Office Space Requirements
A security deposit is required to be made at the Department of Employment throughout the application process. The payment of the security fee serves as proof that the business has enough money on hand to cover any fines associated with failing to uphold its license obligations. The payment will be kept on file until the recruitment license is no longer necessary.
Once a recruitment license has been granted, the company’s name and stated goals should be changed to include the words “recruitment,” “manpower,” or any other similar-sounding words. The recruitment license is good for consecutive terms of two years.
OUTBOUND RECRUITMENT :
Registered capital : One million Thai Baht is the minimal capital requirement.
Shareholders : At least 75% of the outstanding share capital must be held by Thai shareholder(s).
Directors: Directors must be appointed in a 3:1 ratio, with more Thai directors than foreign directors.
Security fee: It is possible to deposit 5,000,000 THB as cash, bonds, or a bank guarantee.
Cost of the recruitment license: 10,000 THB