Looking for company registration in Thailand? Wondering what's in it for you? Then this article is for you.
The benefits of company registration in Thailand are numerous.
The most obvious is the speed of the starting up process with all relevant documents potentially signed, sealed and delivered in between 4-6 weeks.
Of course, this is only the case when dealing with a professional organization such as Company Registration Thailand.
Another benefit is access to the thriving South East Asian market.
The 10 ASEAN countries have an annual GDP of more than $1 trillion.
Grabbing a slice of that pie is surely worth moving operations overseas.
But what about start up costs? How do they compare with nations in the west? Red Tape Let's get the documentation process out of the way first.
It is possible to have all work permits, business visas and other red tape cleared for just $4,420.
Company registration in Thailand is big business with organizations offering legal and accounting advice on top of the documentation service for the above price.
Registering a company in the US is $300 if you are a citizen.
Expect more problems if you are not from the US.
Staff Yet employees make up the biggest expenditure.
Even a small company may have 50 employees.
The difference in salary between Thai employees and those in the West is stark.
Lower cost labor is one reason for company registration in Thailand.
New businesses cannot afford the $100,000 it takes to get a middle manager, $50,000-$70,000 for a junior manager or $33,000 for a secretary.
In Thailand, you can have a manager for less than $10,000 a year, junior executive for $6,500 and secretary for less than $4,800.
Best of all, these are well educated and skilled workers.
The average cost for manual labor is approximately $1,300.
It is clear that Thai employees cost just 10% of their US counterparts, regardless of the position.
Property When it comes to land, foreign investors can own land in the name of a company.
Good news then for those looking for company registration in Thailand.
Even better news is the price of rental.
Did you know it is possible to rent an office for just $200 a month in Thailand? Oddly enough, the 10% rule seems to apply here too when it comes to comparisons with property in the US with offices ranging from $1,400 a month to $5,000 a more depending on where you rent.
Give Yourself A Real Chance It is very difficult if not impossible to closely analyze the start up cost comparison between Thailand and the United States or other Western countries.
However, there is little doubt that start up costs in America are likely to be 10 times as much as in Thailand.
This is especially significant when the old rule of business revenue and expenditure is applied.
Start up companies must always have access to the sum total of their projected start up costs and revenue in the first year.
In America, this may mean $500,000 + revenue.
In Thailand, it may be closer to $50,000 + revenue.
This effectively means that the biggest advantage of company registration in Thailand is less pressure.
A huge percentage of companies fail in their first year as the financial requirement is beyond them.
With company registration in Thailand, you give your business an opportunity to grow that may never be possible in the West.