{"id":17100,"date":"2026-02-27T14:54:46","date_gmt":"2026-02-27T07:54:46","guid":{"rendered":"https:\/\/belaws.com\/thailand\/?p=17100"},"modified":"2026-02-27T14:54:46","modified_gmt":"2026-02-27T07:54:46","slug":"company-creation-in-thailand","status":"publish","type":"post","link":"https:\/\/belaws.com\/thailand\/company-creation-in-thailand\/","title":{"rendered":"What are the Hidden Costs of Company Creation in Thailand?"},"content":{"rendered":"<section  class='av_textblock_section av-ks8kyyfa-e516bae24dd4ed4f78e7dedb0aea1067'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock breadcrumb'  itemprop=\"text\" ><nav aria-label=\"breadcrumbs\" class=\"rank-math-breadcrumb\"><p><span class=\"last\">Home<\/span><\/p><\/nav>\n<\/div><\/section>\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='av_section_1'  class='avia-section av-re718-f933e9e3a470259eecd4d4692aaacea2 main_color avia-section-no-padding avia-no-border-styling  avia-builder-el-1  el_after_av_textblock  el_before_av_section  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-17100'><div class='entry-content-wrapper clearfix'>\n<div class='flex_column av-gmj0k-ac56bb06b98c278ca7684f46c4d7723e av_one_half  avia-builder-el-2  avia-builder-el-no-sibling  first av-break-at-tablet flex_column_div '   ><p><section  class='av_textblock_section av-kscys0p5-d0fe1da2549b5d38fb08e5d3e4dbc794'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock sur-titre_bleu'  itemprop=\"text\" ><p>Legal<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lra90-9ab3f8d48a81ed396ae07bbaafa596f6'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h1_bleu_post'  itemprop=\"text\" ><h1><b>What are the Hidden Costs of Company Creation in Thailand?<\/b><\/h1>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-b3jfo-03f63b84c9a76d84e1713c05a87923fd\">\n#top .hr.hr-invisible.av-b3jfo-03f63b84c9a76d84e1713c05a87923fd{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-b3jfo-03f63b84c9a76d84e1713c05a87923fd hr-invisible  avia-builder-el-5  el_after_av_textblock  el_before_av_post_metadata '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1fxfaa0-c49fa684a6192235599f3a9c6aa1ca4f\">\n#top .av-post-metadata-container.av-1fxfaa0-c49fa684a6192235599f3a9c6aa1ca4f{\ncolor:#1a4367;\n}\n<\/style>\n<div  class='av-post-metadata-container av-1fxfaa0-c49fa684a6192235599f3a9c6aa1ca4f av-metadata-container-align-left  avia-builder-el-6  el_after_av_hr  el_before_av_hr  av-metadata-container-1'><div class='av-post-metadata-container-inner'><span class=\"av-post-metadata-content av-post-metadata-meta-content\"><span class=\"av-post-metadata-content av-post-metadata-modified\"><span class=\"av-metadata-before av-metadata-before-modified\">Latest Update : <\/span><span class=\"av-post-metadata-modified-date\" >February 27, 2026<\/span><\/span><span class=\"av-post-metadata-content av-post-metadata-separator\">- <\/span><span class=\"av-post-metadata-content av-post-metadata-published\"><span class=\"av-metadata-before av-metadata-before-published\">Published date : <\/span><span class=\"av-post-metadata-published-date\" >February 27, 2026<\/span><\/span><\/span><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-l1i61b-b638cf78cf2defb439fa7b43920ddd8e\">\n#top .hr.hr-invisible.av-l1i61b-b638cf78cf2defb439fa7b43920ddd8e{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-l1i61b-b638cf78cf2defb439fa7b43920ddd8e hr-invisible  avia-builder-el-7  el_after_av_post_metadata  avia-builder-el-last '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><\/p><\/div>\n\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='av_section_2'  class='avia-section av-2sy44gf-b85efb8a63a5ca1cffa5f51f315b8ae9 main_color avia-section-no-padding avia-no-border-styling  avia-builder-el-8  el_after_av_section  el_before_av_section  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-17100'><div class='entry-content-wrapper clearfix'>\n<div class='flex_column av-26c250v-2498f3325c476c824236a14a4246c355 av_one_half  avia-builder-el-9  el_before_av_one_half  avia-builder-el-first  first av-break-at-tablet flex_column_div '   ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1nn86a7-d8665865f6de631cfe13c489486f9f9a\">\n#top .av_textblock_section.av-1nn86a7-d8665865f6de631cfe13c489486f9f9a .avia_textblock{\ncolor:#ffffff;\n}\n<\/style>\n<section  class='av_textblock_section av-1nn86a7-d8665865f6de631cfe13c489486f9f9a'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock post_text_highlighting av_inherit_color'  itemprop=\"text\" ><p>TL;DR: Company creation in Thailand involves more than simple registration fees. Foreign investors must budget for Foreign Business Act restrictions, minimum capital requirements, BOI investment conditions, work permits, VAT registration, accounting, audits, licensing, and ongoing labour law compliance. Proper structuring at the beginning helps avoid costly amendments and regulatory complications later.<\/p>\n<\/div><\/section><\/div><div class='flex_column av-18h9ojz-6f4d6618a8333e3016d6ea158b9a1bcd av_one_half  avia-builder-el-11  el_after_av_one_half  avia-builder-el-last  av-break-at-tablet flex_column_div '   ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lca433-8ba7df8b0a50d20647f34de56ecf6fd0\">\n.avia-image-container.av-lca433-8ba7df8b0a50d20647f34de56ecf6fd0 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lca433-8ba7df8b0a50d20647f34de56ecf6fd0 av-styling- avia-align-center  avia-builder-el-12  avia-builder-el-no-sibling  radius_10 img'  itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-17102 avia-img-lazy-loading-not-17102 avia_image' src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2026\/02\/company-creation-in-thailand-hidden-costs-dashboard-1030x832.webp\" alt='Investment opportunities in Thailand' title='Investment opportunities in Thailand'  height=\"832\" width=\"1030\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2026\/02\/company-creation-in-thailand-hidden-costs-dashboard-1030x832.webp 1030w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2026\/02\/company-creation-in-thailand-hidden-costs-dashboard-300x242.webp 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2026\/02\/company-creation-in-thailand-hidden-costs-dashboard-768x621.webp 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2026\/02\/company-creation-in-thailand-hidden-costs-dashboard-1536x1241.webp 1536w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2026\/02\/company-creation-in-thailand-hidden-costs-dashboard-15x12.webp 15w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2026\/02\/company-creation-in-thailand-hidden-costs-dashboard-1500x1212.webp 1500w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2026\/02\/company-creation-in-thailand-hidden-costs-dashboard-495x400.webp 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2026\/02\/company-creation-in-thailand-hidden-costs-dashboard-845x684.webp 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2026\/02\/company-creation-in-thailand-hidden-costs-dashboard-705x570.webp 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2026\/02\/company-creation-in-thailand-hidden-costs-dashboard.webp 1786w\" sizes=\"(max-width: 1030px) 100vw, 1030px\" \/><\/div><\/div><\/div><\/div>\n\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='av_section_3'  class='avia-section av-3a8r8sf-104b63d9b06a901b648116e87f5a56ad main_color avia-section-no-padding avia-no-border-styling  avia-builder-el-13  el_after_av_section  el_before_av_section  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-17100'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2yq2ty7-7b3d54cce20097145b0ebe290f1c0b27\">\n#top .hr.hr-invisible.av-2yq2ty7-7b3d54cce20097145b0ebe290f1c0b27{\nheight:100px;\n}\n<\/style>\n<div  class='hr av-2yq2ty7-7b3d54cce20097145b0ebe290f1c0b27 hr-invisible  avia-builder-el-14  el_before_av_one_full  avia-builder-el-first  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div class='flex_column av-2p3t4in-0fc14347ffb7c82350dd11278869d44f av_one_full  avia-builder-el-15  el_after_av_hr  avia-builder-el-last  first av-break-at-tablet flex_column_div '   ><p><section  class='av_textblock_section av-2254r27-2e2131946130608a954793d197b72f11'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_18'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Starting a business in Thailand presents exciting opportunities for entrepreneurs and investors looking to enter the country\u2019s expanding economy and take advantage of its strategic location in Southeast Asia.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-1flin7j-7d8530e519f84d22de8d94e6e904dd5b'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_18'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Thailand&#8217;s diverse business environment and supportive government policies for foreign investment provides a favorable environment for international expansion. However, hidden costs such as regulatory complexities, licensing fees, and ongoing compliance requirements, can lead to unexpected expenses.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this article, we will take a look at some examples of hidden costs faced by foreign investors considering starting a business in Thailand.<\/span><\/p>\n<\/div><\/section><br \/>\n<div  class='avia-button-wrap avia-button-left  avia-builder-el-18  el_after_av_textblock  avia-builder-el-last  bouton-cta' ><a href=\"https:\/\/wa.me\/+66636955945\" class=\"avia-button av-rpwzzz-94c0d87d5691cb861d543a82706772cd avia-icon_select-yes-right-icon avia-size-large avia-position-left avia-color-theme-color\" target=\"_blank\" rel=\"noopener noreferrer\"><span class='avia_iconbox_title' >Talk to an expert<\/span><span class='avia_button_icon avia_button_icon_right' aria-hidden='true' data-av_icon='\uf232' data-av_iconfont='entypo-fontello'><\/span><\/a><\/div><\/p><\/div>\n\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kscyoqk4-666a58ff317ddf61a5914fb400fd87f4\">\n.avia-section.av-kscyoqk4-666a58ff317ddf61a5914fb400fd87f4{\nbackground-color:#fafafa;\n}\n<\/style>\n<div id='av_section_4'  class='avia-section av-kscyoqk4-666a58ff317ddf61a5914fb400fd87f4 main_color avia-section-default avia-no-border-styling  avia-builder-el-19  el_after_av_section  el_before_av_section  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-17100'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ksd2ivxm-023071e5c33e5c283329416739e1beb3\">\n#top .hr.hr-invisible.av-ksd2ivxm-023071e5c33e5c283329416739e1beb3{\nheight:60px;\n}\n<\/style>\n<div  class='hr av-ksd2ivxm-023071e5c33e5c283329416739e1beb3 hr-invisible  avia-builder-el-20  el_before_av_two_third  avia-builder-el-first  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div class='flex_column av-fpevw-aab8acce1826d370629f645f34d6bd3b av_two_third  avia-builder-el-21  el_after_av_hr  el_before_av_one_third  first av-break-at-tablet flex_column_div '   ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2aclui-2fabfe8b613831a5c849b3ef4e2a1686\">\n#top .av_textblock_section.av-2aclui-2fabfe8b613831a5c849b3ef4e2a1686 .avia_textblock{\ncolor:#ffffff;\n}\n<\/style>\n<section  class='av_textblock_section av-2aclui-2fabfe8b613831a5c849b3ef4e2a1686'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock post_text_highlighting av_inherit_color'  itemprop=\"text\" ><h2 style=\"text-align: left;\">Key Points<\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Foreign businesses face ownership restrictions under the Foreign Business Act, with foreign ownership capped at 49.99% for certain activities, requiring either a Foreign Business License (difficult to obtain), BOI promotion, or a legitimate Thai partner.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">BOI promotion offers significant advantages including 100% foreign ownership and tax benefits, but involves costs for the Foreign Business Certificate and typically requires professional assistance.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Work permit requirements create substantial hidden costs, as companies must usually\u00a0 have 2 million THB of paid up registered capital per foreign employee and hire four Thai employees for each foreigner (exceptions apply for BOI companies)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Regulatory compliance requires business-specific licenses with varying fees, plus ongoing accounting services and annual audits.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Visa processing for foreign employees involves unexpected expenses, as Non-Immigrant B visas often have to be obtained outside Thailand through the e-visa system, requiring travel costs and accommodation for 10-15 business days.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You must have a registered address and a proper office to support VAT application and Work Permit application.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If your company is registered for VAT or has employees, you must file taxes monthly, which requires monthly accounting and payroll services.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Annual compliance obligations and audits, even if the company has no operations.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Foreigners without a long-term visa may face difficulties opening a company bank account, often requiring a Thai local director.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Purchasing an existing company can end up costing more in order to make the company align with your needs.<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-893pgz-417cf0891102d15fa8bff673921feb47\">\n#top .hr.hr-invisible.av-893pgz-417cf0891102d15fa8bff673921feb47{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-893pgz-417cf0891102d15fa8bff673921feb47 hr-invisible  avia-builder-el-23  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-mde7exf4-5f62bc650f73ca7d9877967c9f984417'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2><b>Overcoming the Restrictions For Foreign Businesses <\/b><\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-8ohy4-ba2bc652f51fc02aca7b4faa3ec86cd2'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">While Thailand actively seeks to attract foreign businesses, certain business activities are reserved exclusively for Thai nationals. The Foreign Business Act (FBA) restricts foreigners or foreign-owned companies from engaging in over 50 categories of business activities in Thailand.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In relation to these restrictions, foreign ownership of a limited company is capped at a maximum of 49.99%. If a foreign investor owns 50% or more of a company&#8217;s shares, it is classified as a foreign company and will not legally be able to undertake these activities.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mfdp5lk5-a5ce7876f5269c7072927ece9226a5c1'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Please note, the use of nominee shares in Thailand is expressly prohibited by the Foreign Business Act.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While the Foreign Business Act does restrict foreign ownership, there are some exceptions which allow foreign owned companies to perform restricted business activities. However, these options will add additional costs to the project.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mhiqwsor-830ffd80b3694e8d4f5d9e7ea0540ed3'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><span style=\"font-weight: 400;\">Foreign Business Licence<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If a foreign owned business wishes to engage in any of the restricted activities contained within List 2 or 3 of the FBA, they may apply for a Foreign Business Licence (FBL). An FBL will allow 100% or majority owned foreign businesses to undertake restricted activities.