MO2MEN Posted February 6, 2016 Share Posted February 6, 2016 Hello , i have 1.5 million baht i need setting up business in pattaya which is the best project ( Tourism service co. or shop to sell gym products or small shop same same 7-eleven ) or other ideas ? i know most of procedures to setting up company but i need more details about : 1- minimum registration capital would be 2 M Baht ? is 2 m baht will be on documents only because i already don't have them . 2- i must have 4 thai employees at my shop , i think 4 employees are so much , how to neglect this point ? i need only 2 thai employees i am looking forward to your support and help thanks Link to comment Share on other sites More sharing options...
stephenterry Posted February 6, 2016 Share Posted February 6, 2016 Be prepared to lose it. Any business venture in Thailand is fraught with risk. As it happens, I do know of a bistro here in CM where the owner could consider a partnership as he's elderly. Link to comment Share on other sites More sharing options...
MO2MEN Posted February 6, 2016 Author Share Posted February 6, 2016 Thanks.....if anyone else knows anything.......please advise Link to comment Share on other sites More sharing options...
OMGImInPattaya Posted February 6, 2016 Share Posted February 6, 2016 Wow...a whole 1.5M...you don't say. Well Bill Heineke started with less so I guess it can be done. Good luck. Link to comment Share on other sites More sharing options...
steve187 Posted February 6, 2016 Share Posted February 6, 2016 lots of really good business's for sale on tv classifieds, all real bargins and money makers. Link to comment Share on other sites More sharing options...
Rhys Posted February 6, 2016 Share Posted February 6, 2016 Well do admire your courage... you know of course, you loose...especially in your area.. many pockets are going to feast on you.. Move into another option.. Best wishes.. Link to comment Share on other sites More sharing options...
tomwct Posted February 6, 2016 Share Posted February 6, 2016 80-90% of new businesses fail in the first year! In Thailand, probably a greater percent! If your still determined to invest, I would suggest a 7/11, but you'll need to speak and read very good Thai! Good Luck Amigo! Link to comment Share on other sites More sharing options...
MO2MEN Posted February 6, 2016 Author Share Posted February 6, 2016 Thanks.....if anyone else knows anything.......please advise Link to comment Share on other sites More sharing options...
Buddumber Posted February 6, 2016 Share Posted February 6, 2016 you arent going to run a 7/11 with just two staff. never even seen one farang owned 7/11 in thailand or even SEA for that matter Link to comment Share on other sites More sharing options...
MO2MEN Posted February 6, 2016 Author Share Posted February 6, 2016 if i put 1.5 Million baht at thai bank what about monthly return ? Link to comment Share on other sites More sharing options...
swissie Posted February 6, 2016 Share Posted February 6, 2016 The golden rule: Live in Thailand for 6 months before investing. After that, the appetite to invest in Thailand is usually greatly diminished. But then, some people like to leap before they look. There is no vaccine nor cure for them, they suffer from "Thai-Fever". Cheers. Link to comment Share on other sites More sharing options...
worgeordie Posted February 6, 2016 Share Posted February 6, 2016 if i put 1.5 Million baht at thai bank what about monthly return ? A Big Mac ,Coke and fries, thats about it mate. good luck on your venture.or should that be adventure. regards worgeordie Link to comment Share on other sites More sharing options...
chiang mai Posted February 6, 2016 Share Posted February 6, 2016 How old are you, what you do with 1.5 mill. baht depends on your age? Link to comment Share on other sites More sharing options...
chiang mai Posted February 6, 2016 Share Posted February 6, 2016 if i put 1.5 Million baht at thai bank what about monthly return ? About 1.8% a year, 1.5 mill. is small change I'm afraid, take care of it. Link to comment Share on other sites More sharing options...
MO2MEN Posted February 6, 2016 Author Share Posted February 6, 2016 How old are you, what you do with 1.5 mill. baht depends on your age? 33 years Link to comment Share on other sites More sharing options...
chiang mai Posted February 6, 2016 Share Posted February 6, 2016 (edited) Put it into a bank on a fixed rate deposit which will earn you peanuts. Don't let a fairly small amount of money burn a hole in your pocket, you're going to need it later in life, trust me you will. Get on with your life as normal and ignore the fact that you have that money. The financial and economic world is on the edge of major change, I think tactics should be about keeping funds safe, funds preservation and not right now about making them grow. Edit to ad link an article I just read that seemed appropriate: http://www.telegraph.co.uk/finance/economics/12138466/when-is-the-next-financial-crash-coming-oil-prices-markets-recession.html Edited February 6, 2016 by chiang mai Link to comment Share on other sites More sharing options...
