Results 1 to 21 of 21
  1. #1
    Member afghanpicker's Avatar
    Join Date
    Mar 2010
    Last Online
    03-03-2016 @ 09:22 AM
    Location
    roi et
    Posts
    228

    Is this real a foreign owned company

    I am thinking about starting a company here and have heard it can be controlled totally by a Foreigner is this possible and does anyone know of a firm that can handle this kind of paperwork?.

    And would i need 3 million baht for a work permit for my self as well.?

  2. #2
    Thailand Expat VocalNeal's Avatar
    Join Date
    Jul 2007
    Last Online
    Yesterday @ 09:54 PM
    Location
    Bangkok
    Posts
    11,481
    Can do if you are American.

    Otherwise you'll need Thai partner(s) like everyone else. You still will need 3-5 Thai employees for your work permit. (depending on current law)

    Doing the sole thing as an American sounds like a benefit until you see the extra paperwork involved every time you renew anything. But hey it's only money...
    Better to think inside the pub, than outside the box?
    I apologize if any offence was caused. unless it was intended.
    You people, you think I know feck nothing; I tell you: I know feck all
    Those who cannot change their mind, cannot change anything.

  3. #3
    Excitable Boy
    FailSafe's Avatar
    Join Date
    Oct 2009
    Last Online
    @
    Location
    Depends on your point of view...
    Posts
    6,639
    ^

    I looked into setting up an 'American' company over ten years ago- as you said, it was so much hassle for not much actual benefit that I went the Thai company route- unless things have changed for the better, it's not worth it.
    There he goes. One of God's own prototypes. A high-powered mutant of some kind never even considered for mass production. Too weird to live, and too rare to die.
    HST

  4. #4
    Member afghanpicker's Avatar
    Join Date
    Mar 2010
    Last Online
    03-03-2016 @ 09:22 AM
    Location
    roi et
    Posts
    228
    Quote Originally Posted by VocalNeal View Post
    Can do if you are American.

    Otherwise you'll need Thai partner(s) like everyone else. You still will need 3-5 Thai employees for your work permit. (depending on current law)

    Doing the sole thing as an American sounds like a benefit until you see the extra paperwork involved every time you renew anything. But hey it's only money...
    I am an american.

    would this company be registered in america as well or just here?

  5. #5
    Member

    Join Date
    Jun 2012
    Last Online
    27-11-2019 @ 10:50 AM
    Posts
    802
    You can apply for a foreign business license and be completely 100% wholly owned company operating within Thailand.

    Not applicable to bar owners, pig farmers or any tourist related businesses.

  6. #6
    Member afghanpicker's Avatar
    Join Date
    Mar 2010
    Last Online
    03-03-2016 @ 09:22 AM
    Location
    roi et
    Posts
    228
    Quote Originally Posted by Exige View Post
    You can apply for a foreign business license and be completely 100% wholly owned company operating within Thailand.

    Not applicable to bar owners, pig farmers or any tourist related businesses.
    how about vanilla manufactures

  7. #7
    Member

    Join Date
    Jun 2012
    Last Online
    27-11-2019 @ 10:50 AM
    Posts
    802
    Quote Originally Posted by afghanpicker View Post
    Quote Originally Posted by Exige View Post
    You can apply for a foreign business license and be completely 100% wholly owned company operating within Thailand.

    Not applicable to bar owners, pig farmers or any tourist related businesses.
    how about vanilla manufactures
    Nope.

    Basically if a Thai can do it, you're not eligible.

  8. #8
    Thailand Expat
    jamescollister's Avatar
    Join Date
    Nov 2008
    Last Online
    28-01-2020 @ 10:33 PM
    Location
    Bunthrik Ubon
    Posts
    4,768
    Sorry AP agriculture is a prohibited business for aliens, some ways around it, but you need BOI approval, meaning big money.
    You can get a W/P with one Thai employee plus Thai wife, but not a good idea.
    Most farm produces are sold tax free, small farms, if you form a company you will have to pay tax and if you process the beans, value adding to the product you will be hit with VAT.

    Best to keep under the radar until you are ready to make real money. If in years to come, the project looks like it's a winner, go to the Small Medium Enterprise board. If they think it's a goer, they will help set things up. Jim

  9. #9
    Member afghanpicker's Avatar
    Join Date
    Mar 2010
    Last Online
    03-03-2016 @ 09:22 AM
    Location
    roi et
    Posts
    228
    Quote Originally Posted by Exige View Post
    Quote Originally Posted by afghanpicker View Post
    Quote Originally Posted by Exige View Post
    You can apply for a foreign business license and be completely 100% wholly owned company operating within Thailand.

