Finding a contract in Thailand may seem challenging enough, but what comes next? It's not as easy as taking a job and letting your employer deal with all the paperwork. As a contractor in Thailand, you not only do the work, but handle all administrative tasks as well. Make sure you understand the requirements for working as a contractor in Thailand.
Requirements for Contractors working in Thailand
The first thing you need to figure out is who will sponsor your work permit. Thailand requires an employer to sponsor you before you can work in the country. While the business you're contracting with may sponsor you, this isn't normally the case for contractors. Even if the business does sponsor you, you'll need to find a new sponsor if you contract with a different business in the future. The second part is even more complicated – understanding Thailand's tax laws. You'll need to figure out exactly how much you need to pay and whether you'll need to pay taxes in your home country as well.
Thailand contractor opportunities can be lucrative if you get setup properly. All the above requirements are easily handled by an umbrella company. All you need to do is send in your timesheet. They act as your sponsor and manage all the administrative work related to payment and tax so you focus on your contract and enjoying yourself. They will run your funds through their payroll, deducting local income taxes and social security, and pay the remainder to you.