Advantages to Increasing Capital in a Thai company

[xvend]

Hi,

 

My current Thai company has a registered capital of 2mil. I am investing more of my own money in equipment and renovations of 8mil. I do realize that by increasing registered capital to 10mil my tax on profit increases from 10% to 20%.

 

Our accountant for this reason is discouraging us from increasing registered capital.

 

I do know one advantage of increased capital is I could hire more foreign staff.

 

What are the other advantages to increasing capital?

 

Thank you

Edited April 23, 2021 by xvend

[blackcab]

1 hour ago, xvend said:

I do know one advantage of increased capital is I could hire more foreign staff.

 

If you also additionally employ the correct ratio of Thai staff.