princejohnjay Posted January 31, 2011 Share Posted January 31, 2011 Hello there, I'm an international student seeking to buy an internet cafe business in Thailand. I saw and was in the process of making payment when the seller called and told me that the Thai government does not allow the transfer of ownership of internet cafe business to a foreigner. Does anyone know about this? What does a foreigner need to do to have an internet cafe business registered on his name with a work permit?? Every advice will be highly appreciated... Jay Link to comment Share on other sites More sharing options...
steve187 Posted January 31, 2011 Share Posted January 31, 2011 plenty of reading on here regarding business ownership. Link to comment Share on other sites More sharing options...
gotlost Posted January 31, 2011 Share Posted January 31, 2011 Keep your money in your pocket this another in the long list of losers. Link to comment Share on other sites More sharing options...
princejohnjay Posted January 31, 2011 Author Share Posted January 31, 2011 Keep your money in your pocket this another in the long list of losers. LMFAO Link to comment Share on other sites More sharing options...
fantuzi Posted January 31, 2011 Share Posted January 31, 2011 Long time ago - more then 10 yrs;there was internet cafe in BKK whose owner was foreigner,the same person who had the first internetcafe in the world - which was in London. Link to comment Share on other sites More sharing options...
tolsti Posted January 31, 2011 Share Posted January 31, 2011 Keep your money in your pocket this another in the long list of losers. LMFAO Yes you may laugh... but an internet cafe is probably one of the most sure ways of losing any investment here in Thailand... apart from a bar of course... however from one of your earlier post it seems you may have a captive clientèle..... ''P.S: am a Nigerian National and a BA Accounting student in Bangkok Thailand in my second year with no criminal records both in Nigeria and Thailand.'' Good luck Sunshine Link to comment Share on other sites More sharing options...
thrilled Posted January 31, 2011 Share Posted January 31, 2011 I wouldn't buy one.If you have extra money that you can afford to lose go for it Link to comment Share on other sites More sharing options...
elshaheen Posted February 1, 2011 Share Posted February 1, 2011 I got some ocean front property in Arizona. From my front porch you can see the sea. If you'll buy that, I'll throw the golden gate in for free. Link to comment Share on other sites More sharing options...
jalansanitwong Posted February 1, 2011 Share Posted February 1, 2011 Internet cafes in Thailand are vulnerable to police street corruption. Internet cafes main source of income is Thai male students who play games and giggle at girls over the net. Cops ban them from the internet shop if the owner doesnt pay up every month. Out of business very quickly. Thais drop 150,000 baht. Forget it ! Stay at school and become a professional student for years. The real world is a tough place. Link to comment Share on other sites More sharing options...
kuffki Posted February 1, 2011 Share Posted February 1, 2011 OP, it sounds like the seller has changed his mind or simply has no idea. As a foreigner you can not own much in your personal name(just a car and a bike) however if you had a company, then there is no problem transferring ownership. I hope you have not paid any deposits, and if you did, you got it back. There is definitely something fishy about the seller. Link to comment Share on other sites More sharing options...
PoorSucker Posted February 1, 2011 Share Posted February 1, 2011 He can not sell to a falang. He can sell to a company where you can have max 49% of the shares. For work permit. 1. The business must be registered in Thailand. 2. The company must be capitalized to at least Baht 2 Million while operating fund must be at least Baht 1 Million. 3. The company must have a ration of at least 4 : 1 - Four Thais for every foreigner. Link to comment Share on other sites More sharing options...
kuffki Posted February 1, 2011 Share Posted February 1, 2011 He can not sell to a falang. He can sell to a company where you can have max 49% of the shares. For work permit. 1. The business must be registered in Thailand. 2. The company must be capitalized to at least Baht 2 Million while operating fund must be at least Baht 1 Million. 3. The company must have a ration of at least 4 : 1 - Four Thais for every foreigner. I do not think its 100% true. Company can be a 1million baht company but then the owner will not be able to have a WP. Also can buy an "old" company and can own it 100% after its been "promoted" by the Thai's Company does not need 4:1 ration, this is needed ONLY if the owner(foreigner) wants a work permit. Link to comment Share on other sites More sharing options...
whybother Posted February 1, 2011 Share Posted February 1, 2011 He can not sell to a falang. He can sell to a company where you can have max 49% of the shares. For work permit. 1. The business must be registered in Thailand. 2. The company must be capitalized to at least Baht 2 Million while operating fund must be at least Baht 1 Million. 3. The company must have a ration of at least 4 : 1 - Four Thais for every foreigner. I do not think its 100% true. Company can be a 1million baht company but then the owner will not be able to have a WP. Also can buy an "old" company and can own it 100% after its been "promoted" by the Thai's Company does not need 4:1 ration, this is needed ONLY if the owner(foreigner) wants a work permit. FOR A WORK PERMIT PoorSucker is correct. (different rules if married to a Thai). If there is no work permit, then there doesn't really need any capitalisation - some, but not sure how much. There is obviously no Thai employee requirement if there is no work permit. Foreign ownership can only be 49% (unless Amity company), but the foreign owner can not work for the company with out a work permit. Link to comment Share on other sites More sharing options...
uniq Posted July 2, 2011 Share Posted July 2, 2011 thanks for the info - how do you guys come up with 150k coffee money? Link to comment Share on other sites More sharing options...
midas Posted July 3, 2011 Share Posted July 3, 2011 Long time ago - more then 10 yrs;there was internet cafe in BKK whose owner was foreigner,the same person who had the first internetcafe in the world - which was in London. are you referring to " Cyberia " ? Link to comment Share on other sites More sharing options...
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