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You cannot work on a Non Immigrant O visa (based on marriage).There are more details here: Well that definitely answers a few lingering questions I still had concerning starting a business in Thailand. At times it feels like everything is learnt mostly from chinese whispers. It was approved in August of 2017 but it's still not showing up on the US Thai Embassy website. Thanks :). If you aren't paying tax in your home country on this income then you'll need to pay it in Thailand (if you spend more than 180 days there in a calendar year). I am currently looking for a job in Bangkok, but for quite some time my fiancé and I have talked about opening in a small cafe/tea-house in one of the university areas. Your best bet would be to contact the Thai embassy/consulate in your country and find out the details. Here is a list of products that might be exported under the SME sector. It depends on what kind of business you set up. Krungsri Research estimates that over 2019-2021, hotel business will see growth in step with the wider tourism sector, … It's just me who would own 39% and the Thai partner 51% need to be there. Thais are extremely cautious of this because of A. being ripped off (the buyer), and B.someone committing fraud in their name (the seller). Your email address will not be published. If you want to get hired by a Thai company to get the business visa, your education level doesn’t matter. I would like to set up a small hostel and cafe on the southern beaches. 2. The FBL application … Setting a Business in Thailand. The main task of the real estate agent is advertising properties to put them in the best possible light, meeting with potential buyers, and showing them the properties. Further livencing is needed? Supplying a professional driver along with the vehicle diminishes the risks involved for automobile rental companies as they can be sure that the vehicles will be in safe hands. After 3 consecutive 1-year extensions, you can apply for permanent residency in Thailand. It is working capital, so aside from your investment. Many corporations also hire catering companies for various events and have large budgets at their disposal. Though there are many translations service is available in Bangkok but as an entrepreneur, you need to choose a place in Thailand where demand is higher and not so competitive as in Bangkok. While working you can think about what business you might be able to start. Despite the potential to make serious money in the field of translation, there are surprisingly very few high profile translation companies currently doing business in Thailand. 2. Mr. Somdet Susomboon, DITP Director-General, said: “Thailand’s gems and Jewellery industry offers all gems and Jewellery-related products from upstream to downstream and has high potential. Steve. Successful jewelry companies that manage to establish themselves in Thailand also have the option of moving into the import and export business so that they can send their unique pieces of jewelry such as rings, bracelets, earrings, and watches to major suppliers that are located in their home country as well as other countries around the world. I'm planning later to do my own business with Thai limited company , so my question is should i cancel my current B visa and work permit or i can do with no effect to my visa and work permit ? With the internet stuff it's a difficult scenario because the current law doesn't cover digital nomads (those working from a computer for clients in countries outside of Thailand). in a cost cutting manner?Request you to let me know the various options.Thanks. If you are a US citizen you can be a sole proprietor under the US-Thailand treaty on economic cooperation. Hey! As an entrepreneur, we would advise you to focus on either on Medical tourism or trading of medical devices as both have a great potential in Thailand. 1 - In a company registered with a Thai partner (Thai majority shareholder company (limited) ) the capital requirement is 1 million baht. Thank you for any advices. … Thanks! Could you please advise what's the reality here?Much appreciate your help. Because most people in Thailand are too busy with work, fast foods and snacks sell very well in the country. I only know a little bit of thai but I couldn't hold a conversation for more than 30 seconds. Des questions sur le pays? Natalie. That money could be redirected to loan repayments for the 10,000,000 baht bank loan. In 2018, hotels and restaurants combined accounted for 5.6% of Thai GDP, bringing in THB 920 billion. There are plenty of solid business opportunities in Thailand to take advantage of by both people who are looking to expand their existing company in their home country into Asia and those who are planning to start an entirely new type of business in Thailand. 