Virtual Office Needed, Any Ideas Folks.

[kelvinlinsey]

Hi does any of you nice people have any tips, i have a fully VAT registered Co.Ltd company and we submit tax on the 15th of every month as required BUT, as the company is inactive because we must wait for 12+ months for the US/UK side of the wholesale business to kick in we need to get the thai side of the companies cost down?

Is any1 using a virtual office now and if so is it really expensive and how many directors do you have?

Thanks folks hope you all had a great new year in the Kingdom of smile or where ever you were.

May 2008 be a productive and safe year for this lovely country

regards

Kelvin

[Maestro]

How much is “loads”?

What is your budget, ie how much can you afford to pay? With this information, perhaps somebody can give you useful information.

--

Maestro

[kelvinlinsey]

Ill check my accounts on monday and pop it on here. thanks for the note and any info in the mean time would be great.

Regards

K

[Sunbelt Asia]

Hi does any of you nice people have any tips, i have a fully VAT registered Co.Ltd company and we submit tax on the 15th of every month as required BUT, as the company is inactive because we must wait for 12+ months for the US/UK side of the wholesale business to kick in we need to get the thai side of the companies cost down?

Is any1 using a virtual office now and if so is it really expensive and how many directors do you have?

Thanks folks hope you all had a great new year in the Kingdom of smile or where ever you were.

May 2008 be a productive and safe year for this lovely country

regards

Kelvin

If you are in the VAT system or have a work permit, you can't have a "virtual office". You could have had a virtual office two or three years ago but times have changed. At the bare minimum, you must have a office address that is registered with the Thai government that has a space earmarked with only for your company. You cannot even have a a "Hot" desk that you share with other companies. (We have a “Hot Desk” as a branch office in the UAE that we pay $400.00 a month for, we get only two hours a day with the desk! That works there because we have not opened yet. )

Thai authorities do visit from the Labor Dept, to the VAT people to the withholding tax people to the Department of Business Development. All checking if companies paperwork is current or just a shell company. Once you start exporting and want the Vat credit, they will visit the office every month!

We do offer office rental to these companies from a private office for companies to a executive desk. On the lease your space in a office has to be registered so when they visit, they want to see as an example "space 24A." This space cannot be air such as a virtual office. If you work from there or not, it must have a exclusive work station with your companies name at “24A”. The professional fee we charge is 3,900 Baht per month for the large Executive Desk, with two months free if you pay a year in advance. You get free use of five hours high speed Internet and unlimited use of conference rooms throughout the city as well. Private Suites for up to 5 people range from 8,000 Baht a month to 19,000 Baht per month.

If your company is just registered with the Department of Business Development and it never was registered with the Labor Dept or VAT Revenue Dept then you possibly could have a "virtual office." Even this is debatable as Government staff from the Department of Business Development and the Tax ID officials do visit from time to time on new formed companies checking to make sure everything is in order. The virtual office in this case would be 2,500 Baht per month or two months free if you paid a year in advance. If it was a "virtual office" the Revenue Dept has been known to revisit around six months to make sure the company is on the up and up. The Department of Business Development will want to to see a sign with your name on the dooor and your company paperwork.

The government has much more staff these days to check.

If you never registered a company, you just need use of a conference room ( based on availability) or you want use of the Internet service for 5 hours with a “ Hot desk”. Then service is 1,900 baht per month.

www.sunbeltasiagroup.com