srampersaud1 Posted November 23, 2005 Share Posted November 23, 2005 (edited) I am a 25 yr old male wanting to move to Thailand to open a bar. I have 5 million Baht in the bank. How can I get a visa to stay for 12 mths? What kind of visa do I have to apply for? What are the requirements? Can I extend this visa after 12 mths? Can I get a work permit/business license with this type of visa? Sorry for all the questions but I am lost in where to begin. Also do I have to leave Thailand every 3 mths to get this visa? Oh yeah one other thing, I am from Canada with a Canadian passport. Thanks Edited November 23, 2005 by srampersaud1 Link to comment Share on other sites More sharing options...
davethailand Posted November 23, 2005 Share Posted November 23, 2005 What kind of bar? Where? Who with? 5 mill probably is'nt enough. Link to comment Share on other sites More sharing options...
Heng Posted November 23, 2005 Share Posted November 23, 2005 I am a 25 yr old male wanting to move to Thailand to open a bar. I have 5 million Baht in the bank. How can I get a visa to stay for 12 mths? What kind of visa do I have to apply for? What are the requirements? Can I extend this visa after 12 mths? Can I get a work permit/business license with this type of visa? Sorry for all the questions but I am lost in where to begin. Also do I have to leave Thailand every 3 mths to get this visa? Oh yeah one other thing, I am from Canada with a Canadian passport.Thanks Go for it, kid... at the very least you'll have a 50 year age advantage on average (it seems) over most other falang bar owners. Link to comment Share on other sites More sharing options...
davethailand Posted November 23, 2005 Share Posted November 23, 2005 I am a 25 yr old male wanting to move to Thailand to open a bar. I have 5 million Baht in the bank. How can I get a visa to stay for 12 mths? What kind of visa do I have to apply for? What are the requirements? Can I extend this visa after 12 mths? Can I get a work permit/business license with this type of visa? Sorry for all the questions but I am lost in where to begin. Also do I have to leave Thailand every 3 mths to get this visa? Oh yeah one other thing, I am from Canada with a Canadian passport.Thanks <{POST_SNAPBACK}> Go for it, kid... at the very least you'll have a 50 year age advantage on average (it seems) over most other falang bar owners. <{POST_SNAPBACK}> Not this one Link to comment Share on other sites More sharing options...
srampersaud1 Posted November 23, 2005 Author Share Posted November 23, 2005 Mai Thai bar soi eric or tiger. Or off bangla road in the newly opening soi. By myself. Link to comment Share on other sites More sharing options...
britmaveric Posted November 23, 2005 Share Posted November 23, 2005 Need a Thai partner - required by law. Link to comment Share on other sites More sharing options...
srampersaud1 Posted November 23, 2005 Author Share Posted November 23, 2005 Already have 1 thai partner. Do I need more? How about the visa? Link to comment Share on other sites More sharing options...
solo siam Posted November 23, 2005 Share Posted November 23, 2005 Im pretty sure the Mai Thai Bar in Soi Eric isnt for sale, I wouldnt jump into anything too brashly, most bars dont make any money. Link to comment Share on other sites More sharing options...
srampersaud1 Posted November 23, 2005 Author Share Posted November 23, 2005 Why is that? Link to comment Share on other sites More sharing options...
davethailand Posted November 23, 2005 Share Posted November 23, 2005 Whose the partner? How much will you have to spend? Link to comment Share on other sites More sharing options...
srampersaud1 Posted November 23, 2005 Author Share Posted November 23, 2005 Partner is my girlfriend she is spending nothing as she will be giving me her percentage in paper Link to comment Share on other sites More sharing options...
davethailand Posted November 23, 2005 Share Posted November 23, 2005 Partner is my girlfriend she is spending nothing as she will be giving me her percentage in paper <{POST_SNAPBACK}> How? Are you setting up a company? Link to comment Share on other sites More sharing options...
solo siam Posted November 23, 2005 Share Posted November 23, 2005 Why is that? <{POST_SNAPBACK}> Well i) Mai Thai Bar is very successful and I cant see the owner selling for your sort of money. You might just get a bar in Soi Eric but I've seen bars there that have never had a customer in the 100+ times I've been down there. ii) There are thousands of bars in Patong, Not every business can be successful, probably 20% make any sort of decent profit. Its like any business, whats going to differentiate your bar from the other 100 bars next door? Link to comment Share on other sites More sharing options...
