October 30, 201312 yr I have been considering doing some work as i have been bored. Since i want to be legal and get a wp i wanted to post the info and make sure i am not missing anything? Company with vat registration....done pay SS for 4 employees 8% of 9000 baht pay SS on salary for myself 8% 50,000 baht if married.....Is this correct Have a accountant prepare the paperwork for WP office.....8000 baht Have accountant take care of monthly paperwork 2000 baht the above is what i believe is needed please let me know if something is missing.... In regards to job description how descriptive or vague can you be? Example only: Lets say you want to breed and sell dogs but you also want to sell pet accessories, build dog houses and offer offsite dog training. Can you add all this to your job description? I also thought that a wp is location specific so if your job requires visiting the client how does that read?
October 30, 201312 yr If you are married to a Thai you would only need a salary of 40k baht to get an extension of stay based upon marriage. The 50k salary is for an extension based upon working which a new company will not qualify for because it requires a full year of tax records. There is no minimum salary requirement for a work permit. You need to be careful that job description does not put you into one of the professions limited to Thai's only. During the work permit application process you can have it state that your job requires you to work at various locations. Can't help you on legal fee costs.
October 30, 201312 yr Author Just so i understand? I have my marriage extension already for a few years. I do know that it is 40k or 400,000 deposit. I dont need to show a minimum salary from the company also showing payments to ss?
October 30, 201312 yr The actual annual cost of a Work Permit is 3,100 THB so you will have to gauge if the 8,000 fee your lawyer is charging for collecting together a few papers is reasonable (I assume the 3,100 is included). Strictly speaking, employees should meet half of the % Social Insurance contribution themselves. There is an annual payment to Social Insurance based on ( as I recollect) a small % of the salaries of your Thai Employees. If you are a director of a company, then you will not be able to make social security payments for yourself, Social will not accept them. Social expect Shareholder Directors to take care of their own medical costs/insurance plus will not insure Company Directors for redundancy/unemployment payments for obvious reasons. Accountant Fees are resonable, however expect an additional charge for annual accounts and audit. Who is paying the Revenue Dept for your salary tax plus the Company's Half Yearly and Annual Tax Returns (is calculation and payment of this included in the 2,000 THB pcm fee?). Job Description will need to be specific and relate to an area of work covered by the Company's Articles of Association (document that was registered with the Commerce Dept when your caompany was formed). The job descrption can be somewhat ambiguous (consultant, taking care of clients, etc) and as UJ has already posted, there are quite a few areas that non Thais are expluded from working in. Re your second post, yes, at extension time as you are working you will need to show your monthly income is 40k THB+ to Immigration via annual (PND 91) and monthly (PND 1) tax returns. Edited October 30, 201312 yr by digitalchromakey
October 30, 201312 yr Just so i understand? I have my marriage extension already for a few years. I do know that it is 40k or 400,000 deposit. I dont need to show a minimum salary from the company also showing payments to ss? If you can do your extensions with other income or money in the bank you could pay yourself the minimum salary for Thais if you wanted to. Since you are a part owner of company you can take profits for your salary. But if you wanted to use your salary to apply for citizenship you would need a minimum of 40k baht for 3 years.As I said there is no minimum salary to get a work permit. The 50k number is only for work extensions. Teachers for example don't have to meet any minimum salary for their extensions.
October 30, 201312 yr Author I am not a officer of the company and it is strictly thai owned. My wife is the director so she can not contribute to ss or is this strictly a rule for falangs? I will need to be on payroll as i would like to have the citizenship option. The company was set up to import and sell retail products which is vague. lots of good info thanks
October 30, 201312 yr Author Just so i understand? I have my marriage extension already for a few years. I do know that it is 40k or 400,000 deposit. I dont need to show a minimum salary from the company also showing payments to ss? If you can do your extensions with other income or money in the bank you could pay yourself the minimum salary for Thais if you wanted to. Since you are a part owner of company you can take profits for your salary. But if you wanted to use your salary to apply for citizenship you would need a minimum of 40k baht for 3 years.As I said there is no minimum salary to get a work permit. The 50k number is only for work extensions. Teachers for example don't have to meet any minimum salary for their extensions. Is it still one year as opposed to three with children?
October 30, 201312 yr I am not a officer of the company and it is strictly thai owned. My wife is the director so she can not contribute to ss or is this strictly a rule for falangs? I will need to be on payroll as i would like to have the citizenship option. The company was set up to import and sell retail products which is vague. lots of good info thanks Ok, so it's your wife that will have to pay for her own medical care/insurance bills, since this rule also applies to Thai Director/Shareholders. As an employee you will then be able to make social insurance payments against your tax declared salary and receive due benefits accordingly. I was once told that Thais can pay the health care part of social insurance and then get benefit but every time I enquire for my wife who is a Thai Director of my Company, always get the same blank looks then direct refusals. Looking to the future as regard citizenship then the higher your salary declared for tax the better, I often read that something > 80k THB pcm is a good figure to declare.
October 30, 201312 yr Just so i understand? I have my marriage extension already for a few years. I do know that it is 40k or 400,000 deposit. I dont need to show a minimum salary from the company also showing payments to ss? If you can do your extensions with other income or money in the bank you could pay yourself the minimum salary for Thais if you wanted to. Since you are a part owner of company you can take profits for your salary. But if you wanted to use your salary to apply for citizenship you would need a minimum of 40k baht for 3 years.As I said there is no minimum salary to get a work permit. The 50k number is only for work extensions. Teachers for example don't have to meet any minimum salary for their extensions. Is it still one year as opposed to three with children? Yes, you are eligible to apply for citizenship after one year with children and three without but you still need the three full calendar years of work permit and tax receipts earning at least 40k a month. You also need among other things a tabian baan and receipts for charitable donations made over a period of time. Bear in mind that you are likely to be subjected to greater scrutiny, if your income is bang on 40k a month, to ensure you haven't slipped below that, even for a millisecond. That applies to the period after application until the end of the process too. You could be asked to update your tax receipts, WP and employment letter at any time. Job description for WP should not be too specific. Bear in mind that expert and management positions qualify for WPs, but doing menial work doesn't. So its best to be a general manager responsible for all aspects of the company's administration, sales and marketing or something like that. SS exclusion for directors and shareholders applies to Thais as well as foreigners. SS insurance is over generous and the fund is likely to be bankrupt when a critical mass of retirees starts claiming and it becomes apparent that the investments have been incompetently or fraudulently managed. So they want to keep out as many people as they can. SS has to be paid on minimum salaries of 15k a month for bachelors graduates and 9k for others. Although the minimum wage is 300 a day and you are not allowed make employees work without a holiday a week, they are likely to investigate and harass you, if you try to pay only 300 a day times 5 or 6 days a week.
Create an account or sign in to comment