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4kqdwh-d156379769ec73d7c5a29c66acd293c0'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">However, applicants must be aware that in practice it is difficult to obtain a FBL and there is no guarantee that the application will be successful.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Read more:<\/span><\/p>\n<p><a href=\"https:\/\/belaws.com\/thailand\/foreign-business-act-in-thailand\/#:~:text=The%20Foreign%20Business%20Act%20restricts,effective%20control%20of%20the%20company.\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Understanding the Foreign Business Act in Thailand<\/span><\/a><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4kqq8q-7c64e09a9bc6f13c0d7a93a62cf6b23f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Fees for a foreign business license in Thailand vary based on the type of business activities. When applying for a Foreign Business Licence, the minimum capital requirement is 3 million Thai Baht. This is an important consideration because if the company is being newly set up, this capital must be fully paid-up. If the company needs to increase its capital later, the additional costs and government fees involved should also be considered (to be discussed in more detail later in the article).<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4kr3pc-5e4cc53f1da76aff85250447d0e49e4c'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">The fees for the Foreign Business Licence are as follows:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Application Fees:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">1,000 &#8211; 2,000 THB.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">License Fees:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">For business who wish to engage in activities within List 2:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"3\"><span style=\"font-weight: 400;\">Minimum fee: 40,000 THB.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"3\"><span style=\"font-weight: 400;\">Maximum fee: 500,000 THB.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"3\"><span style=\"font-weight: 400;\">Fee calculation: 10 THB for every 1,000 THB of registered capital.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">For business who wish to engage in activities within List 3:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"3\"><span style=\"font-weight: 400;\">Minimum fee: 20,000 THB.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"3\"><span style=\"font-weight: 400;\">Maximum fee: 250,000 THB.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"3\"><span style=\"font-weight: 400;\">Fee calculation: 5 THB for every 1,000 THB of registered capital.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Certificate Fees:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Issuing the Foreign Business License: 20,000 THB<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4kravy-f55e2e86eccb1b783172ba50a97ad458'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">The Ministry of Commerce will make a decision regarding the application within 60 days from filing the application. The license will be issued within 15 days after the approval date. In practice, the process takes around 6 months and there is no guarantee the applicant will be successful in their application.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This extended application timeframe could result in additional or hidden costs as the company cannot begin to operate within the restricted areas until the FBL has been awarded. This could result in the company spending money on rent, wages and other costs without being able to make any income.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4krhfi-710eb66699c88f008ad89dc7d269496a'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><span style=\"font-weight: 400;\">BOI Promotions<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">When starting a business in Thailand, checking your company&#8217;s eligibility for BOI promotion should be your top priority.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A common misconception among foreign investors is that the BOI only supports high-tech projects. In reality, many business activities qualify for promotion from the BOI, ranging from manufacturing, service, digital activities (including software), plus many more. The BOI even offers a catch-all promotion through the TISO program, which covers a wide scope of activities including various service industries.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4krovt-80dc4f09c406310b172b597a4f2e4110'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">BOI-promoted companies enjoy significant benefits not available to other company structures, such as:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">100% foreign ownership,\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Foreign Business Certificate to navigate the restrictions of the Foreign Business Act,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Land ownership,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Potential tax exemptions and\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Relaxed rules for work permit and visas<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4krwkk-b861fb33f111ca8fa856dd66ba41f280'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">The removal of the Foreign Business License requirement, combined with other BOI incentives, makes it significantly easier for foreign investors to establish and operate businesses in Thailand.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While the BOI clearly offers a major advantage for eligible companies, it is not a cheap option. While there are no official fees for applying for a BOI promotion, successful companies will have to pay 22,000 THB for the Foreign Business Certificate.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4ks48a-c0187f83705a15ed0a6dbcf0ab3263e9'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">The biggest expense a company may face in relation to a BOI application is for professional assistance. While it is possible to apply for a BOI promotion without assistance, it is a long and complicated process.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The conditions of your approval, including minimum investment requirements and other obligations, will be determined based on the business plan you submit.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4ksa8e-a4a67b3b9158e19f1e41d26c67da1b49'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">By working with experienced professionals who handle BOI applications regularly, you will be able to structure your business plan in a way that meets the BOIs criteria and therefore keep investment requirements manageable. While the minimum investment for most BOI promotions is 1 million THB, the actual amount required can vary depending on the details of your business plan, projected revenues, and the nature of your proposed activities. In some cases, the BOI may require a significantly higher investment than the minimum threshold, making careful planning essential to avoid unnecessary financial commitments.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4kskad-aeaf279647a824a86d7b87be0c68e90f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Hiring a company who is experienced in handling applications can make the process smoother and more efficient as they know exactly what the BOI requires and can prepare everything accordingly. Applications which are not properly prepared can result in lots of back and forth between the applicant and BOI for extra information or answering avoidable questions.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Read more:<\/span><\/p>\n<p><a href=\"https:\/\/belaws.com\/thailand\/why-a-boi-promotion-can-help\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Why a BOI Promotion in Thailand Can Help Your Business<\/span><\/a><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4kst6u-e1847e46c46ea6c1dd3d0e3d346644ba'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><span style=\"font-weight: 400;\">Thai Limited Company with a Thai Partner<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">A private limited company that has been properly structured is the most common business type for a business who wishes to perform restricted business activities.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A Thai limited company with a Thai partner who holds over 50% of the shares is not considered foreign owned and therefore, not subject to the restrictions of the Foreign Business Act. <\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4kt17v-c3bf38b7ef5174b67d7123b98d141376'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">While the official fees for registering a company in Thailand are THB 7,000 (this cost can be slightly higher if the company wishes to have a company stamp as well), the hidden costs that may affect the foreign investor come from the structuring of the company. In order for a foreign investor to protect their investment when starting a company with a Thai partner, it is highly recommended to draft a Shareholder Agreement and Articles of Association which clearly state the rights and obligations for both parties.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4kt85h-1177c6f699c06ec599a761f5f962196c'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">When starting a Thai limited company, legal fees can quickly add up, so it is highly recommended to check what\u2019s included in your lawyer\u2019s package. Many service providers offer incomplete company registration packages missing key elements like proper Articles of Association, Share Registrar Book and certificate of shares, , but investors should make the package they have chosen covers all their needs and services upfront. This is important because if you need to make changes later to fix an issue, this can result in unexpected costs.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4ktgcf-1e56800aa3213ec146bda91657acfd93'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">For example, if you need to add or amend your company&#8217;s Articles of Association (AOA), this will be subject to additional costs. The provisions within an AOA state how the company is managed, protects investors, and outlines share transfer restrictions, drag-along and tag-along rights, and other essential governance rules.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the company does not choose to have an AOA at the beginning, the company will be subject to the provisions of the Thai Civil and Commercial Code. If the company wishes to add some Articles of Association or make changes to their existing AOA, this will require an Extraordinary General Meeting (EGM), issuing shareholder notices, and formally submitting amendments, which will result in further costs.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4ktmpt-a282950f83239644d6053236b8997e77'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Another often-overlooked cost involves the company\u2019s shareholding structure. If you want different classes of shares with varying voting rights, this must be planned carefully at the beginning. Once a class of shares is created, it cannot be canceled or changed later. Any restructuring would require a capital decrease which is a complex legal process, leading to additional expenses.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4ktsix-6d0aec388ad8a244adbffc12c184a555'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">These should all be prepared at the beginning of the company setup process. Once the company is established, obtaining shareholder agreements or signatures for necessary documents may become more difficult, resulting in delays or conflicts among the shareholders.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another consideration when setting up a company in Thailand is signing a shareholder agreement. This is recommended because the agreement must be signed by all shareholders and are legally enforceable against the signatories. Again, it is recommended to complete this before registering the company, although it can be done at any time.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4ku0yj-631395b7dd70318cd6de1f6f723a4107'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">A Shareholders\u2019 Agreement is a private agreement between the shareholders of a company that outlines how the business will be owned, managed, and operated. It areas such as voting rights, profit sharing, share transfers, financing, and conflict resolution.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If there is no shareholder agreement, there is a risk that the shareholders who initially agreed on certain terms may later change their minds, forget the details, or even refuse to sign. This can lead to serious issues and potentially costly legal disputes.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4ku7lo-009e967df90b38ad5211480976d8d72e'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">A Shareholder Agreement must be drafted in a way that provides the best protection for the foreign investor. Therefore, when drafting these kinds of documents, it is best to work with a professional legal team.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To hire experts to draft these kinds of documents, investors should expect to pay fees starting at THB 35,000 to more than THB 100,000 for complex agreements.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4kut1i-beec5c9bf3f3bff2e31b0a8501bbc4d3'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Read more:<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><a href=\"https:\/\/belaws.com\/thailand\/benefits-limited-company\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Benefits of Setting up a Limited Company in Thailand<\/span><\/a><\/p>\n<p><a href=\"https:\/\/belaws.com\/thailand\/articles-of-association-in-thailand\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">What are the Articles of Association for companies in Thailand<\/span><\/a><\/p>\n<p><a href=\"https:\/\/belaws.com\/thailand\/start-a-company-in-thailand\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Start a Company in Thailand: Beginner\u2019s Handbook\u00a0<\/span><\/a><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4kvaeo-ef4a21d7d6cc66635a2df3efdd03010b'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><span style=\"font-weight: 400;\">Purchasing a Company<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Purchasing an existing company may seem like a great idea, however in reality it could result in many additional costs being incurred by the company on top of the initial purchase price.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Read more:<\/span><\/p>\n<p><a href=\"https:\/\/belaws.com\/thailand\/buying-a-business-in-thailand\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Buying a Business in Thailand: A How-To Guide for 2026<\/span><\/a><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4kvkru-c6d7edd4a5d51d11b6060cf6ec37dd43'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h4><span style=\"font-weight: 400;\">Due Diligence<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">When buying a business the new owner is at risk of being liable for unknown or hidden debts, such as lawsuits, tax obligations, or contractual obligations, that the seller may have incurred before the sale. Another drawback is the possibility of being held liable for the seller\u2019s actions or misconduct before the purchase, even if the buyer had no involvement or knowledge of them.