Thailand Company Registration - How Does it Benefit a Would Be Expatriate?

Those seeking information about going intoessentially control his or her Thai visa and work
business in Thailand can be confused andpermit. In a way, the foreigner is self employed.
frustrated by the seemingly contradictoryThis is a particularly popular method of maintaining
information on the subject. This brief article islawful status in the Kingdom for those who work
meant to act as a primer for those thinking ofin the service industry. For example, a computer
starting a Thai company as well as living andprogrammer working in Thailand could set up a
working in the Kingdom of Thailand.Thai company and have other employers utilize
There are a lot of critical matters that arehis services as a subcontractor. The employer
involved in maintaining an expatriate life in Thailand.would pay the company and the company would
A Thailand visa as well as a Thailand work permitpay him a salary. Significantly, if this employment
are two critical concerns for those wishing tocomes to an end, then the programmer would
remain n the Kingdom of Thailand on a long termnot automatically lose his or her work permit and
basis. Regrettably, visas and work permits thatlong term visa status, but would simply lose the
are promulgated by employers can be taken backincoming revenue. As a result, that person could
should the employment be terminated. This couldgo search for employment elsewhere while still
be a major issue for people who would like tomaintaining a valid work permit and visa.
seek out different employment in Thailand. WhenTaxes can be an issue if this type of endeavor is
Thai Immigration issues a Thai visa extensionundertaken as the taxes of a company must be
based upon the existence of a Thai work permit,kept up to date on a yearly basis. Further, in the
then the visa will expire 7 days after the workcase of the Thai Value Added Tax, it may be
permit is canceled, regardless of the remainingwise to be certain that these taxes are paid on a
validity of the visa. Therefore, if a visa and workmonthly basis. There are also employee
permit are "tied together," and one's employmentrequirements in order for a visa extension to be
comes to an abrupt end, then the loss ofissued, but a work permit could be maintained
employment could mean being forced to leavewithout meeting this requirement if the foreigner
the country (for a length of time long enough tomaintains a long term multiple entry Thai visa.
secure another visa).Although, obtaining advice from a professional in
This is why a Thai Company can be a boon tothe legal field might be beneficial before following
foreigners staying in the Kingdom of Thailand. Athrough with this course of action.
foreigner in control of a Thai limited company can