Sunbelt Asia

Hi Stef

There are two main paths you can take:

1. You can add a branch office and have Pattaya as the HQ and Bangkok as the branch, when it comes to applying for your extension, you can extend from the Branch office (Bangkok), but you would then have to show 8 Thai employees (4 in Pattaya and 4 in Bangkok).

2. The other option is to relocate the HQ to Bangkok from Pattaya

With this path you have two options:

A.. Return your current work permit and apply for a new one from Bangkok (government fees will be at max i.e. 3,100 Baht plus you will need to provide an entirely new set of documents just like applying for a new one).

OR

B. Keep the current work permit booklet, file for a relocation of the company's HQ (govt fees approx 1100 Baht) but if you let the Pattaya Labor Department handle the transfer then it can take up to two months to complete OR hand carry the file to Bangkok (100 Baht to the Labor office in Pattaya and 1000 baht in Bangkok to submitt he relocated file)

This way you keep your current work permit booklet

Sunbelt Asia can assist you in this process if you need,please feel free to send me a personal message

[sunbelt][/sunbelt]

Thai law requires that if it is unsure if your consumers are Thai nationals or if they are based in Thailand or elsewhere then you will need to pay VAT. So, for example, if you were to sell DVDs and export them all overseas, with it obvious there are no sales in Thailand, then you could avoid paying the VAT.

However, because people will be downloading online (or over their mobile) then they could be anywhere in the world, including of course, Thailand and so the government does require you or the consumer to pay the 7 % VAT.

“(2) provision of services performed in Thailand and used in a foreign country in accordance with the type, rule, procedure and condition prescribed by the Director-General, 2

2N.DG.VAT.No.105

provision of services performed in Thailand and used in a foreign country shall include provision of services performed in Thailand for the production of goods in Customs free zone for the purpose of exportation and the provision of services performed in such zone for the production of goods for the export purpose;”

[sunbelt][/sunbelt]

I agree with the previous poster, you must have a one year extension of stay based on your job with a multiple entry re-entry permit.

You cannot transfer a work permit to company B from company A which this visa is based on but you can add a work permit location to your existing work permit. This way if the company A cancels your work permit, your work permit is still valid because of company B

The extension of stay is then not cancelled as you still have a work permit with company B.

However, as you said the extension is coming up and it takes ten days to add a second work permit to the existing one, you would also have to get approval from Company A and since you are leaving in two weeks they would most likely drag their feet with the letter or refuse to cooperate entirely. Every case is different but we have to talk in generalities.

If company "A" was cooperative and you were our client we could try asking the Labor department a favor. But as it stands at this late date you will need to travel outside the country and obtain a new non-B, return and get a new work permit and new extension of stay with a re-entry permit.

[sunbelt][/sunbelt]

(UPDATE - the owner must move soon to another province so has reduce the price to 600,000 baht for a speedy sale)

This busy pizza delivery business is set in a prime location and has regular client base of over 2000 customers with online member nearing 200. The business was established in 2004 and is one of Bangkok's largest independent pizza delivery companies.

Annual receipts are around 1,3 million baht and the business shows a net profit of 500,000 baht for only 30 working hours weekly. The business has a huge potential expansion due to a very high quality product that has already developed a loyal customer base. With good onward leadership and proactive marketing strategies, the new owner could easily franchise the business and become a market leader.

Monthly rent is 7,000 baht with two months deposit in the sale price, a renewal option is available. Two full time employees draw 18,000 baht a month in wages. Assets are valued at around 500,000 baht and are included in the sale price and include trade secrets, recipes, supplier list, all kitchen equipment, Hi-end E commerce Website with SEO tweaked domain names. The price also includes one month of onsite knowledge transfer.

The owner is moving to another Province and will not be able to manage the business, so is selling to a motivate buyer.

Asking Price 600,000 baht

BKK14422

[sunbelt][/sunbelt]

This nouvelle French restaurant is located in a busy area of South Pattaya, walking distance from the beach and a short ride away from the famous Walking Street and has been in business for over ten years. The restaurant is conveniently located on a busy street and has a good reputation with both tourists and expat residents.

The cozy restaurant, decorated in a country French style, seats 32 people and serves French, Thai and European food. Open daily form 11 a.m to 11 p.m. the restaurant has four full time employees drawing a total monthly salary of 52,000 Baht.

