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.

1. Capital Raise in SE Asia

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

3. Method Of Financing
Debt
Convertible Debt & SAFE Notes
The Valuation is less Important
Quicker round
Valuation with or without cap.

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]

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

18. Raising Capital Made Easy
Www.Horizon.VC

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

21. Investors
put money
in your
Company
Investor
Pipeline
Legal
Documents
CRM
System

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