Operational Support360 Degree Support for project execution
For business owners, there is often a need for a third party who can take care of all the business operational hassles while they can concentrate on their main objective of revenue generation.
These back-end operations are mostly non-revenue generating and can often delay a project if it is not dealt with in the right way. Thus it is imperative for any business in Thailand to have a professional team to handle it.
Startup in Thailand is geared to provide all such operation support under one roof utilizing their team of experienced and skilled professionals.
Startup in Thailand provides end to end project management assistance to their clients who have the vision to set up their business in Thailand but need some local expertise to set it up for them.
Their team is adept in setting up businesses for you including Manufacturing, Retail Outlets Hotels, Restaurants, and Travel businesses which are a few of the thriving businesses in Thailand. They assist clients in new startups, joint ventures, or the acquisition of an existing business. All operation and business development activities are included in a comprehensive package that delivers customer satisfaction.
Startup in Thailand provides a health check of the business by doing a critical evaluation of the current and historical performance of their client’s business and factors impacting it so as to provide a comprehensive business strategy which when executed by them can demand a return on investment in the shortest possible time.
Startup in Thailand works hand-in-hand with their customers, achieving their objective to gain the advantage of the prevailing Thailand market potential. With their customized market entry solutions and leveraging decades of experience, their aim is to startup, build, and execute effective business growth on behalf of their customers.
Read More: New Business Management
It is mandatory for any foreigners registering a Thai entity to have a commercial office space for its operations, especially when work permits are needed.
Startup in Thailand offers comprehensive, full serviced, all-inclusive packaged solutions for their clients to establish their presence in a trendy, fully equipped office with a personalized working environment at the heart of Bangkok Unlike most other serviced offices, this one is offered at an all-inclusive monthly cost, be it for a workstation or a cabin. The infrastructure support includes telephone, hi-speed internet, meeting rooms, printing, scanning, secretarial services, or refreshments, all offered at no extra cost.
A corporate address is needed for:
- Company registration
- VAT registration
- Mailing notification services
- Social fund registration
- Tax ID registration.
For most clients, it is a convenient add-on to the packaged services offered by Startup in Thailand.
Virtual Office spaces are also offered to foreigners who do not need a work permit.
Startup in Thailand offers businesses customized accounting, bookkeeping, business advisory, and tax preparation services with dedicated precision. Their qualified Thai accounting team provides excellent customer support with periodical financial reporting.
Every company, registered under the law of Thailand is required to submit compliance documents monthly and annually. These documents must be submitted to the Department of Revenue and Ministry of Commerce. The services below are flexible and can be adapted according to the requirement of the clients.
- Bank account management
- Payment management
- Record accounting transactions
- Withholding Tax (PND 3, 53)
- Mid-Year Tax Return (PND 51)
- General journal & Trial Balance
- Annual Tax Return (PND 50)
- Monthly reports include Balance Sheet, profit, and loss statement
- Annual Financial Statement submission to the Thai government
- Supporting schedules for financial statements
- Withholding Tax Return (PND 54)
- Value Added Tax (PP 30)
Working in Thailand requires a valid Work Permit in Thailand and getting the same is not easy as there are a few stipulations that are often difficult for foreign companies to comply with.
Startup in Thailand assist in procuring work permits for qualified registered companies in Thailand and also sponsors work permits for technology companies who may have a project in Thailand but do not have their company registered. Contact Startup in Thailand for any demand-based Work Permit and Visa requirements.
The proficient HR team of the company provides payroll outsourcing on a regular basis for its clients and maintains all statutory requirements to have their employees legally secured and operationally active.
Startup in Thailand offers businesses customized accounting, bookkeeping, business advisory, and tax preparation services with dedicated precision. Their qualified Thai accounting team provides excellent customer support with periodical financial reporting.
Professional and skilled manpower is vital for any startup business success, especially if the persons are hired from the same industry. In Thailand’s high demand, low availability of good local talents, it becomes extremely challenging for any foreigner to recruit and more so to retain people. People management and handling cultural gaps often become an issue for foreign companies trying to establish a business in Thailand.
Startup in Thailand offers flexible terms in recruiting professionals with an option to let their clients hire direct, or in an outsourced business model. With their two decades of recruitment experience, they ensure committed professionals, with relevant working experience and an excellent attitude.
Startup in Thailand, with their diverse industry experience, assists their clients to set up factories in Thailand with local industry domain experts who provide immense value in ensuring project success.
Depending on the nature of business and the customer’s vision, they formulate a startup roadmap that encompasses from concept creation to implementation of any project. They provide comprehensive services including scouting for factory location, importing and erection of machines, setting up utilities, selection of skilled workforce, etc.
Such projects may be applied through Board of Investments (BOI), if it meets specified criteria and then companies can get lucrative incentives like land benefits, imported machinery, tax-free incomes, unlimited work permits, etc.
Often people like to outsource their business operations in Thailand to a third party so that they can concentrate on their main business.
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Ready to embark on your business journey in Thailand? Contact us now to discuss how our tailored services can accelerate your success. Let's build your business empire together
