IT companies overseas sometimes need to deploy software developers to Thailand when they do not have a legal entity here. There are many solutions you can explore. What is the best one for you to relocate an IT team to Thailand depends on how many people and how much time you have.
The first option is to use EOR (employer of record) service, which definitely is the fastest way to deploy software developers to Thailand. However, is it legal? You may discuss this with us at ThaiLawyers. You will be able to make an informed decision on whether to use the EOR services. The second way is to set up your own entity with the promotion from the Board of Investment. We can also help you with a Thailand BOI company registration, which will allow you to own the company 100%. However, it may take a few months before you can relocate an IT team to Thailand. The third way, which many other law firms like to use, is to set up a Thai majority company, with nominee Thai shareholders. This way, it may be fast and there are ways you can have a full control over the company, but is it safe? For sure it is illegal to use nominee shareholders.
The advantage of using EOR (employer of record) service to move your IT people to Thailand is you can do it fast. However, it is much more expensive than setting up your own BOI company, which will allow you to hire many foreign IT professionals without worrying about hiring so many Thai employees. In contrast to the EOR service, you will need to spend a lot of money on the yearly maintenance of your BOI promoted entity. That is to say, if you have a few IT guys to relocate to Thailand, using EOR service may be cheaper than having a BOI company. If you have to deploy a lot of software developers to Thailand, then a BOI company registration will prove to be much cheaper in the long run.
Contact ThaiLawyers today for the best foreign ownership solutions or if you have any questions about EOR services, nominee shareholders and BOI company registration.