Sole proprietorship in Thailand?

[JP-HB]

Getting prepared for our move from the UK to Thailand and so researching the best way to operate my business in Thailand. Any advice would be really appreciated.

I'm currently a UK operating Sole Trader that is UK VAT registered. When I move to Thailand I will continue to sell my products in the UK and would obviously remain VAT registered. As my UK income will be taxable in Thailand, I believe I must fill in a tax return each year.

 

I'm wondering if I should be thinking about registering a limited company or just continue on the sole trader/proprietorship basis. What would be the benefit of the ltd company in my position and what difficulties would I possibly have with either route?

 

Just for clarity my wife is Thai so I would be able to find the 51% ownership required and also I would not be selling in Thailand or anywhere else but the UK.

 

Thanks

[DrJack54]

Since all your business is UK and you are able to do that online, have you looked into DTV..

 

Here is a site. Not a gov site however has clear overview.

https://www.thaiembassy.com/thailand-visa/dtv-visa-thailand

[JP-HB]

9 hours ago, DrJack54 said:

Since all your business is UK and you are able to do that online, have you looked into DTV..

 

Here is a site. Not a gov site however has clear overview.

https://www.thaiembassy.com/thailand-visa/dtv-visa-thailand

Thank you for your reply. I'm aware of the DTV but have not really considered it much, however you are right, it could be a good choice. In the future my wife and I would like to open a small guesthouse (4 rooms max) I'm guessing at that point I would need to change to a visa that allows work permits but otherwise the DTV is probably ideal. From reading the article you linked it seems you have to leave the country every 180 days?

[DrJack54]

1 minute ago, JP-HB said:

From reading the article you linked it seems you have to leave the country every 180 days?

Recent thread discussing this.

Seems consensus is a short "holiday" out of Thailand is perhaps simpler option than extension at immigration.