pritch84 Posted October 28, 2013 Share Posted October 28, 2013 I'm debating setting up a business with an older gentlemen. He has a tax number as he worked here a lot of years ago for some big companys. Hes been here 20 years. We are proposing I take the work permit and he simply works and if requested flashes his tax id card to appease officials. Does this sound legitimate? Thanks Link to comment Share on other sites More sharing options...
ubonjoe Posted October 28, 2013 Share Posted October 28, 2013 A tax ID will not serve as a work permit. He needs a work permit. Link to comment Share on other sites More sharing options...
pritch84 Posted October 28, 2013 Author Share Posted October 28, 2013 ok thanks! :/ so is that majorly expensive to get 2 work permits compared to 1? ive been quoted approx 33 for business registration and wp for just me. Link to comment Share on other sites More sharing options...
digitalchromakey Posted October 28, 2013 Share Posted October 28, 2013 Simple answer - No. A tax code alone means nothing, if your older employee is a foreigner then the old tax code card will not help at all if he is asked to show a work permit. Link to comment Share on other sites More sharing options...
ubonjoe Posted October 28, 2013 Share Posted October 28, 2013 A work permit requires 4 Thai employees and an additional 2 million baht of registered. The work permit costs 3000 baht for a year. I can't tell you what a lawyer will charge you. Link to comment Share on other sites More sharing options...
pritch84 Posted October 28, 2013 Author Share Posted October 28, 2013 But for 2 work permits? How much more expensive is it likely to get? 34 approx for business registration and 1 work permit so anyone got a clue how much for reg and 2 wp? Link to comment Share on other sites More sharing options...
digitalchromakey Posted October 28, 2013 Share Posted October 28, 2013 ok thanks! :/ so is that majorly expensive to get 2 work permits compared to 1? ive been quoted approx 33 for business registration and wp for just me. Work Permits each cost 3,100 for one year, but the are 'hidden' costs like the charge for extra capitalisation of 2 million THB and so on. Link to comment Share on other sites More sharing options...
pritch84 Posted October 28, 2013 Author Share Posted October 28, 2013 but I dont actually need 2 million baht extra right? Just a few extra setup fees? So is it feasable to get this setup on less than 50k baht for example? Link to comment Share on other sites More sharing options...
digitalchromakey Posted October 28, 2013 Share Posted October 28, 2013 (edited) but I dont actually need 2 million baht extra right? Just a few extra setup fees? So is it feasable to get this setup on less than 50k baht for example? Correct, but I have no idea what your accountant/lawyer/agent will charge, but for sure it will be more than the cost price. The actual government cost to register an extra 2 million of capitalisation at start up is around 12,000 THB. Edited October 28, 2013 by digitalchromakey Link to comment Share on other sites More sharing options...
pritch84 Posted October 28, 2013 Author Share Posted October 28, 2013 ok, thank you all for your advice Link to comment Share on other sites More sharing options...
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