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TYPICAL COSTS OF STARTING AND OPERATING A BUSINESS

 

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

22.73

6 months

1,500

45.45

1 year

3,000

90.91

2 years

6,000

181.82

One-year visa (1-30 days)

1,900

57.58

Re-entry permit (Process time 1 day)

 

 

Single entry

1,000

30.30

Multiple entry

3,800

115.15

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

 

 

Work permit (1-10 days)                                                          

40,000 - 55,000

1,212.12 - 1,666.67

Visa extension (1-30 days)

35,000 - 45,000

1,060.61 - 1,363.64

Re-entry permit (1 day)

8,000

242.42

2. Registration (Government fee) (1)

 

 

Company registration (21 days)

5,500 per 1 million

166.67 per 30,303.03

 

(275,000 maximum)

(8,333.33 maximum)

List 2 Alien business license (60-90 days)      

40,000 - 500,000

1,212.12 - 15,151.52

List 3 Alien business license (60-90 days)      

20,000 - 250,000

606.06 - 7,575.76

Factory license (40-60 days)

500 - 60,000                       

15.15 - 1,818.18

3. Accounting (1)

 

 

Tax returns and VAT

35,000 yearly

1,060.61 yearly

Review/draft contracts, agreements

50,000 up

1,515.15 up

4. Office Achieved Rents (2)(Based on net area, including air-conditioning during office hours, management charges, and local property tax)

Per square meter/ per month

CBD/Non-CBD

CBD/Non-CBD

Grade A

859/ 683

26.03/ 20.70

Grade B

638/ 576

19.33/ 17.45

5. Construction Costs (3)*

Per square meter

Industrial Building**

 

 

Standard low rise factory

15,000 - 19,000

454.55 – 575.76

Electrical power systems

5,400

163.64

Office (Contstruction)***

 

 

High quality

28,000 - 33,000

848.48 – 1,000.00

Medium quality

23,000 - 28,000

696.97 – 848.48

Office Fit Out (Offices or Factory Office)****

 

 

Air conditioning (External to communal system)

4,350

131.82

Electrical fit out (Work stations)

1,850

56.06

Furniture fit out (Medium quality)

3,350

101.52

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

650

19.70

Glass partition wall (Individual offices)

5,500

166.67

Car Park

 

 

Multi-story

11,500 - 14,500

348.48 – 439.39

Basement

15,500 - 19,000

469.70 – 575.76






















































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.

*           The costs are average square meter costs only and not based on any specific drawings/designs. The costs are to be used as a rough guide to the probable cost of a ‘building’. Budget costs outside the above may be encountered when searching other avenues. The costs exclude site clearing, formation and external works, financial and legal expenses, consultants’ fees and land costs.

**         Includes Transformer, Main DB and Sub DB for general factory and office electrical systems only, excluding production equipment/machinery power.

***        Includes cost of communal air conditioning, general electrical system and sanitation.

****      Based on the fitting out of approximately 500m2 offices.

Source: (1) Tilleke & Gibbins International Limited, as of June 2015: www.tillekeandgibbins.com.

             (2) CBRE Research, Q1 2015: www.cbre.co.th.

(3) Tractus Asia Ltd., as of June 2015.

 


 

Translation Costs

 

An A4 page of non-technical text type-written 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

15.15–37.88

800-1,500

24.24-45.45

650-1,250

19.70-37.88

Thai-English

500-1,250

15.15–37.88

800-1,500

24.24-45.45

650-1,250

19.70-37.88

Other foreign languages-Thai

800-1,200

24.24–36.36

800-1,500

24.24-45.45

800-1,250

24.24–37.88

Thai-Other foreign languages

800-1,500

24.24-45.45

800-1,500

24.24-45.45

800-1,500

24.24–45.45

English-Other foreign languages

800-1,500

24.24-45.45

1,000-2,000

30.30–60.61

800-1,500

24.24–45.45

Other foreign languages-English

800-1,500

24.24-45.45

1,000-2,000

30.30–60.61

800-1,500

24.24–45.45

Notes:

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, Hours: 8.00 a.m. – 4.00 p.m.

4. Translation rates were specified by the Chulalongkorn University Announcement on Translation Rates and Payments for the Master of Arts in Translation and Interpretation Program B.E. 2543.

Source: Chalermprakiet Translation and Interpretation Center, Chulalongkorn University, as of March 2015

www.arts.chula.ac.th/~tran/translation.php.

 

Last Updated: July 2015