lindasue Posted March 21, 2005 Share Posted March 21, 2005 Hi all thank god i found this site... i am malaysian female 25 married to a thai,i have seen somewhere in this forum topic regarding about setting up a company... Well my question is that what are the requirement for a foreighner like me to set up a Limited partnership with my thai husband... my husband proposed to me that he wanted to set up a small internet cafe for me in Bangkok.. I know alot of foreighner here will discourage me to set up a Partnership limited just for the sake of liability ..Well to me i dont mind for a limited partnership as all the capital will be on my Husband.... 1)can a foreighner really set up a Ltd partnership with a thai?? 2)Does Ltd PArtnership requires 2 million baht registered capital ?? 3) what are the anuall tax rate in thailand for a Ltd PArtnership?? 4) and how much of a paid up capital do we need to inject to our bank account for a Ltd PArtnership... 5) can i get a work permit ?? 6)do we need 4 staff for limited partnership Please can anyone give me a hint as we are really into this set up oh and i am on a non immigrant visa O multiple... Thank you Linda SUE Link to comment Share on other sites More sharing options...
lindasue Posted March 21, 2005 Author Share Posted March 21, 2005 Helooo is there any 1 out there that could atleast give me an advice on my problem here?>> Link to comment Share on other sites More sharing options...
EVO Posted March 21, 2005 Share Posted March 21, 2005 I have no idea about the Ltd. Partnership route as I have a Ltd. Company. I guess you will need to wait for Sunbelt or Steve Indo-Siam to give you the real story. Ill be checking out the replies anyway. Link to comment Share on other sites More sharing options...
johninbkk2000 Posted March 23, 2005 Share Posted March 23, 2005 Lindasue, 1)can a foreighner really set up a Ltd partnership with a thai?? YES 2)Does Ltd PArtnership requires 2 million baht registered capital ?? IF YOU ARE MARRIED WITH A THAI AND YOU WANT TO APPLY FOR A WORKPERMIT THE MINIMUM REQUIRED REGISTERED CAPITAL IS 1 MILLION. IF YOU ARE NOT MARRIED AND YOU WANT TO APPLY FOR A WORKPERMIT THE MINIMUM REQUIRED REGISTERED CAPITAL IS 2 MILLION. NOTE, THIS IS REGISTERED CAPITAL AND DON'T HAVE TO BE PAID UP. 3) what are the anuall tax rate in thailand for a Ltd PArtnership?? ??? 4) and how much of a paid up capital do we need to inject to our bank account for a Ltd PArtnership... NONE 5) can i get a work permit ?? YES 6)do we need 4 staff for limited partnership NO Regards, John Link to comment Share on other sites More sharing options...
Sumitr Man Posted March 23, 2005 Share Posted March 23, 2005 Lindasue: Partnerships and limited partnerships are not my hobby expertise. That said, as I understand it: 1: a limited partnership can be between a Thai and foreigner; however, the foreigner is not allowed to be the managing partner and needs to be a "silent" partner; 2: even though you have a "limited" partnership, the liability of the managing partner remain unlimited [s. 1077(2) of the Civil and Commercial Code] 3: Anyone with limited liability (you) who acts in the name of the partnership with 3rd parties becomes an unlimited liability partner - moreover, an limited partner cannot "manage" the partnership in any way; 4: The limited partnership cannot contain the names of any limited partners (for example "Lindasue Cafe"); All of the above are contained in Sections 1077 - 1095 of the Civil and Commercial Code. For limited partneship tax rates, read the following (Revenue Dept.): http://www.rd.go.th/publish/6044.0.html For immigration issues, I'm afraid you'll need to ask someone else - as I really know nothing about that SM Link to comment Share on other sites More sharing options...
Wekhin Posted March 24, 2005 Share Posted March 24, 2005 1)can a foreighner really set up a Ltd partnership with a thai?? Yes. 2)Does Ltd PArtnership requires 2 million baht registered capital ?? No. 3) what are the anuall tax rate in thailand for a Ltd PArtnership?? 20% for partnership/company with no more than 5 million baht of registered capital and less than 30 million baht of sales. 4) and how much of a paid up capital do we need to inject to our bank account for a Ltd PArtnership... Registered capital can be paid in cash and/or kind. 5) can i get a work permit ?? Yes. If you are legally married to a thai, registered capital must be at least 1 million baht (in cash and/or kind). If not, it must be 2 million. When you file a partnership/company registration, you must stipulate the gross registered capital and you must declare how much capital is already paid in (cash and/or kind). Link to comment Share on other sites More sharing options...
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