The cost of starting a business in Thailand depends on various factors such as;
- What type of business did you intend to perform in Thailand?
- Do you have an address in Thailand to be used as your company’s registered address? If yes, roughly where is it located?
- Do you have a Thai partner/shareholder?
- No. of foreigners that you will have to work for this company?
Also, it depends upon what kind of products and services your company will be offering, the compliance costs with any regulations, and interest rates on the borrowed funds and taxes. The lesser is the cost of doing business, the better it is for your business to hire skilled labor, and pay taxes while operating smoothly. Having said that, there are certain costs that are fixed by the government of Thailand and that is something you must incur.
So, you must analyze the registration and licensing fee plus calculate renting facilities, spending on advertising, and renting facilities. See, where you can curtail the cost. There could be some that can be cut without having to compromise much and any detrimental impact on the business.
Even though the costs incurred are variable, but to give to a number, the overall costing could approximately range from 130,000 to 170,000 Baht. If you are willing to do business in Thailand, provide us the details mentioned earlier and we can give you an estimate.