The business has a monthly rental of 15,000 Baht with a 2 months security deposit. Although the current lease expires in 2013, it is renewed on an annual basis with the rent being paid for one year in advance. The restaurant enjoys an annual profit of 960,000 Baht and inventory, valued at 100,000 Baht is included in the sale.

The current owner is selling due to business interests in Bangkok that take up the majority of his time.

ASKING PRICE: 2.5 million Baht

BKK14421

[sunbelt][/sunbelt]

This beautifully decorated luxury spa and massage is located around the Sathorn Narathivas area and is close to the river with many restaurants and other attractions. The spa has ten private rooms, each with a lavatory and one VIP room for couples that has a jacuzzi and steam room. The tranquil spa offers 300 treatments from head to toe using such well known brands as Shiseido and Jurlique alongside traditional Thai massage and therapy.

The 160 sqm building is located in a very high end condominium with 800 units and carries a monthly rental of 20,000 Baht. There are 5 full time employees drawing monthly wages of 60,000 Baht. The business sees monthly sales of around 120,000 Baht.

The current owner is looking for a partner to purchase 80% of the business and take over the management of the spa.

ASKING PRICE: 1.8 million Baht for 80%

BKK14420

[sunbelt][/sunbelt]

This gorgeous brand new villa has great potential to be a spa, retreat or boutique hotel with one main two storey villa and two guesthouses as well as a separate sala for meditation or relaxing. This beautifully fitted out property has a grand total of 9 bedrooms and 11 bathrooms, a fully fitted western kitchen with high end appliances and two private salt water pools, one with a roof and one in the open.

The main house includes an oversized living room, a library, five bedrooms, five bathrooms, two half - bathrooms, an oversized kitchen with dining room, a wine and food cellar, a pond with a wet bar, a pool (thirty - three meters at its widest and deep enough for diving), a lanai with outdoor shower, and a sala for meditation. The 1st guest house includes three bedrooms, three baths, a kitchen, and a lanai while the 2nd guest house has two bedrooms, a bath, a kitchen, and a laundry. Total living space covers 1717 sqm.

The large 4800 sqm property is bounded by walls with a security gate and guards and located on a popular Cha-Am golf course. A freehold property with a full chanote title, the property can be purchased freehold by a Thai individual or by an active company looking to either start a business such as a health farm, spa, boutique hotel or as a corporate or private residence.

ASKING PRICE: 89 million Baht

BKK14418

[sunbelt][/sunbelt]

Up date 4.8 Million. to 3.8 Million for sale fast.This Hong Kong Chinese restaurant is located in between the Thong Lor and the Phrom Phong BTS stations and is in a busy shopping/tourist/dining area that draws many locals, expats and tourists. The restaurant is open daily from 10 am to 10 pm and has been in operation for 8 months.

This well decorated restaurant has 143 sqm with a monthly rent of 144,600 Baht per month on a 3 year lease. A new owner can re-open as a Chinese restaurant or other offering other cuisines as this is an assets sale that includes the location. Total value of assets invested in the 8 month old business are around 5.4 million and includes the lease deposit of 922,732 Baht.

A conflict among shareholder has necessitated the sale of the business.

ASKING PRICE: 3.8 million

BKK14417

[sunbelt][/sunbelt]

Close to the Saphan Taksin BTS station, this nicely decorated coffee shop is in a busy location. Total space is 79 sqm while rent is only 17,000 Baht a month for the cafe that seats 45. The lease is on a year by year basis. There are two full time employees earning total wages of 21,000 Baht a month. Sales last year were at 1.1 million Baht.

This franchise coffee shop was established two years ago and spent over 300,000 decorating and furnishing the business. The franchise is not included in the sale so the new owner will start fresh with their own name but in an established location.

The owner has no time to manage the business due to other business interests but a new owner could take over this turn key business and expand it as they wish.

ASKING PRICE 500,000 Baht

BKK14416

[sunbelt][/sunbelt]

This busy Rayong Internet cafe is on a busy soi 5 minutes from the beach and sees Thai’s as their main source of trade, so the business has seen very profitable returns for the 3 years of its trade. The shop is open 24/7 and has 33 legally licensed Windows computers managed by two diskless servers meaning the shop never has a full failure of service, therefore no loss in revenue.

