Steps (for dummies) for starting a business in Thailand

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Member since 10 January 2015

EvilNoHeartMember01 October 2018 03:40:32

Please help! Any feedback is appreciated!
Make it simple and straightforward please!
A list would be appreciated.

Thanks, Abe

cproll Active member

Member since 08 August 2015

cprollActive member01 October 2018 05:55:13

before anything...are you aware of the law regarding Farang owning a business here ???

EvilNoHeart Member

Member since 10 January 2015

EvilNoHeartMember01 October 2018 06:23:28

No sir I have sketchy information about it. But I understand you need to have Thai partners who own 51% of the company or business. Please correct me if I am wrong.

Thank you so much.

cproll Active member

Member since 08 August 2015

cprollActive member01 October 2018 07:41:58

yes that s it ….. and you cannot own land. Also I would highly suggest to get a thai lawyer before investing a penny here. What type of business are you interested in opening ?

EvilNoHeart Member

Member since 10 January 2015

EvilNoHeartMember01 October 2018 11:19:19

Getting a Thai lawyer to do all the prep work to start my business is a very good start.
Can you provide any tips to help me get a Thai lawyer that can be trusted?
I would like to open a fast food restaurant, American style in Bangkok.
I visited Thailand several times and I noticed lots of demand for Western food in few areas of Bangkok such as Siam square. What do you think ? I value your opinion. Thank you.

cproll Active member

Member since 08 August 2015

cprollActive member01 October 2018 13:17:01

OUF....Not sure it s a good idea.....so any Farangs come here and open a restaurant or a bar....A few but only a few do survive. Farangs who come here for tourism want to try and eat asian cuisine not western food that they can get at home . Think carefully before investing your savings.

cproll Active member

Member since 08 August 2015

cprollActive member01 October 2018 13:34:08

an idea for you......since you ve been here before.... you have surely seen them…...the rolling restaurant carts...…..

in all my years here, i never seen a real American hot dog stand.

and I would put a big english sign saying AMERICAN HOT DOG

and if, after a couple of years, you do open many of these little stand all over Thailand, you can send me a check saying thank you LOL

EvilNoHeart Member

Member since 10 January 2015

EvilNoHeartMember01 October 2018 13:52:31

Your point makes a lot of sense, but I do have a unique ideas to present my food to my Thai and western customers. And the prices will be very competitive but I agree ..it is risky but I also have seen people who are doing the food thing with great success.
Any tips on selecting the right lawyer?

Thanks.

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