How To Open A Business In Thailand.?

[Eesat]

I m not asking you what kind of business i should do. i am asking you how to register my business in Thailand. jeez! give me a break... if you want make some money I give you a free tip, many thai people don't have credit card and can not buy from eBay. or from online store... buy for them and take a %. i can create a business for each of you, instead to stay at home all day long. why not try to do something productive instead to wait the cash from your country and make fun of people. why not help Thai people who have no job and help them to start their business. mmmh, let me think very hard. selling ice cream by example...? or fruits? or selling Thai handmade product on line. you are lucky that your government gives you free money every month. I don't know what you would do if you were Thai citizen. jeez! what you want do the rest of your life outside of sipping beers all day long in gogo bars? .

Do you know anything about capitalisation of companies,what sort of a company are you looking to set up?Do you understand that for every farang employee,yourself included,you will have to employ 4 Thai workers on the minimum wage of 300 baht/day or 9,000 baht/month?So 36,000 baht extra for every farang?

You seem to think that you are a very smart cookie with a thousand fantastic and easy ways of getting rich in Thailand without having to do anything.The reality of the situation is you are just coming across as a clueless dreamer with no business plan and doomed to failure,probably arrest and deportation also for not working with the correct paperwork!

Many smart businessmen have tried and failed in Thailand and believe me when I try to tell you as kindly as possible,you certainly do not fit into that bracket!

Edited May 21, 2013 by Eesat

[givenall]

Don't

Sent from my ST18a using Thaivisa Connect Thailand mobile app

[mickjn]

My son has a Thai wife.He comes over about every 3 months for 2 weeks.They had a shop,womens clothes,and were going ok.Sometimes I go and see her for a few days now and again.Anyway they must be making a few dollars a few months ago they rented the shop next door to give them more room

[kevvy]

I started a business 8 months ago and got shot down in flames on this forum by about 65% of the members , just take your time and you will have to be here to keep an eye on things as well. The biggest thing you will need is a good supporting wife and an honest one , I have this and my wife and I on the way to make some serious money .... good luck on your venture

7 months ago you was fed up with Thailand and moving to Malaysia.

Another waster full of shit.

never said i was moving to malaysia read my posts first , i said malaysia offers ten year visa to ex pats so go and <deleted>*k yourself

[joorakee]

From my my research and some experience i have researched the following legal ways to earn money in Thailand.

1, Teaching English in Thailand is a decent and fair way to make money in Thailand

(...)

2, The most common thing I’ve noticed with all the successful eBay sellers in Thailand is that they all test their products and they all have only new items for sale with great photographs.

(...)

3,It helps that the timeshare industry seems to have outgrown an earlier image problem.

(...)

4,Invest in a farm

(...)

5, AdSense is a great way to get paid for doing what you love to do: blogging!

(...)

6, Open a guesthouse with a restaurant!

(...)

7. Land a normal job with a (most probably multinational) company as you would do back home. Remember, however, that you should be a specialist in a particular field, especially if you don't have a good command of the Thai language, otherwise it can be difficult to obtain a work permit. You don't need to be a genius, but it's good to have a university degree (BA will be enough in most cases) and some practical knowledge and skills. You can expect about 50-70k THB at the beginning (in case you are hired locally).

[Cheapcharly]

guys...

took me 20 minutes to open my business. went town office. filled a form.. put the name of 2 Thai guys and mine .. paid 1000 baths... and i have my business.

now i can buy house, car, bike under the name of my business.

I told you it was easy...

[poserboy]

I m not asking you what kind of business i should do. i am asking you how to register my business in Thailand. jeez! give me a break... if you want make some money I give you a free tip, many thai people don't have credit card and can not buy from eBay. or from online store... buy for them and take a %. i can create a business for each of you, instead to stay at home all day long. why not try to do something productive instead to wait the cash from your country and make fun of people. why not help Thai people who have no job and help them to start their business. mmmh, let me think very hard. selling ice cream by example...? or fruits? or selling Thai handmade product on line. you are lucky that your government gives you free money every month. I don't know what you would do if you were Thai citizen. jeez! what you want do the rest of your life outside of sipping beers all day long in gogo bars? .

