Visa Changes for Businesses

Now that you have bought your business in Thailand you need to look at the issue of work permits and visa extensions in the Kingdom. This is a brief breakdown of the last changes made to employment of foreigners.

In 2009 when the economy went South the Thai government made certain changes to employment of foreigners. These are as follows:

1. The company apply for the work permit must have at least 1 million Baht shareholders equity;

2. Total earnings must not be less than the salaries of the foreigners.

If you could not prove these then you would have a problem having your foreign staff having their visas extended. Before the changes however the rules had been even stricter. They now also take the following into consideration:

1. Is the company operating according to what it has been registered as;

2. The company has qualified financial statements;

3. The company pays VAT;

4. The company pays Social Security;

5. The company pays Business Taxes;

These are just a brief of what it is that they look at when you want to employ foreigners. If you need more detailed information about the requirements with regards to obtaining a work permit and having your staffs’ visa extended then speak to any of our solicitors in Bangkok, Pattaya, Samui, Phuket, Hua Hin or Chiang Mai. You can also speak to us via our toll-free telephone number or on live chat on our main website.

Talk to us now!

More to explore

Child custody in Thailand

Child Custody in Thailand

Child custody in Thailand can be a complex issue, particularly for foreigners unfamiliar with the legal system. This article provides a basic overview of Thai child custody laws and considerations. Key Concepts: Parental Power: Thai law uses the term “parental power” instead of “custody.” It refers to the legal right and responsibility to care for a child, including decisions about

Child Support in Thailand

Child Support in Thailand

Child Support in Thailand. In Thailand, both biological parents are legally obligated to financially support their children until they reach the age of 20. This applies whether the parents are married, divorced, or separated. Let’s delve into how child support is determined and enforced in Thailand. Reaching an Agreement The ideal scenario involves parents reaching a written agreement on child

US-Thailand Treaty of Amity

US-Thailand Treaty of Amity

US-Thailand Treaty of Amity. A historic contract that promotes bilateral economic and trade relations between the United States of America and the Kingdom of Thailand is the US-Thailand Treaty of Amity. This treaty, which was signed on May 29, 1966, was a major turning point in diplomatic ties and still influences bilateral relations today. The main goal of the Treaty

Leave a Reply

Your email address will not be published. Required fields are marked *