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MSNA Group 65/62 Chamnan Phenjati Business Center, 6/F, Rama 9 Road, Bangkok.
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Changing the registered address of a company

When the company moves its office, it has to register the change with the Department of Business Development. However, in case it is registered in the VAT system, it has to file Form PP09 to change the address with the Revenue Department at least 15 days before registering the change with the Department of Business Development. Failure to do so will result in a fine of a few thousand Baht.

Now to register the change of address with the DBD:

A. Registering the change of address within the same province can be done within one day. However, the preparation of the registration forms and related documents may take much longer.      

B. Registering a relocation to another province will result in an amendment of the section 2 “Location of the company’s office” of the company’s Memorandum of Association (MOA). The process will take roughly 20 days with the following steps

1. The MOA can be amended through the Extra Ordinary Shareholder’s Meeting.

2. To summon the meeting, the signatory director will have to send a letter calling for the meeting to shareholders not less than 14 days before the date of the meeting.

3. Once the meeting has been held and the relocation has been approved through the meeting resolution, the relocation can then be registered with the Office of Partnership and Company Registration.

The mentioned process is only for the registration of the relocation of company’s registered office with the Department of Business Development. You also have to notify the Social Security Office if you have been registered with it when you first had an employee. Contact MSNA Group for your business needs in Thailand.

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Maternity leave in Thailand

On the side of employer:

1. Amount to pay the employee

– The employee is entitled to take Maternity Leave for a maximum of 98 days. So if she takes less than 98 days, it is fine.

– The employer will have to pay to the employee up to 45 days of wage. This means, if the employee takes 50 or 60 or 90 days of leave, the amount that the employer will have to pay is 45 days of wage anyway. On the other hand, if the employee takes less than 45 days of leave, the amount entitled to the employee shall base on the actual number of days of leave.

– In an event the wage is a monthly salary, one day of wage shall be equal to the amount of salary divided by 30.

2. Payment Term

– The payment shall be made on the date of regular payday. To make it clear please see the below example:

“The regular payday is on the 30th of each calendar month. The employee takes a 45-leave-day from the 23rd June 2019. At the end of June, the employer will have to separately pay a 23 days of wage for the work done by the employee and 7 days of wage for the Maternity Leave(from 24th to 30th).

By the 31st July 2019, a wage of 31 days shall be made to the employee and the rest of the wage of 8 days shall be paid on 30th August 2019.”

On the side of employee

The female employee can receive Child Delivery payment of THB 13,000 from the Social Security plus 50% of the 90 days’ wage, but the monthly salary cap for Social Security’s purpose is THB 15,000.

Let’s say if the monthly salary is THB 50,000, the cap allowed by the SSO is THB 15,000. The 90-day-wage shall be 15,000 x 3 = 45,000. So 50% of 45,000 is 22,500. Hence THB 22,500 shall be paid by SSO.

Contact MSNA Group for your business needs in Thailand

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Corporate health insurance policies

Corporate health insurance policies

We got a question from a client about corporate health insurance policies. Thailand has Social Security system.  The employer is required to deduct 5% (maximum Baht 750) from the employee’s salary and match the amount from their pocket and submit it to the Social Security Office. Social Security covers free medical treatment for most diseases at the hospital the employee chooses when he first joins the employer. Most companies in Thailand do not offer health insurance for their employees. However, some big companies do and they seem to be attractive employers to the job seekers.

In summary, it is not compulsory to purchase health insurance policies for your employees. Read more on Social Security and Workmen’s Compensation in Thailand.

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