Regyai Posted February 6, 2016 Share Posted February 6, 2016 Take your money hit the bars and party it away I a little under a years time it'll be gone (way less if you're frivolous ) But you'll have had fun Throw it into an under funded Thai 'pip squeak' business, in less than a year it'll all be gone, and you'll be at your wits end Or you could do as already suggested and take a sharp intake of common sense Link to comment Share on other sites More sharing options...
itsmylife Posted February 6, 2016 Share Posted February 6, 2016 Sell chicken Rice . Link to comment Share on other sites More sharing options...
Regyai Posted February 6, 2016 Share Posted February 6, 2016 Sell chicken Rice . Chicken will buy rice ? Link to comment Share on other sites More sharing options...
nev Posted February 6, 2016 Share Posted February 6, 2016 Open a beer bar. Link to comment Share on other sites More sharing options...
TheCruncher Posted February 6, 2016 Share Posted February 6, 2016 lots of really good business's for sale on tv classifieds, all real bargins and money makers. This is why we desperately need a sarcasm emoticon on this forum. Link to comment Share on other sites More sharing options...
Gutenberg Posted February 6, 2016 Share Posted February 6, 2016 1.5 mio. THB is a good amount to start a business. Just a reminder for you all, in many western European countries, share capital requirements are around 1 mio THB and it is a good number to start if you have a solid business plan or a great idea. However, in Thailand you cannot just start a thing, you need the 4 Thais + work permit / visa and this alone will eat into the capital which is meant to be spent on the business + you have accounting fees, etc. Basically you are looking forward to get the best return for your money - as we all do, I guess, regardless if small or smaller money. If you don't have a problem losing the money, you can just follow the ideas from above, e.g. a restaurant or a beer bar (and try getting cute girls). Maybe it will work (10%) and you will get a small income or it won't work (90%) and you fail after 6 month and the money will be gone. Could be fun and adventures and with 33 I would probably try to do it. At the end, if you have something you are good at (English isn't one of your strongest things), stick to it. Maybe there is a market in your language, e.g. sell real estate to your landsman or open a marriage bureau. Link to comment Share on other sites More sharing options...
Buddumber Posted February 6, 2016 Share Posted February 6, 2016 (edited) thing you have to remember is that in your own country you get an even break. here you get every axxhole within 5 km actively looking to scam you, make you fall on your face. you know those required staff, thats so that the axxholes have inside info on your operation and can give info on how to throw a spanner in your undertaking. if you are in competition with any thai interest you have absolutely no chance of succeeding. bluntly, you are a fish out of water. like everyone has said before, dont bring into thailand more than you can easily afford to lose. sure the big well establish overseas names can cut it here but you on your own, forget it. Edited February 6, 2016 by Buddumber Link to comment Share on other sites More sharing options...
thrilled Posted February 6, 2016 Share Posted February 6, 2016 Gutenberg says 1.5 million baht is A huge amount of money.There are other people besides me that don't think so.Maybe put it in the stock market.I didn't say the Thai stock market.Average dividend maybe 5%.I will say this.to me it's not very much money. 10 or 20 years ago maybe.With inflation not so much.Remember to only invest the amount in Thailand that you can afford to Lose. Link to comment Share on other sites More sharing options...
JHolmesJr Posted February 6, 2016 Share Posted February 6, 2016 Invest in horticulture...i have and the returns are such fun. Link to comment Share on other sites More sharing options...
Pheat123 Posted February 6, 2016 Share Posted February 6, 2016 Start a business selling fridge magnets very popular with the ladies Link to comment Share on other sites More sharing options...
uptheos Posted February 6, 2016 Share Posted February 6, 2016 Invest in horticulture...i have and the returns are such fun. You spelled it wrong, it's whorticulture Link to comment Share on other sites More sharing options...
Gutenberg Posted February 6, 2016 Share Posted February 6, 2016 Gutenberg says 1.5 million baht is A huge amount of money.There are other people besides me that don't think so.Maybe put it in the stock market.I didn't say the Thai stock market.Average dividend maybe 5%.I will say this.to me it's not very much money. 10 or 20 years ago maybe.With inflation not so much.Remember to only invest the amount in Thailand that you can afford to Lose. Huge amount of money? Where did I say that, quote it or it did not happen. Maybe you did not understand what I wrote? Re-read, re-think. Link to comment Share on other sites More sharing options...
apetley Posted February 7, 2016 Share Posted February 7, 2016 if i put 1.5 Million baht at thai bank what about monthly return ? 2,500 bht Link to comment Share on other sites More sharing options...
KNJ Posted February 7, 2016 Share Posted February 7, 2016 Drugs, whisky, and women, and waste the rest Link to comment Share on other sites More sharing options...
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