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4kwnvv-2c71a3fa04573bcba5902ff5b359002e'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Conducting thorough due diligence is highly recommended when buying an existing business. Due diligence allows you to confirm key details and assess the potential risks and opportunities associated with the target company.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When undertaking due diligence, the following areas should be considered:<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4kwxrn-86d9970e4d5ede760275141605c5669e'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><b>Company Registration Details:<\/b><span style=\"font-weight: 400;\"> Review the company\u2019s registration details, including its legal status, current shareholder list, and directors.<\/span><\/p>\n<p><b>Liabilities:<\/b><span style=\"font-weight: 400;\"> Identify any pending legal actions or significant liabilities involving the company that the new owners would be responsible for. For example, debts, taxes, contractual obligations and legal claims.<\/span><\/p>\n<p><b>Financial Analysis:<\/b><span style=\"font-weight: 400;\"> Examine the company\u2019s financial balance sheets, bank statements, and tax records to assess its financial health and stability.<\/span><\/p>\n<p><b>Contracts and Obligations: <\/b><span style=\"font-weight: 400;\">Evaluate all contracts and agreements signed by the company, including employment contracts, vendor agreements, and lease agreements.<\/span><\/p>\n<p><b>Legal and Regulatory Compliance:<\/b><span style=\"font-weight: 400;\"> Inquire about any potential legal disputes, pending lawsuits, or outstanding tax liabilities that the company may be facing.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4kx7w5-f6f52b1bee6471157d3b7b4d35757198'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h4><span style=\"font-weight: 400;\">Restructuring the company<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">When you buy an existing company, the chances are that the company was set up and structured for different reasons than you require, therefore it will have to be restructured to match your needs. Purchasers of companies should carefully assess their chosen company and consider the costs associated with making amendments.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4kxj2d-a078d94168f1b01880d47f1db21e062c'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Common areas that may need restructuring for a company include:<\/span><\/p>\n<h5><span style=\"font-weight: 400;\">Transferring the Shares<\/span><\/h5>\n<p><span style=\"font-weight: 400;\">When purchasing an existing company one of the most important steps is to transfer the shares from the original shareholders to the purchasers of the company.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In order to complete the transfer of shares, a share transfer instrument must be completed in writing and be signed by the transferor and transferee (and signed by at least one witness).<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4kxvbc-122fbda766ca2624bef771ebf132dbcc'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Share transfers do not need to be prepared in Thai. However, they do need to contain the names of the transferor and transferee, the number of shares to be transferred, the share numbers, the price and the date.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Finally, the transferee\u2019s name and address must be entered into the shareholder\u2019s register and the list of shareholders (Bor Jor 5) updated with the Ministry of Commerce. The updated list of shareholders can be filed online on the Department of Business Development (DBD) platform. <\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4ky7n9-7b4b307f0fc7ce420a2c3813cc008ab1'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Failure to register the transferee into the shareholders register will invalidate the transfer.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are considering purchasing a company, it is recommended to ensure that the service provider includes the share transfer process in the scope of services.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Read more:<\/span><\/p>\n<p><a href=\"https:\/\/belaws.com\/thailand\/transferring-shares\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Transferring shares for a Thai Limited Company<\/span><\/a><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4kyfxm-b2cacbc5d578473fd0368b008a62b1ca'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h5><span style=\"font-weight: 400;\">Adding\/removing directors<\/span><\/h5>\n<p><span style=\"font-weight: 400;\">When purchasing a company in Thailand, adding or removing directors is necessary. The purchaser will typically want to appoint themselves or their chosen representatives to manage the company. Additionally, the removal of existing directors is required to transfer full control to the new owners.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The process to add and remove directors requires following several steps including calling an Shareholders Meeting (EGM), issuing shareholder notices, and formally submitting amendments, which will result in further costs.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4kypi6-f323ad3ff23df76485c8286cc27f761d'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h5><span style=\"font-weight: 400;\">Read more:<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><a href=\"https:\/\/belaws.com\/thailand\/company-director-in-thailand-2\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">How to change a company director in Thailand<\/span><\/a><\/h5>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4kyvyt-530272895edfc30c092de23786422cfc'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h5><span style=\"font-weight: 400;\">Capital increase<\/span><\/h5>\n<p><span style=\"font-weight: 400;\">A foreign investor purchasing a company who wishes to obtain a work permit and work for their company must have a registered capital of at least 2 million THB. If the company&#8217;s registered capital is less than 2 million THB, you will need to increase it later to meet work permit requirements. This process incurs additional fees, so it&#8217;s important to anticipate and plan for it in advance.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4kz37o-f657f29942fdd50375215fa12ceeb124'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h5><span style=\"font-weight: 400;\">Updating the company objectives<\/span><\/h5>\n<p><span style=\"font-weight: 400;\">The company objectives are the activities that a company is registered to conduct. These objectives are listed in the company\u2019s Articles of Association (AOA) and define the scope of its business operations. For example, if the company purchased was incorporated as a import\/export company and the purchaser wishes to undertake manufacturing, they would need to update the company objectives. <\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4kz8xq-9d4df863c584ec4df7a5c67bdfc25fc8'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">When registering a company, it is required to state the business activities undertaken by the company. Failure to do so may carry the director\u2019s liabilities for business activities outside the company objectives. Amending the objectives later requires an EGM (Extraordinary General Meetings of the shareholders).<\/span><\/p>\n<h5><\/h5>\n<p><span style=\"font-weight: 400;\">Additional costs would be required to cover the cost of the EGM required to arrange this and any associated costs with updating the DBD and Revenue Department.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4kzf3f-5d5926fdb3e0713916f169bd9a575c4c'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h5><span style=\"font-weight: 400;\">Updating or adding Articles of Association<\/span><\/h5>\n<p><span style=\"font-weight: 400;\">If the company wishes to add some Articles of Association or make changes to their existing AOA, this will require an Extraordinary General Meeting (EGM), issuing shareholder notices, and formally submitting amendments, which will result in further costs.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4kztq1-6cdbd2ea9d1951b31d2f85d2171b89b6'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><span style=\"font-weight: 400;\">Seeking Professional Assistance<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">While it is possible for a foreign business to obtain a FBL, BOI Promotion or start their own company on their own, it is recommended to seek professional help. Both the FBL and BOI applications are very long, in depth and technical and may be overwhelming for someone who hasn\u2019t experienced them before.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4l00wo-18ee197ac5afd71f52e40a6dce5f294d'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">By hiring local experts, foreign investors can take advantage of the local firms&#8217; practical understanding of what makes an application successful and, conversely, what can cause delays or lead to unsuccessful outcomes. Helping to make the process smoother and more efficient for the applicant.\u00a0<\/span><\/p>\n<h3><\/h3>\n<p><span style=\"font-weight: 400;\">However, these services are often costly and may significantly increase the company\u2019s initial startup expenses.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1t2khoa-fab8689ad358047e7c82a6868a60650c\">\n#top .hr.hr-invisible.av-1t2khoa-fab8689ad358047e7c82a6868a60650c{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-1t2khoa-fab8689ad358047e7c82a6868a60650c hr-invisible  avia-builder-el-63  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-mhiovcjp-32f9f18bfaa238a5d3d1455316f0058f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2><b>Business Licence Requirements<\/b><\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mfdp5zpl-e5ee349523ded17c2c7074b46e387101'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Starting a business in Thailand may require the company to obtain a business license or permit to operate legally. The specific licenses needed will depend on the company&#8217;s business activities.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Please note, these business licences are separate from the Foreign Business Licence\/Certificate. The FBL\/FBC are for performing restricted business activities as a foreign owned company, while business licences and regulatory requirements for businesses operating within specific sectors.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mhiovr83-5f6ab98aa8b82bbbc840634ac9215927'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Some common examples of business licences include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Food Licence<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Hotel Licence<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Factory Licence<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Import\/Export Licence<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tourism Licence<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mhiqyclk-105e2fa0085770c17799a10b3f496e29'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">The official fees for the business licences depend on each individual business licence.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Examples of some official fees for a business licence include:<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mhiqylja-4015b3243f9e40987bb54bf246703750'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tourism (TAT) Licence:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Outbound: security of 200,000 THB and a government fee of 500 THB<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Inbound: security of 100,000 THB and a government fee of 500 THB<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Domestic: security of 50,000 THB and a government fee of 300 THB<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Restaurant Licence (yearly renewal required):<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Up to 10 square meters: 100 THB<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">More than 10 square meters: add 5 THB per square meter<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Between 200 and 300 square meters: 2,000 THB<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">More than 300 square meters: add 5 THB per square meter<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">The government fee is limited to 3,000 THB<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Hotel Licence (excluding Non-Hotel Licence):<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Hotel and restaurant business: application fee of 20,000 THB<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Hotel, restaurant and seminar rooms: application fee of 30,000 THB<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Hotel, restaurant, seminar rooms, entertainment business: application fee of 40,000 THB<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">An additional fee of 80 THB per room per year is due.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">The license has to be renewed every five years, and then half price of the government fee will have to be paid.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The prices of business licences vary significantly, so it is recommended to check what licence you may need and their expected cost as soon as possible.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1oinv3v-29d9e6a8d0376c7576c6e618e020b121\">\n#top .hr.hr-invisible.av-1oinv3v-29d9e6a8d0376c7576c6e618e020b121{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-1oinv3v-29d9e6a8d0376c7576c6e618e020b121 hr-invisible  avia-builder-el-69  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-mfnu5jfp-1ecd721722316dc444de9f62276fbf6d'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Minimum Capital or Minimum Investment Requirements<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mhiozntw-614e75df1197bac9d2a55cee0e59d143'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Registered capital requirements are another hidden cost that foreign investors who are interested in investing in Thailand should be aware of.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For a regular Limited company in Thailand, in practice the required minimum capital amount is 50,000 THB (approx 1,500 USD). However, if the foreign investor wishes to work for the company, they are required to have a work permit.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mfz3sd5a-0212265891dac649c7d8a6197133f3da'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">In order to be able to apply for a work permit, the company must have a registered capital amount of 2,000,000 THB (approx 60,000 USD) per work permit. This is a mandatory requirement and represents a significant investment for investors.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If your company&#8217;s registered capital is less than 2,000,000 THB and you plan to hire a foreign employee in the future, you will need to increase the capital later to meet work permit requirements. This process incurs additional fees, so it\u2019s something you should anticipate and plan for in advance.