Requirements For Work Permits Changed?

[freitag1]

A friend of mine wants to work in a Thai company. They got 5 Thai employees, registered capital of 2 million and their paperwork in order. I recall that a year or two ago the company also had to show that they made a minimum profit of 1 million thb.

They don't have that. Is it still a requirement for the application? They made good money but also claimed to have high expenses for tax reasons.

I googled for it and also the info on thaivisa doesn't state this as a requirement. http://www.thaivisa.com/513.0.html

Would be great if anyone has some more info about that.

[monty]

In general, company income is not an issue for the labour department to issue work permits.

It is however required by immigration that you can show audited bookkeeping accounts showing that basically the company made enough profit in the previous year to be able to pay the WP holder's next year salary (plus a whole lot other documents!).

Minimum salary for a European to qualify for a 1 year extension is 60,000 Baht, so basically last year should have netted at least 720,000 Baht (12X60,000).

However as always rules tend to get interpreted differently at the different immigration offices, some might allow a capital injection if not enough profit has been made, some might need gross revenue while other offices might require net profit!

In short, whatever last year accounts, you should be able to get a work permit, which will be valid until your allowed in Thailand date.

In the case of a multiple entry visa a border run has to be done, followed by getting the work permit extended to match your new 3 months stay.

If you don't hold a multiple entry visa, a visa trip will have to be done to a country/city with a Thai embassy or consulate. Single entry non immigrant visa's will be granted when holding a workpermit. After you return, again extend your WP to match the new visa dates.