machesta Posted October 8, 2013 Share Posted October 8, 2013 I am wondering if I can set up a Business that I am the only person working? From my home. Link to comment Share on other sites More sharing options...
Sceptict11 Posted October 8, 2013 Share Posted October 8, 2013 Doing what ? Link to comment Share on other sites More sharing options...
machesta Posted October 8, 2013 Author Share Posted October 8, 2013 online freelance stuff Link to comment Share on other sites More sharing options...
Sceptict11 Posted October 8, 2013 Share Posted October 8, 2013 The answer is no ! You will never be able to operate a legal , one man business, in Thailand doing freelance on line "stuff" Wait for the experts they may offer more positive advise. Link to comment Share on other sites More sharing options...
paz Posted October 8, 2013 Share Posted October 8, 2013 The answer is no ! You will never be able to operate a legal , one man business, in Thailand doing freelance on line "stuff" Actually a foreigner cannot operate any business, or activity, or playing, or anything esle really, as a one-man business. Will always need to form a company, give majority of shares to a Thai, and employ 4 Thais if he/she intends to work. Assuming that said work is not a reserved occuation, in which case it can't be done under no circumstances. Nice isn't ? Link to comment Share on other sites More sharing options...
machesta Posted October 8, 2013 Author Share Posted October 8, 2013 How lame. Link to comment Share on other sites More sharing options...
Soutpeel Posted October 8, 2013 Share Posted October 8, 2013 The answer is no ! You will never be able to operate a legal , one man business, in Thailand doing freelance on line "stuff" Actually a foreigner cannot operate any business, or activity, or playing, or anything esle really, as a one-man business. Will always need to form a company, give majority of shares to a Thai, and employ 4 Thais if he/she intends to work. Assuming that said work is not a reserved occuation, in which case it can't be done under no circumstances. Nice isn't ? Actually your wrong...you could set up a representative office of a foreign established company without needing to comply with the ltd company criteria, however the Rep office needs to be sourcing local Thai products/services, needs to repatriate THB around 5 million into Thailand over 3 years and can only operate the rep office for a period of 5 years and bascially cannot invoice from Thailand... therefore under this model, one could be a 1 man band in Thailand and even get a WP, could the OP use this model for what he has in mind...most likely not Under a limited company its not always 4 employees...it could be THB 1.0million capitalisation and two employees, if the person setting this up is married to a Thai national, as opposed to 4 employees and THB 2.0 million capitalisation.. Link to comment Share on other sites More sharing options...
Soutpeel Posted October 8, 2013 Share Posted October 8, 2013 How lame. curious to know why you this its lame ? Link to comment Share on other sites More sharing options...
machesta Posted October 8, 2013 Author Share Posted October 8, 2013 Soutpeel: This is very lame because they make it so difficult for a guy to live in Thailand, and have a small biz for himself. Not everybody comes here with a huge pension and bank account. Link to comment Share on other sites More sharing options...
Soutpeel Posted October 8, 2013 Share Posted October 8, 2013 Soutpeel: This is very lame because they make it so difficult for a guy to live in Thailand, and have a small biz for himself. Not everybody comes here with a huge pension and bank account. let me challange this by asking how many other countries in the world let you do what you want to do, if your not a citizen or PR of said country ? Why dont you try Cambodia ?....US $ 250/yr and you can do pretty much want you want to do....for now at least Link to comment Share on other sites More sharing options...
simon43 Posted October 8, 2013 Share Posted October 8, 2013 It's perfectly legal for a Thai national to register a sole-trader business (Book khon tamada), and then employ a foreigner in that business, (provided that their work is not on the restricted list). Of course, many 'farang' lawyers will not tell you that, because they want you to pay them to register a Thai ltd company. The upside of a sole-trader business is minimum accounting and tax liabilities. The downside is that the business owner has no limited liability protection. Simon 1 Link to comment Share on other sites More sharing options...
machesta Posted October 8, 2013 Author Share Posted October 8, 2013 If Cambodia had a decent Hospital System, they would be a viable alternative, maybe. Link to comment Share on other sites More sharing options...
mahjongguy Posted October 8, 2013 Share Posted October 8, 2013 (edited) "Actually a foreigner cannot operate any business, or activity, or playing, or anything esle really, as a one-man business. Will always need to form a company, give majority of shares to a Thai, ..." Americans can form a company under the Amity Treaty without the need for Thai partners. While that's convenient, it doesn't change the overriding fact that the business must have a certain level of Thai employees/payroll before requesting a work permit for yourself. So the answer remains No. Edited October 8, 2013 by mahjongguy Link to comment Share on other sites More sharing options...
Soutpeel Posted October 8, 2013 Share Posted October 8, 2013 If Cambodia had a decent Hospital System, they would be a viable alternative, maybe. http://www.royalangkorhospital.com/en/default.asp Beleive they are tied up with the Bangkok group of hospitals Link to comment Share on other sites More sharing options...
