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Indo-Siam

Member Since 2003-06-13
Offline Last Active 2011-07-13 08:11
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Topics I've Started

Feeling Sorry For Yourself?

2010-09-17 23:35:42

'Speaks very well for himself:  http://www.wimp.com/noworries/

Cheers!
Indo-Siam

Work Permit For The Self-Employed Foreigner

2010-08-08 16:46:24

In the 7+ years that I have been active on this discussion forum, I have on many occasions seen posts by individuals who were frustrated by a situation in which they wished to live and work legally in Thailand, but were not in need of creating a Thai company - along with all the associated burdens (maintaining an office address, paying for monthly bookkeeping and annual audits, paying for "X" number of Thai employees to be carried on the books, etc).

Well - there is an answer to that situation:   That being to arrange for appropriate permit "cover" with an existing Thai company that is qualified to support an additional foreigner with a work permit and extended entry permit.  It is pretty obvious that there are many large Thai companies that could support such permits - but the actual process of establishing a relationship with such a qualified Thai employer is beyond the means of most foreigners who might benefit from such a situation.

Well - it is August 2010 - and there are probably some folks out there right now who have just such a need.  And - at this time - I can refer anyone with such needs to a Thai employer who is interested in "sponsoring" such a foreigner - in return for a monthly contribution to the employing company, for providing trouble-free infrastructure support.  If interested, please send me a PM.

Typical candidates for such support might be:

1.  Someone who is married to a Thai, receives income independent of any Thai employer, but does not wish to "freeze" 400,000 baht in a Thai bank account somewhere for months at a time.   So - that individual needs to show that they are paying personal income tax on a legal Thai monthly employment income of at least 40,000 baht.

2.  Someone who is an employee of an overseas company that does not wish to set up an office in Thailand, but wishes (or is at willing) to have its employee in Thailand be in full compliance with Thai labor law.

3.  Someone who has his/her own business overseas, but who wishes to live in Thailand, with costs to support presence in Thailand able to be reimbursed by his/her overseas business.

4.  Someone who lives and "works" in Thailand - independently - without a legal support structure, but who now needs to be able to legitimately invoice Thai customers, in a way that provides those customers with a valid tax receipt - with the resulting income stream being paid out to the foreigner as salary, by an employer of record.

5.  Someone who wants to work for a significantly profitable Thai SME company that wishes to employ that foreigner, but cannot do so without raising registered capital above the 5,000,000 baht level, which results in 250,000 baht additional corporate income tax on the first 3,000,000 baht in annual profits.  
  
These are the five scenarios that I have seen come up again and again over the years.  For any of those scenarios, I can currently arrange for a solution  - most likely for up to two individuals.

This will not be a dodgy arrangement - it will be completely legal, and fully transparent.  

Right now, I have one qualifying employer offering such support.  If any other Thai employers out there are qualified to provide a work permit and extended entry permit to a foreigner under a mutually agreed upon arrangement, let me know, and I can - as a service to the board - perhaps serve as a matchmaker - if any candidates make themselves known.  What do I hope to get in return?   I would hope that perhaps employers might engage my company to prepare and process the permit applications for such candidates.

For individuals seeking to make use of such an "employer of record" - what you have to be able to do is provide a source of income that the employer can invoice each month, within Thailand or overseas, to bring in each month sufficient gross income to pay:

a.  Your gross salary (whatever you choose it to be - 40,000 baht is minimum if you are married to an Thai, otherwise, 50,000 is minimum, for most nationalities).  

b.  750 baht monthly employer Social Fund contribution.

c.  Monthly contribution to sponsoring company - assume somewhat lower than the average monthly cost of running a "bare-bones" Thai company that was still sufficient to qualify for an Immigration extension, based on your visa status.

d.  Direct costs of obtaining your work and Immigration permits (government fees, preparation and processing costs).

e.  Any taxes or bank fees that may apply, depending on the source of the income.  

Again, over seven years, I have seen the five "need" scenarios recur on this forum many, many times - I'm thinking several dozen times.  I don't recall seeing a good solution.  Well, here's a solution.

Cheers!

Steve
Indo-Siam

Leatherworking Factory - Make Products To Your Specification

2010-08-08 14:25:32

I'm posting this message to assist a Thai associate who runs a small leather-working factory off Srinakarin Road, in Samutprakarn.

His company makes leather handbags, wallets, belts, shoes, slippers and various accesories - in small bulk, manufactured to client's specifications.

The Thai company director speaks English, and is good about responding to inquiries.

This is a manufacturer - not a retail shop, or wholesale trader.  He is looking for clients who need to have leather goods made to order.

Obtain contact information by executing a Google search for: Siammim

Cheers!
Steve
Indo=Siam

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