How to Set up a Business as a Foreigner in Thailand
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- เผยแพร่เมื่อ 20 ก.ย. 2020
- In this video we talk about what it takes to set up a business as a foreigner in Thailand. It is required that you have 3 shareholders. At least one shareholder needs to be Thai and they must have 51% shares in the company. The two other shareholders could be 2 foreigners, or 1 foreigner and 1 more Thai person.
For Americans, it is possible to set up a company and own 100% according to the Amity Treaty. We can help you with an Amity Treaty set up if you are American. There are different perks between choosing Amity set up or the Thai Company Limited. We can also assist with the BOI Company set up. BOI endorsement gives you tax breaks and other incentives for doing business in Thailand. However, only specific industries can be approved for a BOI set up.
If you see yourself living in Thailand for at least the next 3-5 years, setting up a business may be right for you. We never suggest people to set up business, just to get a visa. There are many other long term visa solutions in Thailand to choose from.
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Amazing Video! Such helpful information
Thanks so much!
THANK YOU VERY HELPFUL AND CLEAR.
Thanks so much
Thank you for the amazing video. The clearest explanation of setting up a business in Thailand I learned the details in this video.
Thanks so much Aykut. Feel free to set up a free consultation call with us if you have any questions settleinabroadconsultations.as.me/
This is very in depth, and that's appreciated. Thanks for putting this info together!
Hi there, thank you for your kind comment.
Feel free to email us at info@settleinabroad.com if you have any questions.
I wish I found this channel earlier, this is so concise. Will be in touch in future
Hi there, thank you for your kind comment.
We're here to help, feel free to send us an email at info@settleinabroad.com.
We look forward to hearing from you.
so helpful, thanks!! :D
Great to hear, thank you!
Amanda, I'm very excited to watch the Thai-US amity treaty video. Thanks and cheers!
I second this!
Thanks for letting me know about your interests. We will make the video soon.
@@SettleinAbroad Thanks so much! Perhaps we will meet in person in the next 3-4 years. 😁
@@MarkZinkel Sounds good Thanks!
This all sounds amazing and thank you for your insightful help and advice! I’ve learned so much about this process from all your videos.
Thanks so much! So happy to hear that.
Amazing
Thanks so much!
If you want to set up any business in Thailand get yourself an honest Thai partner you can trust. Thats the hardest part??? but the most important aspect of doing any business in Thailand. Without you will be subject to costs etc that you wont realize esp if you cannot read, write or speak Thai?????......Spend a year or so here & get to know the place & business espects as you can easily jump into the frying pan if you dont?
So helpful
Happy to hear that! Thanks for watching.
Hi this is very effective video . Thanks for it. Pls can I have more details to open business in Thailand .
Thanks so much. Yes, feel free to email us at info@settleinabroad.com. Please let us know in more detail the type of business you are looking to start.
Hello, Perfect!
Thank you for your kind comment.
Hi friend thanks your video I have to say the explanation is so clean how can I reach you for a more detailed?
Thank you again for your kind comment. You can reach me at info@settleinabroad.com
I'm currently in Chiang Mai on a 1 year education visa. I'm looking to setup a Machine/manufacturing shop in the future.
Hi Brian, thank you for getting in touch.
We will need to get more information about your circumstances and the business in order to advise you correctly. You can email us on info@settleinabroad.com.
We also offer a Free Consultation Call where we can gather all the relevant information and answer any of your questions. Please schedule your call via the link below.
settleinabroadconsultations.as.me/schedule.php
I look forward to hearing from you.
👏🏽👏🏽👏🏽
Great I came upon this video. I will send you an email soon. Mine might be a bit complicated. Hope you can help.
Hello Jimmy, thank you for reaching out.
It's great to hear that you're interested in doing business in Thailand. Yes, feel free to drop us an email at info@settleinabroad.com and we can look into your options.
Alternatively, you can schedule a Free Consultation Call via the link below.
settleinabroadconsultations.as.me/schedule.php
We look forward to hearing from you.
Hi
Rooms for rent,,,
Do I buy land, complete building, then set up the business, or business set up first.
I will be setting up approx 40 kms South of Ubon Ratchithani.
