Quote:
Originally Posted by BJ
Just to add a major deterrent about thailand. If you want to live here, full time and not have to leave you will need a company based here with 2mil baht registered capital, four thai employees, have to pay payroll tax every month, company audits, work permit, accounting/legal fees. You can fake most of this, but if you are caught, goodbye. Otherwise, depending on your visa you have to do border runs every 30 or 90 days. Thailand makes it extremely difficult to do business here legally.
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Thailand is very easy to start up a company. Not all registered capital needs to be paid in cash. Anyhow, it's your own money and you pay your own salary from this amount. And yes, you need to pay tax (like in most other countries LOL), but it's limited to the amount you earn in TH and the part of your income you bring into the country during the same fiscal year. You don't pay any income tax on other offshore income as long as the money stays outside of country during the same fiscal year.
It's certainly not worth faking this as it's pretty cheap to own a biz in TH.