ACCOUNTING AND TAX SERVICES IN THAILAND

Welcome to DDES, your go-to accounting website in Thailand for foreign businesses
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Accounting

We specialize in serving the accounting and financial needs of foreign businesses operating in Thailand

DDES Accounting is a comprehensive accounting firm that offers a wide range of services, including company registration, visa work permits, and accounting services in Thailand. We are committed to providing professional, affordable services and personalized attention to each of our clients. 
Our team of expert tax accountants and legal consultants are experienced in all areas of accounting and are equipped to handle all of your business needs. With fluent speakers of Thai, English and French, we are able to communicate effectively and provide timely responses in your preferred language.

OUR SERVICES

What Service We Offer

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ACCOUNTING & TAX

  • Bookkeeping
  • Taxation
  • Reconciliation
  • Monthly management report
  • XERO subscription
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AUDITING

Audits, Annual Financial statements, compliant with accepted accounting principles obligation in Thailand. DDES Accounting offers these audit and advisory services to businesses of all sizes.
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PAYROLL

  • Payroll calculations
  • Make a payment
  • E-Payslip 
  • Social Security Fund filing
  • PND.1 withholding tax filing
  • Mobile Application
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ADMINISTRATIVE

  • Payments management
  • Invoicing management
  • Withholding tax certificates
  • Budjeting & Forecasting report
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COMPANY REGISTRATION

  • Limited company registration
  • Representative office registration
  • BOI certificate
  • Foundation registration
  • Foreign Business License (FBL)
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VISA & WORK PERMIT

  • Business Visa (NON-B)
  • Work Permit
  • Dependent Visa (NON-O)
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Benefits
Using Our Services

  • Free Consultations

    We offer free consultations to help you understand your business needs and how we can assist you

  • English Speaking

    DDES Accounting is a multilingual firm, that offers its services in English, We understand the importance of clear communication.

  • Brilliant client service

    We pride ourselves on providing fast and brilliant client service. Our team is dedicated to understanding your needs and providing personalized solutions to help your business succeed.

  • Innovative Solutions

    DDES Accounting provides innovative solutions to meet the unique needs of your business. Our team of experts stays up-to-date with the latest industry developments to ensure that we can offer the most advanced solutions to help your business grow.

PRICING

Accounting Outsourcing package

At DDES Accounting, we offer competitive pricing for all of our services. We believe in transparent and fair pricing, and we are committed to providing high-quality services at an affordable cost. 

Start Up

5,900฿
  • Up to 10 transactions 
  • Bookkeeping
  • Bank Reconcile
  • Cash Reconcile (If any)
  • Monthly Tax filing (PND., PP.)
  • Monthly Report (Profit and Loss, Balance Sheet, Trial Balance, etc.)
  • Xero subscription
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SME

9,900฿
Up to 25 transactions 
Bookkeeping
Bank Reconcile
Cash Reconcile (If any)
Monthly Tax filing (PND., PP.)
Monthly Report (Profit and Loss, Balance Sheet, Trial Balance, etc.)
Xero subscription
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Enterprise

14,900฿
Up to 50 transactions
Bookkeeping
Bank Reconcile
Cash Reconcile
Monthly Tax filing (PND., PP.)
Monthly Report (Profit and Loss, Balance Sheet, Trial Balance…)
Xero Subscription
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COMPANY REGISTRATION

Starting price :25,000฿

At DDES Accounting, we offer a comprehensive company registration service to help you establish your business in Thailand

Our team of experts will guide you through the process of registering your company, including assisting with the preparation of necessary documents, submitting the application to the relevant government agency and ensuring compliance with all relevant laws and regulations. 

Our services also include assistance with obtaining necessary licenses and permits, as well as providing advice on the best business structure for your company. 

Our goal is to make the company registration process as smooth and stress-free as possible for our clients. With our expertise and experience, we are confident that we can help you establish your business and get it up and running in a timely and efficient manner.
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Frequently Ask Questions

What are the costs associated with opening a company in Thailand?

The costs associated with opening a company in Thailand will depend on several factors such as the type of business you want to register, the number of shareholders, the registered capital and location of the company. Some of the costs that you may need to consider include government fees for registering the company, legal fees for drafting the necessary documents, and accounting and audit fees. Additionally, you may need to pay for licenses, permits, and insurance.

To get a more accurate estimate of the costs associated with opening a company in Thailand, it's best to consult with us. We can provide you with specific information about the costs for your type of business and the location where you plan to register your company. You should also send us all the necessary information about your business, like business plan and financial projections to get more accurate information.

What are the steps for foreign individuals or entities to open a company in Thailand?

