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| Company Formation and Work
Permits |
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If you are purchasing a business
or property in Thailand, the law requires that you register a Thai
limited company and, if you are going to work in your business or
receive any income from that business, you must apply for a work
permit. The penalties for working and receiving an income from your
business without a work permit are severe, resulting in possible
detention and deportation. The advantages of having a work permit
are that you can apply for a 1 year non-immigrant B visa, purchase a
car, motorbike, telephone and open a bank account in your own or
company name.
If you have decided to make Thailand your home, the
procedure is as follows;
On arrival, we will process the paperwork
to register a Thai Ltd Company for you (details below), which will
take approximately 3 weeks. Once your registration is approved, we
will apply for a 1 year non-immigrant B visa, followed by your
application for a work permit. Due to recent changes implemented by
local government, it could take up to 3 months for a work permit to
be approved. During this period you cannot legally work in
Thailand.
Whilst the following requirements may seem
complicated, please note that BRITHAI will deal with the majority of
them on your behalf. |
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| Company Formation
Requirements |
| nb. The minimum requirement for one
work permit is a 2m baht Ltd Co. |
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- 2 x Copies of the front page of your passport
and visa page, each copy
signed by yourself.
- 5 x Copies of house registrations and I.D.
cards of your Thai shareholders.
- 3 x Company names, in order of preference. The
company name does not
have to be the same as your trading
name.
- Minimum number of shareholders is 7. i.e. one
foreigner, 6 Thai.
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| COSTS. |
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- 2,000,000 baht Ltd. Co.: 40,000 baht
Plus V.A.T.
- 4,000,000 baht Ltd. Co.: 50,000 baht
Plus V.A.T.
- 6,000,000 baht Ltd. Co.: 70,000 baht Plus
V.A.T.
|
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| Inclusive registration, company
stamp and service charges. Exclusive V.A.T. |
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| WORK
PERMIT REQUIREMENTS |
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- Form WP2
- 3 x Recent photo’s; 5 x 6 cms
- Letter of employment
- Copy of company registration certificate, including
objectives.
- Copy of shareholders list.
- Copy of VAT registration; Phor Phor.01
- Organization chart
- Copy of front page of passport and visa.
- Education certificate and resume of previous employment.
- Health certificate
- Map of place of business.
|
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| COST: 15,000 baht plus v.a.t. per
applicant. |
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| DOCUMENTS REQUIRED FOR WORK PERMIT
RENEWAL ( EVERY 90 DAYS ) |
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- Letter of power of attorney
- Copy of company certificate
- Work permit
- Copy of passport and visa
|
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| DOCUMENTS REQUIRED FOR WORK PERMIT
RENEWAL (ANNUALLY ) |
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- Copy of company certificate.
- Income year end report ( Por Ngor Dor.1,50,51 and 90,91 )
- Letter of employment
- Audited accounts
- Letter of power of attorney
- Work permit
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| DOCUMENTS REQUIRED FOR NON-IMMIGRANT VISA |
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- Letter of VISA application signed by Thai director
- 2 x Recent photo’s; 3.5 x 4.5 cms
- Copy of company certificate
- Copy of list of shareholders
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