Matt z Posted January 9, 2022 Share Posted January 9, 2022 Hi my name is Matt I’m from USA. I would like to start a business in Thailand. I’m leaning towards leasing a hotel but now I’m thinking there are other types of businesses there also. Any ideas? Also I’m in the transportation business in USA. I own a tractor trailer. I’m thinking maybe I can do it in Thailand 1 1 Link to comment Share on other sites More sharing options...
bojo Posted January 9, 2022 Share Posted January 9, 2022 As far as I'm aware, one of the prohibited jobs/business for a foreigner in the Kingdom is anything to do with transportation, logistic and transport related............................ 2 Link to comment Share on other sites More sharing options...
tonray Posted January 9, 2022 Share Posted January 9, 2022 25 minutes ago, Matt z said: I own a tractor trailer. I’m thinking maybe I can do it in Thailand Will you be driving it over ? 2 Link to comment Share on other sites More sharing options...
Matt z Posted January 9, 2022 Author Share Posted January 9, 2022 1 hour ago, tonray said: Will you be driving it over ? No I don’t think that’s possible 1 1 Link to comment Share on other sites More sharing options...
Matt z Posted January 9, 2022 Author Share Posted January 9, 2022 2 hours ago, bojo said: As far as I'm aware, one of the prohibited jobs/business for a foreigner in the Kingdom is anything to do with transportation, logistic and transport related............................ Link to comment Share on other sites More sharing options...
Matt z Posted January 9, 2022 Author Share Posted January 9, 2022 Just now, Matt z said: Thanks for your reply. I’ll contact a lawyer about it 1 Link to comment Share on other sites More sharing options...
Doctor Tom Posted January 9, 2022 Share Posted January 9, 2022 (edited) Don't !! If you do, only invest what you can afford to, lose and you may well do that. There are more 'business' scams in Thailand than you can shake a stick at and unless you are experienced here, have money to spare ( and lose), know the business you are in, or want to be in, have a trustworthy Thai business partner, a good lawyer, and know the business as it pertains to Asia, you are best out of it Edited January 9, 2022 by Doctor Tom Link to comment Share on other sites More sharing options...
Popular Post Sunmaster Posted January 11, 2022 Popular Post Share Posted January 11, 2022 I started my business 10 years ago, with basically zero investment. I was lucky to find a good niche, doing something I am passionate about and was able to quit my day job after 3 years. For company registration and book keeping I use an agency (recommend DLW accounting). You will hear a lot of naysayers telling you it's impossible to do and that you will lose all your money. It could happen of course, but don't let that stop you from trying. Good luck 5 1 1 Link to comment Share on other sites More sharing options...
dimitriepreserve Posted October 18, 2022 Share Posted October 18, 2022 I've been living in Thailand for half a year, but I'm still working for a company in the US. I arranged with my boss to let me work remotely throughout the year so that I could travel with my family. Link to comment Share on other sites More sharing options...
bassep Posted October 18, 2022 Share Posted October 18, 2022 I know that being a driver is not allowed for foreigners. But you could OWNE the business and have hired drivers i think. Link to comment Share on other sites More sharing options...
dimitriepreserve Posted October 19, 2022 Share Posted October 19, 2022 On 10/18/2022 at 6:17 AM, dimitriepreserve said: I've been living in Thailand for half a year, but I'm still working for a company in the US. I arranged with my boss to let me work remotely throughout the year so that I could travel with my family. I needed to get a suitable saving account not to have to pay extra taxes. You can check reviews of the best bank accounts for business. These six months passed unnoticed, and my family and I liked it in Thailand. My wife and I can live in Thailand for six months on our monthly income. Paradise, isn’t it? Link to comment Share on other sites More sharing options...
TravelerEastWest Posted October 29, 2022 Share Posted October 29, 2022 On 1/11/2022 at 8:20 AM, Sunmaster said: I started my business 10 years ago, with basically zero investment. I was lucky to find a good niche, doing something I am passionate about and was able to quit my day job after 3 years. For company registration and book keeping I use an agency (recommend DLW accounting). You will hear a lot of naysayers telling you it's impossible to do and that you will lose all your money. It could happen of course, but don't let that stop you from trying. Good luck Exactly. Starting a business in Thailand has some special challenges, learning new tax laws and the language etc but this is normal in international business. If you have experience and capital etc why not start a business here. I had to learn import and export rules in addition to taxation etc when I started a business here almost 20 years ago. But we have weathered floods, COVID problems lack of qualified staff (biggest personal challenge by far). And theft (not a bigger issue than elsewhere for us - and we have done well in court recovering stolen money). I do have a big advantage a Thai wife that is my partner and learns quickly ... 1 Link to comment Share on other sites More sharing options...
