Non-immigrant B Visa, Extension And Work Permit Criteria

[joefarang]

2 questions below, but first some background:

i have a newish, private limited company protected under the treaty of amity, and it has yet to start conducting business.

in the meantime, my accountant does all the necessary monthly accounting work as required by law; i have the audits for 05 and 06, balance sheets, vat declarations etc. - everything is 100% legal, correct and aboveboard.

i have a 3-month, non-immigrant b visa, which expires in june, so i need to start the work permit application asap. my accountant has already begun the doc prepping, but i apparently have to have 4 thais on the payroll and 2 million baht in PAID UP capital. my registered capital is 2.1 million baht, though.

Q1: do i actually have to have the 2 million baht in paid up capital and the 4 thais on the payroll to get a work permit?

Q2: Until the money comes in to the company's account to raise it to the supposed 2 million baht level (whether funds come from abroad or here in Thailand apparently doesn't matter), can I get an extension on my visa so that I don't have to do another visa run?

regards/joe

[richguess]

2 questions below, but first some background:

i have a newish, private limited company protected under the treaty of amity, and it has yet to start conducting business.

in the meantime, my accountant does all the necessary monthly accounting work as required by law; i have the audits for 05 and 06, balance sheets, vat declarations etc. - everything is 100% legal, correct and aboveboard.

i have a 3-month, non-immigrant b visa, which expires in june, so i need to start the work permit application asap. my accountant has already begun the doc prepping, but i apparently have to have 4 thais on the payroll and 2 million baht in PAID UP capital. my registered capital is 2.1 million baht, though.

Q1: do i actually have to have the 2 million baht in paid up capital and the 4 thais on the payroll to get a work permit?

Q2: Until the money comes in to the company's account to raise it to the supposed 2 million baht level (whether funds come from abroad or here in Thailand apparently doesn't matter), can I get an extension on my visa so that I don't have to do another visa run?

regards/joe

Joe,

I am in a similiar position...American, bought a small business in Phuket, non-B single 90 days. You already have the 2M in registered capitol, you don't need to actually have that money in the bank. You do need to have 4 Thais on your payroll...and be paying social secuity. You also need to show you are paying salary tax on your salary...should be at least 50,000 Bt/mo income. Get your work permit. It will be valid until your visa expires. Before your visa expires go to your local Immigration Office with all your business paperwork and a request for extension. They will give you a 30 day extension. Go back to the Labor Office and they will extend your work permit. At the end of your extension it's back to Immigration where they will probably give you 90 days...then renew your work permit. Repeat this process until Immigration is satisfied you are paying your taxes..then they will give you a year.

Hope this isn't too confusing. Oh yeah, a little money to the Thai Immigration officer always helps...I didn't say that...

[johnliu]

2 questions below, but first some background:

i have a newish, private limited company protected under the treaty of amity, and it has yet to start conducting business.

in the meantime, my accountant does all the necessary monthly accounting work as required by law; i have the audits for 05 and 06, balance sheets, vat declarations etc. - everything is 100% legal, correct and aboveboard.

i have a 3-month, non-immigrant b visa, which expires in june, so i need to start the work permit application asap. my accountant has already begun the doc prepping, but i apparently have to have 4 thais on the payroll and 2 million baht in PAID UP capital. my registered capital is 2.1 million baht, though.

Q1: do i actually have to have the 2 million baht in paid up capital and the 4 thais on the payroll to get a work permit?

Q2: Until the money comes in to the company's account to raise it to the supposed 2 million baht level (whether funds come from abroad or here in Thailand apparently doesn't matter), can I get an extension on my visa so that I don't have to do another visa run?

regards/joe

Joe,

I am in a similiar position...American, bought a small business in Phuket, non-B single 90 days. You already have the 2M in registered capitol, you don't need to actually have that money in the bank. You do need to have 4 Thais on your payroll...and be paying social secuity. You also need to show you are paying salary tax on your salary...should be at least 50,000 Bt/mo income. Get your work permit. It will be valid until your visa expires. Before your visa expires go to your local Immigration Office with all your business paperwork and a request for extension. They will give you a 30 day extension. Go back to the Labor Office and they will extend your work permit. At the end of your extension it's back to Immigration where they will probably give you 90 days...then renew your work permit. Repeat this process until Immigration is satisfied you are paying your taxes..then they will give you a year.

Hope this isn't too confusing. Oh yeah, a little money to the Thai Immigration officer always helps...I didn't say that...

hi,how do you go about paying the LITTLE MONEY and how much is the amount usually? Mine is due soon,but from what isee,there are usually a lot of people around,how how is pass the LITTLE MONEY to them and how to determine that they will want? do you speak thai or you bring a thai along? thanks

[joefarang]

2 questions below, but first some background:

i have a newish, private limited company protected under the treaty of amity, and it has yet to start conducting business.

in the meantime, my accountant does all the necessary monthly accounting work as required by law; i have the audits for 05 and 06, balance sheets, vat declarations etc. - everything is 100% legal, correct and aboveboard.

i have a 3-month, non-immigrant b visa, which expires in june, so i need to start the work permit application asap. my accountant has already begun the doc prepping, but i apparently have to have 4 thais on the payroll and 2 million baht in PAID UP capital. my registered capital is 2.1 million baht, though.

