Business

[Kensun]

My Thai girlfriend will soon finish her course at Niranrat ( a beauty school) and we are considering opening a new business ( I am from Denmark) How much THB is needed in assets to set up a business like this if I am to recieve a visa for staying in thailand for a longer period?

[tb86]

whatever your cap ex plus your op ex is, and multiply your monthly op ex is by 24 so you have enough cash reserves to stay fluid... good luck best to really know your partner, i mean reeeealy know your partner before you start a buisness, nothing changes a relationship like a buisness good luck

[tb86]

sorry plus all the legal fees and govt fees to become incorporated . Plus whatever the current min company assets are for the time being and staff size to support a farangs visa and wp a few million baht or so in the company is required

[PoorSucker]

Not married to Thai = 2 million baht.

Married to Thai = 1 million baht.

This assets on the balance sheet.

Can also include goodwill, trademark value, intellectual property etc.

A good lawyer can set it up for you for about 50.000 baht.

[thaiphoon]

To own a business in Thailand you will need to set up Thai company which needs to be capitalised at minimum of THB 2million (THB 1million if married). 25% of that amount needs to be paid up, ie, paid into company's bank account to run the business. The balance can show in company accounts as money due from the shareholders. Farangs can only own a maximum of 49% of the shares in the company so you need Thai shareholder(s) for the remaining 51%. There are restrictions as to what businesses farangs can operate as detailed in the Foreign Business Act. You need to employ 4 Thais (2 if married) to obtain a work permit sponsored by your company; working in Thailand without a work permit is illegal and the penalties can be severe.

Have a look at the following link for more information

BOI

[tb86]

lol dam_n your fast thaiphoon

[thaiphoon]

lol dam_n your fast thaiphoon

[Kensun]

I cant't open your link

do you know if I am able to own those 49% in a beauty salon?

[PoorSucker]

I cant't open your link

do you know if I am able to own those 49% in a beauty salon?

Of course you can own 49%.

You can also work there as "General Manager".

[thaiphoon]

here you go ...

http://www.boi.go.th/english/how/legal_iss...n_investors.asp

Unless my eyes deceive me I can't see it on the restricted businesses list.

[Kensun]

Ok. thanks