Bangkok · Situation
Preparing for an exit in Bangkok
Value is lost in diligence, and it is lost on things that were fixable years earlier — customer concentration nobody addressed, contracts that do not assign, a finance function that cannot produce a quality of earnings, key-person dependency written all over the org chart.
The work is temporary and the deadline is real. A fractional or interim mandate covering the eighteen months before a process is one of the highest-return uses of the model.
What this calls for
- Quality of earnings and normalised EBITDA a buyer will accept
- Contracts that assign, and customer concentration addressed
- Key-person dependency reduced and documented
- Clean corporate records, cap table and intercompany positions
- A management team that can present without the owner
What is specific to Thailand
- Severance runs to 400 days of uncapped wages while employer social cost is capped at THB 10,500 a year. A bad executive hire is cheap to carry and ruinous to exit.
- Each foreign executive on payroll needs THB 2m of registered capital and four Thai employees. A consulting contract avoids the quota.
- Statutory audit and TFRS compliance are annual and mandatory even for tiny companies, so the recurring need is a few days a month of senior judgment, not a full-time seat.
- Authority in Thailand is documented, not implied. The DBD company affidavit names the authorised directors and the signing condition, so a fractional CFO who is not a registered director cannot sign bank mandates, tax filings or contracts. Every Thai engagement has to resolve the signatory question separately, usually with a limited power of attorney.
Roles usually bought
CFO
Fractional CFO in Bangkok
Cash, controls, reporting and the numbers investors and lenders will actually believe.
COOFractional COO in Bangkok
Turning a business that works because people try hard into one that works because it is designed to.
CTOFractional CTO in Bangkok
Technical judgment for companies whose product decisions have outgrown their engineering.
The Bangkok numbers
Fractional, per monthTHB 120,000–350,000/month (USD 3,700–10,700), typically THB 150,000–250,000 at two days a week. Advisory-only mandates — a monthly board pack and a call — run THB 50,000–90,000.
Full-time, all-inBase THB 250,000–450,000/month for a Bangkok CFO or COO. All-in with 13th month, bonus, medical and car allowance: THB 4.5m–8.0m a year, roughly USD 138,000–245,000.
SeveranceLabour Protection Act s.118: 30 days’ wages at 120 days’ service, 90 at one year, 180 at three, 240 at six, 300 at ten, and 400 days — about 13.3 months — at twenty years. No wage cap. Payment in lieu of notice on top, and restructuring terminations can reach 360 days.