Is it possible to get rough costs for business licence, yearly accounts and all documentation
Darren
Hi Darren. Thanks for your comment. Foreigners cannot 100% own land, but Thai Companies can. So you can set up a Thai company first and then buy land. The business licenses and accounting will depend on the type of business you plan to do. Feel free to email us at info@settleinabroad.com more detail about the company you are looking to set up and we can give you some cost estimates.
how much its will cost me to open a resturant buisness through you?
Question prior to reaching out to you; can my wife and two children count as three of the four required employees who hold Thai citizenship?
Hi Conor, thank you for reaching out.
That would greatly depend on the age of your children and a few other details. We'd recommend to book a paid consultation call via the link below. This way we can gather all the necessary information to advice you correctly and answer any question you might have.
settleinabroadconsultations.as.me/schedule.php?appointmentType=24301682
So i have a question, foreigners cant own land in thailand but businesses can, can i create a business and buy land for then business/ home on the property and also does the amity treaty work with this?
Except for the bill they put up last year which allowes foreigners to owncland if they have something like 1.2 million $ in a thai bank lol
Thank you for your help
Hi there, thank you for reaching out to us.
That's correct, only Thai companies can own land. You cannot own land under the Amity Treaty. If you have any additional questions, feel free to email us at info@settleinabroad.com
Do you operate in Bangkok as well or are you exclusively working in Chiangmai?
We also operate in Bangkok. We can assist with company set up anywhere in Thailand.
Good informative video. I was thinking of starting a muscle healing business and offer training too. But, not really having no connections there besides coming there and meeting a girl there, it sounds like it would be challenging. Plus, you only get 49% of the business, how can you trust someone who has 51% stake in the company, where I train them, because they have no idea on how to do what I do, and then they decide to take over my business idea once they get experience. Hmmmm?
Hi there, thank you for your kind comment.
Yes, of course it's difficult to find the right local partner and everyone's business processes look different. The best you can do is have secure legal contracts in place.
Is there a minimum investment amount obligation for opening a bar or restaurant bussiness
Hi there, thank you for getting in touch.
Usually 100,000 baht is the minimal capital requirement. Any other capital requirements for businesses depends on how many foreigners need work visas. If one foreigner needs a work visa then the capital must be at least 2 million baht.
Feel free to email us if you have any other questions at info@settleinabroad.com
Hi, I and my 2 friends are planning to open a business in Thailand. Are 3 foreign partners and 1 Thai partner allowed?
Hi there, thank you for reaching out.
We will need more information about your case as it is so specific. Please schedule a paid Consultation Call at a time suitable for you via the link below. This way we will be able to answer any of your questions.
settleinabroadconsultations.as.me/?appointmentType=34288220
We look forward to hearing from you.
Treaty of amity
Hi Matt. Thanks for the suggestion. We will be posting our video about the Amity Treaty shortly.
i want to get a shop on rent in Thailand for a long time.could you help ?
We can help you get a shop and visa. Please feel free to schedule a free consultation at app.acuityscheduling.com/schedule.php?owner=18489815&calendarID=3350626
Trying to set up a consultation. No times available. Can you please help?
Hi Quenton. We are sorry to hear the scheduling link isn't working for you. Please try this link: settleinabroadconsultations.as.me/ or you can email us at info@settleinabroad.com and we can set up your consultation call manually.
Do you help people only in Bangkok or anywhere in Thailand?
We can help people anywhere in Thailand.
Do you help with business ideas and making connections with Thai business partners?
Hi Malini, thank you for reaching out.
We can certainly have a chat about the type of business you're looking to set up in Thailand and we can offer you suggestions. In order to identify a Thai shareholder, we usually advise our clients to attend networking events and get involved in the neighborhood.
Feel free to send us an email at info@settleinabroad.com with any additional questions.
Is it mandatory to have 4 Thai employees? What if the business is small and doesn't require 4? There's no workaround for this rule?
Hi Marshall, thank you for reaching out.
At this moment in time there is no way to open a legal company, with a foreigner as a director, without employing 4 Thai nationals. This is in place to ensure every foreign owned business is contributing the local economy and creating jobs for Thai citizens.
Feel free to send us an email at info@settleinabroad.com if you have more questions.
Alternatively, schedule a Free Consultation Call via the link below.
settleinabroadconsultations.as.me/schedule.php
There is a way actually.. .many have ghost staff.. pay them 1 baht a year. Done
If you have 2 Thai partners having 51% and you as a foreigner having 49%, but you are the sole Director, are you required to pay dividends to the Thai partners? What benefits do they have then?
