Starting A Business In Bangkok

[jdperkins]

I want to start a personal training buisness in Bangkok specialising in sports performance but also body transformations.

Im looking into how I can attain a work permit and start off.

I would be renting a place to kit out with equipment but would also train people in other locations like parks, condos.

I understand i'd need to employ 4 staff but Id only need 2 staff to start out. A cleaner and driver but I'd only need them part time. Is this possible or dothey need to be employed full time? Could I also employ the other 2 people on a part time basis like an advisor and accountand when needed.

Also I will need to buy equipment and rent so wont have the 1 million baht starting costs so is it possible to have partial funds and make up the rest of the money over the first few years? Do I need to have the funds in Thailand and what proof do I need to show?

Also, what assistance can you provide me in starting out. Do you deal with all legal matters and help with work permits?

Thank you

[Sunbelt Asia]

Generally, in the first year you can have two Thai employees, you must pay social security tax on both. By the second year, 4 Thai employees per work permit will be necessary. Capitalization of 2 million baht can be either in cash or assets (1 million if married to a Thai national). A minimum of 25% of the value of each subscribed share must be paid.

You must have 3 shareholders to form a Limited company and maintain 3 shareholders at all times . A company must be registered with a valid corporate address. In most cases it is not possible to register in a condominium or home; it must be a commercial address.

Sunbelt Asia has extensive experience setting up companies and obtaining work permits for people in Thailand, please feel free to give us a call for a free consultation at 02-642-0213. http://www.sunbeltlegaladvisors.com/contact.php

[sunbelt][/sunbelt]