Minimum Capital Required

[welovesundaysatspace]

I have a question regarding the minimum capital investment required to open a company in Thailand: I understand it has to be at least 2-3 M THB, and for every work permit 2 M THB (e.g. you want to qualify for 3 work permits, you need to invest 3x2 M THB = 6 M THB capital). But how is the capital actually injected? Does it have to be transferred to a savings account as a kind of security deposit (e.g. to prevent bankruptcy)? Or can it actually be spent? How is checked whether the money was injected and to what account and how much is left etc.?

[12DrinkMore]

This is Thailand.

There are several ways of going about this. It is best to talk to your lawyer, who will know the relevant people and 'local procedures'....

[mallyrd]

This is Thailand.

There are several ways of going about this. It is best to talk to your lawyer, who will know the relevant people and 'local procedures'....

With a nudge nudge and a wink wink!