Hi Mark, thank you for reaching out.
Yes, according to Thai law, you must pay dividends to your Thai partners. This would be the benefit for them to be your Thai partner.
Feel free to send us an email at info@settleinabroad.com.
Alternatively, you can schedule a Free Consultation Call via the link below.
settleinabroadconsultations.as.me/schedule.php
If thai owner start food truck business can a foreigner have work permit to work with it
Hi there, thank you for reaching out.
Yes, technically you could if the food truck also employed 4 full time Thai employees. If you have any additional questions, feel free to email us at info@settleinabroad.com
My advice is dont start a bussiness in thailand 30 years experience here go to a more welcomeing country to go to. You will lose money here
Got any suggestions for Asian countries?
I would like to know some of the things.
I am married to thai and have two kids. I want to get citizenship , but I never worked in thailand. I know i need to pay taxes for 3 years continously , and 3 years of non-0 extended to apply for citizenship.
Is there any way to apply for citizenship without working ?
For example : if my wife register a company ( she is thai ) and do work permit for me with a salary of 50000 baht per month to 3 years and pay taxes accordingly.
Can I apply for citizenship.
I don't want to own any thai company , so I can register full on my thai wife and earn a work permit to work in her office.
Will my ideas worth ? Or is any way to buy citizenship ? I can pay until 1 million baht for citizenship. Am ready for that too.
I have kids I really need it. Am too tired on visa hassle and afraid of future visa restrictions. Help me on it.
Hi Jack. Thanks for reaching out. Getting Thai citizenship is an extremely difficult process. It is very expensive with no guarantee of being granted citizenship. It also requires that you are fluent in Thai both verbal and written. A good visa option for you would be the Non-O Marriage Visa and your children can get dependent visas. Yes, a business visa is an option as well if you choose to set up a business with your wife. Please feel free to set up a free consultation call with us here and we can discuss your options: settleinabroadconsultations.as.me/ We look forward to chatting with you.
How much does it cost to set up a tourist guide business in Thailand?
Hi there, thank you for getting in touch.
The cost of the business set up will depend on how many foreigners will need a visa.
Feel free to schedule a Free Consultation Call via the link below.
settleinabroadconsultations.as.me/schedule.php
This way we can answer any more questions you might have.
Hii please can you tell me how an indian doctor can settle and work in Thailand Bangkok
Unfortunately it is very difficult to find work in the medical profession in Thailand as those jobs are kept for Thai nationals.
Pay Thai and home country taxes, go through the pages of work Farangs not allowed to do in Thailand, not allowed to have a Paypal account or pay in digital currency, submit income records to anti laundry authorities, ect, ect. Thailand not the place to do business in. Been in Thai decades and very few businesses by Farangs do well, generally Thais get priority and tax breaks.
How about online business? Any details?
If you are thinking about setting up an online business, the process is similar. The Smart Visa is the best visa for online businesses and it doesn't require you have the 4 Thai employees per foreign worker. Check out our video about the Smart Visa here: th-cam.com/video/DNknQHw2FhE/w-d-xo.html
1.Can i buy clothes there and sell online internationally without it being registered as a company?
2.can i source products and ship back to my country without setting up company
3.if i setup company does my visa cover my family to live there with me too, if i wanted to live there longer and start company?
Hi there, thank you for your comment.
1. To legally do business in Thailand you would have to be register as a business.
2.This type of business would require an export permit.
3.Yes, you can get a business visa with a limited number of dependent visas for your family.
If you have any additional questions, feel free to send us an email at infi@settleinabroad.com
@@SettleinAbroad thankyou
@@SettleinAbroad thankyou
@@hokimoki3677 No problem, we're happy to help.
@@hokimoki3677 We're happy to help.
May I reach you out for opening a business consultation,
Thank you
Hi there! Thanks for reaching out.
There are many different regulations and licenses depending on which business type you are looking to set up. A call would be best to discuss your options in more detail. Schedule your call via the link below and select "I want to Set Up a Business in Thailand", please.
settleinabroadconsultations.as.me/schedule/f607b374
I like to start business in thailand
Hi there, thank you for reaching out. That's great, we can certainly assist you. Please send us an email at info@settleinabroad.com with more details and we take it from there.
