Set up business

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Member since 20 January 2018

HamThaiMember22 January 2018 09:19:50

I've stayed in Koh Samui for 3 months and loved it How can I stay long term but generate a good income from business ?
Do I get business visa and work permit and then look to start or buy a business?
Income target 50-100k baht a month
Advice appreciated

Terrymedlicott Contributor

Member since 24 July 2017

TerrymedlicottContributor22 January 2018 09:31:50

154

Check this out
www.thethailandlife.com

garyknrd Member

Member since 15 April 2017

garyknrdMember22 January 2018 16:00:00

Koh Samui, run as fast as you can.

bill kip Serial expat

Member since 31 October 2016

bill kipSerial expat22 January 2018 23:22:59

523

From many posts that I have read, be extremely careful when sitting up or operating a business in Thailand.

blackjack2010 Serial expat

Member since 28 June 2014

blackjack2010Serial expat05 February 2018 09:55:55

265

wow!
you need to do some homework
there are several Government Depts involved in getting a company registered and a work permit attached to that company
DBD, Labour Dept, Immigration, Revenue Dept, Social Security, bank accounts, accounts and taxes

List goes on and on - and surprise surprise its all in Thai language - so if you are serious then you need to get a professional to do this for you

I always tell clients to not expect 1 baht for the first year as a lot of money will be going out the door until you establish yourself. If you make money straight up then good, then plan to keep making money

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