New rule only 6 month visa?

[2008bangkok]

Can anybody clarify the following:

Our company has branches worldwide our thai branch is more of a service company who does not invoice any customers directly we just do support, dev work etc.

Is it true now since the new year that the company (thai branch) must earn more than 1million baht per year revenue in order to renew work permit for 1 year otherwise only 6 months will be issued?

[Soutpeel]

Don't know how true it is but it makes perfect sense in some respects

[2008bangkok]

Don't know how true it is but it makes perfect sense in some respects

Well perfec sense would be to not allow any work permits if under 1mil, to give 6 months and need it renewed every 6 months make no sense at all

[ubonjoe]

I have not heard of any work permit rule changes being done. But it could be specific to one work permit office making their own rule.

[2008bangkok]

I have not heard of any work permit rule changes being done. But it could be specific to one work permit office making their own rule.

This info was from a well know firm based in bangkok renewing in bangkok..

Strange

[2008bangkok]

Who have been known to give us wrong info many times

[Chao Lao Beach]

I beleive ti says 1 million decred capital per work perfomt for those companies. I read it last week.

[ubonjoe]

Normally it is 2 million baht registered capital. Not sure about a representative office though.

[2008bangkok]

Normally it is 2 million baht registered capital. Not sure about a representative office though.

I dont mean registered capital I mean the company must have 1mil per year income

[yankee99]

gross income or net?

[horsewell]

@yankee99 that is exactly my question.

[Soutpeel]

Normally it is 2 million baht registered capital. Not sure about a representative office though.

I don't believe this is to do with capitalisation of a company but to do with actual turn over/ cash flow in the company, one suspects there are many WP issued against what are essentially shelf companies, that don't do any real business

A proper rep office needs at total of thb 5 million repatriated into Thailand, the first 3 million in the first two years of operation

I think this "rule" if legimate relates of operating limited company and turnover in the company, nothing to do with rep offices

[Soutpeel]

gross income or net?

Based on what the op stated guess it would be gross

[Nemesis7]

They change the rules as they feel and makes sense to them. Best bet will be calling up the office or simply talk to a Immigration lawyer

[Thomas Hannah]

This would not surprise me.Thai logic.Pay for the same 2 times a year.Ask yourself.How many thai businesses make 1 million a year.Thailand looks to rip off the farang at every opportunity.Permits, Visa,licience.And anything else that they can get away with.

[yankee99]

This would not surprise me.Thai logic.Pay for the same 2 times a year.Ask yourself.How many thai businesses make 1 million a year.Thailand looks to rip off the farang at every opportunity.Permits, Visa,licience.And anything else that they can get away with.

Really grossing 1m is small money. Salaries alone would be more then 1m.

[YeaBiGgiEs]

I have not heard of any work permit rule changes being done. But it could be specific to one work permit office making their own rule.

This info was from a well know firm based in bangkok renewing in bangkok..

Strange

So! Charles Manson is well known too, would you believe what he says? Immigration doesnt even know the changes BUT at the end of the day as inconveniant it is.. renew twice a year

[silverton42]

Your ( foreign ) minimum salary 50 000 baht + 4 x min. Thai people salary 4 x 9 000 baht = 86 000 baht a month x 12 = 1 032 000 baht that company can pay yearly minimum salary. Could that be the point.

[2008bangkok]

Your ( foreign ) minimum salary 50 000 baht + 4 x min. Thai people salary 4 x 9 000 baht = 86 000 baht a month x 12 = 1 032 000 baht that company can pay yearly minimum salary. Could that be the point.

In not sure salary is classed as revenue that's a outgoing expense rather than incoming revenue

[yankee99]

Your ( foreign ) minimum salary 50 000 baht + 4 x min. Thai people salary 4 x 9 000 baht = 86 000 baht a month x 12 = 1 032 000 baht that company can pay yearly minimum salary. Could that be the point.

In not sure salary is classed as revenue that's a outgoing expense rather than incoming revenue

I think the point is a company would need at least 1m in revenue to make the minimum required wage.

[ronthai]

A workpermit for a farang is 2 million baht investment (+ 4 useless Thai staff)

Why start a company if you can not even make 1 million sales/profit?

[MacWalen]

Your ( foreign ) minimum salary 50 000 baht + 4 x min. Thai people salary 4 x 9 000 baht = 86 000 baht a month x 12 = 1 032 000 baht that company can pay yearly minimum salary. Could that be the point.

That makes sense.

[jcisco]

Your ( foreign ) minimum salary 50 000 baht + 4 x min. Thai people salary 4 x 9 000 baht = 86 000 baht a month x 12 = 1 032 000 baht that company can pay yearly minimum salary. Could that be the point.

In not sure salary is classed as revenue that's a outgoing expense rather than incoming revenue

errrr did you not state that the office is a representative office and the corporate is registered as such. Would that not make all financial activity an expense, since the company would only be able to receive cash via the foreign entity it represents or via changes to its capita

It would be interesting to classify any incoming funds to the company as anything other than operating expenses. Since the company is not invoicing clients and shouldn't be financial reporting point anyways, especially in Thailand. Much better to deliver the services under far more favorable environments.

[Maestro]

I'd like to see this Thai company's statement of income and expenses. The money being paid out as salaries to the staff obviously must come from somewhere. A company, member of an international group of companies, having only expenses and no income looks highly suspicious (tax avoidance?)