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07.07.2011
The cost of company registration in Thailand
"Arguments and Facts», № 8 (12) May 30 - June 12, 2011
Before taking such a drastic step, how to create a company in Thailand, it is necessary to answer a simple question, what goals you are pursuing, and therefore what would be the boundaries of the company.
Purposes for which the registered company can be, for example, the following
• for the acquisition of real estate;
• for the business organization (without the employment of foreigners);
• for the business organization (to the employment of an alien, and thus to obtain a work permit).
It is obvious that with the extension of the company grows and your expenses on its registration and maintenance. Let's face after another.
Creating a company to purchase real estate.
The cost of registering a company depends on the claimed amount of authorized capital (minimum - 1 million baht). The greater the share capital, the more money you take with a lawyer, and does, not because of his greed, simply state fee increases with each additional million. So how do you determine how much to say in the share capital - all very simply, the cost of real estate should be commensurate with the authorized capital.We should not forget about expenses for the annual payment for accounting services for the compilation of a zero balance sheet.
Creation of a business (without a work permit)
In this case, the costs will also include the cost of incorporation - the minimum authorized capital is also 1 million, registering in the social insurance fund and the employment of staff, of course, this is a Thai employee, the same annual balance sheet, monthly payments to the fund social insurance for employees - 5% of salary (but no more than 750 baht.), as well as a monthly payment of income tax from individuals - with wages of Thais, if it exceeds 150,000 baht per year.
If the company's turnover exceeds 1.8 million baht per year - must also register with a VAT payer. In this case, your expenditure will replenish the cost of registration and payment for services accountant for the preparation and submission of monthly reports.
A company business with employment of foreign employees
Creating this type of company is the most expensive, and requires the greatest investment. Costs will include:
1. Registration of companies with registered capital of the rate of 2 million baht per worker foreigner.
2. Registration of the social insurance fund and the subsequent employment of four Thais on every employee of the foreigner.
3. Registration of companies for VAT (mandatory).
4. The annual balance sheet - the cost will depend on the speed.
5. Monthly accounting reports - required for VAT.
6. Monthly payments to the social insurance fund from the salary of each employee, including Thais and foreigners - 5% but less than 750 baht.
7. Monthly payment of the income tax of physical persons - on wages and salaries of foreigners Thais, if it exceeds 150,000 baht per year.
Further, to the above costs must be added the cost of a work permit and annual renewal. Also, do not forget to pay taxes.
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