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Thailand Information Database
   
 
Typical Costs of Starting and Operating a Business

1. Visas (government fee) (1)

Baht

US$

Work permit (process time 1-10 days)

 

 

3 months

750

21.60

6 months

1,500

43.20

1 year

3,000

86.40

2 years

6,000

172.80

One-year visa (1-30 days)

1,900

54.72

Re-entry visa (process time 1-2 days)

 

 

Single entry

1,000

28.80

Multiple entry

3,800

109.44

1a. Visas (typical fee charged by a law firm to process) (1)

 

 

Work permit (new) (1-14 days)                                                          

38,000

1,094.38

Visa extension (1-30 days)

28,000

806.38

Re-entry visa (2 days)

2,500

72.00

2. Registration (government fee) (1)

 

 

Company registration (21 days)

5,500 per 1 million

158.40 per 28,799.44

 

(275,000 maximum)

(7,919.85 maximum)

List 2 Alien business license (60 days)           

40,000-500,000

1,151.98-1,439.97

List 3 Alien business license (60 days)           

20,000-250,000

575.99-7,199.86

Factory license (30-45 days)

500-60,000                        

14.40-1,727.97

3. Accounting (1)

 

 

Tax returns and VAT

20,000 yearly

575.99 yearly

Legal translation, per page

1,400

40.32

Review/draft contracts, agreements

40,000 up

1,151.98 up

4. Office achieved rents (2)

Per square meter per month

 

CBD/Non-CBD

CBD/Non-CBD

Grade A

710/538

20.45/15.49

Grade B

590/452

16.9913.02

5. Construction Cost (3)

Per square meter

Industrial Building (warehousing)

6,600

190.08

Factory construction*

10,800

311.03

Electrical fit-up**

4,000

115.20

Air-conditioning***

3,100

89.28

General office construction****

27,300

786.22

   

 

   

General Costs                                         

Notes:    - These rents are inclusive of management fees and air-conditioning
- The rent-free period ranges between one to two months
- Grade A indicates superior premises, Grade B somewhat less so.
* 4,000 m2 as example, with 200 m2 office space, Western sanitary ware/fit-ups, excludes cost of land, electric fit-up and air-conditioners.
**  Includes cost of 1,000 kVA power transformer, Main and Sub Distribution panels, general lighting, wiring and receptacles.
*** Includes office, restrooms, and utility areas; however, assumes minimum 5 meter high factory/production area.
**** Grade B cement construction, 5 floors, 500 m2 per floor (2,500 m2 total), aluminum framed windows/doors, T Bar dropped ceiling for recessed lighting, Western amenities, wide modern stairwells, no lifts; includes cost for air conditioning and electrical sanitary fit-ups, but not land.

Sources:

(1) Tilleke & Gibbins International Limited (June 2009) Website: www.tillekeandgibbins.com

(2) CBRE Research, Q1, 2009 Website: www.cbre.co.th

(3) Source Thai Co., Ltd., as of June 2009

 

Translation Costs    

An A4 page of technical text typewritten in Times New Roman size 12 or Cordia New size 14 as applicable

Baht

US$

English-Thai

800-1,500

23.04-43.20

Thai-English

800-1,500

23.04-43.20

Other foreign languages-Thai

800-1,500

23.04-43.20

Thai-Other foreign languages

800-1,500

23.04-43.20

English-Other foreign languages

1,000-2,000

28.80-57.60

Other foreign languages-English

1,000-2,000

28.80-57.60

Note:

1. Professional translation services are provided from and into Thai, English, Mandarin, Japanese, Korean, Arabic, Khmer, Laotian, French, German, Spanish, Italian, Portuguese, and Latin.
2. The amount indicates a maximum quote in Thai Baht.
3. Open: Monday-Friday Time: 8.00 a.m. – 4.00 p.m.

Source: Chalermprakiet Translation and Interpretation Center, Chulalongkorn University, as of June 2009

Information Updated 30 October 2009

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