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mfz3sn4b-a6d497e90356f211586fc2bdc254db3e'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">It\u2019s important to note that in Thailand, the registered capital for the purpose of supporting a work permit application must be \u2018paid-up\u2019 capital, meaning that the declared amount must be deposited into the company\u2019s bank account. Once this money is deposited, it can be used by the business.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mhir05el-6726dad00e80feed5d4c2a85e604e0d9'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><span style=\"font-weight: 400;\">Minimum Capital Investment Requirement for BOI Companies<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If a company is successful in their BOI application, the BOI will require the company to satisfy some conditions before being awarded the full BOI Certificate. As part of the requirements for the issuance of the BOI promotion certificate, the company must transfer the capital investment in order to obtain the BOI certificate. The amount of required investment is decided by the BOI and is stipulated within the BOI acceptance letter.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4l24at-a741301b14b5f913fa82e76348a69f4b'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">In relation to the capital investment for projects with foreign shareholders, the BOI requires that the minimum investment according to the percentage of ownership of the foreigners must come from abroad.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The minimum investment amount is at least 1 million THB (approx 30,000 USD), however, it can be more depending on the BOIs evaluation of your application and business plan. Additionally certain types of promotion have an already established minimum investment amount. <\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4l2ajm-e48cc85be86c8f252384cf497ae8a536'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Companies who are interested in applying for a BOI promotion should factor in this investment requirement when planning their business. After accepting the Acceptance Letter from the BOI, the company must transfer the minimum investment within 3 months.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-500h98f-e3757a8bb9d8bccb8362fb85cbca97d7\">\n#top .hr.hr-invisible.av-500h98f-e3757a8bb9d8bccb8362fb85cbca97d7{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-500h98f-e3757a8bb9d8bccb8362fb85cbca97d7 hr-invisible  avia-builder-el-77  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-mfdpokkn-fc5cb916c61f0168342a1aba1a0aeeca'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Visa and Work Permits<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mde7j11w-e375dbdf26dd2b3530f0ee09bcb24afa'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">In order for a company to be able to hire any foreign employees, Thai Limited companies must meet capital and Thai-to-foreigner employee ratio requirements (please note, BOI companies are exempt from these requirements).<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4l353f-f54a9ea453aefced57a83b947ba205be'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">For a Thai Limited company to support each individual work permit, it is required to have the following:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A registered capital of 2 million THB PER foreign employee (to hire four foreign employees, you would need 8 million THB in registered capital). This capital amount has to be paid up capital, which means you have to deposit the full 2,000,000 THB (or however much you need to support multiple work permits) first. Once this capital has been transferred the company can use it to run the business.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Hire four Thai employees for every one foreign employee (if you want to hire four foreign employees, you would need to employ 16 Thai staff members to meet the employment ratio requirement).\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Be registered with Social Security and have made 3 months payments for the Thai Staff.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Be registered for VAT.<\/span><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mfz3tzp4-91ac538c8fef359d14da943d88192c29'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Please note, the requirements for foreign nationals married to Thai citizens are reduced by 50%, to 1 million THB is registered capital and 2 Thai employees.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Supporting a work permit represents a significant hidden cost for foreign investors as they need to be able to cover the minimum capital, as well as the salaries and tax obligations for the Thai employees.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4l3kpx-231a33b092357b9c6ed31dddf68a6d0c'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><span style=\"font-weight: 400;\">Do you need to hire full time Thai employees?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">To sponsor a work permit for a foreign employee in Thailand, your company is required to hire 4 Thai employees per foreign employee (unless the foreign employee is married to a Thai national and only 2 Thai staff will be required).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, simply listing employees on payroll is not enough, these employees must be legitimate workers registered with the Social Security Office by your company. These employees must have been registered with Social Security for at least three months before you can apply for a foreign employee\u2019s work permit.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mfz3u8gw-cf4a89bb0e7475862c04f4b394f038a1'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">The Thai employees can work full-time or part-time, as long as they are officially employed by your business.<\/span><\/p>\n<h3><\/h3>\n<p><span style=\"font-weight: 400;\">It is also important to comply with salary regulations. Each employee must be paid at least the minimum wage, and salaries should be appropriate for their job positions. If all employees receive the same salary regardless of their role, this could raise suspicion and result in an investigation by the Social Security Office.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mhir1bps-174abafe8106d523ca9a14d7ae3601ee'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Please note, that companies that have received a BOI promotion are not subject to these restrictions.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Read more:<\/span><\/p>\n<p><a href=\"https:\/\/belaws.com\/thailand\/work-permit-requirements\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">How Many Thai Staff are Required to Support a Work Permit?<\/span><\/a><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mhir1odr-fe800ea47cd2b3bdd69ae29d43f54091'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><span style=\"font-weight: 400;\">Do you need a proper office to hire foreign employees?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If you plan to hire foreign employees in Thailand, one unexpected cost you may come across is the need to get a proper office address. When first registering the company, you can use a virtual office address as the company\u2019s registered address, however, this isn\u2019t a long term solution. This is especially the case if you are considering hiring foreign employees and applying for work permits.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4l4dtg-dd81181d49feb5ce5c262e3861b05d97'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">In order to obtain a work permit, the company must be registered for VAT and VAT registration requires a proper office address.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As part of the VAT registration process, the Revenue Department requires photos of your company\u2019s office, with a sign displaying the company name clearly. These photos are used to verify that the office is a legitimate and the actual business location. While physical inspections are rare, they are possible.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4l4jrz-58f2a579609e35835e7c62ab18d1fe88'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Additionally, when registering employees with the Social Security Office (SSO), photos of the staff and offices will also be required. It is also more common for the SSO to inspect the office within the first month to confirm the details.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another potential cost related to VAT registration is the requirement for a letter of consent from the landlord or the Juristic Office if you\u2019re using an office building. This letter is needed for the registration process, and in some cases, the landlord or Juristic Office may charge a fee for issuing it.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4l4rfj-1b23cc043120841b63f250fb73db344c'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><span style=\"font-weight: 400;\">Can you get your business\/work visa in Thailand?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Another often-overlooked cost is that, for most applicants, the Non-Immigrant B visa, required to work in Thailand with a work permit (unless holding a Marriage Visa or LTR Visa), must be obtained from outside Thailand.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4l50pi-54581534bfc96b49d9301a0a6dd05362'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Therefore, unless you have been managing the company registration process or working remotely from your home country, you will need to leave Thailand to apply for your Non-Immigrant B visa.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Due to new regulations all visa applications made at Thai Embassies and Consulates must be made using the e-visa system. However, one significant disadvantage of this new system is that applicants must be present in the country the application is being made, even though it is being made online.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4l57d5-f06dee126746f37dce72e253bca751c1'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">This can be a problem because the processing times are currently taking longer than before using the old system. The current expected turnaround time is 10 to 15 business days, depending on the embassy or consulate handling the application.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, Kuala Lumpur is currently issuing e-visas in about 10 business days, however, this is slower than previously when the expected turnaround was 3 days. This means foreign investors who require a visa must pay for transport to a neighbouring country to apply for their visa, as well as accommodation for approximately 2 weeks and living costs e.g. food and drink. This can turn out to be quite an expensive process.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4l5qmx-c5519797e24bd052734e9c3723b8babc'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Please note, we expect the turn around time to be reduced at some points in the near future, as the e-visa online platform should allow officers to expedite Visa Application. However, at the time of writing this article this is still not the case. <\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-hl6ura-f9d5be1d3df2b104c0d62cdf5ae4477f\">\n#top .hr.hr-invisible.av-hl6ura-f9d5be1d3df2b104c0d62cdf5ae4477f{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-hl6ura-f9d5be1d3df2b104c0d62cdf5ae4477f hr-invisible  avia-builder-el-92  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-m8foyfeu-71947efd2d6eb09c93152cb9ca5dcba5'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Taxation and Accounting Fees<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mdo7b063-be08e5efdc07b6faae707ff90b460b0e'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Managing taxation and accounting is an essential part of running a business in Thailand, and failing to meet compliance requirements can result in penalties. Foreign investors should be aware that these financial compliance requirements can add up over time, representing a significant hidden cost of company creation in Thailand.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mfamcqka-add983c47e61e773f8f5dc75fe3b4987'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">All businesses in Thailand, regardless of whether they undertook any activities during their previous financial year are required to complete the annual filings requirements. The annual filing includes preparing financial statements, having these statements audited by independent auditors, holding an AGM and completing the annual filing.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mfdpz847-b8179e8365e7c3d15b1c9bce077b6645'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Companies are also required to undergo an annual financial audit, which must be conducted by a certified independent Thai auditor. The cost of an annual audit depends on the company\u2019s size and transaction volume, typically ranging from THB 10,000 to over THB 100,000.<\/span><span style=\"font-weight: 400;\">Read more:<\/span>\n<p><a href=\"https:\/\/belaws.com\/thailand\/annual-closing-thailand\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">How to Complete the Annual Closing Process for Company Accounts (Year-End Closing)<\/span><\/a><\/li>\n<\/ul>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mhir2pj8-01f8ad828a71d61ec497c197d50fde53'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Another important consideration is that from the moment your company makes a payment for services, it may become subject to various taxes. Similarly, hiring employees means you must register them with the Social Security Office and satisfy the payroll tax requirements.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">VAT registration is another important consideration. If your company is registered for VAT (mandatory requirement for hiring foreigners), you are required to file monthly VAT returns, even if your VAT for that period is zero. This means that from the moment you issue or receive an invoice subject to VAT, you must report and pay the tax in the following month.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mghpa0wm-6774f0cf85a0a870e76764a239e4048d'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Once you hire employees, you must withhold and remit their income tax and social security contributions on a monthly basis. These filings should be handled by a qualified accountant, as mistakes can lead to fines or additional scrutiny from the Revenue Department. The cost of hiring an accountant varies depending on the complexity of the business, but foreign investors should budget at least THB 7,000 for a company with few transactions and 40,000 up more for a company having numerous transactions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Failing to deal with any required tax filings can result in late penalties and improper bookkeeping, which could result in additional tax risks in the event of an audit by the Revenue Department.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2fnm19s-7c7d5f8ce606295d6593227988bef52e\">\n#top .hr.hr-invisible.av-2fnm19s-7c7d5f8ce606295d6593227988bef52e{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-2fnm19s-7c7d5f8ce606295d6593227988bef52e hr-invisible  avia-builder-el-99  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-ugt3ov-0e73f2563c116087b489cae78390c46c'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Technology Costs<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mhir3g2u-6c7d93ecc645e33936e683b624ec7263'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Another often overlooked cost is technology-related expenses. Businesses rely on various digital tools and IT infrastructure to operate efficiently.