How to Start Your Own Business in Thailand - ToughNickel - Money
Updated date:

How to Start Your Own Business in Thailand

A native New Yorker, I've been fortunate to be able to travel extensively to Asia for business working in the travel industry.

The flag of Thailand.

The flag of Thailand.

Starting a Business and Making Money in Thailand

How to start a business in Thailand is a topic most often brought up by travelers who have become enamored with the lifestyle they've experienced in the Kingdom. It's also the way they believe they can stay in the country longer while making a comfortable living in Thailand.

But they are not aware that foreigners who want to open a shop in Thailand are not allowed to fully own a company, except for US citizens under the US Treaty of Amity. And they wonder how much it costs to start up a business in Bangkok, Chiang Mai or on any of the idyllic beaches along the country's beautiful coastline. There are also cultural differences and legal boundaries that have to be considered before planning to open a shop in Thailand.

What This Article Covers

In this article, I will explain what you have to do legally and what you should expect while operating a business in Thailand. You will also learn the benefits and the pitfalls of setting up shop. I'll also touch upon a few business ideas and ventures that I think will work—and some that will not work. The advice in this article is based on my experiences as well as stories from foreigners who own restaurants and retail shops throughout Thailand and are living their dreams.

Have a Business Plan and an Exit Plan

Most frequent visitors or long-stay residents in Thailand have dreams and aspirations of opening a bar business in Phuket, a seaside bungalow resort in Koh Chang and even a coffee bar in Bangkok. Whatever business you ultimately decide to start, you have to seriously consider what you are going to be doing and—most importantly—have an exit plan if all fails. Sadly, many businesses started by foreigners do fail at a high rate, mostly due to unpreparedness in finances. But the potential rewards are great if you are up to the task and if lady luck smiles upon you with good fortunes.

While speaking to most bleary-eyed travelers I come across who want to open a business in Thailand, I can easily see within a few minutes that they really have no idea what they are getting into, especially when they don't have a business plan. But the most important plan they are lacking is the exit plan.

Starting a business in Thailand is not as hard as you would think, since the country is very capitalistic and extremely receptive to foreign businesses. And with a nation of spenders on the heels of China's explosive growth, Thailand is on the receiving end of an exploding middle class with cash to spend.

What You Need to Succeed as a Business-Owner in Thailand

Thailand has a lot of potential for a successful business if you:

  • Have a strong idea and business plan
  • Have ample supply of funds to start your business
  • Have a willingness to understand Thai culture and mentality and be open-minded, with a huge dose of patience

Before you read any further, my advice is that if you are a casual visitor to Thailand, you might want to stay in Thailand much longer to get a better feel of what you will be getting involved in—unless you have so much money that you don't know what to do with it (if that is the case, please write me a check). And whether you like it or not, you will have to learn the Thai language and perhaps even read Thai in order for your business to grow successfully.

Finally, you should assess your goals and think through your plan. If your wish and desire is to open a small business in Thailand with limited capital, you have to accept the fact that it might not make you a millionaire back home. However, if your business is successful, you can look forward to living very comfortably while enjoying life in Thailand.

Krispy Kreme in Siam Paragon - Opened by a wealthy Thai entrepreneur

Krispy Kreme in Siam Paragon - Opened by a wealthy Thai entrepreneur

How Much Money Does It Cost to Start a Business in Thailand?

There is no magic bullet figure. Though it is safe to say that the cost of opening shop in Thailand from start to finish is cheaper than opening one in your home country. Just keep in mind that the cost of opening up in Bangkok will cost slightly more, especially the cost of rent in prime locations which in the big city is higher compared to the rest of the country. But it is also where you can make the most money since the majority of the wealth is in Bangkok.

Manual labor and construction is very affordable. Once the shop is opened and depending on the type of business you are running; electricity, water, inventory and staff salaries are way more affordable compared to the United States. As of writing a salary of 8,000THB - 10,000THB is the norm for Thais working in restaurants, shops and department stores in Bangkok.

