For sure, it is. No matter how many rough plans or fair plans you make to start your business in Thailand, cost decides the penultimate. A lot of business owners had to give away their plans in opening companies just because they didn’t have sufficient amount with them.
So before you get to design your plan of action, you must first know what you require to open a company in Thailand.
For any foreigner to legally work in Thailand, he/she must have a paid-up registered capital of minimum 2,000,000 Baht. While establishing your company, you will need to register the Memorandum of Association. And for this the fee would be 500 Baht for every 100,000 Baht of the registered capital. While the minimum government fee is 5,000 Baht, the maximum reaches to 250,000 Baht.
These being the preliminary cost for setting up a company, you will also need to pay at least 4,000 Baht per month with a minimum lease period of 6 months in case you need to rent an office space. Well, you can choose to open a virtual office in Thailand if you already have a company established back at your home country. Doing that you may be able to save some as then you will just need to have a well internet-connected device.