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One of the main technology costs is software licensing. Depending on the activities of the business, companies may require professional software for accounting, project management, customer relationship management (CRM), or cybersecurity.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mhir3nrt-6bc545895cfcc4050d6c7ae11e464a98'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Popular software like Microsoft Office 365, QuickBooks, or Adobe Suite comes with recurring subscription fees that can range from a few thousand to tens of thousands of baht per year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hardware costs also need to be considered. Buying computers, servers, printers, and networking equipment is a necessary expense when setting up a business. High-quality laptops or desktops can cost anywhere from THB 20,000 to THB 80,000 per item, while additional items like external monitors, or office equipment will further increase initial startup costs.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mhir3tuu-aae8ffca5f4d3499a7ff97a4f4c90ce2'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Another important hidden cost for businesses in Thailand is the withholding tax (WHT) on software and service payments made to foreign companies. When a Thai company pays for software or other digital services from a provider outside Thailand, the payment is generally subject to up to 15% WHT (unless the relevant provisions of a Double Tax Agreement applies). If a foreign software service provider is not VAT-registered in Thailand, your company may be required to pay the 7% VAT on their behalf. In such cases, your accountant will include this amount during the monthly tax filing, adding 7% VAT on top of the service fee.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4l7qs5-be80055e42098c6d0d7eef4d3d88c690'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">The Thai tax system considers that since the service is being used within Thailand, VAT should apply, and because the foreign provider does not pay corporate income tax in Thailand, the Thai company must withhold and remit the tax on their behalf. In practice, this means that if a business pays $200 per month for a software subscription, the actual cost to the company will be higher. The company must pay an additional 15% WHT on behalf of the foreign provider (which cannot usually be deducted from the invoice) and 7% VAT, increasing the total expense.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4l7wa0-6bc4b768063450153e8623dbba98143f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Some Double Taxation Agreements (DTA) between Thailand and other countries may provide exemptions or reduced WHT rates, but this depends on the country where the software provider is based.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For businesses with frequent international payments for software and services, one potential option is to set up a holding company in a jurisdiction such as Hong Kong to handle these expenses. Hong Kong\u2019s tax system offers more flexibility in deducting expenses, particularly for travel and entertainment costs, which are more restricted under Thai tax regulations.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2fhczsy-215060e0f34bcdd2995018d4c371f867\">\n#top .hr.hr-invisible.av-2fhczsy-215060e0f34bcdd2995018d4c371f867{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-2fhczsy-215060e0f34bcdd2995018d4c371f867 hr-invisible  avia-builder-el-106  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-mhir47uj-d5e055d5c89d954d8ee8f1600f389b32'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Renting an Office<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mghps835-8e9da67c42068d05f742a6522bf86d79'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Renting an office in Thailand comes with several upfront and ongoing costs that businesses should be aware of. In most cases, landlords require a two-month security deposit along with one month\u2019s rent paid in advance. If renovations are needed before moving in, some landlords may offer one month of free rent to allow the company to complete the setup process.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mhir4o54-51ea54197e4767e7bae59405ffeebb18'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Before signing a lease, it is recommended to conduct due diligence to ensure you are dealing directly with the property owner or an authorized representative. This helps avoid potential legal issues and ensures that the landlord can provide a Letter of Consent, which is required to register your company for VAT and Social Security Office (SSO) registration. Without this document, your business may face complications in registering for VAT and SSO.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Read more:<\/span><\/p>\n<p><a href=\"https:\/\/belaws.com\/thailand\/due-diligence\/\" target=\"_blank\" rel=\"noopener\">Why Due Diligence is Recommended When Purchasing a Property in Thailand<\/a><\/p>\n<p><a href=\"https:\/\/belaws.com\/thailand\/commercial-lease-agreement\/\" target=\"_blank\" rel=\"noopener\">Understanding the Commercial Lease Agreements for Businesses in Thailand<\/a><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1u0dx42-2cf006fc2b43d3245ba3467d112caf13\">\n#top .hr.hr-invisible.av-1u0dx42-2cf006fc2b43d3245ba3467d112caf13{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-1u0dx42-2cf006fc2b43d3245ba3467d112caf13 hr-invisible  avia-builder-el-110  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-mhir6dcu-2904af8b881bf16bfd401b102f9f31de'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Hiring Employees and Staff Turnover<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mhir6ktj-c3f19b75932bc64b0c7e8b9092f42cff'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Another hidden cost when starting a business in Thailand is human resources. The job market in certain sectors is highly competitive, making it challenging to recruit and retain employees.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Many businesses rely on recruitment agencies or job platforms such as JobsDB and ThaiJob to find suitable candidates. However, even after finding a suitable candidate, keeping them for the long term can be challenging.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mhir6q79-59563b90403f488a8f521e18fe4133db'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">A common issue in Thailand is that candidates often accept job offers while continuing to look for other opportunities. While the standard notice period is typically one month, new hires may withdraw at the last minute if they receive a better offer elsewhere, sometimes without even notifying the employer. This can leave businesses in a difficult position, and it&#8217;s often hard to find a replacement quickly. <\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mhir75sz-91b2c7f572213fbd0f79c4365d2dc6e3'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Staff turnover is another major concern, as employees may leave with short notice, sometimes less than a month. Building a stable team in the early stages of a business can be particularly difficult, and high turnover rates can be costly due to the time and resources required for continuous recruitment and training. To try and reduce the chances of this happening, companies should focus on creating a positive work environment, offering incentives that align with employee expectations, and understanding local workplace culture. <\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-12ycrfm-ed80dd5a0524a75ec282f3b4bae7c79d\">\n#top .hr.hr-invisible.av-12ycrfm-ed80dd5a0524a75ec282f3b4bae7c79d{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-12ycrfm-ed80dd5a0524a75ec282f3b4bae7c79d hr-invisible  avia-builder-el-115  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-sazr0i-e81d51b9b9d82072986f4fa91f0ff00e'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>What are the Salary and Employee Welfare Requirements in Thailand?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mhir98jy-5567661d3839cf781258c40b13a58725'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Once an individual starts employment with a Thai company, there are several financial contributions they will need to understand. Common examples include monthly payroll deductions such as personal income tax, social security contributions, and, where applicable, provident fund contributions.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4lcxn5-93daf15dc552d9edd598fa18bb7223b1'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><span style=\"font-weight: 400;\">Minimum Salary Requirements<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In Thailand, the minimum wage for Thai and foreign employees are completely separate, with Thai employees subject to provincial daily wage rates and foreign employees subject to nationality-based minimum salary rules.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The minimum daily wage rates in each province for Thai employees are as follows:<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4ld7fz-ba119cde7a2f2318cf31135bcff67977'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><table>\n<tbody>\n<tr>\n<td><b>Minimum daily wage (THB)<\/b><\/td>\n<td><b>Provinces \/ cities<\/b><\/td>\n<\/tr>\n<tr>\n<td rowspan=\"2\"><span style=\"font-weight: 400;\">400<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Bangkok, Chachoengsao, Chonburi, Phuket, Rayong, Ko Samui (Surat Thani)<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Hotel Business, Entertainment Place Business\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(all over the country)<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">380<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Mueang Chiang Mai (Chiang Mai), Hat Yai (Songkhla)<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">372<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Nakhon Pathom, Nonthaburi, Pathum Thani, Samut Prakan, Samut Sakhon<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">359<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Nakhon Ratchasima<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">358<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Samut Songkhram<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">357<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Khon Kaen, Chiang Mai (excluding Mueang Chiang Mai), Prachinburi, Phra Nakhon Si Ayutthaya, Saraburi<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">356<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Lopburi<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">355<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Nakhon Nayok, Suphanburi, Nong Khai<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">354<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Krabi, Trat<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">352<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Kanchanaburi, Chanthaburi, Chiang Rai, Tak, Nakhon Phanom, Buriram, Prachuap Khiri Khan, Phang Nga, Phitsanulok, Mukdahan, Sakon Nakhon, Songkhla (excluding Hat Yai), Sa Kaeo, Surat Thani (excluding Ko Samui), Ubon Ratchathani<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">351<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Chumphon, Phetchaburi, Surin<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">350<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Nakhon Sawan, Yasothon, Lamphun<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">349<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Kalasin, Nakhon Si Thammarat, Bueng Kan, Phetchabun, Roi Et<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">348<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Chai Nat, Chaiyaphum, Phatthalung, Sing Buri, Ang Thong<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">347<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Kamphaeng Phet, Phichit, Maha Sarakham, Mae Hong Son, Ranong, Ratchaburi, Lampang, Loei, Si Sa Ket, Satun, Sukhothai, Nong Bua Lamphu, Amnat Charoen, Udon Thani, Uttaradit, Uthai Thani<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">345<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Trang, Nan, Phayao, Phrae<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">337<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Narathiwat, Pattani, Yala<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4ldlg2-5e90f7bcaa9f3fa7b43db335433ca936'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><span style=\"font-weight: 400;\">Minimum Wage Rates in Thailand for Foreigners<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In Thailand, the minimum monthly wage for foreign employees varies by nationality. The applicable rates are as follows:<\/span><\/p>\n<p><b>*Please note, the minimum wage requirements for foreigners are monthly and not daily like for Thai nationals.<\/b><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4ldu32-9bc2764182a401fd20351187afcd7a8b'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><table>\n<tbody>\n<tr>\n<td><b>Minimum monthly wage (THB)<\/b><\/td>\n<td><b>Nationality<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">THB 50,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">USA, Canada, Western Europe, Australia, Japan<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">THB 45,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Hong Kong, South Korea, Singapore, Taiwan<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">THB 35,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Other Asian Countries (Excluding Japan, South Korea, Singapore, Taiwan, and ASEAN nations)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Eastern Europe, Russia, South Africa, Central &amp; South America<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">THB 25,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">ASEAN Countries (Cambodia, Laos, Myanmar, Vietnam) &amp; Other African Nations<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4le53b-624ac1d0217dbf3ede9d10077b97e250'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><span style=\"font-weight: 400;\">Minimum Salary Requirements for BOI Promoted Companies<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Companies promoted by the Board of Investment in Thailand follow their own specific rules and requirements regarding minimum salary levels for foreign employees.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The minimum salary requirements for a BOI promoted company are as follows:<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4lecr8-364d7b21f4fcac384b41839e5d5ce6ea'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><table>\n<tbody>\n<tr>\n<td><b>Position<\/b><\/td>\n<td><b>New Criteria\u00a0<\/b><\/td>\n<td><b>Minimum Salary (THB\/month)<\/b><\/td>\n<td><b>Additional Clarifications<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Executive<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Must be at least 20 years old (27+ recommended).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">No specific experience required.