maesai Posted February 12, 2016 Share Posted February 12, 2016 My Thai partner is starting a sole proprietorship selling Thai goods online. I expect most of his customers will be overseas. What exactly does he need to be legal and above board? At what level of sales will he need to pay income tax and start collecting VAT on local sales? What about a fictitious name for the business? Does that need to be registered somewhere? Thank you in advance for any suggestions. Link to comment Share on other sites More sharing options...
BKKdreaming Posted February 15, 2016 Share Posted February 15, 2016 how are you planning on shipping ? That will be the big problem because the cheapest postage takes a long time and customers do not want to wait 3-4 weeks or longer Link to comment Share on other sites More sharing options...
Eric Loh Posted February 15, 2016 Share Posted February 15, 2016 Get it registered to be legal. It will be a incorporated commercial business owned and operated by a single natural (Thai) person; the proprietor. Once registered, you use the registered company name for all transactions. The tax will be paid at personal income tax rates. You are required to collect VAT but will be exempted if annual income does not exceed 1.8M Bt. Link to comment Share on other sites More sharing options...
elliottm Posted February 15, 2016 Share Posted February 15, 2016 Be careful before you provide any help as anything towards a business, unpaid or not, online or real world, even voluntary work, will require a Work Permit. That opens more requirements - job title, Thai staff, taxes etc, so think very carefully before going down this route. That (important) aside, best of luck to him. Link to comment Share on other sites More sharing options...
maesai Posted February 15, 2016 Author Share Posted February 15, 2016 Thank you for the replies. Is it simpler to set up If he does business under his own name rather than a fictitious name? Link to comment Share on other sites More sharing options...
aronp1 Posted February 15, 2016 Share Posted February 15, 2016 Anybody can buy and sell as they wish online. What is done in private is private. Link to comment Share on other sites More sharing options...
blackcab Posted February 15, 2016 Share Posted February 15, 2016 A lot of Thai people don't bother registering their business dealings. Everything is either cash or deposited into a savings account in their name. No business or accounting records, no tax, no VAT. No anything. Things only start to get complicated if they deal with large businesses that require more documentation. Link to comment Share on other sites More sharing options...
Gsxrnz Posted February 15, 2016 Share Posted February 15, 2016 A lot of Thai people don't bother registering their business dealings. Everything is either cash or deposited into a savings account in their name. No business or accounting records, no tax, no VAT. No anything. Things only start to get complicated if they deal with large businesses that require more documentation. I agree with your post. However you've grossly understated the position. "A lot" should actually read most, or the vast majority. Link to comment Share on other sites More sharing options...
Mudcrab Posted February 17, 2016 Share Posted February 17, 2016 Are you male or female? Link to comment Share on other sites More sharing options...
maesai Posted February 18, 2016 Author Share Posted February 18, 2016 Are you male or female? Why? Link to comment Share on other sites More sharing options...
Mudcrab Posted February 18, 2016 Share Posted February 18, 2016 Very different regulations apply if your Thai partner is male or female. Legally married or not? Can make a big difference. Link to comment Share on other sites More sharing options...
maesai Posted February 19, 2016 Author Share Posted February 19, 2016 Very different regulations apply if your Thai partner is male or female. Legally married or not? Can make a big difference. He is my partner in life, not business. Not married. His business will be a sole proprietorship. Link to comment Share on other sites More sharing options...
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