The business has 1.2 million baht in annual revenue with an annual profit of over 500,000 Baht after all expenses are paid. Inventory includes built-in laminated furniture as well as high spec computers and 23” monitors,12mm Glass front, a CCTV system, 3 air conditioners,printer, accounting software, are included in the sale. All relevant games are also fully licensed. There are two full time employees with a total monthly payroll of 15,000 Baht. Rent is only 7,000 Baht per month with a security deposit of 15,000 Baht. The lease expires in May of 2013 but is renewable with the landlord and the building has ample room for expansion or can easily provide accommodations. The shop could easily be run by a girlfriend or partner.

The start up for this business including all electrical works and decoration plus equipment was over 1.3 million baht and all receipts are available and the owner feel the asking price is more than fair due to its low priced rent location and continual high returns. The owner has successfully started, run and sold two other internet shops in another province. The current owner has another business interest on which he wishes to focus his energies to grow but is ready and fully committed to providing on the job training on the systems to the future owner.

ASKING PRICE: 1.99 Million Baht

BKK14415

[sunbelt][/sunbelt]

This popular Samui bakery and cafe has been in business on the island for over 10 years and draws a loyal crowd of regular expat residents along with tourists for their popular baked goods, delicious sandwiches, cakes and more. Set in charming, nicely decorated restaurant near a popular beach, the 180 sqm restaurant can seat 50 people and is open 7 days a week.

There are 3 full time employees earning a total of 45,000 Baht a month, the rent is only 16,000 Baht a month for this cafe which is located within walking distance from one of the island's popular beaches.

A Thai company is included in the sale, the business sees total annual sales around 4 million Baht consistently and an annual net profit of 2.6 million Baht.

This is a chance to buy an established and popular cafe on one of Thailand's premier islands as the owner retires after more than a decade in business.

ASKING PRICE 8.5 million Baht

BKK14414

[sunbelt][/sunbelt]

A price drop is offering an amazing deal on a golden opportunity

Due to the proprietor's desire to retire and spend more time with his family, a wonderful opportunity to purchase an established boutique hotel in the heart of Bangkok’s Sukhumvit Road area has arisen. The owner invested in the business in 1994 and spent well over 45 million baht building the guest rooms, lobby, pool, lounges and restaurant.

This rather large property, approximately 1200 sqm, is quietly located just off a well established soi on Sukhumvit Rd and has a newly renovated 17 room boutique hotel, swimming pool, restaurant with full kitchen and separate bar/lounge, both located around the pool area. There is also another, slightly smaller, bar area located inside the hotel that can be used for special events or built out into an alternate themed bar/lounge. The entire complex is within walking distance of many highly desirable destination locations and a BTS station.

Monthly rent is 350,000 baht, which is excellent given the size and location, and a current total monthly operations cost of well under one million baht. A property of this size with this type of rent in this area of Sukhumvit is extremely rare. Bars in the area, with rent of 250,000 Baht for 80 sqm normally sell for about 5 million baht. With an experienced and creative minded owner and/or operator the potential for this all inclusive boutique hotel is remarkable.

The owner was forced to take over management of the hotel and has cut expenses in half, the rooms are fully booked for the upcoming high season so the business will be making money again very shortly, it simply needs TLC. However, the owner has no desire to manage the property himself and is looking for a quick sale so he can retire. He is offering a full sale at 10,000,000 baht or a 50% partnership to an active manager.

This is an amazing opportunity for someone to buy into a buy into a boutique hotel in the heart of Bangkok

(BKK14413)

[sunbelt][/sunbelt]

This long time publisher of Samui tourist magazines is now looking for a sale as they plan on returning to their home country. The magazine is published both in print on high quality glossy paper, as well as online and for e-books including iPads. This well-established magazine has a large number of big advertisers and is the second largestpublisher of tourist magazines on the island. With a monthly turnover of 1.2 million Baht, 6 full time employees with a payroll of 200,000 Baht a month, this home run business yields an annual profit of 4 million Baht.

The company qualifies for two work permits and is included in the sale. With an established sales force and marke, this would be a good opportunity for someone looking to enjoy the island lifestyle.

ASKING PRICE: 6 million Baht

BKK14412

[sunbelt][/sunbelt]

For a lease agreement to be valid, it would be based on mutual agreement between the 2 parties. That is the Land Owner/Lessor/Landlord and the Tenant/Lessee (how you would want to term them). No matter if your landlord is a Thai with an English speaking spouse, she is still considered as a Thai.

If your agreement was made only in English and there were a breach of the agreement, and the case ended up in court, the agreement would still have to be translated into Thai.