Do you know anything about capitalisation of companies,what sort of a company are you looking to set up?Do you understand that for every farang employee,yourself included,you will have to employ 4 Thai workers on the minimum wage of 300 baht/day or 9,000 baht/month?So 36,000 baht extra for every farang?

You seem to think that you are a very smart cookie with a thousand fantastic and easy ways of getting rich in Thailand without having to do anything.The reality of the situation is you are just coming across as a clueless dreamer with no business plan and doomed to failure,probably arrest and deportation also for not working with the correct paperwork!

Many smart businessmen have tried and failed in Thailand and believe me when I try to tell you as kindly as possible,you certainly do not fit into that bracket!

This is not true, he does not need to hire a minimum of 4 thai workers as he won't be hiring a farang so there will be no work permits. OP has clearly said he won't be in Thailand. If anyone knows any actual facts to the OP's original question that would be great to read for other people looking for the same advice

[Cheapcharly]

thank you poser boy....

people here don't know what they are talking about.

it s easy to open a business, Any idiots can do it... only guys here can not even read my question and we're all thinking I was going to run a business and make or lose a ton of bahts...

I m not running a business, I just registered a name and now I have my business name. what is my business now if you ask me? nothing. my business creates nothing, produce nothing, generate 0 money, but I can buy house, car,... under the name of my business...

you can put anybody in your business as long their are thai. could be your wife, gf, thai grandmother, a thai friend, not your thai dog. :-)

[samran]

So have you hired an accountant yet to do your monthly, quarterly and yearly submissions? Also you'll need a seperate auditor for the annual tax return. Bare minimum will cost you $1000 per year just for this.

[Naam]

So have you hired an accountant yet to do your monthly, quarterly and yearly submissions? Also you'll need a seperate auditor for the annual tax return. Bare minimum will cost you $1000 per year just for this.

please update your knowledge on this subject Samran. no such thing like monthly or quarterly submissions for a company which hasn't started to conduct any business. there are basic taxes to pay and a yearly tax return to submit. altogether much less than $1,000 per year.

[samran]

So have you hired an accountant yet to do your monthly, quarterly and yearly submissions? Also you'll need a seperate auditor for the annual tax return. Bare minimum will cost you $1000 per year just for this.

please update your knowledge on this subject Samran. no such thing like monthly or quarterly submissions for a company which hasn't started to conduct any business. there are basic taxes to pay and a yearly tax return to submit. altogether much less than $1,000 per year.

I was assuming he wanted to run some sort of business in Thailand. I have to do monthly witholding tax payments and regular tax payments based on previous years earnings. Need an accountant to do the books on a regular basis (1500 baht per month) plus the annual audit (around 20K) all which is quite cheap.

Edited June 5, 2013 by samran

[Naam]

So have you hired an accountant yet to do your monthly, quarterly and yearly submissions? Also you'll need a seperate auditor for the annual tax return. Bare minimum will cost you $1000 per year just for this.

please update your knowledge on this subject Samran. no such thing like monthly or quarterly submissions for a company which hasn't started to conduct any business. there are basic taxes to pay and a yearly tax return to submit. altogether much less than $1,000 per year.

I was assuming he wanted to run some sort of business in Thailand. I have to do monthly witholding tax payments and regular tax payments based on previous years earnings. Need an accountant to do the books on a regular basis (1500 baht per month) plus the annual audit (around 20K) all which is quite cheap.

it seems he did not establish a "Limited Company" but just a "Partnership" plus (according to his posting) he has not started any business yet but he "can".

