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If you are considering starting a business in Bangkok, Thailand, obtaining a business permit is a crucial step in the process. The process can be quite daunting, especially for foreigners, but with the right information and guidance, it can be easily navigated. In this article, we will guide you through the process of obtaining a business permit in Bangkok and provide additional options for foreigners.
The first step in obtaining a business permit is to register your business with the Department of Business Development (DBD) of the Ministry of Commerce. This can be done online through the DBD's website or in person at their office. To register your business, you will need to provide the following documents:
Once you have registered your business with the DBD, you will need to apply for a business license. The type of license you need will depend on the nature of your business. The most common types of licenses are:
Commercial License: for businesses involved in buying and selling goods
Industrial License: for businesses involved in manufacturing or processing goods
Service License: for businesses involved in providing services
To apply for a business license, you will need to submit the following documents:
After obtaining your business license, you will need to obtain a Tax ID and register for Value-Added Tax (VAT) if your business is eligible. You can do this by visiting the Revenue Department in person or through their online portal. To obtain a Tax ID and register for VAT, you will need to provide the following documents:
As a foreigner, there are additional options available to you when obtaining a business permit in Bangkok. These include:
Obtaining a Foreign Business License (FBL): If your business is majority-owned by foreigners, you may need to obtain an FBL. This can be done through the Department of Business Development or the Board of Investment (BOI).
Setting up a BOI-promoted company: The BOI offers incentives to foreign investors who set up a company in Thailand. This includes tax breaks, permission to own land, and simplified visa and work permit processes.
Hiring a Thai nominee: If you are unable to meet the requirements for obtaining a business permit as a foreigner, you may consider hiring a Thai nominee to act as a majority shareholder in your company.
The cost of obtaining a business permit in Bangkok will depend on the type of business and the services required. Here is a rough estimate of the costs:
Additional costs may include legal fees, translation fees, and fees for hiring a Thai nominee.
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