I'm aware of the options - I've lived in Thailand for 6 years, and started a company here.
30% seems like a lot - I guess they know they have a market with few choices.
For reference, in a month where we had client invoices worth 4 times the amount you've given in your example, our outgoings for Tax, Accountants, SSO and rental for a business address, was about 7.5% of revenue - and a good chunk of that is a relatively fixed fee.
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.
> 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.
30% seems like a lot - I guess they know they have a market with few choices.
For reference, in a month where we had client invoices worth 4 times the amount you've given in your example, our outgoings for Tax, Accountants, SSO and rental for a business address, was about 7.5% of revenue - and a good chunk of that is a relatively fixed fee.