Export Only

[Buncer]

Hi all,

Can someone clarify if it's possible for a Thai based export company to be 100% foreign owned ?

Thanks

[~G~]

Yes.

[Buncer]

Thanks for that G,

Would you still need 2 Mil Baht capitalisation and work permit if you were purely sourcing goods for export ?

thanks

Mike

[~G~]

Thanks for that G,

Would you still need 2 Mil Baht capitalisation and work permit if you were purely sourcing goods for export ?

thanks

Mike

You need a work permit to legally work here. If you are merely visiting trade fairs, markets or factories, I wouldn't bother about it, but if you'll have some kind of operation running here (staff, office) it might be a good idea to do it properly.

The Company sponsoring the WP needs to be capitalized by 2M for the WP, unless you're married to a Thai, in which case one 1M is required.

If you do not need to invoice here you can open a Represetative Office instead of a company. I am not sure about the proceudre, but it does involve showing solid records of the offshore company.

Edited March 8, 2006 by ~G~