Are there government fees for the issuance of a foreign business license?

Mon, 08/20/2018 - 14:59 -- tilalegaladmin

You should know by now that having a foreign business license in Thailand and opening an office here is not a simple process. If anything, it can be complex and sometimes very complicated. Not in a bad way, but it does come with its own fair share of challenges along the way. What you do need to figure out at this time is whether you have to pay any fees for a business license like that or not.

Normally, you do have to pay quite a lot of fees. And yes, the government does require you to pay a fee for the issuance of a foreign business license. It’s not really a huge fee, but it is a fee and it’s something that not everyone is willing to deal with.

That being said, you are imposed to pay this fee if you want to do company registration in Thailand. So it’s not like you have a choice in that perspective. The government fee differs based on the type of business you want to do. The business capitalization also matters here, as it can lead to various types of fees too. So yes, while the results can be really good, the reality is that some potential challenges can bring in front their own set of issues with these fees.

It’s safe to say that this type of fees tends to be quite large. But it does differ from business to business, which is always a good thing to have. Ideally you want to focus a lot on getting the best deal by opting for a certain type of business, yet as you can imagine that doesn’t really work every time. That’s why you really have to take your time with this and do whatever you can to achieve your goals.

Another thing to note in here is that the fees are calculated according to the registered capital of the head office. So it won’t be on the capital of the Thai office. That means the fees will be significantly higher than what you would expect, so try to take that into consideration.

And as we mentioned earlier, this is mandatory. You do have to pay it if you want to have a business in Thailand. In fact, every company registration in Thailand will be required to deal with this tax. It’s not that much of a nuisance, unless the company has a lot of capital at the main office, as that will translate into a higher tax here.

But you can see why that happens. The Thai representatives want to encourage locals to have their own business. And while foreign investors can come here and invest in whatever they want, the protection for locals that want to create their own business is still amazing and it goes to show that they do get plenty of help in that perspective. That’s what you really need here, and the outcome can indeed be worth it.

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