Sample Expenses

Here's a small example of expenses I pay for one of my coffee shops in Bangkok:

  • Staff salary: Full time 9,000THB/month | Part time: 4,500THB/month
  • Rent: Coffee shop 15sqm. 13,000THB/month
  • Expenses: Supplies and inventory 15,000THB/month (ice, cups, sugar, milk, coffee beans etc.). Of course this amount changes month to month.
  • Electricity and water 800THB/month total; water usage is cheap in Bangkok and air conditioning is already provided by the department store I'm renting from which is why my electricity bill is ridiculously low.

Those figures above are more or less rough estimates totaling 30810THB per month. If I take those numbers into account and compare it to my hometown of New York City my expenses would be about 250,000THB to 300,000THB per month.

This is essentially part of the reason why foreigners want to open shop in Thailand when they discover how affordable it is to open up their dream business. So they sell all their belongings including the dog, pack up their bags and never look back.

That could be a big mistake. A back up plan or exit plan or emergency plan is needed if the business fails. There is no guarantee for success in the Land of Smiles no matter how well you planned and executed your business. Besides planning your business financially you should plan on reserving a portion of your funds to return home if necessary. Be prepared, always have enough money for emergencies. This is true in your home country and it's even more true in Thailand.

Personally I have failed businesses in Thailand. I was prepared though so I learned from my mistakes and forged ahead.

Thais love eating cold sweets which also appeals to tourists too. Opening a shop that targets primarily local Thais and tourist secondary is the key to success.

Thais love eating cold sweets which also appeals to tourists too. Opening a shop that targets primarily local Thais and tourist secondary is the key to success.

Starting a Legal Corporation in Thailand

There are several types of corporations that you can set up. The type you choose should depend on how much you are investing or how well you know the people you are getting into business with. Remember, foreigners are not allowed to own 100% shares of any business in Thailand, unless you are a US citizen which you can read more about below.

The most popular way to start a business in Thailand is to register a business under a Thai person. This is what I have done and know a few others who've gone through this course.

However, the "Thai partner" by law must own 51% of the company which makes him or her the majority shareholder.

Obviously if you are going to register your business under a Thai partner, it has to be with someone you trust life and death with along with your hard earned money. That said, the majority of successful small foreign owned businesses in Thailand have started out this way. It's also by far the fastest way to set up shop and you may not even need to involve hiring a lawyer which cuts costs. Now I can't tell you how to find a Thai partner, especially one you can trust a substantial amount of your money with.

Foreign small business owners usually file a business under a Thai wife, Thai girlfriend or very good Thai friends/business partners that they have known for a long time with a good background.

All you have to do to register a business under a Thai person is to have your Thai partner head over to the governmental agencies with basic information such as type of business. Then you will need proper paper-works of where you will be doing business so a contract with a landlord is required. Then your partner will need to deal with a governmental agency involved with taxes and acquire any necessary business licenses. Believe me this isn't as hard as it sounds and depending on the establishment the process is very quick and easy for Thais. And if you will be setting some type of street side restaurant you will need to have your Thai partner head over to local police precinct and agree on rent payments, which is really not much, depending on size and establishment.

Types of legal corporations you can set up are Limited Thai Partnerships and Established Thai Partnerships, which still require you to have Thai partners along with your name as company shareholders. However foreign partners cannot own the majority share. There are ways to circumnavigate the rules such creating "dummy" Thai partners. But I wouldn't let this idea even cross my mind since the punishment involves heavy fines and imprisonment.

If you want to have your name on record as a company shareholder you should hire a lawyer who will be by your side to set up agreements with your partners. Remember, in Thailand, contracts written in Thai are contracts which take precedence over foreign written contracts. Since I have no experience in Thai partnerships I recommend a popular foreign run law firm called Sunbelt Legal Advisors based in Thailand.

Which ever route you choose to take it is imperative you let your Thai partner or representative do the majority of the negotiating when dealing with construction, buying a Thai franchise or buying a Thai business to acquiring inventory with local Thai suppliers. As a Westerner and especially if you are not fluent in Thai you will have a higher risk of being subjected to dual pricing, more red tape and unnecessary price haggling.

