BigStar Posted February 22, 2012 Share Posted February 22, 2012 I have the possibility of receiving payments from online purchasers of an intangible product sold abroad. For various reasons, it's more convenient that payments not go directly to me. We're not talking about a large amount, maybe $500-$1000 per month, if that. Anybody established a Thai company for a similar purpose? Establish a bank account for the company (difficult?) and then an account at, say, Thaiepay? What would be the Thai tax implications? Another idea would be to use the Thai company to open a bank account in Singapore and recieve payments there. I wonder if that is possible. Link to comment Share on other sites More sharing options...
innerspace Posted February 24, 2012 Share Posted February 24, 2012 If you want a work permit the coasts for tax on your 4 fictitious staff and other expenses will have a reasonable hit on your income. If you don't have a work permit then you are not allowed to do anything yourself but cheaper. If the company is in a Thai name not yours then even cheaper but the Thai(s) could walk away with your money. Link to comment Share on other sites More sharing options...
necronx99 Posted February 24, 2012 Share Posted February 24, 2012 Why do you need any of those things? Offshore acc with debit card, moneybookers, neteller, paypal...the list of options is huge. Link to comment Share on other sites More sharing options...
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