1. As an entrepreneur to open a catering business, you must understand the importance of the production of food and it’s processing conditions. I can't get the same answer from anyone. The most popular form of business organization among foreign investors is the private limited company. Therefore, catering companies are becoming increasingly popular in Thailand, both among middle and upper-class Thai people and expats. Apart from accounting which is our main business, we also provide full services in Thailand BOI company registration, foreign business setup, financial and legal due diligence, tax planning, internal and external audit, payroll, work permit for expatriates, staff outsourcing and recruitment as well as corporate secretarial and other administrative work. Thanks... As far as I know, there isn't funding for foreign nationals, but starting a business through the BOI makes it easier and is the closest to that: Wow. The high competition drives down prices and the fact that you can only make as much money as you can cut or colour hair makes it hard to make a lot of money.If your GF already owns the business and is registered as a business with the relevant paperwork then you would not receive any formal recognition for your payment or right to a salary. Hi,We are Malaysian.My whole family planning to long stay in Thailand, Bangkok.Our plan is to start up a hawker stall, could u guide us what is require for the whole process? You have to do your homework and don't trust what someone says is factual or the law. While there are many Thai companies that offer travel and tour services in Thailand, one of the main advantages for international companies is that they are able to offer services that cater to the unique needs of their international clients, including guided tours in their language of choice. I have never known a Thai person to buy a business or piece of land without registering it in their name as a priority. The tourism industry is one of Thailand’s main economic sectors, accounting for 6-7% of its GDP. This is because there are always many expats and tourists in Thailand. This sounds like exactly what I need. There are lots of different elements involved in IT Services depending on the specific needs of the client and customized solutions are key to satisfy clients. Also, if for example, the Managing Director becomes an obstacle to conducting business for one reason or another can he/she be removed (easily) and replaced with a new Managing Director. Cheers!Bom. There lies my dilemma. STEP 6. The number will be only 1million. Some restaurants in Thailand even go a step further better by offering food specialties from foreign countries such as German, Italian, Chinese, and other delicacies.. To minimise cost, most operation will still be in my country.1. Successful importers of these products are often able to establish strong connections with leading supermarket chains and other retailers so that these products can be stocked on their shelves to be available to the general public. But there is hope, if you get a good lawyer. Both Thai and foreigner owners who wish to sell their real estate also often make use of a real estate agent to help find the buyer for them and in exchange for this service, they will pay a commission. My employer is US. Therefore, newly established translation companies that are able to market themselves well, offer good rates for their services, and establish a large and talented team of translators and editors in a wide range of languages are almost guaranteed to succeed. Again, it is important to thoroughly research the markets in the countries that you are interested in exporting products to in order to discover which Thai products are difficult to find and are likely to be in high demand. can u recommend a good lawyer for branch set up pls. From my understanding of your article, I can either choose Limited Partnership, setting up a Branch Office, or a Private Limited Company, am I correct? I set up company limited partnership before. The land owner has no money to pay his debt and now the banks are about to repossess the land because the land owner has defaulted on the loan for the land the resort sits on. Before you can register your business you'll also have to pay at least 25% of the initial investment capital into a corporate bank account. Go with Siam Legal or a big firm like that. Kindest regards. And what is your advice for the best application and business setup Hi, I am under the process of company formation with one Thai shareholder and other being myself and my mother.I am currently in india and the lawyer has requested me to have a valid visa for myself as well as my mother in order to proceed further. Read More: Thailand Digital Scenario and IT industry in Thailand. Hi TTL, Around 3.5 million medical tourists come to Thailand each year, according to official estimates. A resort is not a hotel is not a bar. The richness traces back in history as Thailand has abundant natural resources, especially ruby and sapphire found extensively in the nation. Also, thais will always support thais so going to police or courts will be futile or even counter productive for your self. Over 5 years and many different lawyers I still cannot get a definitive answer. However, if the rest of the shareholders together do not hold a majority over the share of the MD shareholder, then unless he/she wants to step down you will have a fight on your hands. I need your suggestion please, I want to set up a small saloon in Bangkok in a rental shop, how can i start this small work in minimum cost? If it's in the same province, you would need the permission of the employer who approved the work permit you currently have to add the new job to that work permit. It is now a 15 room boutique resort. What is the contractual set-up here? For those who are interested are invited to visit our website for details. Private catering has also become extremely popular in recent years and many people call catering companies to provide dinner for themselves and their family at the end of the day. Read more about our Representation services in Thailand. It is a professional management company to execute your visions in Thailand. I am kicking myself now that I said no. Also shown is the percentage share each product category represents in terms of overall