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Typical Cost of Starting and Operating Business

Typical Costs of Starting and Operating A Business

 

Baht

US$

1. Visas (Government fee) (1)

 

 

Work  permit (Process time 1-10 days)

 

 

Expired within 3 months

750

21.40

Expired between 3 to 6 months

1,500

42.80

Expired between 6 to 12 months

3,000

85.59

Expired more than 1 year

Increase at the rate as it is stated above

Increase at the rate as it is stated above

One-year Visa (1-30 days)

1,900

54.21

Re-entry permit (Process time 1 day)

-    Single entry

-    Multiple entry

 

1,900

54.21

 

54.21

108.42

1.a. Visas (Typical fee charged by a law firm to process) (2)

 

 

Work permit (1-10 days)

40,000 - 55,000

1,141.23 - 1,426.53

Visa extension (1-30 days)

35,000 - 45,000

998.57 - 1,283.88

Re-entry permit (1 day)

8,000

228.25

2. Registration (Government fee) (3)

 

 

Company registration

5,000 - 250,000

142.65 - 7,132.67

List 2 Alien business license

40,000 - 500,000

1,141.23 - 14,265.34

List 3 Alien business license

20,000 - 250,000

570.61 - 7,132.67

Factory license

100,000

2,853.07

3. Accounting (2)

 

 

Tax returns and VAT

35,000 yearly

998.57

Review/draft contracts, agreements

50,000 minimum

1,426.53

4. Office Achieved Rents (4)

 

- Office rent

 

 

Regular Office in Bangkok area

506 per square meter

14.44 per square meter

Office Grade A in Bangkok area

787 per square meter

22.45 per square meter

- Other expenses

 

 

Electrical

4.5 - 5 per kilowatt per hour

0.13 - 0.14 per kilowatt per hour

Air conditioning (Water Cooled Package Unit)

40 - 50 per square meter per month

1.14 - 1.43 per square meter per month

Air conditioning (Central Chiller System)

No expense

No expense

Air conditioning (After hour)

2 per square meter per hour

0.06 per square meter per hour

Decorating

12,000 - 18,000 per square meter

342.37 - 513.55 per square meter

5. Construction Costs (5)

Per square meter

Industrial Building

 

 

Standard low rise factory

15,000 - 19,000

427.96 - 19,000

Electrical power systems

5,400

154.07

Office (Construction)

 

 

High quality

28,000 - 33,000

798.86 - 941.51

Medium quality

23,000 - 28,000

656.21 - 798.86

Office Fit Out (Offices or Factory Office)

 

 

Air conditioning (External to communal system)

4,350

124.11

Electrical fit out (Work stations)

1,850

52.78

Furniture fit out (Medium quality)

3,350

95.58

Other fit out cost (Flooring cover, curtains, etc.)

650

18.54

Glass partition wall (Individual offices)

5,500

156.92

Car Park

 

 

Multi-story

11,500 - 14,500

328.10 - 413.69

Basement

15,500 - 19,000

442.23 - 542.08

 

Sources:(1) Ministry of Labour, as of July 2016: www.mol.go.th, Immigration  Bureau, as of July 2016: www.immigration.go.th

(2) Tilleke & Gibbins International Limited, as of July 2016: www.tillekeandgibbins.com

(3) Department of Business Development, as of July 2016: www.dbd.go.th

(4) Jones Lang LaSalle Incorporated, as of July 2016: www.jll.co.th

(5) Tractus Asia Ltd, updated as of July 2016: www.tractus-asia.com

 

Translation Costs

 

 

An A4 page of non-technical text typewritten in Times New Roman size 12 or Cordia New size 14 when appropriate

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

An official form, e.g. an identification card, a driving license, etc.

Baht

US$

Baht

US$

Baht

US$

English - Thai

500 - 1,250

14 - 36

800 - 1,500

23 - 43

650 - 1,250

19 - 36

Thai - English

500 - 1,250

14 - 36

800 - 1,500

23 - 43

650 - 1,250

19 - 36

Other foreign languages - Thai

800 - 1,200

23 - 34

800 - 1,500

23 - 43

800 - 1,250

23 - 36

Thai - Other foreign languages

800 - 1,500

23 - 43

800 - 1,500

23 - 43

800 - 1,500

23 - 43

English - Other foreign languages

800 - 1,500

23 - 43

1,000 - 2,000

29 - 57

800 - 1,500

23 - 43

Other foreign languages - English

800 - 1,500

23 - 43

1,000 - 2,000

29 - 57

800 - 1,500

23 - 43

 

Source: Chulalongkorn University, as of July 2016: www.arts.chula.ac.th

 

Last Updated: August 2017