LETTERS
TO THE EDITOR:
I've had my work permit
for over 5 years and it is absolutely necessary to control your
"business". However, it is a big hassle and gets
expensive. One mistake and you have to start all over again.
A. To have a work permit requires:
1/. -
A company which has its tax paid and at least 2 million haht in
registered capital at beginning.
2/. - 7 ea Thai employees with Tax
Paid Receipts monthly (this can be zero money by only paying 2900 baht
per month then tax is 0) - used by lawyers and often they don't file but
if investigated, you can get disqualified if you don't have tax filing
receipts - every month.
3/. - Revenue and Tax paid as per the Annual Report (which
costs about 60,000 baht per year with my accountant costs).
4/. -
you must receive a salary and pay tax on at least 40,000 baht per month
(so that costs about 4 - 5000 baht per month to keep up.) Company
loses are ok (can do for about 3 years although I've done for 6. You
must add paid up capital to the company ( I started with 2 million and
right now it is registered with 8 million baht).
A Lawyer can charge about 25,000
baht per year to do it but then you never know whether you really have
control. My lawyer, I use a one year multiple entry Non-Imm
B and must go out every 3 months. To renew my work permit every
three months costs 500 baht.
B) SOLUTION - have a good Thai partner, lawyer and
accountant but if you don't want to process yourself then ask each stage
for the cost of a lawyer then ask us. The normal cost for a work permit
is 12-15,000 baht but this may increase when the lawyer's fees are taken
into account.
We have
pleasure in announcing our law service & now able to offer clients
and all expats & newly arrivals this "foreign law
service". Yes we offer foreigners and expats that little bit extra. Consultations that will make you feel comfortable with. All our fees
are very competitive, with no hidden costs and we can now offer you
ongoing services with a smile.
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