Marisa Posted April 23, 2008 Share Posted April 23, 2008 Hi Hoping someone can offer some basic advice. I am look-krung (grew up in the UK but have Thai nationality). I cannot read/speak fluent Thai and still often get treated as falang. I've been here in BKK for 3.5 years working as an employee. I have recently decided to branch out on my own with a number of options for work/business. One of which is a freelance/consultant option as well as having my own 'business' of some kind. Can anyone advise (as a Thai national) if I should go for the SOLE TRADER/PROPRIETORSHIP or go into the complexities of setting up some kind of COPORATION/PARTNERSHIP? What is the main difference in paperwork needed, difficulty, WH tax and payments/fees etc? As well as the Consultant role (which would just be me, a laptop and my time), the other business of mine would equate to just me again but with an online presence/service at this point. If it took off (if I needed more people etc) then I would obviously have to re-consider. However I am not yet at that stage so was just looking at the immediate future in order to make the most of not paying too much tax etc. I know this is not necessarily Thai Visa related but I can't find the information in English on the net for 'Thai Nationals'. Thanks a lot for any help! Link to comment Share on other sites More sharing options...
Chang_paarp Posted April 23, 2008 Share Posted April 23, 2008 As a Thai citizen it is much easier to start off as a sole trader, which is what most small businesses in Thailand are, when you bigger there may be advantages to becoming a limited company. Us "imports" do not get that option to be a sole trader. You only pay income tax on what you declare you can be more flexible. It would still be worth talking to a professional to outline the pros and cons, but up to a certain point the sole trader option is the least paperwork and hassle option. Link to comment Share on other sites More sharing options...
Marisa Posted April 28, 2008 Author Share Posted April 28, 2008 As a Thai citizen it is much easier to start off as a sole trader, which is what most small businesses in Thailand are, when you bigger there may be advantages to becoming a limited company. Us "imports" do not get that option to be a sole trader. You only pay income tax on what you declare you can be more flexible.It would still be worth talking to a professional to outline the pros and cons, but up to a certain point the sole trader option is the least paperwork and hassle option. Hi there Thanks a lot for your help. I think you're right actually. I did a little more digging and found something similar. But thanks again for your message. Link to comment Share on other sites More sharing options...
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