The steps for foreign individuals or entities to open a company in Thailand are as follows:

  • Determine the type of business and legal structure that is best suited for your business.
  • Obtain a work permit and visa for yourself and any foreign employees.
  • Register the company with the Department of Business Development and obtain a company registration certificate.
  • Obtain the necessary licenses and permits for your business.
  • Register for value-added tax (VAT) with the Revenue Department.
  • Open a corporate bank account in Thailand.
  • Comply with ongoing legal and tax obligations such as filing annual returns and submitting financial statements.
  • Register for social security and employee insurance.
  • Register your business for the relevant taxes
  • Consult with a professional accounting or legal firm for guidance and assistance throughout the process.
  • Please note that the process of company registration for foreign individuals or entities can be complex, and it is recommended to consult with a professional accounting or legal firm for guidance and assistance throughout the process.

What are the steps and information needed to open a 100% foreign-owned company in Thailand?

Opening a 100% foreign-owned company in Thailand can be a complex process and it's important to be aware of all the legal requirements and regulations. Here are some of the steps and information needed:

  • Choose the appropriate legal structure and business activities for your company.
  • Obtain a work permit and visa for yourself and any foreign employees.
  • Register the company with the Department of Business Development and obtain a company registration certificate.
  • Obtain the necessary licenses and permits for your business.
  • Register for value-added tax (VAT) with the Revenue Department.
  • Open a corporate bank account in Thailand.
  • Comply with ongoing legal and tax obligations such as filing annual returns and submitting financial statements.
  • Register for social security and employee insurance.
  • Register your business for the relevant taxes
  • Consult with a professional accounting or legal firm for guidance and assistance throughout the process.

It's important to note that foreign investors are subject to restrictions in certain business sectors and have to comply with the Foreign Business Act. It's also recommended to consult with us for guidance and assistance throughout the process.

What are the ongoing expenses for a company, such as accounting fees, audit fees, and taxes, that need to be paid monthly and yearly after the company is established?

After a company is established, there are several ongoing expenses that need to be paid on a regular basis. Some of these expenses include:

Monthly expenses:

  • Salaries and wages for employees
  • Rent or lease payments for office or manufacturing space
  • Utility bills such as electricity, water, and internet
  • Insurance premiums

Yearly expenses:

  • Corporate income tax
  • Value-added tax (VAT)
  • Specific Business Tax
  • Social security contributions for employees
  • Audit fees
  • Accounting fees
  • Legal and professional fees
  • License and permit renewals.

Please note that the specific expenses will vary depending on the type of business and the size of the company. It is recommended to consult with us to get a more accurate estimate of the ongoing expenses for your company.

What are the company taxes in Thailand?

In Thailand, companies are required to pay various taxes such as corporate income tax, value added tax (VAT), and specific business tax. The corporate income tax rate for companies in Thailand is 20% for companies with an annual revenue of less than THB 5 million, and 30% for companies with an annual revenue of more than THB 5 million. The VAT rate is 7%. Specific business tax is imposed on certain types of business activities such as the sale of goods, transfer of immovable properties, and rendering of services. The rate is 3.3% on the gross income or revenue from the business. Additionally, there may also be other taxes such as local taxes, stamp duty, and social security contributions that companies are required to pay in Thailand. It's recommended to consult with us for the specific tax obligations for your business.

What do I need and how much does it cost to get a visa and work permit for Thailand?

To apply for a visa and work permit to work in Thailand, you will need to provide certain documents such as a valid passport, proof of education and qualifications, proof of financial means, a clean criminal record, and an endorsement letter from a company or employer in Thailand. The cost of a visa and work permit will vary depending on the type of visa and work permit you are applying for, as well as the length of validity. It's also important to note that the rules and regulations for obtaining visa and work permit in Thailand are subject to change, so it's best to check with us.

Where can I find a Thai partner who holds 51% of shares in a company and what are the risks involved?

There are several ways to find a Thai partner who holds 51% of shares in a company:

  • Networking: Attend business events and conferences, join trade associations and chambers of commerce, and make connections through business or social networks.
  • Online platforms: Use online platforms such as LinkedIn or online business matchmaking services.
  • Local business partners: Hire a local agent, lawyer or accountant who can help you find a potential partner.
  • Government agencies: Contact government agencies such as the Board of Investment (BOI) or the Department of Business Development (DBD) for assistance in finding a local partner.

However, it's important to be aware of the risks involved in partnering with a Thai national. Some risks include:

  • Language and cultural barriers.
  • Lack of transparency and trust.
  • Difficulty in enforcing contracts.
  • Different business practices and regulations.
  • Risk of fraud or misrepresentation.

It is important to conduct thorough due diligence on any potential partner and to have a clear and comprehensive legal agreement in place to protect your interests. It is also recommended to consult with a lawyer or a professional firm that specializes in the field to assist you with the process and to minimize the risks.

What services do you offer?

We at DDES Accounting provide a wide range of services such as accounting and tax services, auditing, payroll management, administrative support, company registration, and visa and work permit assistance. We strive to help businesses navigate the complexities of Thai accounting and tax laws, and offer tailored services to meet the specific needs of each client. Our goal is to provide our clients with the highest level of service and support to help them reach their financial goals.

Need expert accounting services in Thailand?

Contact DDES now and let us help your business reach its financial goals. Call us today.
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