You can try opening a business in a BTS station, but space for rent is hard to come by now

You can try opening a business in a BTS station, but space for rent is hard to come by now

In Siam Paragon Department Store - Subway is a US Franchise

In Siam Paragon Department Store - Subway is a US Franchise

Treaty of Amity: A Must-Read for US Citizens

Treaty of Amity and Economic Relations is an exclusive agreement between Thailand and the USA. Signed in May 29th, 1968 it gives US citizens the right to own 100% of a company in Thailand and vice versa.

You will need a lawyer to help you facilitate and navigate the technical rules involved in opening up a business under the treaty of Amity and without saying you will still need a Thai national you can wholeheartedly trust with your best interest in mind. Starting a company under the Treaty of Amity costs double compared to starting other corporation types as well as the same scrutiny and governmental regulations as forming a Thai corporation.

I am a US citizen and I had the option to form my business under the Treaty. However after speaking extensively with a few US business owners operating under the Amity in Thailand it was explained to me that it took half a year to get the paperwork completed on the Thai end, and time was money. Though they enjoy the fruits of their labor today they would not have wanted to gone through the process again if given the choice. I am not trying to discourage any US citizens from trying to start a business under the Treaty of Amity in Thailand. It might be easier today with many professional law firms in Bangkok. Just make sure you have the right legal representation such as Sun Belt Advisers.

Why Are US Citizens so Special?

My theory is it must have had something to do with major US corporations not being too comfortable with the fact that they won't have total company control. I'm sure the big wigs in Coca-Cola or US car makers did not want any unwanted shareholders in their stakes in Thailand. With some lobbying in Washington they successfully had the US government squeeze out some sort of deal with the Thai government. Ahhh capitalism. Don't you just love it?

Start-up, Franchise or Buying a Business in Thailand

Depending on the type of venture, setting a start-up business in Thailand from scratch is fast and quick. For instance Bangkok has a lot of excellent designers who can help you create your dream store front at the fraction of the cost in the West. And construction is very fast since they work around the clock. Furniture, restaurant equipment and office equipment can be easily found and purchased at reasonable prices. If you need to find wholesalers in Thailand for all types of equipment, stock or inventory, head over to a book store and ask for a Thai business directory. These books are invaluable for finding the right contacts to start and acquire the necessary items to get your business on the right track.

Franchise opportunities are plenty in Thailand. Thai franchises are very affordable and if you are looking to invest in a Thai franchise there is a magazine you can purchase in most book stores. Inside you can find franchises for ice treats (very popular), noodle shops, spas and services. Then there are the international franchises. A popular sandwich shop franchise called Subways are popping up all over Bangkok. Many US franchises are very successful in Thailand. Matter of fact many are more successful here in Thailand then they are back in the USA.

Buying a business might require you to look for a broker so it can be a bit pricey especially when it involves hiring a lawyer and accountant to sort out the feasibility. Many businesses are put up for sale by Thais and foreigners whom for a myriad of reasons need to go home in a hurry or just gave up. The drawback to buying a business of course is that there is a reason why the seller wants to sell. The positive is you have a business ready in a box so all you have to do is nurture and grow it. Buying a business is a crap shoot though as many of the best profitable businesses for sale are usually swooped up by brokers themselves or by Thais with the inside information. Here is a company associated with Sun Belt legal called Sunbelt Asia and they do broker companies for sale. Regardless you must do your due diligence and check to see if the business you are interested in buying has legs to survive when the keys are handed to you.

US franchise Famous Amos Cookies - This shop is in a very expensive mall called Siam Paragon.

US franchise Famous Amos Cookies - This shop is in a very expensive mall called Siam Paragon.

Caution

If you work at a business you started in Thailand without a work visa such as a restaurant you may just get away with it without any consequences. However, if your restaurant is successful and your competition is suffering they just might make a call to the local immigration office and report you. The penalty is deportation and in extreme cases shutting down your business permanently. This is something to think seriously about.

Work Visa or No Work Visa?

It is strictly prohibited to work in a company in Thailand without a work visa. As a foreigner you are not even allowed to volunteer at a business you've funded. That means even if the company is under your name you will still need a work permit. There are monthly fees or taxes for work visas which cost a minimum of 5000 Baht. For a small business in Thailand that is a considerable amount especially when you multiply it by 12 months. It's one of the reasons why most foreigners register a business under a Thai person they trust and micro-mange covertly.

