Help With Exporting Please

[JonBreadMan]

I am moving over to live in Thailand next month as I have been given a job by my brother to look after the exporting of gift items for him back to England (as well as Spain, and may be USA at a later date)

We will be going to the gift trade shop in April, as well as going to see firm's around Thailand. We hope to be exporting a container each month by the end of the year so will be over the 1.8m.

He already has offices set up in China and India where he gets a lot of his goods from so he knows it inside out from other countries.

This is all new to me and want to make sure everything gets of to a good start, any help would be very helpful, I am not sure about the best way to get paid, is it best to get paid in England, or set up a company in Thiland and get paid throw there, and as I can only own 49% can see this is not that easy to do.

I will also need to find a good company to ship the goods back, as well as someone that can do the paper work as I am sure it will be in Thai, yes I am happy to pay for a good person. I am not after doing anything underhand.

Thanks for any help.

[raro]

someone needs to be the official exporter. This can be the producer of the goods, your company, a third party company or a Thai person. You could do that also, but it is a major hassle.

The downside of private people exporting is that you cannot claim the 7% VAT back.

The downside of the producer exporting is, your importer on the other side will know form the paperwork who they are and can contact them directly next time, cutting you out of the profit chain. This can be solved by having your own import company in the UK, but it is more practical having an exporter in Thailand if you plan to export to other countries.

The profit would be in the export company, buying the goods at 100 and selling it to your overseas customers @100+x

Yes, you can own only 49% in that company, but there were some exceptions for exporters from what I saw here in the forum.

[Robbogeordie]

100% Export only company of Thai products and foreigners can own 99% of shares.Maybe 100%,but if you have Thai shareholders then you can't have it all!

To recover the VAT you will need to have your own Thai company.