4 ms·
Oh, nice. Yeah it might be worth setting a company, but I've heard a lot of horror stories. I met someone who actually shut down their Thai company and switched
by nathan_f77 8y ago
Oh, nice. Yeah it might be worth setting a company, but I've heard a lot of horror stories. I met someone who actually shut down their Thai company and switched to Iglu because it was a lot easier.
I'm not sure if you're comparing the 30% with 7.5%, but that wouldn't be very accurate. Iglu pays all of your personal income tax, social welfare contributions, visa application fees, etc. So I think it's more like 10% vs 7.5%, which isn't too bad. Definitely a good start for a solo developer/founder.
- stephenr 8y ago> Iglu pays all of your personal income tax, social welfare contributions, visa application fees, etc. That 7.5% includes both company and personal taxes, SSO, etc. My visa application fees are about $70 a year now, they're inconsequential. I realise this isn’t viable for some - I started on a business visa and it was a lot more work and money each year. > because it was a lot easier I'm sure it is easier, particularly if you're a foreigner without any kind of ties to the country (e.g. no spouse+family to trust/rely on). But it's definitely more expensive if you're intending to operate for more than a year or two, and expect to have reasonable income.