Since visa rules may change at a moments notice so it is best that you do visa research on your own. Again, speak with a Thai law firm for up to date information regarding work visas for foreigners.

I do not recommend searching on the web for answers because it may not be correct because rules and laws change.

You can stay on the business premise of course and have your Thai partner delegate. This is the reason why you and your partner must absolutely understand each other both fiscally and personally before you start your venture.

Business Ideas That Might Work (and Others That Won't)

There are many foreigners who want to open a business in Thailand and have the money (and hopefully an exit plan) but don't know what to start. Then there are those who have way too much money but have ridiculous ideas that in all probability will take off and profit.

The key to having a successful business in Thailand is to target the Thai demographics with only foreigners making up the smaller percentage of sales. For example there are many foreigners who have the idea of opening a go go bar or a small beer bar with ladies available for sexual services. It is the wrong way to go and I strongly advise against it. First and foremost there are enough of these venues. Then there are the moral and ethical reasons why you should not start such a business.

Finally if you decide to concentrate solely on foreign customers you are missing out on the much larger Thai customer base whom would never step through the doors of go go bars. And foreigners come and go but Thais are always loyal to their favorite places of business. So do not make the mistake of targeting the foreign market exclusively.

Consider this. Thailand has a tumultuous history with military coups and clashes against the government occurring once every decade. Once the ashes and rubble is cleared any businesses catering to foreign tourist may have suffered so greatly that it will take them awhile to recover.

Why Food Businesses Are a Smart Choice

The best business in my opinion is the Food Business. Here are 3 reasons why:

  1. Thais love to eat in groups
  2. Thai eating lifestyle is changing rapidly towards Western foods
  3. There are no kitchen appliances such as stoves and ovens in the majority of apartments and condominiums in Thailand

Eating is a communal affair and since the average Thai apartment is small it is not suitable for large friendly gatherings where everyone can eat comfortably.

Thanks to a bit of cultural imperialism from the West, eating on the go is becoming quite frequent for middle income office workers in Bangkok. Instead of grabbing a bowl of rice porridge with minced pork; many today are preferring small sandwiches, breads, bagels and pastries with a cup of coffee for breakfast. Through lunch and dinner you will find Thais dining in Western style fast food restaurants in groups.

But the reason that lit a light bulb in my head is that Thais living in city apartments and condominiums do not have a full kitchen. With so many people concentrated in one place they have to eat out.

Three Promising Restaurant Ideas

Here are 3 small restaurant ideas that I think might work:

  1. Buffalo Style Chicken Wings
  2. Pommes Frites (Belgian Style Fries with assorted flavored dipping sauces)
  3. Fast Food Trucks (Tacos, Waffles, Crepes etc.)

As a native New Yorker I noticed a lot of remarkable similarities between the Big Apple and the Big Mango which is what Bangkok is called in relations to New York City. Thais are big time foodies and will frequent their favorite eateries often and in groups. Buffalo Wings and Pomme Frits are easy to make along with the dipping sauces that accompany them. Thais and foreigners easily recognize them and there won't be a huge learning curve while teaching Thai staffs how to cook and prepare those dishes properly.

Mobile food trucks I believe are also a really good idea. It's very popular in the USA and I think can work very well in the Bangkok. There are a lot of clubs and discos in the city that open late in the night. If you park your truck outside a very popular club around closing time you will be rolling in the Baht as hungry young clubbers are usually those who try new things to eat.

Personally, I do not have the time nor the resources to open these businesses currently. But if you are interested in opening up these businesses just contact me and I'll offer my advice.

Conclusion

Having a successful business in Thailand as a foreigner is a great way to enjoy the country and live abroad. The potential for profits is high with so many Thai youths and a growing middle class willing to spend money.

One final thing you should think about is that Thailand has a history of political instability with military coups occurring every decade or so. Also at this moment foreigners living in Thailand long term are basically less than 2nd rate citizens and it doesn't look like they will be granted full rights as a Thai. Thai immigration laws can change for the bad, further limiting the amount of time a foreigner can stay in the country or create more legal red tape.

