Just now, geriatrickid said:

Such nonsense. Apparently, they were not present at the last multinational investors meeting when issues such as corruption,  bureaucracy, inadequacy of infrastructure etc. were raised.

Correct. The World Bank has just lost all credibility with these blindly ignorant stupid rankings.

28 minutes ago, wolfmanjack said:

Unless things have changed recently if you form a Thai company the restricted businesses do not apply since the company is considered a Thai juristic person. 

Even under the treaty FBA rules still apply.

Each 'business'the company wants to do requires 3,000,000 on top of the minimum 2,000,000 to start.

It's intended for large companies to start a branch in Thailand not Joe Bubba from Texas who wants to open a bar in walking street.

For years I've been hearing from USA expats that they are going to open a business under this system and they are still talking about it years later.

Poppycock, <deleted>!

1 hour ago, KIWIBATCH said:

Yep perfect place to start a business....first off..hand over 49% of it to a Thai person who you have never met and never will....get ripped badly by so called Thai Lawyers in the initial setup costs....then  forced to employ a proportion of Thai staff...who sit on their <deleted> playing on their phones....or simply dont turn up for work 2 or 3 days out of 7........then just when you have the "perfect" business setup along comes the coppers every month with their greedy hands out...

 

Fake news...or utter bullshit....both...!!

May I respectfully say that the Thai has to own 51%?

TVF owes me a new mobile. Coffee all over the old one.

start a business in thailand as a foreigner and watch your investments melt like ice in boiling water.  lol.

If you look at the list No.2 is China, No.3 is Malaysia, No.4 is India, and No.5 is Indonesia.

This can't be serious.

2 hours ago, KIWIBATCH said:

Yep perfect place to start a business....first off..hand over 49% of it to a Thai person who you have never met and never will....get ripped badly by so called Thai Lawyers in the initial setup costs....then  forced to employ a proportion of Thai staff...who sit on their <deleted> playing on their phones....or simply dont turn up for work 2 or 3 days out of 7........then just when you have the "perfect" business setup along comes the coppers every month with their greedy hands out...

 

Fake news...or utter bullshit....both...!!

I thought you got to keep the 49% and handed over 51%.  

8 minutes ago, SymS said:

If you look at the list No.2 is China, No.3 is Malaysia, No.4 is India, and No.5 is Indonesia.

This can't be serious.

Could have been written by Mr McEnroe.  ??

Edited January 27, 20188 yr by overherebc

2 hours ago, rheinwiese said:

Almost spilled my coffee. April fools Day comes early this year...

No,it is true for Thais,sure.My Thai wife can open any small business without almost any cost and

 hassle.

4 minutes ago, SymS said:

If you look at the list No.2 is China, No.3 is Malaysia, No.4 is India, and No.5 is Indonesia.

This can't be serious.

Indonesia and India must be some of the most difficult countries in the world to start a new business in.

Plenty of opportunity for new business... rent a car, then sell it. rent another, then sell it. sell your neighbours house, and borrow your friend's car and sell that too! Nothing seems to be traced or registered, or maybe it is and the government can't track it for years because everything is documented on those early 80's typewriters and then filed by 4 people....

There is no law in Thailand, Red Bull Heir kills a Policeman with his Ferrari never apprehended, 2 British tourists murdered on the beach in Koh Tao , police do not secure the crime scene for 24 hours, no Thais responsible,  google it . You could say law = thb the only chance a farang has.

 

how 'ignant'.

It’s not April 1st yet, who’s supplying the lies.

Next, we’ll have coffee shops voted as the best & most successful Thai business investment.

1 hour ago, Aroyaroy said:

Did I miss something?

 

In 2017 and 2018 PDF reports Thailand ranks 27 and 30 respectively. No #1 positions for sub-categories either.

 

Can someone help me? I want to see #1 ranking. Thank you.

Do some research, a simple google of, "US News and World report, best country to start a business" or if that is too difficult, try https://www.usnews.com/news/best-countries/best-start-a-business

 

They say Asia seems to be the best place and they say: Thailand, China, Malaysia, India and Indonesia, in that order, are best.

