Opening company in BKK

[parafareno]

WHat are requirements for falangs opening up company'

Is it still you need to have 2 thai employees? What else...how much money are we talking about approximately.....

[FritsSikkink]

Have a read here:

 

https://www.siam-legal.com/Business-in-Thailand/business-in-thailand.php

 

[PatOngo]

1 hour ago, parafareno said:

What else...how much money are we talking about approximately..

If you want to make a little money, make sure you start with a lot!

[maisodni]

I would suggest that you look here:   https://www.thaistartup.com/incorporation.php 

[kralledr]

if married to a thai 2 are enough, and it cost around 50k inc wp..

[edwardflory]

If American, check the Treaty of Amity (spelling ) on the US Govt Embassy ( Thailand ) website. You can own company 100% WITH some restrictions - mainly Thai protected occupations, Thai employee requirements

[LukKrueng]

On 10/13/2019 at 9:30 AM, parafareno said:

WHat are requirements for falangs opening up company'

Is it still you need to have 2 thai employees? What else...how much money are we talking about approximately.....

the requirements for farangs opening a company are the same as for Thais with the exception of farang can only own up to 49% of the company (don't know the rules for Americans under the Amity treaty).

the number of employees and salary has nothing to do with the business registration, only with work permit for the farang

[Darkside Gray]

Farangs,Falangs! Why do so many expats here want to call themselves by a derograty term?

[kevinmartyn]

G. The quick and short answer is do not do it until Thailand is stable! Even then wait a few years and see

[Tayaout]

Last time I checked on top of 2 Thai employee and the limit of 49% ownership you need to invest 2,000,000 or 1,000,000 if maried. I concluded that even if I employed my Thai familly this is a losing proposition. Too risky if your goal is to show a profit. 

Edited October 14, 2019 by Tayaout

[kralledr]

8 hours ago, Tayaout said:

Last time I checked on top of 2 Thai employee and the limit of 49% ownership you need to invest 2,000,000 or 1,000,000 if maried. I concluded that even if I employed my Thai familly this is a losing proposition. Too risky if your goal is to show a profit. 

well ypu not really need to invest 1 million... i started my company 10 years ago and a new one just a few weeks ago np one check ypur bank book

[Lacessit]

Plenty of money.

[Tayaout]

11 hours ago, kralledr said:

well ypu not really need to invest 1 million... i started my company 10 years ago and a new one just a few weeks ago np one check ypur bank book

I was looking to start a company for visa purpose. You are right that you don't need any investment to simply register a company. 

[VocalNeal]

...and eventually you will have to close the company?

[kralledr]

5 hours ago, VocalNeal said:

...and eventually you will have to close the company?

why, if he pays the year end tax no issues.. no where there is a rule that the company need to make any profit ????

[VocalNeal]

No not the point. If a company is registered I suppose it can stay open forever, but may need to be closed one day which is not free as such.

 

As for profit. If a WP is involved they (immigration) seem to want to see some company income. Which I suppose could be paid to oneself. I'm not that clever.

Edited October 15, 2019 by VocalNeal

[Tayaout]

8 minutes ago, VocalNeal said:

No not the point. If a company is registered I suppose it can stay open forever, but may need to be closed one day which is not free as such.

 

As for profit. If a WP is involved they (immigration) seem to want to see some company income. Which I suppose could be paid to oneself. I'm not that clever.

Then you need to pay income tax. If you can only own 49%, need 2 Thai and need invest some money it quickly get expensive and risky. Might as well start the company in a low tax country then bring back the profit tax free the next calendar year and buy elite visa.