The fees involved in setting up a Thai limited company if you hire a full service professional firm are as follows: Professional fees: 1. Setting up a new company inThailand, including getting a tax ID and VAT registration – Professional fee – Baht 40,000 – 100,000 2. Getting a foreign business license (or certificate to […]
A dormant company is a registered company with no trading activities for a certain period. It is possible to register a limited company then keep it inactive since there is no time limit for keeping a company in dormant status (some refers to it as “shelf company”.) Thus, you may choose to put your company […]
How to close a Thai limited company? Some company owners decide to close down their Thai registered company either for the purpose of opening a new company or permanently cease doing business in Thailand. Whatever reasons you have for closing your Thailand business, legal, accounting and auditing assistance are required to ensure that the company […]
A very popular question among foreigners wanting to operate a business in Thailand is how much minimum capital is required to set up a company in Thailand. A lot of people also want to know whether the capital needs to actually be paid or not. If you are a foreigner and will need a work […]
The extra income from gratuity or service charges that business establishments give to its employees could not be included in the Baht 300 daily minimum wage. Because it was money from customers and not from the employer, service charges are considered as welfare under the Labor Relations Act. However, if any employer insists on including […]
The Thai Government has recently approved a 15-day paternity leave for state officials or employees whose wives have given birth to take care of the new mothers and babies. The draft royal decree permits the state officials or employees to take up to 15 days off at full salary within 30 days of the child’s […]
A foreign company engaged in international trading business can apply for registration of its representative office in Thailand. Scope of Activities of a Representative Office As required by the Thai law, the business activities that a representative office can carry out in Thailand are limited to five business activities concerning: Sourcing of goods or services […]