Question On Salary For Wp

[tool84]

Hi,

I looked and I believe for a Canadian national the salary needs to be at least 50 000 baht per month. The only thing I'm wondering as I couldn't find is if this salary can come as a dividend. Also what if the salary/dividend comes from a holding company in Hong Kong or Singapore that owns the Thai company?

Thanks

[Maestro]

It is for one-year extensions of stay for the reason of employment that Thai immigration specifies a minimum monthly salary but there have been reports that in some provinces the Department of Employment uses the same salary requirement for some types of work permit. Obviously, for a work permit for employment in Thailand your salary must be paid by a Thai employer.

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[tool84]

Sorry I wasn't clear enough. I mean when it's your business and you want a work permit from it. Will paying yourself in dividend count as a salary.

[BrianCR]

The salary required for a work permit (other than teaching) varies with your nationality and is payable on that amount regardless of how much you actually earn IF, but only if you wish to renew the WP and visa the following year. To renew you have to produce the tax receipt stating that the correct amount has been paid if, you do not wish to renew you can pay tax on what you actually earned but, you will be refused a renewal - thank you and good morning!

[Mario2008]

Not sure dividend will be considered salary, might be considered income from investment or which no WP is required. But you would need another reason to stay in Thailand than work.

[ubonjoe]

Their is no minimum salary requirement to get a work permit according to the regulations.

Their is a minimum salary requirement to get an extension of stay to work at immigration.

For a new start up company you will not be able to get an extension of stay for at least a year meaning you will have to use a multiple entry B visa and make border runs for that first year.

[PoorSucker]

What you need is personal corporation income Tax (PND.1) in latest 3 months and personal income tax for previous year (PND.91) with receipt.

This must show your income at 50.000 baht.

Extension of Thai Business Visa
The Thai "B" or Business Visa can be extended to a one year visa in country as follows.
The extension of the visa is normally based on employment and as such there are certain regulations governing the company who is employing you.

These are the regulations for the extension of the "B" Business Visa:
1. The business must be registered in Thailand.
2. The company must be capitalized to at least Baht 2 Million while operating fund must be at least Baht 1 Million.
3. The company must have a ration of at least 4 : 1 - Four Thais for every foreigner.
4. You must earn at least in accordance with the level specified for each nationality by the Labour Department.

Duration of the Extension
- One year at a time.

Documents required for the extension:
1. Application form (T.M. 7 )
2. Passport or document used in lien of passport and its copies .
3. The applicants 4 x 6 cm. photograph .
4. Extension fee Baht 1,900.-
5. The company letters certifying as follows ;
- Nature of business
- Reason or necessity in employing the applicant his / her position, salary and education background.
- Number of Thai and foreign employees.
6. Copies of work permit or receipt of work permit application.
7. Company's annual balance sheets.
8. The juristic persons Annual Income Tax Declaration Form (Form No.50) of the latest year and its receipt of payment.
9. Thai employees Monthly Income Tax Declaration Form (Form No.1 ) of the latest month and its receipt of payment.
10. The applicants Annual Income Tax Declaration Form (Form No.91) of the latest year and its receipt of payment.
11. The official letter that certify the registration of such juristic person.
12. Business Registration or Business License.
13. Value Added Tax Registration and list of share holders.
14. A map that indicate location of the Company.
15. For those who operate export business, the documentary evidence clarifying its export activities is needed.
16. For those who operate tourism business, the documentary evidence clarifying its total number of tourist that brought in by the company is needed.

Some Immigrations offices.
17. Picture of all the company's employees at work
18. Picture of all company's employees in front of the office with clear name of the company showing

N.B. In case of necessity , documents No.7 , 8 , 9 , and 10 can be substituted by the company letters stating its reason.

[Maestro]

Where a government requirement specifies salary you cannot substitute dividends for salary. The fact that you "own" the company makes no difference.

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