Can a foreigner open a restaurant in Thailand?

You might already thought about opening a restaurant in Thailand to contribute your unique taste in the “Kitchen of the World”. That means the majority of shares in this company must be owned by that Thai citizen. … And you as a foreigner can only own up to 49% of that company.

How can I open 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 sell food in Thailand?

There are two types of Food Licenses in Thailand depending on your business. … Obtaining a work permit to sell food in Thailand as a foreigner is very difficult to obtain but not impossible. Manufacture: If you are going to import food into Thailand then you will need a license for this process as well.

IMPORTANT:  What do I need for US visa interview?

Can foreigners own 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.

Can foreigners 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. On the other hand, opening a bar in Thailand means respecting the rules and the regulations as for opening any kind of business in the country.

How can a foreigner Start a business in Thailand?

The Step-by-Step Guide to Starting a Business in Thailand

  1. Pick a Type of Business. …
  2. Check Out Thailand’s Foreign Business Act. …
  3. Learn About Incentives and Benefits Provided by the BOI. …
  4. Apply for Visa and Work Permits. …
  5. Register Your Company. …
  6. Sort Out Your Paid-Up Capital and Open a Bank Account.

Do you need any license when operating a restaurant business in Thailand?

The operation of a restaurant requires a license, that is, a permission by the Thai government. There are two types of government permission with regards to restaurant businesses, (1) the restaurant license and (2) a certificate of notification.

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.

IMPORTANT:  Best answer: How much does a UAE work visa cost?

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 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.

How do I permanently move to Thailand?

In order to apply to become a Thai Permanent Resident, you must meet the following criteria:

  1. You must have had a Thai non-immigrant visa for at least three years prior to the submission of your application. …
  2. You must be a holder of a non-immigrant visa at the time of submitting your application.

What is the best business in Thailand?

Here is a list of 12 profitable businesses in Thailand that is worth considering for investment during 2020-2021.

  • Baby care. The global baby care industry is expected to increase at a rapid rate. …
  • Brewpub. …
  • Catering business. …
  • Delivery business. …
  • Digital Marketing. …
  • Driving School. …
  • Import and Export Business. …
  • Graphic Designing.

How much do you need to open a bar in Thailand?

The minimum fee is 5,000 baht, whereas the maximum government fee can reach up to 250,000 baht. The Final step of the incorporation will involve convening a statutory meeting; a minimum of 25% of the value of each subscribed share must be paid.

IMPORTANT:  Is foreign remittance exempt from tax?

What kind of business can I start 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.

How much does it cost to start a bar in Pattaya?

In say Pattaya decent sized premises would I’d guess cost 200.000+bt a month to rent, much more if on Walking st. A steel framed building of say a 1000sq meters would cost around 8m to build and likely 2 m+ to equip, depending on how plush perhaps as much as 5m, and you’d need the same again size wise to park cars.

What’s a bar fine in Thailand?

Bar Fines. … If they agree to go with you and you wish to take her out before the bar closes, you have to pay a fee (around 300-500 Baht) known as a “bar fine”. This is to compensate the bar for the time that she is out of the bar, where she would normally be entertaining and attracting more customers.