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">150,000+<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Chairman, CEO, and Managing Director roles are exempt from this requirement.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Management<\/b><\/td>\n<td><span style=\"font-weight: 400;\">At least 27 years old\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">5+ years of relevant work experience.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">75,000+<\/span><\/td>\n<td><span style=\"font-weight: 400;\">With a relevant degree: salary can be reduced to 50,000 THB.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Operations Staff<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Minimum age of 22\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">2 to 5 years of relevant work experience.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">50,000+<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u2014<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Engineer<\/b><\/td>\n<td><span style=\"font-weight: 400;\">At least 22 years old.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Have an engineering degree.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">2+ years\u2019 of relevant work experience.<\/span><\/p>\n<p><b>Without an engineering degree<\/b><\/p>\n<p><span style=\"font-weight: 400;\">10 years of relevant work experience.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">75,000+<\/span><\/td>\n<td><span style=\"font-weight: 400;\">With a degree and experience: salary can be 50,000 THB.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>IT Specialist<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Minimum age of 22\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">2 to 5 years of relevant work experience.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">50,000+<\/span><\/td>\n<td><span style=\"font-weight: 400;\">If no relevant degree: at least 5 years of work experience required.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>BPO \/ TISO \/ IBPO<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Must be at least 22 years old\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Be also to show proof of relevant training.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">35,000+<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u2014<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4lejvw-fef6cf55ca66817ace1468bbbe2be30b'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">These salary requirements must be fully satisfied to obtain or renew BOI visa and work permit privileges, and they are reviewed during both the initial application and each renewal stage.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4leqxa-ebe2663613f31146041f8cc0da1aec8f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><b>Social Security Contributions<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">As required under the Social Security Act, all employers (Thai and foreign) in Thailand must register and make contributions on behalf of their employees.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Companies are required to register with the Social Security Office (SSO) within 30 days of hiring their first employee. Once registered, both the employer and the employee contribute 5 percent of the employee\u2019s monthly salary to the Social Security Fund, capped at a maximum contribution of 875 baht each per month.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4ley0n-0ec1fa69dc0adff0da8d9152063ca430'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><\/h3>\n<p><span style=\"font-weight: 400;\">The maximum monthly contributions are:<\/span><\/p>\n<h3><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">For an employee: 5% of THB 17,500 = THB 875 per month.\u00a0\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">For an employer: 5% of THB 17,500 = THB 875 per month.\u00a0\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Total maximum contribution (employer + employee): THB 1,750 per month.<\/span><\/li>\n<\/ul>\n<h3><\/h3>\n<p><span style=\"font-weight: 400;\">Social Security filings and payments must be submitted by the 15th of the following month. Employers are also expected to maintain accurate payroll records to support compliance. Failure to comply with these obligations can lead to financial penalties and may create complications for companies employing foreign nationals, particularly when processing visa or work permit applications.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4lf8wm-6c5b735c3fa9bcf38486c82ac12b58fb'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><\/h3>\n<h3><span style=\"font-weight: 400;\">Employees Provident Fund<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The Provident Fund is an optional retirement savings scheme designed to help employees build financial security for the future. Where applicable, contribution rates usually range from 2% to 15% of the employee\u2019s monthly salary.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4lffpq-fa682785062fafc687ad907da7e70bc8'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><\/h3>\n<h4><span style=\"font-weight: 400;\">Employee Welfare Fund (EWF)<\/span><\/h4>\n<h3><\/h3>\n<p><span style=\"font-weight: 400;\">The Employee Welfare Fund is a newly introduced program under the Labor Protection Act to provide financial support to employees in cases of termination, resignation, or death.\u00a0<\/span><\/p>\n<h3><\/h3>\n<p><span style=\"font-weight: 400;\">Starting on the 1st October 2026, all employers in Thailand with 10 or more employees are required to register their staff with the fund, unless they already offer a registered provident fund or a comparable scheme that provides equivalent benefits.\u00a0<\/span><\/p>\n<h3><\/h3>\n<p><span style=\"font-weight: 400;\">An exemption is available for companies with alternative programs. However, this fund must cover all employees, not just a portion of the workforce. <\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4lflhm-bbcc20898a0c72c97b685efa51b42353'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><\/h3>\n<h3><span style=\"font-weight: 400;\">Strict Labour Law Requirements<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In Thailand, it is possible for an employer to terminate an employee\u2019s employment at its discretion. However, should the dismissal be made without a statutory cause, as provided under the Labour Protection Act B.E. 2541, the company could be liable for statutory payments to be made to the employee, for example, severance pay, wages to the last working day and any unused vacation days.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4lfrwm-504e7b36209ec6cf40b0325f17bd9e1a'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><\/h3>\n<h4><span style=\"font-weight: 400;\">Statutory Payments<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">When an employee leaves a company, whether with or without statutory cause, the employee may be entitled to specific statutory payments under Thai labour law. These may include severance pay, payment in lieu of notice, unused annual leave, and other mandatory entitlements depending on the circumstances of termination.<\/span><\/p>\n<h3><\/h3>\n<p><span style=\"font-weight: 400;\">The details of these statutory payments can be found here:<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4lfzji-b547579829c5662d29da74b0699c2fd3'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><\/h3>\n<table>\n<tbody>\n<tr>\n<td><b>Statutory payments<\/b><\/td>\n<td><b>With cause<\/b><\/td>\n<td><b>Without cause<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Wage until the employee\u2019s last working day<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Yes<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Yes<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Payment in lieu of advanced notice<\/span><\/td>\n<td><span style=\"font-weight: 400;\">No<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Yes<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Severance pay<\/span><\/td>\n<td><span style=\"font-weight: 400;\">No<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Yes<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Payment for unused annual leave<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Only accumulated unused annual leave<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Both accumulated and prorated annual leave<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Other payments if any<\/span><\/td>\n<td><span style=\"font-weight: 400;\">If any<\/span><\/td>\n<td><span style=\"font-weight: 400;\">If any<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Compensation for unfair dismissal<\/span><\/td>\n<td><span style=\"font-weight: 400;\">At the courts discretion<\/span><\/td>\n<td><span style=\"font-weight: 400;\">At the courts discretion<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4lg99c-33361048188f65e2559772bf508d5c25'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><\/h3>\n<p><span style=\"font-weight: 400;\">Read more:<\/span><\/p>\n<p><a href=\"https:\/\/belaws.com\/thailand\/terminating-an-employee-in-thailand\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Everything you need to know about terminating an employee in Thailand<\/span><\/a><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4lghou-d0754b7ed74b2a41ccdb7d97f500c1cb'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><\/h3>\n<h4><span style=\"font-weight: 400;\">Rates of Severance Pay<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Employees who have worked for at least 120 days are entitled to severance pay if they are dismissed without statutory cause.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The severance pay rates are as follows:<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4lgo4l-17eae108ff193e176b8be837d3d21e2a'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><\/h3>\n<table>\n<tbody>\n<tr>\n<td><b>Employment period<\/b><\/td>\n<td><b>Rate of severance pay<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">120 days but less than one year<\/span><\/td>\n<td><span style=\"font-weight: 400;\">30 days<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">One year but less than three years<\/span><\/td>\n<td><span style=\"font-weight: 400;\">90 days<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Three years but less than six years<\/span><\/td>\n<td><span style=\"font-weight: 400;\">180 days<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Six years but less than 10 years<\/span><\/td>\n<td><span style=\"font-weight: 400;\">240 days<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">10 years but less than 20 years<\/span><\/td>\n<td><span style=\"font-weight: 400;\">300 days<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">20 years or more<\/span><\/td>\n<td><span style=\"font-weight: 400;\">400 days<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4lgyau-8e5ff06b915b963bf83b71fd3b433304'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h3><span style=\"font-weight: 400;\">Indirect Costs to be Considered<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">As well as the fixed salary and statutory contributions, employers in Thailand should also be aware of several indirect labour-related costs that are often overlooked or not considered.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">Public Holidays and Paid Leave<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Thailand has a relatively high number of national public holidays each year. These are fully paid days off, and the total can vary depending on government announcements. For businesses these recurring paid holidays can reduce productive working hours and increase the need for overtime or additional staffing during peak periods.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4lh455-905cb7d7402897f8817d3249eec84281'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><h4><span style=\"font-weight: 400;\">Sick Leave and Attendance-Related Impact<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Under Thai labour law, employees are entitled to up to 30 days of paid sick leave per year. Employees may take up to two consecutive days of sick leave without needing to present a medical certificate. While the sick leave requirements were intended to support employee welfare, it can also create challenges for employers, particularly in industries that depend on consistent staffing levels. Some companies experience attendance issues that lead to higher overtime expenses etc.<\/span><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-qmfyto-1206554dca4fdae28a492cb8b465262c\">\n#top .hr.hr-invisible.av-qmfyto-1206554dca4fdae28a492cb8b465262c{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-qmfyto-1206554dca4fdae28a492cb8b465262c hr-invisible  avia-builder-el-137  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-mm4lhcqq-90fe3cf36342c290310fffdec4ce8425'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Our Thoughts<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4lhkpx-2eacdf7a6a63f9fd1d66284af5bfb640'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">In Thailand, company incorporation is mainly an administrative process that involves following a series of fixed steps including reserving a company name, filing the required forms, and registering with the relevant authorities. In Thailand there are many service providers that offer this service at a very low cost.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, foreign investors should understand that incorporation is not the same as structuring a business properly.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4lhu8l-7bd858f4a6f15511f867a0941b57b218'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">From the beginning, several important points need careful consideration: the registered address, the company\u2019s stated objectives, the shareholding structure, capital requirements, and any licensing restrictions connected to your intended activities. Changing a registered address later, for example, involves additional filings, fees, and formalities. A poorly drafted structure can restrict future expansion, create compliance complications, or lead to costly amendments that could have been avoided with proper planning at the beginning.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4li045-82d9d5c8ddb1880526024bd518d62046'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">There are also operational considerations that must be addressed from the outset. Accounting systems, monthly tax filings and internal corporate documentation are mandatory requirements that must be satisfied in order to avoid penalties such as fines or restrictions on renewing a visa or work permit. They are part of running a Thai company from day one.<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-mm4li4xt-fccf5ccbaae239e21eeb22284fa66cf9'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Thailand remains a competitive jurisdiction, particularly in terms of employment costs and social contributions. With proper planning and realistic budgeting, it can be a highly efficient place to operate.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Our experts are available to help structure your company correctly from the start and to provide a clear understanding of the true startup and compliance costs, so that there are no surprises later.