There is a lot of uncertainty to consider before thinking about opening a business in Bangkok, Chiang Mai, Pattaya or Phuket so give careful thought and plan carefully especially for the future. But if you are fully prepared, done your market research and know your business plan inside and out with plenty of funds for start up and exit then your rewards are great for a successful business in Thailand.

This article is accurate and true to the best of the author’s knowledge. Content is for informational or entertainment purposes only and does not substitute for personal counsel or professional advice in business, financial, legal, or technical matters.

Questions & Answers

Question: A US citizen that owns a Thai business under the amity treaty could then own land under that company, is that correct?

Answer: Yes and no. As a US citizen, the land won’t be in your name. However, it can be under the name of the Thai corporation. I recommend speaking with a Thai based law firm for more info.

© 2011 Edwin Clark

Comments

mark davis on August 07, 2020:

Good day,

i am voorhees philip,i want to invest in your business in good faith.i have equity capital for

profitable investment.i also offer private commercial and personal loans with very annual

interest rates as low as 3% within a years repayment duration period to any part of the world.

Do you need a credit at 3% interest rate per annual on the total amount you need funding or

50/50% equity partnership for a period of 1 to 10 years? i would like to know your choice to

enable us to proceed into negotiations.The maximum funding amount is $100million USD.

contact him with LINE ID:PHILIPVOOR

EMAIL:voorheesphilip@gmail.com

THANK YOU

VOORHEES PHILIP.

Sachindrarao on August 01, 2020:

Hi

Edwin

Interesting article

thanks, much appreciated.

I am doing my homework and doing the correct study to start the massage shop with my Thai girlfriend, this information will be very useful,

Thank you

duc on June 13, 2020:

hello, I am Russian man and met Thai lady in Phuket can you plese give me information on how to open a massage studio in patong

oottoo on June 13, 2020:

hello, how i can own bar with my thai girlfriend? can we bought of us be in partnership on that business?

Shafeeque on May 16, 2020:

This is so informative article about start a business in Thailand, I have some question that I want to ask so is there anyway I can find your email ?

RONGZHOU on April 10, 2020:

I live in California, I travel Thailand every 2 months,

I am very interested to opening a small business, such as bar, coffee shop But not by myself, i am looking for partnership, if anyone interested, please email me at : ssimtek@gmail.com

Thanks

Shajohn on April 10, 2020:

I live in California, I travel Thailand every 2 months,

I am very interested to opening a small business, such as bar, coffee shop But not by myself, i am looking for partnership, if anyone interested, please email me at : ssimtek@gmail.com

Thanks

Narendra on April 04, 2020:

Iam from India. I would like to start a food truck business (Indian style) in Pattaya. Any one interested pls support or suggest me which place is best

kamal on December 02, 2019:

i want to start bicycle retail shop

Dominic Xavier on July 31, 2019:

I would like to start a take away counter in pattaya chonburi for south & north Indian foods with some flavoures of juices.

Sandeep on June 27, 2019:

That was informative and nicely written..

Jadoda on June 14, 2019:

Great very helpful

A small question for me. What do you think about partnership thai person?

Do they genarally can be trust both male and female?

Ugo on May 27, 2019:

I'm interested in opening up a small coffee/ sweet treats shop in BKK. I noted on your post an estimate of 31000thb monthly running cost (just over $1000). But the start up and set up cost isn't mentioned. Any idea of the cost of opening such a business?

Firoz hossain on May 12, 2019:

I have my children by born in thailan.

But i am now in Banglades. Because i am born in Bangladesh

Edwin Clark (author) from Thailand by way of New York on April 30, 2019:

Depends on the type of business you’re starting. Without much further information I can’t really offer an estimate.

Chrisylvia on April 28, 2019:

How much cash is required to start the business

Jeff

and

Chad

Sandy US Citizen on December 18, 2018:

I am looking for a partner. Please send me an email if interested.

Gryph on December 06, 2018:

Nice article ... i plan to start a business . But have no partner yet

Jeff on November 05, 2018:

If I have a Thai wife, can I register the business on both my name and her’s?