ThaiLawOnline Posted March 29, 2023 Share Posted March 29, 2023 We setup hundreds of companies in .Thailand since 2006. It is not difficult. You can always find a title like managin director for foreign marketing or another and the labour department will accept. There are rules for capital required, number of Thai employees, unless you qualify for a smart visa, which I do not think you do. It is more for digital nomads. You can send me an email and I will answer in private. Thanks, Sebastien. Link to comment Share on other sites More sharing options...
h90 Posted April 7, 2023 Share Posted April 7, 2023 On 1/11/2022 at 8:20 AM, Sunmaster said: I started my business 10 years ago, with basically zero investment. I was lucky to find a good niche, doing something I am passionate about and was able to quit my day job after 3 years. For company registration and book keeping I use an agency (recommend DLW accounting). You will hear a lot of naysayers telling you it's impossible to do and that you will lose all your money. It could happen of course, but don't let that stop you from trying. Good luck On 10/29/2022 at 8:30 PM, TravelerEastWest said: Exactly. Starting a business in Thailand has some special challenges, learning new tax laws and the language etc but this is normal in international business. If you have experience and capital etc why not start a business here. I had to learn import and export rules in addition to taxation etc when I started a business here almost 20 years ago. But we have weathered floods, COVID problems lack of qualified staff (biggest personal challenge by far). And theft (not a bigger issue than elsewhere for us - and we have done well in court recovering stolen money). I do have a big advantage a Thai wife that is my partner and learns quickly ... nice to read from similar minded people. I started with almost nothing 20 years ago. And now we are a stable company. My biggest advantage is my Thai wife. She had own companies already before we met, so she know how to run things in Thailand and I had the technical knowledge. It needed years to find good and reliable staff. And have trust so they can say "I don't know". Or "I made that wrong how do we fix it" instead of hiding that. What are you guys doing? We produce and sell hydraulic and pneumatic seals. Link to comment Share on other sites More sharing options...
xylophone Posted April 7, 2023 Share Posted April 7, 2023 1 hour ago, h90 said: I started with almost nothing 20 years ago Me to.........I started with nothing 20 years ago and I've still got most of it!!!!!!???? Link to comment Share on other sites More sharing options...
h90 Posted April 7, 2023 Share Posted April 7, 2023 52 minutes ago, xylophone said: Me to.........I started with nothing 20 years ago and I've still got most of it!!!!!!???? I honestly don't know what I have. My wife is always joking that she has the oldest car from everyone in the company, but she would never spend that money she was working for hard 20 years for something like a car. We have no debts.....all her friends are on the limit of what they can get from the bank all the time....60+ nice house, nice car but when you look it is all at the bank.... Link to comment Share on other sites More sharing options...
xylophone Posted April 7, 2023 Share Posted April 7, 2023 50 minutes ago, h90 said: I honestly don't know what I have. My wife is always joking that she has the oldest car from everyone in the company, but she would never spend that money she was working for hard 20 years for something like a car. We have no debts.....all her friends are on the limit of what they can get from the bank all the time....60+ nice house, nice car but when you look it is all at the bank.... You have done well h90, and like you, I have no debts and a good sum in the bank in NZ, and other investments as well, but starting a business here has never appealed to me. When I retired at age 53 I wanted to RETIRE and as I am 76 have no wish to work again. Best of luck to you. Link to comment Share on other sites More sharing options...
h90 Posted April 10, 2023 Share Posted April 10, 2023 On 4/7/2023 at 4:23 PM, xylophone said: You have done well h90, and like you, I have no debts and a good sum in the bank in NZ, and other investments as well, but starting a business here has never appealed to me. When I retired at age 53 I wanted to RETIRE and as I am 76 have no wish to work again. Best of luck to you. I think if I would retire, I would go scuba diving, than buy a compressor and tanks myself (did that already) and as it is there already, I would offer to fill tanks and than speak with some boat owner-->2 year later I would sit again in an office and being busy with a company. Can't stop.... Bought for fun a 3D printer, now I am already processing orders. I can't sit silent....Always starting something new. But there is no difference for me between hobby and work. I almost never worked in a company or had a boss, so I never experienced how it is to get ordered to do something. 1 Link to comment Share on other sites More sharing options...
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