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If you’re planning to start a business in Bangkok, Thailand, one of the essential steps you need to take is to obtain a Tax Identification Card (TIC). This card is a requirement for every business operating in Thailand and is used for taxation purposes.
Here's a guide on how to get a business TIC in Bangkok, Thailand, and additional options for foreigners:
Before applying for a TIC, you need to determine the type of business you will be operating in Thailand. There are various types of businesses, including sole proprietorships, partnerships, and limited companies, each requiring different documents and procedures.
Once you have determined the type of business you will be operating, you will need to gather the necessary documents. These typically include your business registration documents, passport, and work permit (if you're a foreigner), lease agreement, and other supporting documents.
After gathering the necessary documents, you need to visit the Revenue Department to apply for your TIC. You can visit any Revenue Department office in Bangkok, but it's recommended to go to the central office at Phaya Thai Road.
Once you're at the Revenue Department, submit your application for a TIC. You will be required to fill out a form and present your supporting documents.
Once your application is submitted, you will receive your TIC within 7 to 10 business days.
If you're a foreigner and you're not planning to obtain a work permit, you can still apply for a TIC using one of the following options:
Hire a Thai national: If you hire a Thai national as a director or employee of your business, you can apply for a TIC under their name.
Use a service provider: You can also use the services of a company that specializes in providing TIC services for foreigners. These companies will handle the application process for you, saving you time and effort.
The cost of obtaining a TIC in Bangkok, Thailand, varies depending on the type of business you're operating. Here's a breakdown of the costs:
If you're using a service provider, the cost may vary depending on the provider and the services they offer.
Obtaining a TIC is an essential step in starting a business in Bangkok, Thailand. By following the steps outlined above and considering additional options for foreigners, you can obtain your TIC efficiently and cost-effectively.
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