Professional Accounting Services in Thailand

Professional Accounting Services in Thailand

Immediate Consultation
Immediate Consultation

Starting a Business

PEO Service/EOR Service

A Professional Employer Organization (PEO service), also known as Employer of Record, provides a streamlined option for quickly hiring and onboarding employees in Thailand.

Utilizing our outsourced employment service avoids the costs and uncertainties of establishing a local company and allows quick access to the Thai Market.
  • Quick Entry to the Thai Market
  • Limited Investment Required
  • Payroll & Tax Services

Cost

From: 15,000THB

Investment

Monthly HR outsourcing service

Process Time

30 Business Days
peo service Professional Employer Organization

PEO/EOR Service at a glance

  • Our PEO service allows you to enter the Thai market and start working as soon as possible. Our experts will handle the intricate details, so you can focus on other areas.
  • Skip the complexities of establishing a company, investing capital, and hiring local staff with our PEO service. Streamline your process while staying focused on your business objectives.
  • Our PEO service takes care of employee payroll and tax responsibilities, allowing you to concentrate on your core business activities with peace of mind.
In addition to the aforementioned requirements, please note that additional documentation may be necessary during the application process.

Why trust VB & Partners for the PEO/EOR Service?

Our Professional Employer Organization (PEO) service, also known as Employer of Record, offers a streamlined solution for quickly hiring and onboarding employees in Thailand. By utilizing our PEO service, businesses can avoid the costs and uncertainties associated with establishing a local company while gaining rapid access to the Thai market.

What does this package include

  • Optimize PEO for business and invoicing
  • Collect info for 3-month visa
  • Assist with work permit and 1-year visa
  • Handle payslips, tax, and HR

Subscribe to PEO/EOR Service

Monthly HR outsourcing service
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Receive your free quotation regarding accounting and tax services in Thailand within 24 hours.

Whether you are getting started in Thailand or are looking for a new accounting service, our experts are ready to help. 

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Frequently Asked Question

What is a Professional Employer Organization (PEO)?

A Professional Employer Organization is an outsourcing firm that provides comprehensive HR services to small and medium-sized businesses. Through a co-employment model, the PEO becomes the employer of record for tax purposes while the client company retains control over day-to-day employee management. This arrangement allows businesses to leverage the PEO's expertise in HR management, payroll processing, employee benefits administration, and compliance with labor laws.

Who is eligible to use PEO services?

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Eligibility for PEO services is generally open to professionals who hold a bachelor's degree and have at least five years of work experience. Specific industries such as digital services, business support, or C-level positions are often prioritized.

How do PEO services help in establishing a business in Thailand?

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PEO services provide a swift entry into the Thai market by managing HR functions, payroll, and compliance. However, for long-term operations, it is recommended to transition to a Thai limited company once the business is established.

What payroll and compliance services do PEOs offer?

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PEOs manage payroll processing and personal income tax filings for employees. After residing in Thailand for six months, employees are considered Thai tax residents and can benefit from the favorable tax system.

How are work permits and visas handled through a PEO?

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Work permits and visas are granted under the Thai company associated with the PEO. The individual is recognized as an employee of this Thai company and operates under its supervision while fulfilling tasks allocated based on a service agreement with an external company.

What health insurance and social security benefits are provided?

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Employees registered with a PEO are covered under Thailand’s social security system. Additionally, PEOs offer supplemental health insurance options to ensure comprehensive coverage while in Thailand and during international travel.

What is the recommended timeline for starting the process with a PEO?

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It is advisable to begin the process at least two months before your intended start date in Thailand. Preparing documents for the initial three-month business visa can take up to three weeks, followed by additional time for job position approval and scheduling meetings for work permit applications.

Can I use a PEO to sponsor my work permit in Thailand?

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Yes, using a PEO allows you to sponsor your work permit legally. The PEO acts as your employer of record, ensuring compliance with local labor laws while managing all necessary documentation.

What costs are associated with using a PEO?

