Business Set Up

Foreigners can form a Thai company in Thailand.

You must have 3 shareholders to form a Thai company. You must also maintain 3 shareholders at all times

A company must be registered with a valid corporate address. In most cases it is not possible to register in a condominium or home; it must be a commercial address.

If your company will require work permits, you must have registered the company in an actual office / commercial facility with a designated working area.
After the company has been established, it shall have the duty of preparing operating results such as financial and tax evidence on finance, trading, income, expenses, profit or loss, to present to the Revenue Department and the Ministry of Commerce

Social Security

According to the Labor Law, every employee shall be registered as an insured by deducting 5% from the salary of the insured and the employer contributes another 5% and submits the money to Social Security Office. In deducting 5% from the salary, it shall do so from the actual salary, but not to exceed Bt15,000; if an employee earns more than this, the deduction shall be from the salary of Bt15,000 only,

Revenue Department

Phor. Phor. 30 to be submitted by the 15th date of the following month,
Phor. Ngor. Dor. 1 to be submitted by the 7th date of the following month,
Phor. Ngor. Dor. 3 to be submitted by the 7th date of the following month,
Phor. Ngor. Dor. 53 to be submitted by the 7th date of the following month,
Phor. Ngor. Dor. 51 to be submitted in 60 days from the end of the accounting mid-year of the company,
Phor. Ngor. Dor. 50 to be submitted in 150 days from the end of the accounting year of the company.