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Home›Finance›Starting A Business In Thailand As A Foreigner

Starting A Business In Thailand As A Foreigner

By Joshua Freddie
August 8, 2021
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When you are a foreigner living in Thailand, you are limited to the jobs you can do in the country. One way to get around this is to start a business yourself, which will allow you to do various tasks within your company. No matter what type of company you are looking to start, setting up a business can be complicated in Thailand, so you will need a quality lawyer or accountant to help you with the task. Below are some tips to help you find the best company to assist you in setting up your business and ensure that everything is legal and above board.

The Cost Of Setting Up A Business

The cost to set up a company in Thailand can vary quite drastically, depending on where in the country you are and what type of business you are setting up, and its complexity. Some people try to save money setting up their business by doing the paperwork themselves, and they often must seek professional advice later once they have gotten things wrong. If you want to save money on the formation of your company, shop around in your local area for companies that can assist you with the task, and then make some comparisons between the different companies.

Compare The Different Companies

You will often find that the smaller companies are much more affordable, but this does not mean you will be getting a better service. You will need to compare the different companies and see what they include in their service and how much they charge for your company formation. You will want t try and get as many quotes as you can for this service and compare all the companies together to try and ensure you make the correct choice. You will also need to listen to their advice to ensure you set up the correct type of company for your business. Depending on the type of business you are setting up and the amount of capital you have, you may want to set up a BOI company, and you can click here for more information.

Starting The Ball Rolling

Once you have spoken to all the companies and seen what they have to offer, you can then decide which company to use to form your business in Thailand. You may also want to have them do your monthly accounts for you, which can free your time to concentrate on running your business. Setting up a business is only a tiny part of what is needed, though, as now you need to build it into a success, which will take hard work and dedication.

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