Myself and my GF are directors in a Thai company started in January of this year but it is not likely to trade this financial year so I will not require to apply for a work permit until next year. When applying for a work permit, I understand from recent posts, that I now need to show evidence of a salary of min. 50,000 baht (UK nationality) per month. I am wondering how the Labour Dept deals with a couple of issues:

1. Does this "proof" of earnings need to come from the previous year's accounts showing the company's revenue giving it the financial ability to pay such a salary (which the accounts may not show) OR from details of proposed salary stated in the "prospective" employees "draft" contract of employment?

2. Once the WP is obtained, is it OK to pay the appropriate taxes, social payments etc. to the government, but not actually draw the net wage from the company? I.e. leave it in the Directors Loan Account to keep cash in the company as the Co. may still be making a loss in this second year, what with having all the salaries to pay.

Thanks for any member's valuable experience with this.

<br />Myself and my GF are directors in a Thai company started in January of this year but it is not likely to trade this financial year so I will not require to apply for a work permit until next year. When applying for a work permit, I understand from recent posts, that I now need to show evidence of a salary of min. 50,000 baht (UK nationality) per month. I am wondering how the Labour Dept deals with a couple of issues:<br /><br />1. Does this "proof" of earnings need to come from the previous year's accounts showing the company's revenue giving it the financial ability to pay such a salary (which the accounts may not show) OR from details of proposed salary stated in the "prospective" employees "draft" contract of employment?<br /><br />2. Once the WP is obtained, is it OK to pay the appropriate taxes, social payments etc. to the government, but not actually draw the net wage from the company? I.e. leave it in the Directors Loan Account to keep cash in the company as the Co. may still be making a loss in this second year, what with having all the salaries to pay.<br /><br />Thanks for any member's valuable experience with this.<br />

Hello, they don't want you to show financial statements exept for the balance sheet, so many people have sleeping company with a work permit and this for years.

however you'll of course need to pay monthly taxes even if you don't work, i guess they are happy enough with the taxes the foreigner holding a work permit is paying.