Business Visa
1. Is it possible to start a business of my own in Thailand?
It is. The process to do this are quite similar for the different ways. Under Thai law various type of business arrangement are possible including partnerships, sole proprietors, branch offices, limited companies and public companies. The best solution for you depends upon the purpose of your business.
2. Is there a minimum investment to open a business in Thailand?
Yes. The minimum investment to start a business in Thailand is 2 million Baht. Of course there will then be additional costs from setting up your office, registration, and employing accountants and lawyers.
3. How long does it take to set up a Thai business?
Typically the whole process (registering the company, obtaining a work permit and visas) take approximately 8 weeks.
4. Is there a limit to how many employees I can employ in my Thai company?
For every 2 million Baht you invest in the company you can be issues with a new work permit. A minimum of 4 Thai national must also be employed.
5. What about taxes?
Personal income tax on your personal income must be paid as well as corporate income tax. The level of personal income tax varies depending upon your situation from 5% up 37%. Corporate income tax is currently set to 30% of your net profit. Your accountant will advise you more on these matters.
6. I want to work in Thailand under for a currently existing company. What visa do I need to do this?
A 1 year or 3 year multiple entry business visa is available which allows you to freely travel around Thailand and conduct your business. The maximum time you can stay in the country each visit is 90 days.
If you wish to conduct your business in Thailand, or carry out investments in Thailand then you should apply for a Non-Immigrant visa. These fall under different categories including:
- Type "B" - Business visa
- Type "B - A" - Business approved visa
- Type "IB" - Investment and business visa.
If you have an "IB" type visa, you must be in possession of your work permit before you enter the country.
If you want to visit the country purely for business purposes then you may apply for a 3 year Non-Immigrant Type "B" visa. This allows you multiple entries into the country as many times as you wish as long as the visa is still valid for a maximum stay of 90 days. Employment within Thailand is prohibited with this type of visa.