Simply awesome but wondering how would have things gone during last 3 years of covid . I am from Pakistan and planning to open restaurant there. Since it’s year old so if you can update any figures that have changed like minimum number of employees we must hire and current minimum wage etc as I ve heard a different figure . Also I would like to know the edge that the Thai shareholder will have over you with 51% . Coz as per your video it doesn’t seems to be a big deal but there must be something to it .
The minimum wage is now 354 baht per day. The number of employees you must hire is still the same. The Thai Shareholder has the right to demand 51% shares. However, they cannot close the company without you or have access to the bank account if you are the Director. The Director has the signing power and access to funds and foreigners can be Directors.
@@SettleinAbroad Thanks for to the point explanation 🙂.
@@yasirakb79 No problem. Feel free to email us at info@settleinabroad.com if you have any other questions.
@@yasirakb79 No problem :)
I’m thinking about a bar. Can you help?
Hi Chris, thank you for reaching out.
Yes we can certainly help with that. Please send us an email at info@settleinabroad.com and we can send you a pdf with all of the details.
Hello I am foreigner, interested to prepare a business, in indonesia or thailand, i need logistics and legal support if any one help me please!
Hi Afzal. We assist with company set up in Thailand. Please feel free to set up a free consultation call with us and we can discuss your options settleinabroadconsultations.as.me/
Thank you for that important information Miss, My name is Surjit Singh and I live in India, right now I have my own Showroom of home decor products in Nainital ( India) .For past 8 years I'm visiting to Thailand and I'm really fascinated by the culture and the people there and of course the life style they enjoy, I already imported many home decor products from Bangkok and Chaingmai as I have import export licence too but now I'm very eager to setup my own company in Thailand so when I saw your video on business visa I'm really impressed, thank you for the great and clear information. I hope I can get in touch with you for more information so that I can setup my company there. Thank you
Hi Surjit. Your business sounds great. That's awesome you already have your export and import license. Feel free to email us with any questions about setting up a company info@settleinabroad.com Thank you!
Are you still operating??
Hi James, thank you for reaching out.
Yes, of course we are. How can we help you? Feel free to drop us an email at info@settleinabroad.com.
We look forward to hearing from you.
Hi when can we chat. I’m in New Zealand. Regards Glenn
Hi Glenn. Here is the link to our schedule. Feel free to book a call here: settleinabroadconsultations.as.me/ We look forward to speaking with you soon.
If you are married to a Thai, it only requires 1 million Baht to set up the company. Also, if your wife has a business already then, they can add on the list what their business do. So, if you wanted to do photography you can add media marketing to the operations of the business and then you can legally do anything because the business board has already approved the business. Your work permit also covers everything within the business so that is something to consider.
Yes correct
I want to open 7-11 store in Thailand. Do I need to contact 7-11 company here in the USA directly or do your company help to set up in Thailand? Please advise.
Regards.
There is a master franchisee/Thai franchisor in Thailand.
Cost
Hi there, the costs are determined on a case-by-case basis. Feel free to set up a Free Consultation Call via the link below. We can go over our visa services and answer any additional questions you might have.
settleinabroadconsultations.as.me/schedule.php
It's much better to have your own business than rely on a boss for your income.
This is especially true in today's economic situation.
Absolutely, we couldn't agree more. Thanks for sharing.
I heard there are many scams. Thi shareholders take your business 100 . And kick out his partner
Hi there, thank you for your comment.
Whenever you do business with anyone you always need to have trust and many legal contracts involved. We would never suggest that someone sets up a business with a Thai person that they don't trust.
Pls check mail
Hello, We have received your email and we responded. Any further questions please email info@settleinabroad.com
Hello, I just watched your videos. I am a US Citizen wanting to start a couple businesses here in Thailand with my Thai girlfriend. I am on an exempt visa and just extended my stay for 30 days. December 9th would be my expiration date and I do plan to do the 60 day covid extension before the expiration date of November 26th. I need some general and legal advice on my next move and as well as starting up the businesses. I would like to stay long term without needing to leave the country and back due to the risk of covid would that be possible? You can private message me and I can give you my Line ID as we can discuss more. Thank you.
Hi Bam. Thanks for reaching out. That's very exciting that you plan to start a business in Thailand. Please feel free to set up a free consultation call with us and we can discuss your options further. settleinabroadconsultations.as.me/