Work Permits

[Dawn]

Will we be automatically be granted work permits if we have our own limited company registered in Thailand? Do we have to have a certain amount of registered company capital in order to get a work permit each?

Many thanks

[Sunbelt Asia]

Will we be automatically be granted work permits if we have our own limited company registered in Thailand?

No. However if you're an Managing Director, you have a very high chance of acquiring one when you apply for a work permit.

Do we have to have a certain amount of registered company capital in order to get a work permit each?

2 million baht if you're a Director. If you're just an employee and not a director...no requirement.

If you want a one year visa as a employee ( either being a director or not a director) then the company must have 2 million baht registered capital with 1 million of that being working capital. If you can not meet the 2 million baht registered capital on paper for the one year visa, obtain the one year multi entry visa and then you do not need that requirement.

www.sunbeltasia.com

[teelac888]

what do you mean by limited company? do you mean you want to start up a company or a joint venture or you don't care as long as you get work permits?

you declare the capital of the company - you don't have to bring the 2 million in cash and put it on a table somewhere or have it in a blocked bank account.

the real issue if it's a joint venture you're after is that you have to have 4 thais as the majority owners holding 51% or more of the company.