[samran]

So have you hired an accountant yet to do your monthly, quarterly and yearly submissions? Also you'll need a seperate auditor for the annual tax return. Bare minimum will cost you $1000 per year just for this.

please update your knowledge on this subject Samran. no such thing like monthly or quarterly submissions for a company which hasn't started to conduct any business. there are basic taxes to pay and a yearly tax return to submit. altogether much less than $1,000 per year.

I was assuming he wanted to run some sort of business in Thailand. I have to do monthly witholding tax payments and regular tax payments based on previous years earnings. Need an accountant to do the books on a regular basis (1500 baht per month) plus the annual audit (around 20K) all which is quite cheap.

it seems he did not establish a "Limited Company" but just a "Partnership" plus (according to his posting) he has not started any business yet but he "can".

Missed the partnership bit. However post #36 says he got two Thai people and himself implies to me that he has 3 shareholders, which is the minimum reequirement in Thailand to set up a Limited Company.

[Cheapcharly]

ahah this is not the USA. you don't have anything to do. USA sucks for business owner i agree.

just report to a thai tax office once a year with 0 income...

or just go inside. they will file tax for you...

[ika]

The 6 million dollar question is "How can i legitimately stay, work, live successfully in Thailand?"

This has been a subject of contemplation for myself, many other foriegn nationals and Thaivisa members who have not met the ripe age of retirement and can draw on their pension/s, this i hasten to add with the current economic climate is no guarantee of solvency in LOS.

From my my research and some experience i have researched the following legal ways to earn money in Thailand.

1, Teaching English in Thailand is a decent and fair way to make money in Thailand, it does have it’s pitfalls though. Most people who come to Thailand see Teaching English as an easy way to make money and more often than not are not trained to do so. There are many trained teachers who come to Thailand seeking a teaching job, but it’s not for everyone. Most English teachers make around 30,000 baht per month, this is a good wage in Thailand and you can live of that but the hours stress and general unwillingness to learn from the Thai students may have you questioning why you decided to take the job. The perks however are you get 4 months vacation per year while still getting paid, though on a meager teachers salary there’s not much you can do in that period of time. If your trying to make a lot of money in Thailand Teaching English is NOT the way to do it. In order to teach English you’ll need to get a TOEFL certificate and do some training, the market is very competitive and don’t expect pay rises as you gain experience. For Thai people the salary you get will seem high to them already and will be unwilling to pay more, you can make extra money and perhaps more money if you do private tuition or open your own language school.If you don’t already have your TEFL certificate

2, The most common thing I’ve noticed with all the successful eBay sellers in Thailand is that they all test their products and they all have only new items for sale with great photographs.

The thing about eBay is you don’t need a million items though that approach does work it requires a lot of capital. What you want to find are those identical items that can sell 20-100 times a month at a markup of 4 to 1 but a better ration is more like 8-1. Basically an item you can buy for 300 baht then sell it on eBay for 8 times as much or 2100 baht that’s roughly $69.95 at today’s rate of 30 baht and do that 100 times a month on the one product. Have 10 products like this and you have your eBay empire made.

A ten dollar item like the one you picked up is still just a $10 item it’s your job to make people want to pay the $69.95 amount and the way to do that is to get a professionally designed graphic and photographs of your product and make it look like the amount are asking for. People shop on eBay for bargains sure but they are also shopping for dreams make it seem like your product is the best of it’s kind and come across as a professional. People are always willing to buy quality when you sell something of quality and the markup is great you begin to make more money for doing less work.

3,It helps that the timeshare industry seems to have outgrown an earlier image problem. I didn't have a high impression of the industry; timeshare had a bad reputation. When people hear timeshare, they cringe because they've all been through the 90-minute time pressure sales pitch." But concerted efforts by the industry have cleaned up the image and professionalized timeshare operations. Indeed now the rewards for a sales person can be as high or a low as you desire, it's all about you and your motivation. The resorts also supply work permits.

