A Thai Company + Work Permit Requirements: - Setup company: Open 20k THB = 500β¬, Government 6500 THB=160β¬
- Initial investment: 2 million THB = 50kβ¬
- Minimum 4 employees (4 Thai to 1 foreigner)
- Minimum wage 350 THB/day
- Need a Thai associate
- 51% company belongs to Thai associate
- Accounting/tax declaration: 12k/month + 12k = 3.6kβ¬
- Work permit: 15k THB = 370β¬
- Govt fees 3k THB = 75β¬
- Virtual office cost
- Corporate Income tax: 20%
- Personal income tax: from 5% to 35%, bracket 30% hit at 50kβ¬
| Pros: - Right to work with proper work permit
Cons: - Heavy structuring + yearly cost
- β Using a proxy/nominee in not legal.
face imprisonment: for a maximum term of three years and a fine ranging from THB 100,000 to THB
1,000,000, or both. - Tax
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Long-Term Resident (LTR) Requirements: Wealthy global citizens - At least USD $1 million in assets.
- A minimum of USD $80,000/year of personal income for the past 2 years.
- Direct investments of at least USD $500,000 in Thai government bonds, foreign direct investment, or Thai property/real estate.
Wealthy pensioners (aged 50 years and older) - Personal income of at least USD $80,000 per year at the time of application.
- Personal income of no less than USD $40,000 per year and investments of at least USD $250,000 in Thai government bonds, foreign direct investment, or Thai property
Work-from-Thailand professionals (including digital nomads) - having personal income of at least US$80,000 per year in the past two years, work experience of not less than five years, and be working in a legally registered company
- which has income of not less than US$150 million within the past three years.
Highly skilled professionals - having personal income of not less than US$80,000 per year in the past two years, are skilful in the target industry, and have not less than five years of work experience.
| Pros: - 10-year validity
- Tax residency
- Report to immigration once a year instead of every 90 days
- Visa not too expensive 50kTHB = 1260β¬
Cons: - Difficult to match the criteria
- 17% Flat Tax Rate: lower than normal but still more than 0
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Buy a Work Permit from a Payroll Company Requirements: - Price: commission for each payslip
| Pros: - Tax residency
- No structure to setup
Cons: - Fake contract
- No actual work for your employer
- Not everything declared in Thailand
- No proof of work
- Fees to pay to the payroll company
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Thai Elite Requirements: - 5 to 20 years
- Minimum 900k THB = 25kβ¬
| Pros: - Easy to apply
- Suitable if you receive dividends without working
Cons: - No work permit, no right to work
- Price
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Retirement Visa Requirements: - Over 50 years
- Valid 5 years
- Price: 10k THB = 250β¬
| Pros: - Cheap
- Eligible to tax residency
Cons: |
Tourism Visa Requirements: - Price: Cheap
- Duration: 1 month + 1 month extension
| Pros: Cons: - No tax residency
- No multi-entry visa
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Student Visa Requirements: - Price: 2k THB = 65β¬
- Duration: 9 months + 6 months extension
| Pros: Cons: - No tax residency
- No multi-entry visa
- No right to work
- Need to attend courses
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