Joe1983

Hi,

I am considering to start with some small Shawarma & Falafel store, tried the taste in so many places in Bangkok/Phuket and Kuala Lumpur but

none was really that tasty, especially the Falafel, speaking as a person that had this kind of business for years.

While living there and doing this business, I will be able to have a better understanding for going further or making other kinds of business

there. I won't be dependent on this business as this is not my main.

Thailand will always be the more favourite choice for living but so far it seems that it's easier to do business as a foreigner in Malaysia.

I am not 100% sure yet but it appears to me so.

Thanks everyone for giving your time on this subject. Labuan business in Malaysia seem to be appealing.

Anyone knows if there is any catch or some negative restrictions about it?

Kind Regards

Joe

Hi,

I am considering moving to either Thailand or Malaysia and would like to start business there as well.

Anyone kind to share their experience on Thailand vs Malaysia when it comes to easy doing business,

company registration, the convenience as a foreigner for doing business.

Thanks in advance.

Kind Regards

Joe

Thanks! ..Will definitely think about Hong Kong too. I would spend also a lot on marketing, but not as much as that.

Thank you everyone for the replies,

I do trust my partner to some good grade but can’t be 100% of course, but you always want to be extra safe. I lived before in Bangkok for more than 2 years and had several visits as well so I know Thailand to some level.

As for my business, I am confident with it and I want to do it to be able to cover my expenses and hopefully more than that while living in Thailand. It will take some time just like any other online businesses.

<MauiSteveBKK> The website will be in both Thai and Eng.
I am still not sure about the deliveries in Thailand, but will need to do further research, I should be able to provide deliveries by post or other services, just like
here in UK or other countries.
My products are 1 year and above.

I have the option to start a company with my Thai partner 49/51% but skip the work permit from the start because I am not ready yet to provide a capital of 1 or 2 million baht. Where will the capital go to? In my bank account as deposit as insurance that will be untouched or is it the cost/payment of getting a work permit?

What if someday there is some problem between me and my Thai partner, will I have my rights as 49% owner of the company?

I will be in control of the website and the money transfers, its only me that knows the source of our products with the special deals due good connections. So in worst case, my partner can’t carry on without my side. As I mentioned earlier, 100% trust is very hard and especially trusting a Thai but this is one of my insurance if in worst case which hopefully don’t have to go that far.

I am starting with a smaller amount of products , more as a sample and see how it goes, not going to spend much with my first import, but as soon as things starting moving forward, I will definitely get myself work permit and arrange things differently, no doubt.

Kind Regards
Yosef

Hello everyone,

I planning to move to Bangkok soon and would like to start e commerce online selling in Thailand.

The products will be imported from Europe and I know the import duty and vat fees when recieving it

in the port.

I do have a Thai partner in Bangkok and my plan was to let the Thai person open company and then we

start selling online. Until I see that there is positive results from this bussines and its start to go well, then I

could join my Thai partner 49%. Is it possible to do like that?

What if I would like to join 49% from the start? will I be able to recieve work permit by that and would I still need a minimum capital? if so, how much?

Sorry if my question is a bit silly, but what happens to this capital? is it just a deposit that will be untouched? That I can get it back later or use it?

Lastly, what is the advantage and disadvantage letting my partner open company vs me joining 49%?

What would you guys do if were in my place?

Appreciate any help and advice I could get as I am very new to this, thanks in advance.

Kind Regards

Yosef