 

"The Best Countries rankings, formed in partnership with global marketing communications company Y&R's brand strategy firm, BAV Group, and the Wharton School of the University of Pennsylvania, are based on a survey that asked more than 21,000 people from four regions to associate 80 countries with specific characteristics."  https://www.usnews.com/news/best-countries/open-for-business-rankings

 

I'll let you do the rest to find out what those characteristics were. I doubt they are depending on two-bit tourist businesses.

Yeah, if it's a brothel or a casino!

And what industry would that be,- luxury watch repair?

11 minutes ago, Orton Rd said:

Yeah, if it's a brothel or a casino!

Casino's will be legal in Thailand very soon, maybe a couple of months  Wait and see 

I don't know who came to this conclusion. But the person needs to see a doctor...

Edited January 27, 20188 yr by khunpa

14 minutes ago, Golden Triangle said:

Casino's will be legal in Thailand very soon, maybe a couple of months  Wait and see 

 

Actually, I would rather bet all my savings on some casino game, than invest in a business in Thailand. At least at the casino, you do not have to give away 49% of your investment before starting.

Edited January 27, 20188 yr by khunpa

3 hours ago, KIWIBATCH said:

Yep perfect place to start a business....first off..hand over 49% of it to a Thai person who you have never met and never will....get ripped badly by so called Thai Lawyers in the initial setup costs....then  forced to employ a proportion of Thai staff...who sit on their <deleted> playing on their phones....or simply dont turn up for work 2 or 3 days out of 7........then just when you have the "perfect" business setup along comes the coppers every month with their greedy hands out...

 

Fake news...or utter bullshit....both...!!

I agree kiwi Wife employs staff Most of the time they sit on  there  backsides playing with phone Have one girl out of 31 days she has worked 15 Even my Thai wife said its a nightmare owning a business in Thailand So i will say like you Fake  news  and utter bullshit

3 hours ago, NCC1701A said:

if you are Thai. yes.

 

not Thai, not so much.

 

agree

Is there no other better joke?

3 hours ago, Misterwhisper said:

 

I assume that report only considers investors from the U.S., who are protected by an antiquated "friendship law" dating back to the Vietnam war and which allows U.S. citizens to actually own 100% of their business. 

 

As for the rest of us: Yes, it's perhaps easy to start a business with a sackful of money to invest - and lose once your 51% Thai partner smells the profits and saws you off like a dead tree branch; or because your greasy Thai lawyer failed to inform you that as a non-U.S. foreigner you were actually not legally permitted to engage in that sort of business in the first place.

 

I assume that report only considers investors from the U.S. 

I'd like to hear more about this 'friendship law' - I think you maybe talking about the tax agreement; but don't think it applies to business ownership.  (Being an American) there maybe hope.  Also have learned (twice) how to make a small fortune in Thailand.......start with a large one.  If you have anymore information on this law - it would be great.  IM me.

Absolutely not true.  They used to be a reliable publication.  Funny how the numbers don't add up at all

5 minutes ago, smokinfun said:

I'd like to hear more about this 'friendship law' - I think you maybe talking about the tax agreement; but don't think it applies to business ownership.  (Being an American) there maybe hope.  Also have learned (twice) how to make a small fortune in Thailand.......start with a large one.  If you have anymore information on this law - it would be great.  IM me.

If you own a large corporation in the US and you want to open a branch in Thailand then go for it.

3 hours ago, KIWIBATCH said:

Yep perfect place to start a business....first off..hand over 49% of it to a Thai person who you have never met and never will....get ripped badly by so called Thai Lawyers in the initial setup costs....then  forced to employ a proportion of Thai staff...who sit on their <deleted> playing on their phones....or simply dont turn up for work 2 or 3 days out of 7........then just when you have the "perfect" business setup along comes the coppers every month with their greedy hands out...

 

Fake news...or utter bullshit....both...!!

Your post was the latter.  Oh sorry, you weren't asking a question...answer's still the same though.