It is a good idea to have a bilingual agreement (Thai and English) to avoid any misunderstanding of the content then the claim that he/she did not understand the English or you don’t understand the Thai could not be made. Sunbelt Asia has extensive experience drafting such agreements so please feel free to send us a personal message if you need more information.

[sunbelt][/sunbelt]

Hi Ron

If you are selling items over the internet, ie operating a retail business online, then you really need to open a limited company. However, in our experience in dealing with the Labor Office, they have told us they do not have a problem if you run a simple internet business that does not involve sales of goods out of your home.

[sunbelt][/sunbelt]

Apologies for the delay in response, all government offices were closed over the holidays.

We do know where to have it done in Bangkok, if you are located here we can assist you in this matter. Our professional fees for this service would be 15,000 Baht plus VAT. Government fees would depend on several factors including number of products, product type and amount of registered capital, so we would need to sit down and find out exactly what you need before we can determine exact costs.

Please send me a personal message if you would like to make an appointment for a free consultation.

[sunbelt][/sunbelt]

Hi ronthai

Legally, if you are working in Thailand then you do need to set up a company and hire Thai employees. You don't say what nationality you are but if you are American you may want to consider setting up an Amity company which would allow you to hold the majority of shares and retain full control of your company, If you are not American then it is possible to structure the shares in such a way that allow you to still hold control but not have majority shares.

Depending on what structure you go for you will need 2-3 million baht in registered capital and four Thai employees. Once the employees have worked for you for one month you will be able to apply for a work permit. You will need to obtain a non-B visa, which you can do with your company paperwork once it is set up.

It is important to note that all paperwork must be submitted in Thai so it is highly recommended that you use a specialist such as Sunbelt Asia to ensure everything is totally correct and legal. If you are in Bangkok please send me a personal message and we can set up an appointment for a free consultation.

[sunbelt][/sunbelt]

This large South Pattaya Italian restaurant has been in business for one year but has seen an estimated profit of around 4 million Baht, an overseas move forces the owner to sell.

This Italian brasserie offers a nouvelle approach to cuisine for its customers which sees both Thai and European. The restaurant seats 45 people and is open for dinners from 4 pm daily. 5 full time employees and 1 part time employee draw a monthly salary totaling approximately 60,000 Baht. The base monthly rental is 90,000 Baht from January 2013 and has a 3 + 3 year lease. The security deposit is not included in the sale. Furniture, fixtures and fittings valued at around 1.85 million Baht are included in the price.

ASKING PRICE: 4.5 million Baht

BKK14411

[sunbelt][/sunbelt]

This Bangkok based real esate agency has a large network and long-term associations in Thailand and abroad which is able to generate a great amount of leads for brokers. Although it was only established a few months ago it has reached 600,000 baht in sales in those few months.

The company sells and rents in Bangkok, Hua Hin, Phuket and Koh Samui and has developed good relationship with the with the vendors there.

Included in the sale is a fully developed website with excellent Google rankings that generates an increasing number of leads every month. The owner will offer guidance for three months to the new owner and vendor financing.

The Company has very low overheads as it can be done out of a home office and currently has no employees.

The owner must sell as he must return to his home country and so is asking a very attractive price.

ASKING PRICE 500,000 BAHT

BKK14410

[sunbelt][/sunbelt]

UPDATE: new asking price 4.9 M. from 5.9 M for fast sale.

This is an asset sale and takeover of the lease of a Hong Kong Chinese Restaurant in a good location at a trendy and popular mall on upcoming Ratchadapisek Road. Assets and equipment are in good condition and there are good lease terms for the space which is 171.30 sqm. The seller received a special rate from the landlord which is much lower than comparable locations and the beneficial lease agreement will allow the buyer to see a savings of around 750,000 THB

The owners would like to sell because conflicts among shareholders.

Asking Price 4,900,000 THB

BKK14409

[sunbelt][/sunbelt]

This 5 year old theme restaurant has built up a large following of expats and tourists as well as local residents with its popular drinks specials, good food and fun atmosphere. Set in a prime Sukhumvit location, this restaurant is part of a popular Thailand chain and has great name recognition.

The 336 sqm premises is beautifully decorated in theme, seats 135 people over two floors and has a monthly rent of 210,000 Baht with a 3+3 year lease. There are 26 full time employees with a monthly payroll of 328,000 Baht. Monthly sales have averaged around 2 million Baht for the past 6 months while annual receipts run over 18 million and profit is over 4 million baht a year. Inventory valued at over 200,000 Baht and all fixtures and fittings valued at 5.1 million Baht are included in the sale price.