<\/span><\/p>\n<\/div><\/section><br \/>\n<div  class='avia-button-wrap avia-button-left  avia-builder-el-143  el_after_av_textblock  el_before_av_textblock  bouton-cta' ><a href=\"https:\/\/wa.me\/+66636955945\" class=\"avia-button av-2jecc0-9f69b555aea8f785c4fda44efe1a4647 avia-icon_select-yes-right-icon avia-size-large avia-position-left avia-color-theme-color\" target=\"_blank\" rel=\"noopener noreferrer\"><span class='avia_iconbox_title' >Talk to an expert<\/span><span class='avia_button_icon avia_button_icon_right' aria-hidden='true' data-av_icon='\uf232' data-av_iconfont='entypo-fontello'><\/span><\/a><\/div><br \/>\n<section  class='av_textblock_section av-202agu-c2abc468d489a64dbd7aa9abcb6a5ea1'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>If you want to learn more about Moving to Thailand and how our experts can help with your accounting and secretary needs, please click <a href=\"https:\/\/belaws.com\/thailand\/accounting-secretary\/\" target=\"_blank\" rel=\"noopener\">here<\/a>. For more details about our incorporation services, please click<a href=\"https:\/\/belaws.com\/thailand\/incorporation\/\" target=\"_blank\" rel=\"noopener\">\u00a0here.<\/a><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-q93pwe-6d5bb40d417741c03ce1e2231424ffaa'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><em>Please note that this article is for information purposes only and <strong>does not constitute legal advice<\/strong>.<\/em><\/p>\n<\/div><\/section><br \/>\n<div  class='av-social-sharing-box av-l4rstf25-09aa8edfee9bfff0c66b62d8ea68b23c av-social-sharing-box-default  avia-builder-el-146  el_after_av_textblock  el_before_av_hr  av-social-sharing-box-fullwidth'><div class=\"av-share-box\"><h5 class='av-share-link-description av-no-toc '>Share this post<\/h5><ul class=\"av-share-box-list noLightbox\"><li class='av-share-link av-social-link-facebook' ><a target=\"_blank\" aria-label=\"Share on Facebook\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/belaws.com\/thailand\/company-creation-in-thailand\/&#038;t=What%20are%20the%20Hidden%20Costs%20of%20Company%20Creation%20in%20Thailand%3F\" aria-hidden=\"false\" data-av_icon=\"\ue8f3\" data-av_iconfont=\"entypo-fontello\" title=\"\" data-avia-related-tooltip=\"Share on Facebook\" rel=\"noopener\"><span class='avia_hidden_link_text'>Share on Facebook<\/span><\/a><\/li><li class='av-share-link av-social-link-twitter' ><a target=\"_blank\" aria-label=\"Share on Twitter\" href=\"https:\/\/twitter.com\/share?text=What%20are%20the%20Hidden%20Costs%20of%20Company%20Creation%20in%20Thailand%3F&#038;url=https:\/\/belaws.com\/thailand\/?p=17100\" aria-hidden=\"false\" data-av_icon=\"\ue8f1\" data-av_iconfont=\"entypo-fontello\" title=\"\" data-avia-related-tooltip=\"Share on Twitter\" rel=\"noopener\"><span class='avia_hidden_link_text'>Share on 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class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-5ka1u4i-0db23ffaf8086b251602c5cfacc820d6\">\n#top .hr.hr-invisible.av-5ka1u4i-0db23ffaf8086b251602c5cfacc820d6{\nheight:80px;\n}\n<\/style>\n<div  class='hr av-5ka1u4i-0db23ffaf8086b251602c5cfacc820d6 hr-invisible  avia-builder-el-150  el_after_av_hr  el_before_av_image  av-desktop-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-5a0uxwi-7ccc193c42e26dfbda00fc4e4d46eb6c\">\n.avia-image-container.av-5a0uxwi-7ccc193c42e26dfbda00fc4e4d46eb6c .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-5a0uxwi-7ccc193c42e26dfbda00fc4e4d46eb6c av-styling- avia-align-center  avia-builder-el-151  el_after_av_hr  el_before_av_hr  radius_10 img'  itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><a href=\"https:\/\/calendly.com\/belaws\/legalthailand?utm_source=belaws&amp;utm_medium=website&amp;utm_content=thailand-immediate-consultation&amp;month=2022-09\" class=\"avia_image\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" class='wp-image-6668 avia-img-lazy-loading-not-6668 avia_image' src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation-300x242.png\" alt='Immediate Consultation' title='Immediate Consultation'  height=\"242\" width=\"300\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation.png 990w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/04\/Immediate-Consultation-705x570.png 705w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-hiqzfm-6486223e74b522fdd2492db79fb2a899\">\n#top .hr.hr-invisible.av-hiqzfm-6486223e74b522fdd2492db79fb2a899{\nheight:25px;\n}\n<\/style>\n<div  class='hr av-hiqzfm-6486223e74b522fdd2492db79fb2a899 hr-invisible  avia-builder-el-152  el_after_av_image  el_before_av_button '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<div  class='avia-button-wrap avia-button-center  avia-builder-el-153  el_after_av_hr  el_before_av_hr  bouton-cta' ><a href=\"https:\/\/calendly.com\/vbapartners\/legalconsultation\" class=\"avia-button av-4jrvqjm-2293cf67ae45b2d353495c3b64fdeded avia-icon_select-yes-right-icon avia-size-large avia-position-center avia-color-theme-color\" target=\"_blank\" rel=\"noopener noreferrer\"><span class='avia_iconbox_title' >Book now<\/span><span class='avia_button_icon avia_button_icon_right' aria-hidden='true' data-av_icon='\ue871' data-av_iconfont='entypo-fontello'><\/span><\/a><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-3vdixs2-908c0a99871f60d4ecdbc4ea0d89b26f\">\n#top .hr.hr-invisible.av-3vdixs2-908c0a99871f60d4ecdbc4ea0d89b26f{\nheight:25px;\n}\n<\/style>\n<div  class='hr av-3vdixs2-908c0a99871f60d4ecdbc4ea0d89b26f hr-invisible  avia-builder-el-154  el_after_av_button  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-3c72jj6-725e6e295926213fec640ac98a114c81'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_14'  itemprop=\"text\" ><p>Our consultations last for a period of up to 1 hour and are conducted by expert Lawyers who are fluent in English, French and Thai.<\/p>\n<p>Consultations can be hosted via WhatsApp or Video Conferencing software for your convenience. A consultation with one of our legal experts about your company registration is undoubtedly the best way to get all the information you need and answer any questions you may have about your new business or project.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-31ahb8i-cc03d0fc8bf8a5d51ba65ba013d9759a\">\n#top .hr.hr-invisible.av-31ahb8i-cc03d0fc8bf8a5d51ba65ba013d9759a{\nheight:15px;\n}\n<\/style>\n<div  class='hr av-31ahb8i-cc03d0fc8bf8a5d51ba65ba013d9759a hr-invisible  avia-builder-el-156  el_after_av_textblock  el_before_av_codeblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<br \/>\n<br \/>\n<br \/>\n<br \/>\n<\/p><\/div><\/div><\/div><\/div><!-- close content main div --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-l8ctxpd9-095dc0c75aa2de5329ec8b624b867e69\">\n.avia-section.av-l8ctxpd9-095dc0c75aa2de5329ec8b624b867e69{\nbackground-color:#dfeef6;\n}\n<\/style>\n<div id='av_section_5'  class='avia-section av-l8ctxpd9-095dc0c75aa2de5329ec8b624b867e69 main_color avia-section-default avia-no-border-styling  avia-builder-el-162  el_after_av_section  el_before_av_one_full  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-17100'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-fyhro1-0cf30a10ffa966a21c55aed6dcf53641\">\n#top .hr.hr-invisible.av-fyhro1-0cf30a10ffa966a21c55aed6dcf53641{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-fyhro1-0cf30a10ffa966a21c55aed6dcf53641 hr-invisible  avia-builder-el-163  el_before_av_textblock  avia-builder-el-first  av-desktop-hide av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<section  class='av_textblock_section av-e8bwe9-42a5aa99fe46b76eb6bea8fd40de44ad'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h3_bleu'  itemprop=\"text\" ><h3 style=\"text-align: left;\">FAQ<\/h3>\n<\/div><\/section>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-37pzrl-0e2130f093209067c90d3f6b04c2d251\">\n#top .hr.hr-invisible.av-37pzrl-0e2130f093209067c90d3f6b04c2d251{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-37pzrl-0e2130f093209067c90d3f6b04c2d251 hr-invisible  avia-builder-el-165  el_after_av_textblock  el_before_av_toggle_container  av-desktop-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div  class='togglecontainer av-mie8jbbz-62c502c248aadc6be77f7a957d3deb16  avia-builder-el-166  el_after_av_hr  avia-builder-el-last  av-accordion-style-2 toggle_close_all'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/FAQPage\" >\n<section class='av_toggle_section av-a0o1rz6-d7ef7527dc72063cd5f5a22427b0ad44'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-1' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-1'>How do I calculate import duty in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-1' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Import duty in Thailand is calculated based on your product&#8217;s CIF value (Cost + Insurance + Freight). The duty rate varies from 0% to 80% depending on what you&#8217;re importing. For example, if you&#8217;re bringing in electronics worth 10,000 Baht with a 10% duty rate, you&#8217;d pay 1,000 Baht in import duty.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-9k1kuoy-733fabf38279f269f419fc48ea11a2f1'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-2' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-2'>How can I check what import duty rate applies to my products in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-2' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Thailand uses the Harmonized System (HS Code) to classify imports, specifically following the ASEAN Harmonized Tariff Nomenclature (AHTN 2022). You&#8217;ll need to find your product&#8217;s HS code to determine the exact duty rate. The rates are outlined in the Customs Tariff Decree of 2017.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-8t09exu-e92c44de44a6d8f371a04846dbc12ba9'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-3' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-3'>What items are exempt from import duty in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-3' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>If you&#8217;re a BOI (Board of Investment) company or registered in Special Economic Zones (SEZs), you may qualify for import tax exemptions on machinery and certain raw materials. Additionally, goods imported under Free Trade Agreements may have reduced or zero duty rates if they meet the Rules of Origin requirements.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-8gepeaq-6bb991cce06178d3776ca08b9645f38a'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-4' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-4'>Does Thailand have import tariffs?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-4' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Yes, Thailand applies import tariffs ranging from 0% to 80% depending on the product category. The country uses either a specific duty (fixed amount) or an ad valorem duty (percentage of value), whichever is higher.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-847m7nm-377146adb933fe079e48eef581f1068f'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-5' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-5'>Do I need to pay import charges when bringing goods into Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-5' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Yes, you&#8217;ll need to pay multiple charges including import duties (0-80%), 7% VAT on all goods, and potentially excise taxes if you&#8217;re importing luxury items, alcohol, tobacco, or petroleum products. There&#8217;s also a 10% local tax on top of excise tax for certain items.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-7o5zgjm-b189cc5948a2232453865fd0b21c763d'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-6' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-6'>What is the VAT tax rate on imported items in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-6' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>The standard VAT rate in Thailand is 7%, applied to all imported goods regardless of value. This changed in July 2024 &#8211; previously, items under 1,500 Baht were exempt, but now everything is taxed.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-797clk2-63ddda3dfa67ca3fa6adef56a8c4fdb0'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-7' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-7'>Is there a duty-free allowance for imports into Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-7' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>There&#8217;s no general duty-free threshold mentioned for commercial imports. As of July 2024, all imported goods are subject to 7% VAT regardless of their value, which eliminated the previous exemption for low-value goods under 1,500 Baht.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-okdn4y-15821bc46f9ba6f7ab9177ca4eeac6bd'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-8' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-8'>Do foreigners pay different import taxes than Thai nationals?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-8' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Import taxes aren&#8217;t different for foreigners versus Thai nationals. Everyone pays the same import duties (0-80%), 7% VAT, and applicable excise taxes. However, to import<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-67at876-a6e10b7e16caa4fa499634375cae620a'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-9' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-9'>Can I reduce my import taxes through Thailand\u2019s trade agreements?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-9' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Yes, Thailand has signed numerous Free Trade Agreements with countries like Japan, India, Australia, and ASEAN nations, which can significantly reduce or eliminate duties on qualifying goods. You&#8217;ll need proper documentation like a Certificate of Origin to claim these benefits.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-5yj7cf6-9ee0c980f1177c7caea615c4538f127c'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-10' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-10'>Why does Thailand charge import taxes?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-10' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Import taxes serve multiple purposes in Thailand &#8211; they protect local industries, ensure safety standards, generate government revenue, and help balance international trade relationships. The system is regulated under the Customs Act and Customs Tariff Decree.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-5dvtihu-b7d947713e9ff7a04d8acc0e58a1f044'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-11' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-11'>What\u2019s the formula for calculating Thailand import taxes?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-11' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Here&#8217;s a simple example: If you import goods worth 10,000 Baht (CIF value) with a 10% import duty, you&#8217;d calculate: Import Duty = 1,000 Baht, VAT Base = 11,000 Baht (CIF + Duty), VAT = 770 Baht (7% of VAT base), Total Tax = 1,770 Baht. For luxury items with excise taxes, the calculation becomes more complex.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-4nhd4de-cfd1d684a97ebce3f17afaf6e37879a4'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-12' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-12'>Do I need to pay VAT on small-value imports to Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-12' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Yes, as of July 2024, you must pay 7% VAT on all imported goods regardless of value. The previous exemption for goods under 1,500 Baht no longer applies.