parafareno Posted October 13, 2019 Share Posted October 13, 2019 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..... Link to comment Share on other sites More sharing options...
FritsSikkink Posted October 13, 2019 Share Posted October 13, 2019 Have a read here: https://www.siam-legal.com/Business-in-Thailand/business-in-thailand.php Link to comment Share on other sites More sharing options...
PatOngo Posted October 13, 2019 Share Posted October 13, 2019 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! Link to comment Share on other sites More sharing options...
maisodni Posted October 13, 2019 Share Posted October 13, 2019 I would suggest that you look here: https://www.thaistartup.com/incorporation.php Link to comment Share on other sites More sharing options...
kralledr Posted October 13, 2019 Share Posted October 13, 2019 if married to a thai 2 are enough, and it cost around 50k inc wp.. Link to comment Share on other sites More sharing options...
edwardflory Posted October 14, 2019 Share Posted October 14, 2019 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 Link to comment Share on other sites More sharing options...
LukKrueng Posted October 14, 2019 Share Posted October 14, 2019 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 Link to comment Share on other sites More sharing options...
Darkside Gray Posted October 14, 2019 Share Posted October 14, 2019 Farangs,Falangs! Why do so many expats here want to call themselves by a derograty term? Link to comment Share on other sites More sharing options...
kevinmartyn Posted October 14, 2019 Share Posted October 14, 2019 G. The quick and short answer is do not do it until Thailand is stable! Even then wait a few years and see Link to comment Share on other sites More sharing options...
Tayaout Posted October 14, 2019 Share Posted October 14, 2019 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. Link to comment Share on other sites More sharing options...
kralledr Posted October 14, 2019 Share Posted October 14, 2019 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 Link to comment Share on other sites More sharing options...
Lacessit Posted October 15, 2019 Share Posted October 15, 2019 Plenty of money. Link to comment Share on other sites More sharing options...
Tayaout Posted October 15, 2019 Share Posted October 15, 2019 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. Link to comment Share on other sites More sharing options...
VocalNeal Posted October 15, 2019 Share Posted October 15, 2019 ...and eventually you will have to close the company? Link to comment Share on other sites More sharing options...
kralledr Posted October 15, 2019 Share Posted October 15, 2019 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 ???? Link to comment Share on other sites More sharing options...
VocalNeal Posted October 15, 2019 Share Posted October 15, 2019 No not the point. If a company is registered I suppose it can stay open forever, but may need to be closed one day which is not free as such. As for profit. If a WP is involved they (immigration) seem to want to see some company income. Which I suppose could be paid to oneself. I'm not that clever. Link to comment Share on other sites More sharing options...
Tayaout Posted October 15, 2019 Share Posted October 15, 2019 8 minutes ago, VocalNeal said: No not the point. If a company is registered I suppose it can stay open forever, but may need to be closed one day which is not free as such. As for profit. If a WP is involved they (immigration) seem to want to see some company income. Which I suppose could be paid to oneself. I'm not that clever. Then you need to pay income tax. If you can only own 49%, need 2 Thai and need invest some money it quickly get expensive and risky. Might as well start the company in a low tax country then bring back the profit tax free the next calendar year and buy elite visa. Link to comment Share on other sites More sharing options...
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