    Not applicable to bar owners, pig farmers or any tourist related businesses.
    how about vanilla manufactures
    Nope.

    Basically if a Thai can do it, you're not eligible.
    I came here and got work permit as chef..is tourist related and I am pretty sure a thai can do it as well.

    just a thought

  10. #10
    Member afghanpicker's Avatar
    Join Date
    Mar 2010
    Last Online
    03-03-2016 @ 09:22 AM
    Location
    roi et
    Posts
    228
    Quote Originally Posted by jamescollister View Post
    Sorry AP agriculture is a prohibited business for aliens, some ways around it, but you need BOI approval, meaning big money.
    You can get a W/P with one Thai employee plus Thai wife, but not a good idea.
    Most farm produces are sold tax free, small farms, if you form a company you will have to pay tax and if you process the beans, value adding to the product you will be hit with VAT.

    Best to keep under the radar until you are ready to make real money. If in years to come, the project looks like it's a winner, go to the Small Medium Enterprise board. If they think it's a goer, they will help set things up. Jim

    how about two companies one to grow the bean thai company one to buy and process.

  11. #11
    Member

    Join Date
    Jun 2012
    Last Online
    27-11-2019 @ 10:50 AM
    Posts
    802
    Quote Originally Posted by afghanpicker View Post
    Quote Originally Posted by Exige View Post
    Quote Originally Posted by afghanpicker View Post
    Quote Originally Posted by Exige View Post
    You can apply for a foreign business license and be completely 100% wholly owned company operating within Thailand.

    Not applicable to bar owners, pig farmers or any tourist related businesses.
    how about vanilla manufactures
    Nope.

    Basically if a Thai can do it, you're not eligible.
    I came here and got work permit as chef..is tourist related and I am pretty sure a thai can do it as well.

    just a thought
    Yes a Thai can do it. Poor you..... Your permit will have you down as a specialist chef. ie pastry chef, chocolate chef or summat glorified.

  12. #12
    Member afghanpicker's Avatar
    Join Date
    Mar 2010
    Last Online
    03-03-2016 @ 09:22 AM
    Location
    roi et
    Posts
    228
    All good and sage advice thanks

    Hey i just thought of something dont food manufactures have a specialty chef on staff?

    For product development

  13. #13
    Thailand Expat
    jamescollister's Avatar
    Join Date
    Nov 2008
    Last Online
    28-01-2020 @ 10:33 PM
    Location
    Bunthrik Ubon
    Posts
    4,768
    Quote Originally Posted by afghanpicker View Post
    Quote Originally Posted by jamescollister View Post
    Sorry AP agriculture is a prohibited business for aliens, some ways around it, but you need BOI approval, meaning big money.
    You can get a W/P with one Thai employee plus Thai wife, but not a good idea.
    Most farm produces are sold tax free, small farms, if you form a company you will have to pay tax and if you process the beans, value adding to the product you will be hit with VAT.

    Best to keep under the radar until you are ready to make real money. If in years to come, the project looks like it's a winner, go to the Small Medium Enterprise board. If they think it's a goer, they will help set things up. Jim

    how about two companies one to grow the bean thai company one to buy and process.
    Probably better to leave the growing as a small farm, then no tax on the sale. Form a processing company that buys beans.
    That's how we do it, our rubber plantations are not part of the rubber company.
    Your problem may well be, if the processing of the beans comes under the factories act. You would need to look deep into it, is it a food processing or classed as something else.
    If it is classed as a factory then you have lots of hurdles to jump to get permission, there will be cottage industry rules that are easier to follow. Much depends on turn over and money made.
    Most people who form a company here are forming a paper company, you are looking at something different.
    My case I needed industrial [ national] zoned land and all the permits and licenses, just the same as in the west.
    Best you get a clear idea in your own mind, what you will be doing and size etc, then see a business accountant for advice on your options.

