smack13 Posted June 12, 2007 Share Posted June 12, 2007 Hi, I have an opportunity to be the Thailand distributor for a US based companies products. I wan't to know what would be the easiest way to set up this business to start operating asap as I already have buyers and the company can supply the product anytime I am ready. Thai owner and me as a partner? Me as the sole owner? Is that possible? What are the costs involved? How much money would I have to have in the bank? Basically any info to point me in the right direction for setting up a small business. Thanks in advance Link to comment Share on other sites More sharing options...
blizzard Posted June 12, 2007 Share Posted June 12, 2007 (edited) ohhhhhhhhhh my! AMWAY? Edited June 12, 2007 by blizzard Link to comment Share on other sites More sharing options...
Maestro Posted June 12, 2007 Share Posted June 12, 2007 ...any info to point me in the right direction for setting up a small business. I believe your nationality, whether US American or not, can make a difference. Care to divulge this information? -- Maestro Link to comment Share on other sites More sharing options...
nonthaburial Posted June 13, 2007 Share Posted June 13, 2007 I am currently in the same situation, however, after being in Asia 30 years I have learnt NEVER to take short cuts on ventures such as this. I have had talks with Sunbelt and spent a number of hours with them yesterday tying up loose ends. believe me in this case, money spent is very much worth it. Thailand is teeming with dodgy lawyers etc who are quite happy to take your money and sometimes get you a company operating, but dont look at today, look months or years down the line and be confident that they have done it 100% legally. Trouble is you wont know until the first hurdle presents itself !! With Sunbelt I am happy with their advice and their expertise and feel very comfortable with them putting my affairs together Link to comment Share on other sites More sharing options...
PRGUY Posted June 13, 2007 Share Posted June 13, 2007 Gee....and this days they are resorting to "made up" client endorsements.....lol! Good viral marketing strategy! Link to comment Share on other sites More sharing options...
PRGUY Posted June 13, 2007 Share Posted June 13, 2007 Having said.....why do people always ask for free advice from the non-specialists and then get into a situation where things have gone messy and at that point, having lost all their monies, start looking for professional help but can afford them. Spent a bit of money on the professionals. Yeap, needing legal and professional advice or issues regarding real estate issues and or businesses for sale, use Sunbelt....they are good. But when needing PR, Marketing, Marketing Research, Promotional Strategies, Rebranding or due dilliigence just prior to closing a deal, call or PM me! Cheers Link to comment Share on other sites More sharing options...
smack13 Posted June 13, 2007 Author Share Posted June 13, 2007 First of all I am a UK citizen currently working in Thailand and running a business in the Oil & Gas industry (yes my work permit may be a problem!) I am under no illusion of how Thai business works and already have trusted companies who will help me with the legal side of things. I am only here to find out info and previous experiences and to gather as much info as possible before I decide what I will do. I am not so stupid as to think Thai Visa is the place to come for proffesional advice on setting up a company , maybe if I was to work for Amway this would be the place I would come for advice! But there are people here who do give good advice so I will keep TV in my favourites list when I want opinions about anything in Thailand!! Thanks all for your good, bad and snidey comments!! Keep them coming! Link to comment Share on other sites More sharing options...
blizzard Posted June 13, 2007 Share Posted June 13, 2007 (edited) no offense but you just like other guy, you ask for advice yet dont give any details of wht you trying to get into. why dont you ask for the moon! im sure someone here would sell it to you. Edited June 13, 2007 by blizzard Link to comment Share on other sites More sharing options...
smack13 Posted June 13, 2007 Author Share Posted June 13, 2007 no offense but you just like other guy, you ask for advice yet dont give any details of wht you trying to get into.why dont you ask for the moon! im sure someone here would sell it to you. No offense, but what does it matter what the products of the business are? Buying from one company and selling in Thailand where I already have market is the business nothing nerw there (I am buying and selling these things for my current employer but this is not their core business so I know I can expand this particular area) My questions are to find out experiences from people who have gone through the process of starting a business and are doing business in Thailand. If you have any constructive advice please share, I am eager to find out your success stories. Link to comment Share on other sites More sharing options...
blizzard Posted June 13, 2007 Share Posted June 13, 2007 you actually in the business and need our help. you got to be kidding me.................lol. you must have contacts, as you can see we pretty much dont give any info to guys who dont give us info....... Link to comment Share on other sites More sharing options...
jdinasia Posted June 13, 2007 Share Posted June 13, 2007 you actually in the business and need our help. you got to be kidding me.................lol. you must have contacts, as you can see we pretty much dont give any info to guys who dont give us info....... You would first need to possess some info on the topic ... so our OP is safe for the moment Link to comment Share on other sites More sharing options...