I would appreciate if you can tell me more about food truck . It’s more economical and flexible

Zane on October 02, 2018:

Thank you for this information. It helped a lot. I’m not Thai, but I was born in Thailand, now currently living in the USA with an American citizen. I planned on moving to Chiangmai to open a business. This article helped a lot!!

Lena on August 29, 2018:

My dream is to open a coffeshop-coworking space in Chiangmai. And I even have trustworthy Thai friend. But all of this sounds so complecated and precarious...

Mb on August 11, 2018:

I want open logistics business in Bangkok, suggestions pls

Rafeeq on June 27, 2018:

Thanks, Edwin.

Shashikant Pawar on June 24, 2018:

Dear Edwin

thanks a lot for your brief idea regarding business plan.

You have covered almost all the points.

thanks a lot once again for this worth read article

Martine on May 19, 2018:

Hello, we are two Australians wanting to start a small meditation workshop retreat. With possibly a side health cafe. My brother is a US citizen would it be allowed to put the business in his name and we get working visas to run it?

Nitin soni from India on May 18, 2018:

Thank you

your advice is fantastic and helpfull

I want to open hotel in Pattaya near walking Street on lease but I don't know how and where to check can u help me?

Vikram singh on May 17, 2018:

I have an small business plan so i have to ask you that can i sell daily need things to seven eleven and family mart. That things which i Bring from my home country india

ORACLE on March 27, 2018:

Forget it...this has been tried and tested in thailand before the OP was even born...heres a few ways youll get burned at the stake...revoking your business visa cause your eating into thai peoples livelihood...being hustled by cops and local riff raff...thai workers stealing at every possible chance...juntas and political unrest changing laws at a whim(look at the "thailand elite" phuket some very badly burnt farangs".. thai wife double dipping ..shagging..feeding close relatives all behind your naive back...your a fool if you think any different...land of smiles..in every respect,,INCLUDING BENDING YOU OVER FOR ALL YOUR WORTH!

Kieran on March 21, 2018:

Loved this article. Thanks

DIPAK KUMAR on February 15, 2018:

Thank you!!!!

It's really very nice & honest opinion.

The writer has touched almost all the area for business opportunity & it's easier establishment.

Thanks again!!

Abdullah Jaleel on January 31, 2018:

Extremely useful information.

Appreciated.

Arun kant on November 29, 2017:

Thanks , very useful information .

Robby on November 18, 2017:

Are you sure 8000 baht staff salary? No body work 8000 baht montly in Bangkok. It's 12000-13000 baht full time worker salarys.. And shop rental price 15m2 area start 20-25000 baht in central.. Your comments are fantastic :)

thx45 on September 17, 2017:

Great article but I think that stating that 'Thailand is extremely receptive to foreign business' is very misleading.

You even explain how foreigners can't own businesses, and how even your coffee shops are legally owned by Thai people, and you just manage them covertly.

That is not the definition of being receptive to foreign business. I love Thailand but no need to twist reality; Thailand is not receptive to foreign business, and the insitutionalized racism in the country is certainly annoying.

Amir ghassemi on August 19, 2017:

Hi dear

I whould love to open bar and some room or banglour to rent in phuket area i want to kniw how much capital do i need to open a such a business and how much legal fees gone be please advise me as i want to involve two friend to go partner with me i need a advise for how to set up from begine to the end i love you master and god bless you

Your sincerly amir ghassemi

Firdous Mohammad on June 08, 2017:

Thanks for the information.I have a plan to start a Guest house Business over there. But its not easy to trust a unknown person in the name of money. So first we have to stay there and survey after that we can proceed.

Jason on April 25, 2017:

Very interesting read there mate, kudos if this article is still being read some 6 years on.

Just my 2 cents but I'm considering a service laundry business as an option, especially considering most people live in apartments and are too busy/don't want to do their own washing.

Definately helps if you have a Thai partner/spouse to set up the legal side of things.

Sanjiv Chandalia on April 22, 2017:

Very useful information about Thailand. Article inspirerend me to start business at there.,as I'm a person of challenge....

