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Cost of Doing Business in Thailand

Typical Costs of Starting and Operating a Business

 

Baht

US$

Visas (Government fee) (1)

 

 

Work  permit (Process time 1-10 days)

 

 

Expired within 3 months

750

21.88

Expired between 3 to 6 months

1,500

43.76

Expired between 6 to 12 months

3,000

87.51

Expired more than 1 year

Increase at the rate as it is stated above

Increase at the rate as it is stated above

Three-month Visa (Single entries)

2,000

58.34

One-year Visa (Multiple entries)

5,000

145.86

Re-entry permit (Process time 1 day)

-    Single entry

-    Multiple entry

 

1,000

3,800

 

29.17

110.8

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

 

 

Work permit (process time 1-10 days)

40,000 - 55,000

1,166.86 – 1,604.43

Visa extension (process time 1-30 days)

35,000 - 45,000

1,021.00 – 1,312.72

Re-entry permit (process time 1 day)

8,000

233.37

2. Registration (Government fee) (3)

 

 

Company registration

5,000 - 250,000

145.86 – 7,992.88

List 2 Alien business license

40,000 - 500,000

1,166.86 – 14,585.76

List 3 Alien business license

20,000 - 250,000

583.43 - 7,992.88

Factory license

100,000

2,917.15

3. Accounting (2)

 

 

Tax returns and VAT

40,000 yearly

1,166.86

Review/draft contracts, agreements

50,000 minimum

1,458.58

4. Office Achieved Rents (per month) (4)

 

- Office rent

 

 

Regular Office in Bangkok area

700 per square meter

20.42 per square meter

Office Grade A in Bangkok area

953 per square meter

27.80 per square meter

- Other expenses

 

 

Electrical

5 - 6 per kilowatt per hour

0.15 - 0.18 per kilowatt per hour

Air conditioning (Water Cooled Package Unit)

40 - 50 per square meter per month

1.17 - 1.46 per square meter per month

Air conditioning (Central Chiller System)

No expense

No expense

Air conditioning (After hour)

2 - 3 per square meter per hour

0.06 – 0.09 per square meter per hour

Decorating

15,000 - 20,000 per square meter

437.57 – 580.43 per square meter

5. Construction Costs (5)(6)(7)

Per square meter

       Industrial Building

 

 

Standard low rise factory

15,000 - 19,000

437.57 – 554.26

Electrical power systems

5,670

165.40

Office (Construction)

 

 

High quality

30,000 - 35,000

875.15 – 1,021.00

Medium quality

25,000 - 30,000

729.29 – 875.15

Office Fit Out (Offices or Factory Office)(8)

 

 

Air conditioning (External to communal system)

4,567

133.23

Electrical fit out (Work stations)

1,940

56.59

Furniture fit out (Medium quality)

3,517

102.60

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

682

19.89

Glass partition wall (Individual offices)

5,775

168.47

Car Park

 

 

Multi-story

12,000 - 15,000

350.06 – 437.57

Basement

16,000 - 20,000

466.74 – 583.43

Sources: (1) Ministry of Labour, as of July 2017: www.mol.go.th, Immigration Bureau, as of June 2017: www.immigration.go.th

(2) Tilleke & Gibbins International Limited, as of July 2017: www.tillekeandgibbins.com

(3) Department of Business Development, as of June 2017: www.dbd.go.th

(4) CBRE (Thailand) Co., Ltd as of June 2017: www.cbre.com

Note: (5) The costs are average square metre costs only and not based on any specific drawing/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.

(6) The cost exclude site clearing, formation and external works, financial and legal expenses, consultants’ fees and land costs.

(7) The cost includes Transformer, Main DB and Sub DB for general factory & office electrics only, but excludes production equipment/machinery power.

(8) The cost includes communal air conditioning, general electrics, and sanitary.

 

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

800 - 1,500

23 - 44

2,000

58

700 – 1,500

20 - 44

Thai - English

800 - 1,500

23 - 44

2,000

58

700 – 1,500

20 - 44

Other foreign languages - Thai

800 - 1,500

23 - 44

2,000

58

800 – 1,500

20 - 44

Thai - Other foreign languages

800 - 1,500

23 - 44

2,500

73

800 - 1,500

23 – 44

English - Other foreign languages

800 - 1,500

23 - 44

2,500

73

800 - 1,500

23 - 44

Other foreign languages - English

800 - 1,500

23 - 43

2,500

73

800 - 1,500

23 - 44

Source: Chulalongkorn University, as of July 2017: www.arts.chula.ac.th

Last Update: March 2018

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