nicelee808 Posted January 14, 2015 Share Posted January 14, 2015 Hi All, I've been living in Thailand for 2 years, I have a Non-O extension based on marriage, I'm thinking of opening a company or getting my wife to open a company and teaching English privately, as the demand seems to be quite high. I'm from the UK, I don't have a degree. Can anyone advise me on where I should start. Also I don't know much at all about having a company here or the work permit situation. Thanks in advance. Link to comment Share on other sites More sharing options...
Popular Post ubonjoe Posted January 14, 2015 Popular Post Share Posted January 14, 2015 You could form a 51/49 partnership with your wife and get a work permit. The partnership would need 1 million baht registered capital and have 2 Thai employees (4 at some work permit offices). You wife can be one of the employees. This guide from the BOI has a lot of useful info about company formation and etc, BusinessGuide 2014.pdf 4 Link to comment Share on other sites More sharing options...
SOTIRIOS Posted January 15, 2015 Share Posted January 15, 2015 ...experience shows that hinging everything on your wife is not prudent.... ...even with 49/51 with anyone else.... you are taking a risk unless you take precautions..... ...good luck.... Link to comment Share on other sites More sharing options...
wvavin Posted January 15, 2015 Share Posted January 15, 2015 Mate, Thailand never has a friendly policy for foreign business operators even the mega businesses. Not worth the effort and investment hassle. Since you are teaching privately, why not just do it like a home private tuitions? Zero investment! Link to comment Share on other sites More sharing options...
bobbymack Posted January 15, 2015 Share Posted January 15, 2015 Hi NiceLee You can set up a company with your wife and obtain a work permit on the basis of your marriage visa. Like the poster above says you do need 4 (2 in areas) Thai staff to support the foreign work permit. As regards the company you need 3 shareholders: you can hold 49% and you can then have 2 Thais holding the other 51% in whatever proportion you decide. You can also be the sole Director. I work as a Legal Advisor at a law company in Pattaya, having previously been a Solicitor in England for 15 years. If you want more information please feel free to pm me privately to discuss details. Link to comment Share on other sites More sharing options...
BlackJack Posted January 15, 2015 Share Posted January 15, 2015 Hi NiceLee You can set up a company with your wife and obtain a work permit on the basis of your marriage visa. Like the poster above says you do need 4 (2 in areas) Thai staff to support the foreign work permit. As regards the company you need 3 shareholders: you can hold 49% and you can then have 2 Thais holding the other 51% in whatever proportion you decide. You can also be the sole Director. I work as a Legal Advisor at a law company in Pattaya, having previously been a Solicitor in England for 15 years. If you want more information please feel free to pm me privately to discuss details. well you cant say things like this as I was banned for a few days for Spam. I suggest the original poster sit down with pen and paper and do the math How much will this cost What is the return can you pay the tax and social for all your wage wifes wage accounting fees work permit costs visa fees on going costs can you run your business for 1 year without making any profit? the list goes on and on there are many hidden costs and many unexpected visitors will come for their cut beware Link to comment Share on other sites More sharing options...
nicelee808 Posted January 15, 2015 Author Share Posted January 15, 2015 You could form a 51/49 partnership with your wife and get a work permit. The partnership would need 1 million baht registered capital and have 2 Thai employees (4 at some work permit offices). You wife can be one of the employees. This guide from the BOI has a lot of useful info about company formation and etc, BusinessGuide 2014.pdf Thanks Joe, I have no problem doing it with my wife on 51/49, as we've been together for more than 10 years and have two beautiful children, there are no trust issues what so ever, but regarding the 1 million registered capital, does this mean you must deposit 1 million baht into a company account before you start? Link to comment Share on other sites More sharing options...
nicelee808 Posted January 15, 2015 Author Share Posted January 15, 2015 Hi NiceLee You can set up a company with your wife and obtain a work permit on the basis of your marriage visa. Like the poster above says you do need 4 (2 in areas) Thai staff to support the foreign work permit. As regards the company you need 3 shareholders: you can hold 49% and you can then have 2 Thais holding the other 51% in whatever proportion you decide. You can also be the sole Director. I work as a Legal Advisor at a law company in Pattaya, having previously been a Solicitor in England for 15 years. If you want more information please feel free to pm me privately to discuss details. well you cant say things like this as I was banned for a few days for Spam. I suggest the original poster sit down with pen and paper and do the math How much will this cost What is the return can you pay the tax and social for all your wage wifes wage accounting fees work permit costs visa fees on going costs can you run your business for 1 year without making any profit? the list goes on and on there are many hidden costs and many unexpected visitors will come for their cut beware I would like to know more about the costs Link to comment Share on other sites More sharing options...
NCC1701A Posted January 15, 2015 Share Posted January 15, 2015 poke my eyes out or start a business in Thailand? Let me think about that... why not just have your wife own the whole thing... it is not worth anything... just you teaching... not like a hotel or scooter rental with fixed assets... 2 Link to comment Share on other sites More sharing options...
ubonjoe Posted January 15, 2015 Share Posted January 15, 2015 You could form a 51/49 partnership with your wife and get a work permit. The partnership would need 1 million baht registered capital and have 2 Thai employees (4 at some work permit offices). You wife can be one of the employees. This guide from the BOI has a lot of useful info about company formation and etc, BusinessGuide 2014.pdf Thanks Joe, I have no problem doing it with my wife on 51/49, as we've been together for more than 10 years and have two beautiful children, there are no trust issues what so ever, but regarding the 1 million registered capital, does this mean you must deposit 1 million baht into a company account before you start? The one million baht is the size of the partnership when you register it. You pay more to have a higher registered capital company.. It dose not have to be in the bank. Link to comment Share on other sites More sharing options...