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-47ywixu-bc3e0a9a6b03522236c95589ca00db2e'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-13' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-13'>Who benefits from Thailand\u2019s import tax system?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-13' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Import taxes benefit the Thai government through revenue collection and help protect local industries by making imported goods more expensive. However, businesses can benefit from reduced taxes through Free Trade Agreements and special programs like BOI company status or SEZ registration.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-3ubwcci-969cb28beeb2695b6d388bb195f44c27'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-14' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-14'>How is VAT calculated on imported goods in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-14' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Thailand applies 7% VAT to the total value including the CIF value plus import duties and any other applicable charges. So VAT is calculated on top of the import duty, not just the product value.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-3luttz6-0e0039ce1396d070cf63c8a62834c204'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-15' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-15'>What\u2019s the difference between import duty and VAT in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-15' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>They&#8217;re separate charges. Import duty is calculated first based on your product&#8217;s CIF value (ranging from 0-80%). Then VAT (7%) is calculated on the total of the CIF value plus import duty plus any other charges. You pay both.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-2yfllwi-a3c45148bc54aebaf353df3481424312'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-16' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-16'> How do I know if I\u2019m required to pay import tax in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-16' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>If you&#8217;re importing goods into Thailand commercially, you&#8217;ll definitely need to pay import taxes. You must register with Thai Customs, obtain a paperless license valid for 3 years, and use the e-Customs system. All commercial imports are subject to duties and VAT.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-2dp4bmq-1fb44be42bac655847341dea90770d82'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-17' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-17'>Which products qualify for reduced import duties in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-17' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>BOI companies and businesses registered in Special Economic Zones may get exemptions on machinery and certain raw materials. Additionally, goods qualifying under Free Trade Agreements with countries like Japan, India, Australia, or ASEAN nations may have reduced or zero duties if you have the proper Certificate of Origin.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-29223aa-719d5306498c91603112dd6b96876666'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-18' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-18'>What documents do I need to verify my import duty rate in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-18' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>You&#8217;ll need to identify your product&#8217;s HS Code under the ASEAN Harmonized Tariff Nomenclature (AHTN 2022). The specific duty rate depends on your product classification and can range from 0% to 80%. Thailand Customs maintains the official tariff schedules.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-1mn35ya-9886a03dca9947492410c5026d536517'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-19' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-19'>How do I calculate both import duty and VAT for Thailand imports?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-19' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Here&#8217;s the formula: First calculate Import Duty (CIF value \u00d7 duty rate). Then calculate VAT base (CIF value + Import Duty + any fees). Finally, VAT = VAT base \u00d7 7%. For luxury goods, you&#8217;ll also need to add excise tax and a 10% interior tax before calculating VAT.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-12eeqo2-4c1cc94f6a27e1f3a6bed39eaf81e446'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-20' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-20'>Are there any products I can import to Thailand without paying duty?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-20' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Items eligible for exemption include machinery and certain raw materials for BOI companies and SEZ-registered businesses. Products imported under Free Trade Agreements may also qualify for reduced or zero duties. You&#8217;ll need proper documentation like a Certificate of Origin to claim these benefits.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-ten7wi-bc9f139821ae6424522e7ca6f1c9c5b0'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-21' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-21'>Can foreigners own 100% of a business in Thailand?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-21' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>Yes, foreigners can own 100% of a business in Thailand, depending on the type of business and its structure. Activities such as export and manufacturing can be fully foreign-owned without restrictions, while other sectors may require a Foreign Business License (FBL) or Board of Investment (BOI) promotion.<\/p>\n<\/div><\/div><\/div><\/section>\n<\/div>\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='after_section_5'  class='main_color av_default_container_wrap container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-17100'><div class='entry-content-wrapper clearfix'><\/p>\n<div class='flex_column av-qqtyiz-0d401a2ec3b1be9fe8b6b4ff052340e0 av_one_full  avia-builder-el-167  el_after_av_section  el_before_av_section  avia-builder-el-no-sibling  first flex_column_div '   ><section  class='av_textblock_section av-2jjczv-f8cba9213d57d135389f2377189c4f87'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Related articles<\/h2>\n<\/div><\/section><br \/>\n<div id='av-masonry-1' class='av-masonry av-2fkee3-b62bdb658cee0ea53234de2b00e9e841 noHover av-flex-size av-large-gap av-hover-overlay-active av-masonry-animation-active av-masonry-col-3 av-caption-always av-caption-style- av-masonry-entries '><div class=\"av-masonry-container isotope av-js-disabled\"><div class='av-masonry-entry isotope-item av-masonry-item-no-image '><\/div><a href=\"https:\/\/belaws.com\/thailand\/registering-a-company-in-thailand\/\" id=\"av-masonry-1-item-5194\" data-av-masonry-item=\"5194\" class=\"av-masonry-entry isotope-item post-5194 post type-post status-publish format-standard has-post-thumbnail hentry category-incorporation category-corporate tag-francais tag-limited-company tag-registering-a-company-in-thailand  av-masonry-item-with-image\" title=\"What is the cost of registering a company in Thailand?\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\"><div class='av-inner-masonry-sizer'><\/div><figure class='av-inner-masonry main_color'><div class=\"av-masonry-outerimage-container\"><div class='av-masonry-image-container'   ><img decoding=\"async\" width=\"705\" height=\"570\" class=\"wp-image-5196 avia-img-lazy-loading-not-5196\"  src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087-705x570.png\" title=\"What is the cost of registering a company in Thailand?\" alt=\"What is the cost of registering a company in Thailand?\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087-705x570.png 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/087.png 990w\" sizes=\"(max-width: 705px) 100vw, 705px\" \/><\/div><\/div><figcaption class='av-inner-masonry-content site-background'><div class='av-inner-masonry-content-pos'><div class='av-inner-masonry-content-pos-content'><div class='avia-arrow'><\/div><h3 class='av-masonry-entry-title entry-title '  itemprop=\"headline\" >What is the cost of registering a company in Thailand in 2025?<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >21\/10\/2021<br \/>\r\nAll you need to know about the cost of creating and registering a company in Thailand.<\/div><span class='av-masonry-date meta-color updated'>October 21, 2021<\/span><span class=\"av-masonry-text-sep text-sep-author\">\/<\/span><span class='av-masonry-author meta-color author'><span class='fn'>by bertrand_admin_belaws<\/span><\/span><\/div><\/div><\/figcaption><\/figure><\/a><!--end av-masonry entry--><a href=\"https:\/\/belaws.com\/thailand\/raising-funds-thailand-safe\/\" id=\"av-masonry-1-item-5217\" data-av-masonry-item=\"5217\" class=\"av-masonry-entry isotope-item post-5217 post type-post status-publish format-standard has-post-thumbnail hentry category-raising-funds category-corporate category-incorporation  av-masonry-item-with-image\" title=\"Raising funds in Thailand with a SAFE\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\"><div class='av-inner-masonry-sizer'><\/div><figure class='av-inner-masonry main_color'><div class=\"av-masonry-outerimage-container\"><div class='av-masonry-image-container'   ><img decoding=\"async\" width=\"705\" height=\"570\" class=\"wp-image-5222 avia-img-lazy-loading-not-5222\"  src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091-705x570.png\" title=\"Raising funds in Thailand with a SAFE\" alt=\"Raising funds in Thailand with a SAFE\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091-705x570.png 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/10\/091.png 990w\" sizes=\"(max-width: 705px) 100vw, 705px\" \/><\/div><\/div><figcaption class='av-inner-masonry-content site-background'><div class='av-inner-masonry-content-pos'><div class='av-inner-masonry-content-pos-content'><div class='avia-arrow'><\/div><h3 class='av-masonry-entry-title entry-title '  itemprop=\"headline\" >Raising funds in Thailand with a SAFE<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >21\/10\/2021<br \/>\r\nAs an entrepreneur seeking funding in Thailand, there are a variety of term sheet options available, including the SAFE (Simple Agreement for Future Equity).<\/div><span class='av-masonry-date meta-color updated'>October 21, 2021<\/span><span class=\"av-masonry-text-sep text-sep-author\">\/<\/span><span class='av-masonry-author meta-color author'><span class='fn'>by bertrand_admin_belaws<\/span><\/span><\/div><\/div><\/figcaption><\/figure><\/a><!--end av-masonry entry--><a href=\"https:\/\/belaws.com\/thailand\/thai-company-shareholder-death\/\" id=\"av-masonry-1-item-5301\" data-av-masonry-item=\"5301\" class=\"av-masonry-entry isotope-item post-5301 post type-post status-publish format-standard has-post-thumbnail hentry category-incorporation category-corporate  av-masonry-item-with-image\" title=\"What happens to my Thai company if a shareholder passes away \/ dies?\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\"><div class='av-inner-masonry-sizer'><\/div><figure class='av-inner-masonry main_color'><div class=\"av-masonry-outerimage-container\"><div class='av-masonry-image-container'   ><img decoding=\"async\" width=\"705\" height=\"570\" class=\"wp-image-1011 avia-img-lazy-loading-not-1011\"  src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/08\/029-705x570.png\" title=\"What happens to my Thai company if a shareholder passes away \/ dies?\" alt=\"What happens to my Thai company if a shareholder passes away \/ dies?\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/08\/029-705x570.png 705w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/08\/029-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/08\/029-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/08\/029-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/08\/029-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/08\/029-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2021\/08\/029.png 990w\" sizes=\"(max-width: 705px) 100vw, 705px\" \/><\/div><\/div><figcaption class='av-inner-masonry-content site-background'><div class='av-inner-masonry-content-pos'><div class='av-inner-masonry-content-pos-content'><div class='avia-arrow'><\/div><h3 class='av-masonry-entry-title entry-title '  itemprop=\"headline\" >What happens to my Thai company if a shareholder passes away \/ dies?<\/h3><div class='av-masonry-entry-content entry-content'  itemprop=\"text\" >26\/10\/2021<br \/>\r\nTaking the time to plan for things such as the unexpected death or sickness to shareholders<\/div><span class='av-masonry-date meta-color updated'>October 26, 2021<\/span><span class=\"av-masonry-text-sep text-sep-author\">\/<\/span><span class='av-masonry-author meta-color author'><span class='fn'>by bertrand_admin_belaws<\/span><\/span><\/div><\/div><\/figcaption><\/figure><\/a><!--end av-masonry entry--><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-mw4lq3-4d1f7b909685b16735a77d3969f438e4\">\n#top .hr.hr-invisible.av-mw4lq3-4d1f7b909685b16735a77d3969f438e4{\nheight:160px;\n}\n<\/style>\n<div  class='hr av-mw4lq3-4d1f7b909685b16735a77d3969f438e4 hr-invisible  avia-builder-el-170  el_after_av_masonry_entries  el_before_av_hr  avia-builder-el-first '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2t7ggu-2a4c1573616b55e3f23896ce5c09b120\">\n#top .hr.hr-invisible.av-2t7ggu-2a4c1573616b55e3f23896ce5c09b120{\nheight:160px;\n}\n<\/style>\n<div  class='hr 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type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-h7ba0z-9b6555d734cf94ef55ca0c69cce7df54\">\n#top .hr.hr-invisible.av-h7ba0z-9b6555d734cf94ef55ca0c69cce7df54{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-h7ba0z-9b6555d734cf94ef55ca0c69cce7df54 hr-invisible  avia-builder-el-174  el_after_av_codeblock  el_before_av_one_half  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div class='flex_column_table av-fzcf03-9aecdac0b3d5fbc1d2ed0ae2fdc3e47b sc-av_one_half av-break-at-tablet-flextable av-equal-height-column-flextable'>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-fzcf03-9aecdac0b3d5fbc1d2ed0ae2fdc3e47b\">\n.flex_column.av-fzcf03-9aecdac0b3d5fbc1d2ed0ae2fdc3e47b{\npadding:0 30px 0 0;\n}\n<\/style>\n<div class='flex_column av-fzcf03-9aecdac0b3d5fbc1d2ed0ae2fdc3e47b av_one_half  avia-builder-el-175  el_after_av_hr  el_before_av_one_half  first 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av-small-hide av-mini-hide avia_textblock text_18'  itemprop=\"text\" ><p style=\"text-align: right;\">To our newsletter for all the latest legal news<br \/>\nin South East Asia, Belaws updates and<br \/>\nspecial promotions on our services.<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-8xxwib-9cee78aeff88cfdd1cd602538c7331f4'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='av-desktop-hide avia_textblock text_18'  itemprop=\"text\" ><p style=\"text-align: center;\">To our newsletter today for all the latest legal news in South East Asia,<br \/>\nBelaws updates and special promotions on our services.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-72r4w3-cd6429d6a9f7efdf47aee471fd237d12\">\n#top .hr.hr-invisible.av-72r4w3-cd6429d6a9f7efdf47aee471fd237d12{\nheight:20px;\n}\n<\/style>\n<div  class='hr 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