The owner is looking to sell as he is divesting himself of smaller assets such as this in his portfolio and concentrating on much larger projects with his management team. The profits are nice but he is looking for the whale.

ASKING PRICE: 12 million Baht

BKK14408

[sunbelt][/sunbelt]

UPDATE: The owner of this beauty salon is now involved in an overseas business venture and will spend less and less time in the country, he has therefore priced the business for a fire sale at 900,000 baht only.

This beauty salon is conveniently located right in the heart of the Silom business district area and neighboring residential condo towers ensure the salon a constant stream of customers. The salon has been open for more than 30 years so has a strong reputation in the neighborhood. The premises measure 70 sq.m over two floors with a 20,000 baht monthly rental, quite low for this neighborhood and it is secured on a three year lease. Monthly electric and water bills run around 5-6,000 baht.

New owners will have to sign-up a new lease with the land owner but it will be on the same terms and conditions and will require a 3 month lease deposit. The Landlady lives on the floors above and has always been very kind and helpful to the owners on all matters. State of the art equipment and leasehold improvements have been made to bring this location up to the highest standards for the new owners.

Monthly sales average 114,000 baht from which a monthly net profit of 79,000 baht is secured. Two full time staff are now working in the shop, one maid being with a 6,000 Baht a month salary, and a stylist paid commissions on the customers she handles. Both are willing to stay here full time after the sale. The business is registered as a sole proprietorship so that a foreigner would need to register a Thai limited company to take-over or a Thai national can simply sign-up and run the business with a similar license.

Recently taken-over by a couple in early 2012, one of the partners now has to move back to her hometown which forces them to put the business back on the market.

New Asking price – 900,000 Baht

BKK14407

[sunbelt][/sunbelt]

This 15 years old company is well known with a strong reputation on the market for providing high quality services in consulting, design, supply and installation of multimedia system of commercial and residential projects.

The company has a very good relationships with top interior designers and brands in the audio, visual, lighting, automation, acoustics and security industries. while most of the clients are in hospitality, commercial & government they are also deeply embedded in the leisure and residential sectors. with very little competition in Thailand, this company provides a unique service that is in demand.

Annual receipts are around 64 million baht with a net profit around 13,5 million baht. There are 17 full time employees drawing 700,000 baht a month salry. The business has no rent as it currently located in their own building. Assets are valued at around 27 million baht.

The owner is offering two options:

a) Purchase the company without property for 10 million baht plus monthly rent of 120,000 baht for month contract lease 7 years

b ) take off the company with property 30,000,000 baht

Detailed information will be disclosed to a serious buyer.

ASKING PRICE 10 million baht without property

30 million baht with property

(BKK14406)

[sunbelt][/sunbelt]

Software Company

This software company provides inventory control for restaurants, bars, nightclubs and pubs. An already established client list provides annual receipts of 960,000 Baht with a highly profitable 720,000 net profit. Established 8 years ago, this company currently has one full time employee with a monthly payroll of 20,000 Baht.

This business has a lot of potential growth for the ambitious and enthusiastic buyer as the tried and tested software can be easily adapted to many customers who need inventory control. The business can be easily relocated to anywhere in Bangkok as long as it has an internet connection.

All software and equipment are included in the purchase price as is the already established client list.

The owner is leaving the country and so necessitates a sale.

ASKING PRICE: 700,000 Baht

BKK14405

[sunbelt][/sunbelt]

This popular Irish pub has been open for 3 years is located in a busy Sukhumvit neighborhood within walking distance from a BTS station. This well-appointed pub serves western pub grub and Thai food and is a relaxing neighborhood bar for many of the expats and tourists in the area.

The business has 625 sqm over 6 floors and a rarity in Bangkok, parking space for customers. The monthly rent is 200,000 Baht and expires in 2024 with a 3+3 year lease option. A clear understanding with the landlord on the transfer of the lease is necessary for any buyer.

The pub has 25 full time employees with a monthly payroll of 300,000 Baht. The company has all required licenses and sees annual sales total 27.2 million Baht with last year's profit at 3 million Baht and with this year projected to see a profit of 4.5 million Baht

ASKING PRICE: 33 million Baht

BKK14404

[sunbelt][/sunbelt]