Can a foreigner set up a business in Thailand?

This means that foreigners can only own up to 49% of a Thai company. The 49% limit for certain business activities can be exceeded or exempted if a Foreign Business License is granted. A Foreign Business License is generally granted to foreign-owned businesses that are unique and do not compete with Thai businesses.

How can a foreigner register a company in Thailand?

Steps of registering a private limited company in Thailand

  1. Step 1: Registering the company name. …
  2. Step 2: Filing the Memorandum of Association. …
  3. Step 3: The statutory meeting. …
  4. Step 4: Registering the company. …
  5. Step 5: Registering for corporate income tax and VAT. …
  6. Step 6: Social security registration.

Can I set up a business in Thailand?

If you want to start a business in Thailand, you can set up your business in a number of ways. If you have an international business, you may wish to set up a Thai branch office, Thai representative office or Thai regional office to take advantage of local business opportunities and possible tax advantages.

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Can a foreigner be a sole proprietor in Thailand?

A business owned by one person with unlimited liability is known as sole proprietorship. … For foreigners, sole proprietorship is only allowed if they are covered by the United States – Thailand Treaty of Amity and Economic Cooperation. Otherwise foreigners are not permitted to operate this type of business.

How much does it cost to start a business in Thailand?

As it currently stands, the minimum capital requirement for a Thai majority shareholder company (limited) is 2 million Baht, with a government set up fee of roughly 7,000 Baht. If you have a Thai spouse, this requirement is reduced to 1 million Baht.

How do I set up a limited company in Thailand?

How To Set Up A Thai Limited Company

  1. STEP 1: COMPANY NAME RESERVATION. …
  2. STEP 2: FILING OF MEMORANDUM OF ASSOCIATION. …
  3. STEP 3: CONVENE A STATUTORY MEETING. …
  4. STEP 4: REGISTRATION. …
  5. STEP 5: TAX REGISTRATION. …
  6. STEP 6: OPENING A COMPANY BANK ACCOUNT.

How much does it cost to register a company in Thailand?

However, the government fee to register a company in Thailand is the same for Baht 15 capital or Baht 1M capital. Thus the government fee to set up a Thai company is about 7,000 for Baht 1 M registered capital.

What business can I do in Thailand?

Top 10 Business Opportunities in Thailand

  • Import and Export Company. …
  • IT Consulting Business. …
  • Translation Services Business. …
  • Create a Catering Company. …
  • Real Estate Company. …
  • Healthcare Services Business. …
  • Opening a Resort. …
  • Travel and Tour Companies.

What is the Foreign Business Act Thailand?

Under the Foreign Business Act ( FBA ) foreigners are prohibited from engaging in most business categories in Thailand, unless an alien business operation permit has been obtained from the Director-General of the Department of Commercial Registration with the approval of the Foreign Business Committee.

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Is it safe to do business in Thailand?

Thailand is ranked 21 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The Ease of Doing Business index ranks countries based on how the regulatory environment is conducive to business operations, stronger protection or property rights.

How do I start a restaurant in Thailand?

Step By Step Process Of Setting Up A Restaurant Business In…

  1. Step 1: Choose the business location. …
  2. Step 2: Finalizing Company Structure And Initiating Registration. …
  3. Step 3: Appointing A Thai Director. …
  4. Step 4: Register The Company With Ministry Of Commerce. …
  5. Step 5: VAT and Tax Registration.

Can foreigners buy commercial property in Thailand?

Can foreigners buy commercial property in Thailand? Foreign individuals can generally not own commercial property in Thailand. Instead, it’s far more common to buy condo units as the buying process is straightforward and you can even own the units on a freehold basis.

How can a foreigner make money in Thailand?

Here’s an overview of the most common ways for foreigners to make money in Chiang Mai:

  1. Teaching English (or something else) …
  2. Working online: being a Digital Nomad. …
  3. Exporting / selling things on eBay. …
  4. Trading stock or foreign currencies. …
  5. Call center jobs. …
  6. Running a bar, restaurant, guesthouse / resort. …
  7. Renting out property.

Can a foreigner own a bar in Thailand?

In order to open a bar in Thailand, foreign citizens need to have a Thai partner who must own 51% of the business. … It is good to know that you will need a Thai liquor license to sell any type of beverages.

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