    It's a bit like the pig thing, small Thai farmers can have pigs, no taxes etc, but when you reach a certain size you become a business and the rules change. Jim

  14. #14
    Member afghanpicker's Avatar
    Join Date
    Mar 2010
    Last Online
    03-03-2016 @ 09:22 AM
    Location
    roi et
    Posts
    228
    you know a good business accountant

  15. #15
    Thailand Expat
    jamescollister's Avatar
    Join Date
    Nov 2008
    Last Online
    28-01-2020 @ 10:33 PM
    Location
    Bunthrik Ubon
    Posts
    4,768
    Quote Originally Posted by afghanpicker View Post
    you know a good business accountant
    I'm a long way from you, think you had better find a local, ask around with some of the farangs with businesses in your area and see who they use, or get a recommendation from the SME department. Strange enough my accountant is the husband of the woman in-charge of the SME department, who would have believed in that co incidence. Jim

  16. #16
    Member
    Join Date
    Jun 2011
    Last Online
    11-09-2018 @ 12:58 AM
    Posts
    592
    A new victim :-)

  17. #17
    Banned

    Join Date
    Oct 2008
    Last Online
    03-06-2014 @ 09:01 PM
    Posts
    27,545
    Quote Originally Posted by Exige View Post
    Quote Originally Posted by afghanpicker View Post
    Quote Originally Posted by Exige View Post
    You can apply for a foreign business license and be completely 100% wholly owned company operating within Thailand.

    Not applicable to bar owners, pig farmers or any tourist related businesses.
    how about vanilla manufactures
    Nope.

    Basically if a Thai can do it, you're not eligible.
    Incorrect.
    Don't be talking out of your ass because you read/heard this somewhere..

  18. #18
    Thailand Expat
    jamescollister's Avatar
    Join Date
    Nov 2008
    Last Online
    28-01-2020 @ 10:33 PM
    Location
    Bunthrik Ubon
    Posts
    4,768
    RS I found, if you have the right approach, a few Thai friends who can contact their friends, anything is possible and I have never had to grease the wheels other than a meal and a bottle of JW.
    Out here here you don't have to be a big fish, it's a small pond, but the guy who gives the go head has the same authority as the guy in the big pond.
    Play the local game, not the western game, show respect, walk away if t he answer is not what you want. Try a different approach to the problem and usually things will work out. Jim

  19. #19
    Banned

    Join Date
    Oct 2008
    Last Online
    03-06-2014 @ 09:01 PM
    Posts
    27,545
    Quote Originally Posted by jamescollister View Post
    RS I found, if you have the right approach, a few Thai friends who can contact their friends, anything is possible and I have never had to grease the wheels other than a meal and a bottle of JW.
    Out here here you don't have to be a big fish, it's a small pond, but the guy who gives the go head has the same authority as the guy in the big pond.
    Play the local game, not the western game, show respect, walk away if t he answer is not what you want. Try a different approach to the problem and usually things will work out. Jim
    Oh, I realize this, Jim.
    One can create opportunities for themselves....and get around this and that.

    Contacts, interaction, understanding and character are key.

  20. #20
    Thailand Expat
    jamescollister's Avatar
    Join Date
    Nov 2008
    Last Online
    28-01-2020 @ 10:33 PM
    Location
    Bunthrik Ubon
    Posts
    4,768
    Quote Originally Posted by Rural Surin View Post
    Quote Originally Posted by jamescollister View Post
    RS I found, if you have the right approach, a few Thai friends who can contact their friends, anything is possible and I have never had to grease the wheels other than a meal and a bottle of JW.
    Out here here you don't have to be a big fish, it's a small pond, but the guy who gives the go head has the same authority as the guy in the big pond.
    Play the local game, not the western game, show respect, walk away if t he answer is not what you want. Try a different approach to the problem and usually things will work out. Jim
    Oh, I realize this, Jim.
    One can create opportunities for themselves....and get around this and that.

    Contacts, interaction, understanding and character are key.
    It's the Thai way. not our way. Once you except it, life gets easier.
    You like me have been here awhile and have come to be somewhat Thai in our approach to things.
    I used to bang my head against trees, but have leaned over the years, the only one with a headache was me.
    It's their game and we have to play by their rules. Jim

  21. #21
    Member

    Join Date
    Jun 2012
    Last Online
    27-11-2019 @ 10:50 AM
    Posts
    802
    Quote Originally Posted by Rural Surin View Post
    Quote Originally Posted by Exige View Post
    Quote Originally Posted by afghanpicker View Post
    Quote Originally Posted by Exige View Post
    You can apply for a foreign business license and be completely 100% wholly owned company operating within Thailand.

    Not applicable to bar owners, pig farmers or any tourist related businesses.
    how about vanilla manufactures
    Nope.

    Basically if a Thai can do it, you're not eligible.
    Incorrect.
    Don't be talking out of your ass because you read/heard this somewhere..
    If you say so.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •