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WHat are requirements for falangs opening up company'

Is it still you need to have 2 thai employees? What else...how much money are we talking about approximately.....

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1 hour ago, parafareno said:

What else...how much money are we talking about approximately..

If you want to make a little money, make sure you start with a lot!

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if married to a thai 2 are enough, and it cost around 50k inc wp..

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If American, check the Treaty of Amity (spelling ) on the US Govt Embassy ( Thailand ) website. You can own company 100% WITH some restrictions - mainly Thai protected occupations, Thai employee requirements

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On 10/13/2019 at 9:30 AM, parafareno said:

WHat are requirements for falangs opening up company'

Is it still you need to have 2 thai employees? What else...how much money are we talking about approximately.....

the requirements for farangs opening a company are the same as for Thais with the exception of farang can only own up to 49% of the company (don't know the rules for Americans under the Amity treaty).

the number of employees and salary has nothing to do with the business registration, only with work permit for the farang

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G. The quick and short answer is do not do it until Thailand is stable! Even then wait a few years and see

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Last time I checked on top of 2 Thai employee and the limit of 49% ownership you need to invest 2,000,000 or 1,000,000 if maried. I concluded that even if I employed my Thai familly this is a losing proposition. Too risky if your goal is to show a profit. 

Edited by Tayaout

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8 hours ago, Tayaout said:

Last time I checked on top of 2 Thai employee and the limit of 49% ownership you need to invest 2,000,000 or 1,000,000 if maried. I concluded that even if I employed my Thai familly this is a losing proposition. Too risky if your goal is to show a profit. 

well ypu not really need to invest 1 million... i started my company 10 years ago and a new one just a few weeks ago np one check ypur bank book

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11 hours ago, kralledr said:

well ypu not really need to invest 1 million... i started my company 10 years ago and a new one just a few weeks ago np one check ypur bank book

I was looking to start a company for visa purpose. You are right that you don't need any investment to simply register a company. 

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...and eventually you will have to close the company?

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5 hours ago, VocalNeal said:

...and eventually you will have to close the company?

why, if he pays the year end tax no issues.. no where there is a rule that the company need to make any profit 😉

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