Leasing A Bar Or Restaurant

[DWALDO]

Hi,

Can I take over a lease on a bar and run it as mine in other words can I own a lease for the remaining 10 years on this bar without having to have anyone else involved like a local.

Dave

[oooooo]

the lease can be owned by you. but then u will need to incorporate a company to run your operation. that's where u will have to bring in some locals.

[Sunbelt Asia]

Hi,

Can I take over a lease on a bar and run it as mine in other words can I own a lease for the remaining 10 years on this bar without having to have anyone else involved like a local.

Dave

The lease can be in your name. If you are American, you can operate the business, as a sole proprietorship.

www.sunbeltasiagroup.com

[DWALDO]

Hi,

Can I take over a lease on a bar and run it as mine in other words can I own a lease for the remaining 10 years on this bar without having to have anyone else involved like a local.

Dave

The lease can be in your name. If you are American, you can operate the business, as a sole proprietorship.

www.sunbeltasiagroup.com

[DWALDO]

Bit of a cock up there,I replied without actually writing anything. I'm British not American so do I need to put it in someone elses name?

Dave

[Cyberstar]

Bit of a cock up there,I replied without actually writing anything. I'm British not American so do I need to put it in someone elses name?

Dave

Yes you do. US citizens are the only kind of foreigners that can own a business in Thailand in their own name. At best "someone else" can be a limited partnership or a limited company in which you own 49%.

[oooooo]

Bit of a cock up there,I replied without actually writing anything. I'm British not American so do I need to put it in someone elses name?

Dave

the lease can be entirely owned by u. however, if ur British u will need Thai partners to incorporate.

4 thais and 3 farangs. pls note that the farang ownership may not exceed 3 partners

hope this helps

[Sunbelt Asia]

Bit of a cock up there,I replied without actually writing anything. I'm British not American so do I need to put it in someone elses name?

Dave

the lease can be entirely owned by u. however, if ur British u will need Thai partners to incorporate.

4 thais and 3 farangs. pls note that the farang ownership may not exceed 3 partners

hope this helps

You only need one Thai or American shareholder not four.

You can also apply for a Alien Business License and have no Thai or American shareholders.

www.sunbeltasiagroup.com

[DWALDO]

The thing is I would like to get a long lease on a restaurant I've seen one for 30 years and although I'm not in a possition to buy a lease like that at the moment in a year or so I would be. By then I will be married to my Thai girlfriend and although I love her madly there is no way in the world I am going to put it in her name, I woudn't do that if I was married to someone from my own country even if I'd been married 20 years. Is there any chance in the future that Europeans will be treated like Americans and be allowed to own a lease. I am aware that is like asking how long is piece of string but setting up a business seems like a lot of trouble plus I don't want my future wife to think that I don't trust her but when it comes to business I woudn't trust my mother. Dave

[Sunbelt Asia]

The thing is I would like to get a long lease on a restaurant I've seen one for 30 years and although I'm not in a possition to buy a lease like that at the moment in a year or so I would be. By then I will be married to my Thai girlfriend and although I love her madly there is no way in the world I am going to put it in her name, I woudn't do that if I was married to someone from my own country even if I'd been married 20 years. Is there any chance in the future that Europeans will be treated like Americans and be allowed to own a lease. I am aware that is like asking how long is piece of string but setting up a business seems like a lot of trouble plus I don't want my future wife to think that I don't trust her but when it comes to business I woudn't trust my mother. Dave

You can operate the business now; just apply for a Alien Business License. As for the lease, no restriction, any nationality can own it with no license required.

www.sunbeltasiagroup.com