ubonjoe Posted January 15, 2015 Share Posted January 15, 2015 Hi NiceLee You can set up a company with your wife and obtain a work permit on the basis of your marriage visa. Like the poster above says you do need 4 (2 in areas) Thai staff to support the foreign work permit. As regards the company you need 3 shareholders: you can hold 49% and you can then have 2 Thais holding the other 51% in whatever proportion you decide. You can also be the sole Director. I work as a Legal Advisor at a law company in Pattaya, having previously been a Solicitor in England for 15 years. If you want more information please feel free to pm me privately to discuss details. well you cant say things like this as I was banned for a few days for Spam. I suggest the original poster sit down with pen and paper and do the math How much will this cost What is the return can you pay the tax and social for all your wage wifes wage accounting fees work permit costs visa fees on going costs can you run your business for 1 year without making any profit? the list goes on and on there are many hidden costs and many unexpected visitors will come for their cut beware I would like to know more about the costs Your cost would be less than what he is implying because you would not have to meet the requirements to get an extension of stay based upon working. You can get a work permit and work with an extension of stay based upon marriage. The extension for working requires a lot of accounting, company documents, tax requirements and etc plus a minimum salary. 1 Link to comment Share on other sites More sharing options...
Popular Post umbanda Posted January 15, 2015 Popular Post Share Posted January 15, 2015 Open a business with your wife, you with 49% plus 50% + 1% ( 2 Thai including your wife) it is very easy. The registered capital do not need to show or to have, it is just for liability, and can be from 500.000THB. Doing in person in any DBD local office will cost about 2000THB showing just personal documentation and a business address that can be your home. The ony negative part is that needs to pay taxes every year, and depending of your CPA that will cost from 5000 to 15000THB for its service. Closing the company for any reason will cost a little more. Getting a work permit working with your wife teaching English not will be a problem, but the Labor Dept. may ask for some kind of degree or qualifications. Ask about. Good luck. 3 Link to comment Share on other sites More sharing options...
BlackJack Posted January 15, 2015 Share Posted January 15, 2015 speaking, reading and writing Thai will also help as many of the docs are in Thai Link to comment Share on other sites More sharing options...
nicelee808 Posted January 23, 2015 Author Share Posted January 23, 2015 thanks all for the replies, Does anyone no about the work permit situation, I know if you want to teach english in a school, to get a work permit you need a degree. Being this would be a private company teaching private english lessons, would the work permit people expect to see some qualifications. Link to comment Share on other sites More sharing options...
Mario2008 Posted January 23, 2015 Share Posted January 23, 2015 A WP does not require a degree, unless it is a requirement of th job itself. (You can't be a doctor if you didn't finish medical school). The requirement for some teachers to have a degree comes from the teachers council, thus labour and immigration require it too. But for teaching at a language school etc as you seem to intend to do the regulations of the teachers council do no not apply, thus no need for a degree. 1 Link to comment Share on other sites More sharing options...
nicelee808 Posted January 23, 2015 Author Share Posted January 23, 2015 A WP does not require a degree, unless it is a requirement of th job itself. (You can't be a doctor if you didn't finish medical school). The requirement for some teachers to have a degree comes from the teachers council, thus labour and immigration require it too. But for teaching at a language school etc as you seem to intend to do the regulations of the teachers council do no not apply, thus no need for a degree. thanks Mario Link to comment Share on other sites More sharing options...
nicelee808 Posted February 20, 2015 Author Share Posted February 20, 2015 You could form a 51/49 partnership with your wife and get a work permit. The partnership would need 1 million baht registered capital and have 2 Thai employees (4 at some work permit offices). You wife can be one of the employees. This guide from the BOI has a lot of useful info about company formation and etc, BusinessGuide 2014.pdf Thanks Joe, I have no problem doing it with my wife on 51/49, as we've been together for more than 10 years and have two beautiful children, there are no trust issues what so ever, but regarding the 1 million registered capital, does this mean you must deposit 1 million baht into a company account before you start? The one million baht is the size of the partnership when you register it. You pay more to have a higher registered capital company.. It dose not have to be in the bank. I've read on a couple of websites that, to support a work permit for a foreigner, you must open a company with 2 million baht registered capital, does anyone know if this is right. Link to comment Share on other sites More sharing options...
ubonjoe Posted February 20, 2015 Share Posted February 20, 2015 Since you are married to a Thai only 1 million baht registered capital is required to get a work permit. Link to comment Share on other sites More sharing options...
nicelee808 Posted February 20, 2015 Author Share Posted February 20, 2015 Since you are married to a Thai only 1 million baht registered capital is required to get a work permit. In the business guide you provided above, I read that "The payment of at least 25% of the total shares has been paid by the shareholders" do you know what this means? Link to comment Share on other sites More sharing options...
FritsSikkink Posted February 20, 2015 Share Posted February 20, 2015 A school needs a licence Link to comment Share on other sites More sharing options...
Xircal Posted February 20, 2015 Share Posted February 20, 2015 I was just reading an article about problems qualified teachers are experiencing finding work, so it may be of interest to you as well: http://www.ajarn.com/ajarn-street/articles/tossed-on-the-tefl-scrapheap/ Link to comment Share on other sites More sharing options...
Soutpeel Posted February 21, 2015 Share Posted February 21, 2015 Since you are married to a Thai only 1 million baht registered capital is required to get a work permit. In the business guide you provided above, I read that "The payment of at least 25% of the total shares has been paid by the shareholders" do you know what this means? In other words your need 250k cash minimum in the Bank for a THB 1.0 million capped company. 1 Link to comment Share on other sites More sharing options...
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