How to structure a company in Thailand with a foreign headquarters and raise capital in South East Asia. This presentation shows use of a BOI company (board of investment approved company in Thailand) with a HQ in Singapore or Hong Kong. Also discussed are options for venture capital in the region.
2. Who Am I?
• Previously Raised SGD $589,000
• Current CFO of Iglu
• Legal and Financial Background
• Formed over 100 entities BVI, DE, SG
• Founder of Horizon.VC
4. Method Of Financing
Equity
Sell a % of your company for a valuation
The Valuation is VERY Important
Deeper Due Diligence
Professional Valuation from CPA
5. Fundraising
SE Asia
• F&F&F > $50000
• PreSeed $50,000-150,000
• Seed $500,000
• Series A $1,500,000
• Series B 1.5M +
• IPO – SGX, Taiwan, Australian
6. Thailand Investors
• Galaxy – Adrian Stewart
• Ardent Capital – Adrian Vanzyl
• CyberAgent Ventures Arm (japan)
• Recruit Holdings VC Arm (japan)
7. SINGAPORE
• Private Money
– Angel Investors ($50,000 to $250,000)
– Incubators ($250,000 to $1,000,000)
– Private Equity ($1M to $5M)
• Government Money
– Numerous Grants $50,000
– Spring Seeds $250,000
– Spring TECS Grant $250,000 / $500,000
– TIS NRF $589,000 5:1 Matching
– NRF $1,500,000 1:1 Matching
8. Thailand Landscape
• Few Investors
• Little Government Incubation / Help
• Many Startups Keep HQ Abroad
• BOI Company for Work Permit/ Tax
9. BOI Company
• Necessary foreigners w/ Thailand Startups
• 51%
• Tax
• Work Permits
– Diplomatic entry
– Right to own land
– Different department than immigration
– No routine check ins
10. BOI Company
• 1 M capitalization
• 25% must come in
• 3 years to meet expectations + 1 year
leeway
11. How to Raise Capital
• Create Pitchdeck + Business Plan
• Fundraising Playbook
• Contact Investors
• Secure a lead
• Agree to Terms
• Structure Company (optional)
• Close on Round
12. Restructuring
Option 1: Use NEWCO Entity as a holding
company that owns 100% of operating
entity. [Operating entity has 1 shareholder]
13.
14.
15. Phase 2: Interest
• Company Interest
– Partner Meeting
– Estimated size of round
– Use of funds (in broad buckets)
– How many attracted investors
1. Introductions
2. Interest
3. Due Diligence
4. Closing
16. Phase 3: Due Diligence
• Due Diligence Phase
– Accounts / Books
– Employment Contracts
– Assignment of Intellectual Property
– Non-Competes
– Users, Customers, Traction
1. Introductions
2. Interest
3. Due Diligence
4. Closing
17. Phase 4: Closing
• Restructuring (if any)
• Legal Documents Signed
• Bank Accounts
1. Introductions
2. Interest
3. Due Diligence
4. Closing
19. Introductions We Provide
• Every Investment Firm In Singapore
• 30+ Angels
• TIS Incubators 5:1 Matching
• 15 Seed Funds
• Ijam, Ijam Reload
• TECS Grant and other Grants
• Spring Seeds 1:1 Matching
20. Sign up Your company
Download Investor Lists
Email Investors
Track Interest
Upload Documents
Investors sign documents
Get money
24. OutSourced Development
Iglu.in.th
• Outsourced Development
– Per Hour ($50/hr) project manager + programmer
• Per Dedicated Senior Programmer
– European senior programmer 40hrs per week
$4000 per month from our offices
Ruby, ROR, C++, HTML5, CSS, JavaScript, JS
Node, AngularJS, .NET, Entity framework, LinQ
MySQL, more..
25. Service Offering
SiamStartup.Com
LEGAL RESTRUCTURING
• BOI Set Up
• Incorporation and Legal Structure
• M&A Assistance
FINANCING & INVESTMENT
• Debt and Equity Financing
• Funding at Each Level Needed
TAX & ACCOUNTING
• Bookeeping
• Tax Minimization
• Compliance and Investor Confidence
Notas do Editor
Compiled and put in secure cloud. Useful to gather now as investors will need to see later. We know 90% of what they want and can streamline the investment process.