Opening a Company and get sponsorship to live in Thailand

panama88

Active member

Member since 06 November 2014

panama88

22 January 2015 20:59:34

panama88

22 January 2015 20:59:34

Hello!

Some people told me that opening a Company and get sponsorship to live in Thailand is a nightmare, other said it just takes $1k per year - plus taxes of course - and you are all set.

Some background info: married, working online, so location is not that important. However, we do need to travel quite often for work, so we would enter/exit Thailand often. Being a perpetual tourist does not look appealing to us, that leaves you 100% at the mercy of the immigration policy.

If you have experience with opening a Company in Thailand, being sponsored by it, and the associated costs. it would be really great to hear from you. THANK YOU SO MUCH!

Asian Business Brokers

23 January 2015 05:47:22

Asian Business Brokers

23 January 2015 05:47:22

The upfront price to set a company up in Thailand depends upon who you use to do it for you. People typically quote 50,000 baht. My accountant charges me 23,000 baht and he takes about a week to do it. Sponsorship? Think you are talking about a work permit. There are additional requirements, notably 4 employees in the social system, and minimum company set up 2 mil baht limited liability (doesn't need to be cashed up). And, records that your 4 employees have been in the system for at least 6 months. When you meet that requirement, you are ready to apply for a work permit.

I should also point out, that the company setup rules were changed recently, and it's now possible for a foreigner to hold 51% share in the company, not as previously 49%. Still need two other Thai nationals to set it up though.

Asian Business Brokers

16 February 2015 11:17:48

Asian Business Brokers

16 February 2015 11:17:48

Small correction to the last post, foreigners can now own up to 60% of a company in Thailand

panama88

Active member

Member since 06 November 2014

panama88

16 February 2015 22:14:15

panama88

16 February 2015 22:14:15

Thank you so much! That is great news. Can you please mention an official Thai source/website which states those changes? THANKS!

Asian Business Brokers

17 February 2015 03:23:39

Asian Business Brokers

17 February 2015 03:23:39

I haven't got a Thai Government reference, but will endeavour to get one and post it here for you. But, I personally own 60% share of my own company, and my accountant told me it was only a new amendment to the Act. Here is a reference to it that I found on the internet. http://www.bia.co.th/005.html

Will try and get something from my accountant and post it here.

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