Representative Office

[AndyGZ]

Hey Guys,

Did you have any experience with setting up a rep office of the foreign company? What is the process, requirements and costs? What would be the advantages for me acting as the Chief Representative Officer?

What are annual compliance for RO (accounting, audit, taxation)?

Your views are welcome,

-A-

[AndyGZ]

keep silent - why, no such experience guys????

[cclub75]

I would like to complete the previous post of IS.

First there are some changes:

http://www.dbd.go.th/eng/GuidelinesofConsideration.pdf

Then, because a representative office is on list 3 (of the Foreign Business Act), you have to apply for a licence.

Here is the "guide" to apply for a licence....

http://www.dbd.go.th/eng/Application.pdf

I have only one thing to say : good luck !

This helps to understand why so many foreign companies and investors... are going to the easiest way : AKA to set up a "thai" company...

The FBA is a joke, openly bypassed (with the secret consent of the authorities) since it was enacted (1999).

Anyway, that's another debate.

[AndyGZ]

thanks guys to enlighten me! yeah, it seems more cost effective and time saving is to set up a private co

[cclub75]

thanks guys to enlighten me! yeah, it seems more cost effective and time saving is to set up a private co

Common sense is speaking...

To emphasize my point... look at the statistics...

Since march 2000... in 8 years.... 1962 licences under FBA were given... on those 1962 you can remove 378 for "project with government" (compulsory).

http://www.dbd.go.th/thai/statistics/alien_list.phtml

The whole story is a joke.

And they have no shame to say it out... with figures... on the Internet.