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Costs can vary depending on the services offered by the PEO. Typically, service fees range from 15,000 to 20,000 THB per month, with additional one-time fees for visa applications and renewals.

What types of businesses benefit most from using a PEO?

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Small to medium-sized businesses looking to expand into Thailand without establishing a legal entity can greatly benefit from partnering with a PEO. This arrangement allows them to focus on core operations while outsourcing HR functions.

How does working with a PEO reduce risks for businesses?

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Partnering with a reputable PEO minimizes risks associated with compliance and regulatory changes in Thailand's employment laws. The PEO keeps businesses informed about these changes and ensures that all operations adhere to local regulations. This FAQ section provides clear answers to common questions regarding Professional Employer Organizations (PEOs), helping potential users understand their benefits and operational processes effectively.

What services do PEOs typically offer?

PEOs offer various services including payroll processing, employee benefits administration, compliance assistance with labor laws, risk management solutions, recruitment support, and training programs.

Who can benefit from using a PEO?

Small to medium-sized businesses across various industries can benefit from using a PEO. Companies looking to streamline their HR functions while accessing competitive employee benefits often find partnering with a PEO advantageous.

How does partnering with a PEO save money?

PEOs can negotiate better rates on employee benefits due to their ability to pool employees from multiple companies. This results in lower costs for health insurance and other benefit plans compared to what individual small businesses might secure on their own.

Can I still manage my employees if I partner with a PEO?

Yes! While the PEO handles administrative HR tasks and compliance issues, your business retains control over day-to-day employee management decisions such as hiring and performance evaluations.

Can I use a PEO service to sponsor my work permit in Thailand?

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It is essential to understand that the PEO is not just a facilitator but acts as both the legal and actual employer in Thailand. This means that employees working under a PEO are directly governed by, and must adhere to, the instructions and policies set by the PEO. While there's flexibility in determining specific job roles, responsibilities, KPIs, and other work-related parameters — often established in a service agreement between the original company and the PEO — it's mandatory that all the outlined tasks and responsibilities fall within the official business activities of the PEO in Thailand. This ensures that the employment is genuine and not merely a workaround for visa provisions. It's crucial to highlight the legal implications: Thailand prohibits entities from issuing work permits to foreigners if the primary or sole intention is just to secure a visa without genuine employment undertakings. Such practices can lead to severe penalties for both the PEO and the foreign individual.

What are the tax obligations for employees in Thailand?

The tax obligations for employees in Thailand are as follows:

Net Taxable Income (THB)Tax Rate (%)
0-150,000Exempt
Greater than 150,000 but less than 300,0005
Greater than 300,000 but less than 500,00010
Greater than 500,000 but less than 750,00015
Greater than 750,000 but less than 1,000,00020
Greater than 1,000,000 but less than 2,000,00025
Greater than 2,000,000 but less than 5,000,00030
Over 5,000,00035

The employer withholds the employee's Personal Income Tax on a monthly basis (source tax), based on the projected annual salary income. Additionally, the employer deducts the social security tax, which is 5% of the employee's salary, capped at 750 Baht.

Employees are required to file their annual personal income tax return by April of the subsequent year. The final tax amount may be adjusted to account for deductions or any other taxable income that might have been earned or brought into Thailand. Our tax experts are on hand to assist our clients with personal income tax matters in Thailand.

In practice, the salary should correspond to the employee's role and experience and be sufficient to cover their living expenses.

 

What is an Employer of Record (EOR) in Thailand, and how can it benefit my business?

What is an Employer of Record (EOR) in Thailand, and how can it benefit my business?
An Employer of Record (EOR) in Thailand, also known as a Professional Employment Organization (PEO), is a service that enables businesses to hire employees in Thailand without the need to establish a local legal entity. The EOR acts as the official employer for the employee, handling payroll, taxes, legal compliance, and benefits, while the business retains day-to-day management of the employee's role and responsibilities. This solution is ideal for companies looking to expand into Thailand quickly and compliantly, reducing the administrative burden and ensuring adherence to local labor laws.

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