Soutpeel Posted October 8, 2013 Share Posted October 8, 2013 "Actually a foreigner cannot operate any business, or activity, or playing, or anything esle really, as a one-man business. Will always need to form a company, give majority of shares to a Thai, ..." Americans can form a company under the Amity Treaty without the need for Thai partners. While that's convenient, it doesn't change the overriding fact that the business must have a certain level of Thai employees/payroll before requesting a work permit for yourself. So the answer remains No. Except if they set up a Rep office then Thai employee/pay role rules dont apply to get a WP... Link to comment Share on other sites More sharing options...
paz Posted October 8, 2013 Share Posted October 8, 2013 "Actually a foreigner cannot operate any business, or activity, or playing, or anything esle really, as a one-man business. Will always need to form a company, give majority of shares to a Thai, ..." Americans can form a company under the Amity Treaty without the need for Thai partners. While that's convenient, it doesn't change the overriding fact that the business must have a certain level of Thai employees/payroll before requesting a work permit for yourself. So the answer remains No. Since we're placing dots on the I's: Current Status The Amity Treaty, which was signed in 1966, expired on 01 January 2005 as a result of Thailand’s WTO commitment. The Amity Treaty has not been renewed or officially extended. Due to a WTO rule which prohibits special treatment towards nationals of a particular country, Thailand cannot officially maintain the Amity Treaty while also being a WTO member. However, despite its expiration, the Thai government has stated that it will continue to honor the Amity Treaty’s provisions. Moreover, the US government continues to encourage American investors to utilize the Amity Treaty. It is currently uncertain how long Thailand will continue to honor the Amity Treaty, but no indication has yet been made that this policy will cease. It is also uncertain how the status of companies registered under the Amity Treaty after 2005 would be affected if Thailand ceases to allow American investors to set up companies under the treaty ("Treaty Companies"). http://www.mydestination.com/phuket/6182777/legal-matters-us-thai-amity-treaty-an-overview Link to comment Share on other sites More sharing options...
thairookie Posted October 8, 2013 Share Posted October 8, 2013 It's perfectly legal for a Thai national to register a sole-trader business (Book khon tamada), and then employ a foreigner in that business, (provided that their work is not on the restricted list). Of course, many 'farang' lawyers will not tell you that, because they want you to pay them to register a Thai ltd company. The upside of a sole-trader business is minimum accounting and tax liabilities. The downside is that the business owner has no limited liability protection. Simon Is estate agent on the restricted list ? I see many farangs, including Russians, running most of the property agencies in downtown Pattaya. Link to comment Share on other sites More sharing options...
daveyravey Posted October 9, 2013 Share Posted October 9, 2013 Can someone point me to where i will find details about the fact that being married to a Thai National allows you to get a workpermit with 2 employees and 1million baht capital. Link to comment Share on other sites More sharing options...
Maestro Posted October 9, 2013 Share Posted October 9, 2013 Is estate agent on the restricted list ? I see many farangs, including Russians, running most of the property agencies in downtown Pattaya. The latest list I can find is here: http://www.thaivisa.com/forum/topic/90291-update-of-restricted-occupation-for-foreigners/#entry959386 Link to comment Share on other sites More sharing options...
mallyrd Posted October 9, 2013 Share Posted October 9, 2013 Can someone point me to where i will find details about the fact that being married to a Thai National allows you to get a workpermit with 2 employees and 1million baht capital. As far as I am aware there is no need to deposit 1 million Baht at all. The 1 million can just be the registered capital of the company. Link to comment Share on other sites More sharing options...
ubonjoe Posted October 9, 2013 Share Posted October 9, 2013 Can someone point me to where i will find details about the fact that being married to a Thai National allows you to get a workpermit with 2 employees and 1million baht capital. Department of Employment regulations of 2004. http://www.thaivisa.com/forum/department-employment-regulations-t18599.html&p=188450/But is has been reported that previous government made changes to regulations in 2010/ 2011 but were not made public so I have not seen them. Link to comment Share on other sites More sharing options...
Soutpeel Posted October 9, 2013 Share Posted October 9, 2013 Can someone point me to where i will find details about the fact that being married to a Thai National allows you to get a workpermit with 2 employees and 1million baht capital. As far as I am aware there is no need to deposit 1 million Baht at all. The 1 million can just be the registered capital of the company. Yeap its capitalisation, not cash...but I do believe some goverment departments are asking for "X" amount of cash as well in some cases Link to comment Share on other sites More sharing options...
.png.3b3332cc2256ad0edbc2fe9404feeef0.png)
.thumb.jpg.bc523c85a8d558dbc282dca7a2e602c9.jpg)
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now