have to go back to immigration....what a joke!

     

    Cant help you on the second extension I'm afraid - just did my first one today!

     

     

  3. 8 minutes ago, ubonjoe said:

    If you look closely at the stamp is states your application is under consideration and the date on is is when you go back to get the remainder of the 30 days after your application is approved.

    Sure yes but that still means I have to go back down there in person in 15 days time - so effectively it may as well be a 15 day visa, but just with a bit less paperwork next time.

     

    The only potential upside is that with all the various towns in Phuket being locked down now, it might be less congested there in 15 days time! today was a nightmare!

  4. BACK. OF.  THE. NET!!!  ????

     

    Hopefully will be the same for other countries soon too

     

    Now updated page for UK without evidence of return flight as yesterday......

     

    https://www.gov.uk/guidance/notarial-and-documentary-services-guide-for-thailand

    COVID-19 Visa Extension Applications – Support Letter

    The British Embassy can issue a letter to support applications to extend existing visas. Those holding a tourist visa should first apply for a 30-day extension at an Immigration Office.

    To apply, email [email protected] with evidence of:

    1. Copy of biodata page of passport 
    2. Entry stamp
    3. Visa stamp/sticker with expiry date 
  5. On 1/19/2020 at 10:12 AM, scorecard said:

    Upfront Costs

    Company Set Up - 35,000

     

    Can be much cheaper, but there are Thai and western lawyers who will charge much much higher outrageous rip-off fees.

     

    Reality is that the actual registartion process at the Thai Companies Registration office is not complex, not all that time consuming, and not all that expensive.

     

    There are accountancy firms and business agencies who regularly do this work, aften at fees well under 35,000.

     

    And I'm aware of at least one professional property agency who can and do handle all of the above, and they also 'sell' company set-ups where sellers don't (after property sale) need the company set up and the agency helps sell the company name to other folks. Needs of course to be an agency with a proven record of ethics, etc. The agency I'm aware of did this for me when I sold my house about 6 years ago. Luckily they had a buyer (not of my property) who nneded a company set up, so it was win-win all around.

     

    Don't believe a lawyer who tells you that companies must be set up by a lawyer registered in Thailand, not true.

     

    Annually

    Accounts and Audited Accounts - 30,000

    Many accountants handle both items including preparation and lodging of the annual Company report to the Thai companies office, for way under 30,000.

     

    When I had a company my registered accountant (in Pattaya) handled both for around 12,000Baht annually all up, last time I did this was around 6 years ago. Then I sold the company name.

     

    (Keep in mind, unless it's changed the Audit must be handled by a sepearte company, but easy for an accountant to manage both items). 

     

    Work Permit - 15,000

    Preparation of the applications forms is quite simple and lodging the application is also simple, unless it's changed recently the actual fees to gain 1 one year work permit is around 3,800Baht.

     

    The accountant I mentioned above handles work permits. 

     

    Don't believe lawyers who tell you it is to be handled by a registered lawyer. Not true.

     

    Don't believe lawyers who tell you the work permit negotiation is very complex therefore needs a lawyer. There is no negotiation. All not true.

     

    Corporation Tax - 2,000

     

     

    Thanks I did think that about Accounts and audit....will shop around and see what prices i can find in Phuket

  6. 4 minutes ago, BestB said:

    Upfront about right 

    annual audits depends on the business but I pay 17000-18000

    WP if done by accountant or lawyer is about right, but will need 4 staff or at least paid SS for 4 staff

    tax on 50000 is under 3000 baht.

    SS minimum is about 990 baht per person 

    yes 2 million can be a loan 

     

    Brilliant thanks appreciate the input - I had 3 x 1500 for SS so I guess should be 4 x 990 (3960)?

  7. Would appreciate some input from those that have experience with limited companies in Thailand

     

    This is what I have so far from a few online sources and one visa company in Phuket (all THB)....

     

    Upfront Costs

    Company Set Up - 35,000

     

    Annually

    Accounts and Audited Accounts - 30,000

    Work Permit - 15,000

    Corporation Tax - 2,000

     

    Monthly

    Personal Tax on 50,000 - 3541 (not sure which exemptions might apply to single person - possibly just 30K?)

    Accounting - 3,500

    3 x Staff Social Security - 4,500

     

    2 Million Capital - Can this be a directors loan which is effectively not repaid or does it need to be 25% paid up...or are there other options?

     

    Appreciate any sensible replies ????

     

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