Love Thailand Dearly, But Reevaluating Having A Business Here

[ovenman]

Presumably the article in question: http://www.thaivisa....-share-capital/

[CMX]

It sort of hurts to know that I'm only liked - even tolerated - for my money. (But then, in my case, that's been generally the case for a while.)

[muchogra]

Quote: "But still the factor is not if it's foreign-owned or not, that's just rubbish..."

Winnie, I don't suppose you risk your own money running a business here. On top of that, you said reporting a wage of B60,000 a month and paying tax on it not that much? Sure, you may be getting paid more on your expat package, but not everybody is like you.

[muchogra]

Big foreign companies sure have no problems but for small foreign companies it's a different story!

[muchogra]

I set up a company for my friend from abroad in around 1990 with a 2M registered capital. My friend from abroad came to visit and visited the law firm that I handed them the task to register the company. Before I knew it, they billed me more than B80,000 for consultation fees - charged by the hour. Doing it through a Thai company would have cost me less than B10,000 but then my foreign friend wanted to do the right way like in a Western country. Rubbish, you say? Please give credit to some foreigners who've been doing business here and risking their own money for a long time but feel broken-hearted at times!