unforgiven Posted November 23, 2005 Share Posted November 23, 2005 Partner is my girlfriend she is spending nothing as she will be giving me her percentage in paper <{POST_SNAPBACK}> uh oh,,,,,,,,,,,,I smell a rodent,,,,,,,,,,,girlfriend how long? Link to comment Share on other sites More sharing options...
srampersaud1 Posted November 23, 2005 Author Share Posted November 23, 2005 yes Link to comment Share on other sites More sharing options...
srampersaud1 Posted November 23, 2005 Author Share Posted November 23, 2005 2yrs Link to comment Share on other sites More sharing options...
davethailand Posted November 23, 2005 Share Posted November 23, 2005 (edited) In that case you will need a work permit to keep 100% control of it, You 49% managing director, thai shareholders 51% with their shares signed over to you, Also- 2 million baht company 4 thai employee's registered for social insurance. Yourself paying salary tax and insurance every month = around 6000bht per month. Before that of course you have to get a non imm B, then a work permit, THEN a one year visa and thats if they will issue you one. Also you need to register the bar, get the licenses and have a thai licensee (over 100000bht just for paperwork) Edited November 23, 2005 by davethailand Link to comment Share on other sites More sharing options...
britmaveric Posted November 23, 2005 Share Posted November 23, 2005 On the bright side if things go to shi*e in a couple years, young enough to go back to work in Canada. -if you proceed need to seriously look at marketing/numbers in the area, plus do smth unique the other bars don't do to attract customers. Link to comment Share on other sites More sharing options...
srampersaud1 Posted November 23, 2005 Author Share Posted November 23, 2005 Why would they not issue me one? Link to comment Share on other sites More sharing options...
davethailand Posted November 23, 2005 Share Posted November 23, 2005 They can be funny when it comes to bars, Why should they issue you one is the question. Link to comment Share on other sites More sharing options...
srampersaud1 Posted November 23, 2005 Author Share Posted November 23, 2005 What do you think would help push them to give me one for opening a bar? Link to comment Share on other sites More sharing options...
davethailand Posted November 23, 2005 Share Posted November 23, 2005 What do you think would help push them to give me one for opening a bar? <{POST_SNAPBACK}> Money Link to comment Share on other sites More sharing options...
srampersaud1 Posted November 23, 2005 Author Share Posted November 23, 2005 how much? Link to comment Share on other sites More sharing options...
davethailand Posted November 23, 2005 Share Posted November 23, 2005 What you really need to think about is "Will the bar provide you with a reasonable living AFTER you've paid all of the bills"? Paperwork is the easy bit, it is'nt worth getting set up legally for a year if the bar is'nt going to be to pay for it. How many times have you been to Thailand? Link to comment Share on other sites More sharing options...
srampersaud1 Posted November 23, 2005 Author Share Posted November 23, 2005 3 times. Link to comment Share on other sites More sharing options...
srampersaud1 Posted November 23, 2005 Author Share Posted November 23, 2005 Has anyone heard of renting a bar. Would they give a visa for that? Why does a business have to be 2million? Link to comment Share on other sites More sharing options...
davethailand Posted November 23, 2005 Share Posted November 23, 2005 (edited) Has anyone heard of renting a bar. Would they give a visa for that? Why does a business have to be 2million? <{POST_SNAPBACK}> Really all bars are rented as you will often never be able to own the land, you normally buy the lease for however long (key money) and then pay rent every month. 2 million bht is the requirement company capital to obtain a work permit. Edited November 23, 2005 by davethailand Link to comment Share on other sites More sharing options...
srampersaud1 Posted November 23, 2005 Author Share Posted November 23, 2005 So then could I buy a bar for 1.5 million and then buy 500000 worth of liquor and upgrades to the bar? Link to comment Share on other sites More sharing options...
davethailand Posted November 23, 2005 Share Posted November 23, 2005 (edited) I think you just have to show the 2 mill in the bank then open your company, Whats the monthly rental on the bar your looking at? Have you got a bar lined up? Edited November 23, 2005 by davethailand Link to comment Share on other sites More sharing options...
srampersaud1 Posted November 23, 2005 Author Share Posted November 23, 2005 Have not got a bar lined up yet still doing research on what and where. They try to sell you the key for a fee then they charge you monthly rental. The ladies I believe work for free unless they are drop dead gorgeous. Do you know if I would have to pay police or mafia someone mentioned that to me in a conversation. Link to comment Share on other sites More sharing options...
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