blizzard Posted June 13, 2007 Share Posted June 13, 2007 (edited) what topic? bras and panties, need no refrigeration. perishables, need refrigeration. costs ass. with all products not same same. maybe he want info on the protection money kind of thing, who knows. i think i misread his post. go to sunbelt whoever they are. they get lots of recommendation here . why no one suggest the obvious. Edited June 13, 2007 by blizzard Link to comment Share on other sites More sharing options...
sheppy47 Posted June 16, 2007 Share Posted June 16, 2007 You should not take any real notice of Blizzard seems all he does is flame everyone who posts a thread obviously too much time on his hands. Why should you reveal to anyone what you are doing people here will steal any idea you may have. You should let people post mark you and then you dont leave yourself open to explaining yourself to people who will never get it. Good Luck Mate Link to comment Share on other sites More sharing options...
Cyberstar Posted June 16, 2007 Share Posted June 16, 2007 HiI have an opportunity to be the Thailand distributor for a US based companies products. I wan't to know what would be the easiest way to set up this business to start operating asap as I already have buyers and the company can supply the product anytime I am ready. Thai owner and me as a partner? Me as the sole owner? Is that possible? What are the costs involved? How much money would I have to have in the bank? Basically any info to point me in the right direction for setting up a small business. Thanks in advance Since you're from UK (and thus don't qualify for special privileges) the standard procedure is to set up a Thai co.ltd company, which requires 7 founding, shareholding promoters. To make the company qualified to sponsor one foreign workpermit, you'll need 2 M baht as registered capital where 51% must come from genuine Thai investors (we're talking about the legal way, here - not how it's often done). Costs? Sunbelt will charge you somewhere between 30 - 50 K baht depending on how much, you want them to do - (the lower end would include a perfectly set up and registered company - the higher end would include such things as visa and workpermit paperworks. Link to comment Share on other sites More sharing options...
blizzard Posted June 17, 2007 Share Posted June 17, 2007 actually if i post im working playing online poker. make way more than the avg. thai, and more if i could get on the cryptologic poker sites. get some basic poker knowledge and play break even poker and you too can live in los wo running a buznit. why all the worry about stealing his idea, he didnt invent anything. he just want to be a middleman. i dont flame just point out to many how silly their good idea is.........lol. Link to comment Share on other sites More sharing options...
Prakanong Posted June 17, 2007 Share Posted June 17, 2007 " actually if i post im working playing online poker. make way more than the avg. thai" Earn way more than the average Thai - WOWEEE Link to comment Share on other sites More sharing options...
blizzard Posted June 17, 2007 Share Posted June 17, 2007 this might sound better. i perhaps( dont know what they make) make more than the avg engleesh teecher......lol. Link to comment Share on other sites More sharing options...
Prakanong Posted June 17, 2007 Share Posted June 17, 2007 this might sound better. i perhaps( dont know what they make) make more than the avg engleesh teecher......lol. LOL - so the average English Teacher makes twice the average Thai - approx - although I do hope my Thai colleagues are outstripping most English Teachers except for those with teaching qual's at International schools Link to comment Share on other sites More sharing options...
Jimjim Posted June 17, 2007 Share Posted June 17, 2007 LOL - so the average English Teacher makes twice the average Thai - approx - Try 4 or 5 times and you'll be closer the real truth. Average Thai makes what, 8000 baht/month? Average Farang English teachers make probably from 30,000--40,000 baht/month. Link to comment Share on other sites More sharing options...
Prakanong Posted June 17, 2007 Share Posted June 17, 2007 LOL - so the average English Teacher makes twice the average Thai - approx - Try 4 or 5 times and you'll be closer the real truth. Average Thai makes what, 8000 baht/month? Average Farang English teachers make probably from 30,000--40,000 baht/month. I was being slightly facetious - Depends what average - median or mean - but more on location ;-) Starting salary for the Thai staff with little or no experience I deal with most is 40K + - oversea's education to have standard of English required so they can demand a premium. They do get good rises per annum as with only a few months experience they are being headhunted. All girls as well as not many guys do this role except in Aussie for some peculiar reason as far as I can see. I can accept this is not the norm though but given our requirements and a lot of others moving into the Thai market creating demand its the way it is - its not a sign of a booming economy though rather that Thailand is very cheap to do what we do. Link to comment Share on other sites More sharing options...
wcr Posted June 18, 2007 Share Posted June 18, 2007 Interesting comment. "Perfectly set up and registered company" So you mean all the shareholders are genuine and have genuinely put there own traceable finances into the company? Link to comment Share on other sites More sharing options...
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