4,Invest in a farm, not for the faint hearted or novice although there is a wealth of information in the farming forum on thaivisa to assist you in your venture be it breeding pigs, shrimps ot working a rubber farm.

5, AdSense is a great way to get paid for doing what you love to do: blogging! AdSense allows you to show targeted ads on your blog and earn revenue from your traffic. It also helps your visitors find things they may be interested in, based on the content of your blog posts. Best of all, AdSense is free and you have the option to remove the ads at any time.

The AdSense system shows ads relevant to the content of your blog and you can easily customize the look and feel of the ads to match your blog. If your blog is about shoes, you may show ads for shoe designers or clothing stores. If your blog is about cars, you may see ads for car dealerships or auto shops. Using filters, you can have control over the content of the ads you display by choosing to block categories of ads or even specific advertisers.

With the free suite of powerful AdSense reporting tools, you can pull detailed reports that will help you track your revenue and identify opportunities to earn more money.

6, Open a guesthouse with a restaurant!

Running a guesthouse is a bit like having a new baby - lots of early mornings and laundry, a seriously diminished social life and the constant need for energy. But if you love caring for people, don't mind having strangers sharing your living space and are always able to give service with a smile, it's all worth it. Your biggest outlay will be on the premises - either buying an existing guesthouse or adding lots of en-suites to your home. Top earners can hit live comfortably, but the lower rungs are anything from loss-making upwards once the financial pressure of a big mortgage has been chucked in.running a guesthouse is no easy feat. Expect very early mornings (everything has to be ready for when guests wake up) and say goodbye to weekends and most ventures out (as someone always has to be on-hand should a guest need you).

Day-to-day activities will be repetitive: having to undertake the same tasks you did yesterday, with the knowledge they'll have to be done again tomorrow. Cleaning rooms, making breakfast, doing laundry, repairing broken fixtures, greeting or saying goodbye to guests, and keeping strict accounts are all part of running a guesthouse.

The personal touch is what draws people to guesthouses, and things like learning guests' names and advising them on what to do during their stay are really important.

Above all, your job is to make sure guests enjoy themselves and want to come back again, or at least recommend to others. Being a farang you will however need a Thai partner after all the laws of Thailand must always be adherd to.

For more infomation on visas and legalities this can all be sourced from the visa section on Thaivisa forum.

Good luck in whatever venture you decide and i look forward to more input on the subject.

CCC

Buying condos and renting them out, it that a possibility ?

[Cheapcharly]

sure you can..

you can give management to a real estate.

[innerspace]

guys...

took me 20 minutes to open my business. went town office. filled a form.. put the name of 2 Thai guys and mine .. paid 1000 baths... and i have my business.

now i can buy house, car, bike under the name of my business.

I told you it was easy...

Buy a house on a non trading company set up for the purpose of buying property.... possible but 100% illegal and high risk

Managing "your" business or even signing a simple form....assuming from the sounds of your post that you have no work permit..... 100% illegal.

Buying car or bike......anyone can do on tourist visa.

So what have you actually bought? A right to do nothing!

Tax accounting and social security gets expensive on any proper business.... feel lucky you dont have the costs of a proper business but dont brag about having nothing.

Check the rules. Requirements. Benefits. Costs. Risks. Then decide what to do.

Even closing down a business can be very expensive so you may have just bought yourself a nice big debt!

[GAZZPA]

Lots of very unhelpful messages on here,, I can only guess that they are failed business people.

The reality of all this is that you are obviously in early stages and just fishing for information. There are challenges about starting a business in Thailand such as employment law, capital investment and such. Also, the market is pretty saturated for many industries such as restaurants and bars so I would be more then cautious before venturing anywhere there.

The best advice is do your research and a lot of it. Also be very aware of Thai business culture, finding someone you can trust will be one of your biggest challenges for sure.

Good luck in whatever you decide to do but don't expect huge returns quickly, it will take hard work, time and a good dose of luck.