imports into Thailand. I know a few of those situations :). Tax will be withheld on interest paid to associations or foundations at the rate of 10%. Professions are allowed (subject to restrictions) but, say, owning and working in a hair salon or restaurant is not. Registering a company takes around seven days for a private company and up to 30 days for a public company. This is a great question because it highlights one of the potential pitfalls of the 51/49 percent split. Ultimately, a company the foreign ownership of which exceeds 50% is no longer a Thai company but rather a foreign (majority) company and as such is subject to different laws. However: should I get a work-permit and correct VISA being hired as an employee by a Thai company, would this grant me the right to help my fiancé starting her business when I am off work?Any information would be greatly appreciated. We chat or line: [removed as per site policy] Hello thanks for that informative piece.. I believe it requires written approval. To incorporate your company in Thailand, you’ll need to provide the following documents: Company name; Brief description of business activities; Copy of passport/ID card of director and shareholders with signed; Copy of passport/ID of every promoter(s) with signed The country is well known for exporting computers, fishery products, textile, electrical appliances rice and automobiles. Perhaps get a job first and save some money each month. There are lots of flourishing silver mines in the north of Thailand, while gemstones are typically mined in the west of the country, especially close to the Burmese border. The benefit seems to be that you don't need a work permit on top of the visa. ARTICLE IV, Section 1 of the treaty allows: "Nationals and companies of either Party shall be accorded national treatment with respect to establishing, as well as acquiring interests in, enterprises of all types for engaging in commercial, industrial, financial and other business activities within the territories of the other Party." Thailand has long been one of the world’s most popular holiday destinations and millions of people travel to Thailand from all over the world each and every year. Plus you would still have all the visa reporting requirements to do, and the dreaded tax returns with accountancy fees too.All this and you're still a minority shareholder who can be overruled by your GF on all matters.Frankly, my advice in this would be to let your GF open a tea shop as a sole trader. Hi Mike,1. If you mean set up a company in the name of a Thai person, as a front for you (the real owner), that is illegal. Now I feel I could lose it all unless I come up with a solution with full knowledge of the law. Hello TTL,Hopefully I get the written approval from my employer and my contract doesn't forbid me to have a second job. They would sort out the work permit for you. Generally, that is the case. Buying and selling land is big business in Thailand and the cost of real estate throughout the country is constantly rising and can provide great business opportunities. To do other work in Thailand under that same work permit will require permission from your employer, because your work permit is issued by the labour department with backing from your employer. As long as you are hired, you have a very high … As I understand it, it's 1MB capital if you are married to a Thai national. I'm just concerned about joining all the dots together.She tells me that the company is still in her name even tho she sold it to her friend several years ago.If i am to provide the cash, i want something formalised to reflect that I have paid into the business and need to take a monthly salary out of the business.Any thoughts on my next steps?Also what tax is payable either on a yearly or monthly basis?BEST REGARDS. The following is an overview of establishing a business in Thailand.. As in most countries, there are three kinds of business organizations in Thailand: Sole proprietorships, partnerships, and limited companies. To achieve this the company would have to be dissolved and a new company formed. 1. setting up a conpany or us as individuals what if my business only cost 500k bht. Do you mean a salon? The land and the resort realistically is valued at about 17,000,000 baht. A foreign company interested in opening it has to submit an application that is reviewed and approved by the committee on its merits. Notre site cumule des informations permettant de préparer votre voyage Thailand is one of the main transportation hubs of Asia and the nation shares excellent transportation links with countries throughout the region via air, road, rail and sea. A foreigner may use a Thailand-registered company to obtain property rights or land interest in Thailand. Of course this all depends on him being able to somehow retrieve his balls from his wife purse where they have been residing for the past 20 some odd years. At present, the catering business has surged owing to the growing number of international visitors, domestic travelers, rising number of wedding ceremonies in the country including a growing number of meetings, incentives, conferences, and exhibitions (MICE) events being hosted in various regions of Thailand. This is especially true in large cities such as Bangkok and Chiang Mai where many people work long hours and live in modern apartments that have limited cooking options. You need your work permit from your current company to continue your employment with them. Okamura Corporation (Japan) Okamura International (Singapore) Pte Ltd. Okamura Salotto Hong Kong Limited . dtac offers both postpaid and prepaid internet packages, numbers with special promotional prices, and online services for the need of transactions on smartphones that are easy, convenient, and secure. Hey Dan, did you get anywhere with this? 1.7K likes. Now that Thailand is part of ASEAN, there is also an increasing need for Thai companies to also translate documents into other Asian languages such as Chinese, Japanese and Korean so that they can do business with companies in these countries. Hi Terry, wow, this is quite something. Okamura Chitose Indonesia. Here is a graph for you to see how Thailand has fought back during difficult economic times and also some data related to the market segmentation of foreign buyers. What’s the structure I need to use for a business like this? Thailand’s hotel management service businesses are excluded from the restrictions of the Foreign Business Act. You wouldn't receive a monthly salary unless you were working there, and for that you would need the work permit. Consider that as a partner in the business you will most likely need a work permit to carry out duties relating to your position (if you are living in Thailand). Proceed with caution . A Foreign Business License takes a period of at least 60 days from the date the application is submitted in order to receive approval or denial. Despite the large numbers of people who travel to Thailand each year both for business and pleasure, there are relatively few vehicle rental companies to choose from and this presents a real gap in the market that is just waiting to be filled by a company that is searching for a business opportunity in Thailand. So you'll be paying the bank and not the owner. Thailand has almost 1400 hospitals and medical facilities, 378 private establishments and 66 JCI accredited medical institutions, which makes Thailand number one in South Asian country and 4th highest number of US credited hospitals in the world outside the USA. I am not planning to quit my job for now, but I want to slowly get my own business at the same time and if successful why not quit my current job in the future. I thi No it is a good proposition. But it is a bit more complicated than that, as there are multiple ways to set up a business. You would need to enter the country with a B visa, you'd get the B visa with a job offer letter from your wife (the company director) and some other requirements - see here: If you're married with your Thai wife you don't need to change your marriage visa but you need to get work permit. to get hired by a company in Thailand; to start a company in Thailand and hire yourself; You can’t apply for the Non-B visa yourself without the supporting documents from a company in Thailand. The margins are slim in tea and coffee and the competition is fierce.You could set up a company with your GF as 51% owner, but it's a lot of hassle for a tea shop. In the last few years, a small number of international companies have established their own companies that source designs from their own country and market them in Thailand. What should I do? StartupinThailand would be glad to assist you with initial handholding and support in operating your catering business if you so desire. Once the Thai company registration is completed, most companies will probably want to open a corporate bank account in Thailand. TILA Legal will prepare the required documents and open a corporate bank account on your behalf, but the company directors must be present. This where it gets tricky. If you want to do the work in Thailand also you can get work permit. However, being the 20th largest export economies of the world, accounting for two-thirds of its GDP, Thailand has ample opportunities for entrepreneurs who wish to do trading business. StartUp in Thailand is the single-window solution for any business startup and expansion requirements in Thailand. dental, plastic surgery. VAT registration . However, many modern Thai people find that that they no longer have time for cooking large meals to entertain guests and many people tend to eat most of their meals outside of the home. The relatively low cost of raw materials combined with the high demand for unique and attractive jewelry both among Thai people and Westerners makes establishing a jewelry company in Thailand an excellent opportunity to start a business in Thailand. How can I trust what I am being told about the laws that I need to know to know what are good options for me. In addition, even the leading translation companies only tend to offer a limited number of languages. Listen now I have a 12 year lease on a resort. What kind of company do i need to register? Both individuals and companies consistently need to have important documents such as contracts and other types of legal documents translated from their own language into Thai and vice versa, this situation can provide good business opportunities in Thailand. Experience has shown me that once thais get their hands on your cash you never see it again . Catering companies are hired to provide catering for a wide range of different types of events such as wedding receptions, birthday parties, anniversary dinners, and retirement parties. In want to start to tutor english to subsidize my social security what do i need to do from legal point of view This can either be through technical or knowledge transfer, employment or investment factors. Hi there,Im a civil engineer-Structural designer and would like to set up a small company company to work by myself only. 3 regulatory requirements.

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