Q1: do i actually have to have the 2 million baht in paid up capital and the 4 thais on the payroll to get a work permit?

Q2: Until the money comes in to the company's account to raise it to the supposed 2 million baht level (whether funds come from abroad or here in Thailand apparently doesn't matter), can I get an extension on my visa so that I don't have to do another visa run?

regards/joe

Joe,

I am in a similiar position...American, bought a small business in Phuket, non-B single 90 days. You already have the 2M in registered capitol, you don't need to actually have that money in the bank. You do need to have 4 Thais on your payroll...and be paying social secuity. You also need to show you are paying salary tax on your salary...should be at least 50,000 Bt/mo income. Get your work permit. It will be valid until your visa expires. Before your visa expires go to your local Immigration Office with all your business paperwork and a request for extension. They will give you a 30 day extension. Go back to the Labor Office and they will extend your work permit. At the end of your extension it's back to Immigration where they will probably give you 90 days...then renew your work permit. Repeat this process until Immigration is satisfied you are paying your taxes..then they will give you a year.

Hope this isn't too confusing. Oh yeah, a little money to the Thai Immigration officer always helps...I didn't say that...

[joefarang]

2 questions below, but first some background:

i have a newish, private limited company protected under the treaty of amity, and it has yet to start conducting business.

in the meantime, my accountant does all the necessary monthly accounting work as required by law; i have the audits for 05 and 06, balance sheets, vat declarations etc. - everything is 100% legal, correct and aboveboard.

i have a 3-month, non-immigrant b visa, which expires in june, so i need to start the work permit application asap. my accountant has already begun the doc prepping, but i apparently have to have 4 thais on the payroll and 2 million baht in PAID UP capital. my registered capital is 2.1 million baht, though.

Q1: do i actually have to have the 2 million baht in paid up capital and the 4 thais on the payroll to get a work permit?

Q2: Until the money comes in to the company's account to raise it to the supposed 2 million baht level (whether funds come from abroad or here in Thailand apparently doesn't matter), can I get an extension on my visa so that I don't have to do another visa run?

regards/joe

Joe,

I am in a similiar position...American, bought a small business in Phuket, non-B single 90 days. You already have the 2M in registered capitol, you don't need to actually have that money in the bank. You do need to have 4 Thais on your payroll...and be paying social secuity. You also need to show you are paying salary tax on your salary...should be at least 50,000 Bt/mo income. Get your work permit. It will be valid until your visa expires. Before your visa expires go to your local Immigration Office with all your business paperwork and a request for extension. They will give you a 30 day extension. Go back to the Labor Office and they will extend your work permit. At the end of your extension it's back to Immigration where they will probably give you 90 days...then renew your work permit. Repeat this process until Immigration is satisfied you are paying your taxes..then they will give you a year.

Hope this isn't too confusing. Oh yeah, a little money to the Thai Immigration officer always helps...I didn't say that...

Dear Sir,

Thank you for your advice; much appreciated.

I know about the 4 thais and me on the payroll, but I thought I had to prove to imm. author. at time of application, via bank statement, that the company's current account had a minimum of 2 million baht in it. Yes or no?

Regards/Joe

[Sunbelt Asia]

2 questions below, but first some background:

i have a newish, private limited company protected under the treaty of amity, and it has yet to start conducting business.

in the meantime, my accountant does all the necessary monthly accounting work as required by law; i have the audits for 05 and 06, balance sheets, vat declarations etc. - everything is 100% legal, correct and aboveboard.

i have a 3-month, non-immigrant b visa, which expires in june, so i need to start the work permit application asap. my accountant has already begun the doc prepping, but i apparently have to have 4 thais on the payroll and 2 million baht in PAID UP capital. my registered capital is 2.1 million baht, though.

Q1: do i actually have to have the 2 million baht in paid up capital and the 4 thais on the payroll to get a work permit?

Q2: Until the money comes in to the company's account to raise it to the supposed 2 million baht level (whether funds come from abroad or here in Thailand apparently doesn't matter), can I get an extension on my visa so that I don't have to do another visa run?

regards/joe

Joe,

I am in a similiar position...American, bought a small business in Phuket, non-B single 90 days. You already have the 2M in registered capitol, you don't need to actually have that money in the bank. You do need to have 4 Thais on your payroll...and be paying social secuity. You also need to show you are paying salary tax on your salary...should be at least 50,000 Bt/mo income. Get your work permit. It will be valid until your visa expires. Before your visa expires go to your local Immigration Office with all your business paperwork and a request for extension. They will give you a 30 day extension. Go back to the Labor Office and they will extend your work permit. At the end of your extension it's back to Immigration where they will probably give you 90 days...then renew your work permit. Repeat this process until Immigration is satisfied you are paying your taxes..then they will give you a year.

Hope this isn't too confusing. Oh yeah, a little money to the Thai Immigration officer always helps...I didn't say that...

This was valid before Oct 1st 2006 and as you were applying as well for the extension of stay permit based on business, you had to meet other criteria such as 4 Thai employees, etc.. The rules have changed since then and is impossible to get the extension of stay permit based on business ( unless BOI) until the next year of trading. The previous year must show the annual sales were higher than the foreign employees salaries for the current year( In Pattaya, its net profit of the previous year) and a net minimum of one million Baht equity. This criterion is not required to get a work permit.

www.sunbeltasiagroup.com