Torey on April 01, 2017:

Hey there,

How feasable do you think it would be to buy a classroom sized piece of land, build a classroom, and open a tutoring center there?

I've been living in a small town in Thailand for almost 2 years teaching English at a school here, can speak Thai well but not yet fluent, and am known and liked by a lot of my students.

Ally Jorjy on March 25, 2017:

Hi edwin . About street vendor selling i want to know if i should apply for a working visa or registering a company in order to work or is it better to completely hire a trusted local thai to sell for you with your tourist or ED visa .

sheikh mohammmad firdous on February 28, 2017:

thank you for your advice. i was actually planning to start a business in bankok. now i got an idea from your blog how to do. thanks for that...

AJAY SANON on February 28, 2017:

hello

I am from India , I want to open a whole sale & retail store of garments in Thailand . I have my own production of cotton garments in India. so can you please tell me is possible to start a store in bangkok or pattaya. what will be the legal procedures & how much will be the initial investment.

KhunDon on February 18, 2017:

Hi please check my email to you! Thanks!

Kieron Delaney on February 07, 2017:

Dear Edwin

Thanks for this article it was very informative.

I'm thinking of the buffalo wings idea with different dips.

I will keep you posted.

I will need some more information re house rentals in Thailand please.

Kind Regards

Kieron

melissawoon on February 06, 2017:

Hi Edwin,

Thanks for the post. I am planning to start a business in Bangkok and require some help. However, I couldn't find your email address to contact you.

paul on February 03, 2017:

well I have to say that was one of the best posts ive seen on business in Thailand I do however have a couple of questions in which I would like to ask you if possible as you seem like a very informative person.

Kademanlohner on January 25, 2017:

I've worked for Dutch Bros coffee in the Pacific Northwest for some time and would franchise if I didn't have to stay in america once I did. I have spent a great deal of time in Thailand and would love to open up a similar business there. Any advice would be greatly appreciated.

Joe from Sydney on January 15, 2017:

Hi Edwin,

A fantastic well written article that makes sense, is easy to understand and informative. Thanks for taking the time to share your experience and knowledge and being so honest with the pros and the cons.

Wingman1 on January 01, 2017:

Sorry and lastly would I have to employ 4 Thai people if i wanted to also work front end and have a valid visa? And does this change if is a specialist job eg foreign cuisine requiring a foreign cook?

Much appreciated

Dan

Wingman1 on January 01, 2017:

https://toughnickel.com/starting-business/How-to-S...

Wingman1 on January 01, 2017:

Hello Edwin

5 Year old article and still going strong, nice work.

Just wanted to ask if there are any other options available for establishing a Thai partnership if I don't know anyone from Thailand? Eg with a lawyer! Does the law on this matter require an actual relationship of some sort?

Also would you mind explaining the legal differences and implications between street food set up, food truck and snack bar?

Much appreciated

Dan

massimo massucci on December 30, 2016:

Hi Edwin i live in Phuket since 5 years and me and my wife , great cooker, would like to open a small businnes using truck for selling food. Can you suggest a good company that sell trucks customized?

Thanks for reply 0927214448

Massimomassucci@mac.com

Samuel on November 19, 2016:

I am running a successful Web Designing and Software Services Company in In India. I have a Thai Friend, I can trust. I want to open a Web designing and software Development Company In Bangkok. As per my research a lot of new businesses open every day in Bangkok and all of them need a web presence. So I think, this business venture will work. Please tell me how much it will cost to rent out a small decent looking office with capacity of sitting 20 software professionals (total staff)? Secondly, I am planning to hire Thai Business Development Executives who can talk to Thai locals and English Speaking Thai Marketing Executives who can talk to Non Thai Business Owners to bring business to the company, so how much is average monthly salary of such guys/girls in Bangkok ?

What you think about my business idea keeping in mind Bangkok and market status?

Any suggestions for me to keep in mind for opening a technology start up ?

Any special license or registration needed for setting up a software company?

Mike on November 18, 2016:

Hello Edwin.

Your article is nicely put together and very informative.

My elderly retired parents (Australians), can maintain their Australian pension (in full) and live in Thailand.

They want to purchase two villa's, live in one and rent the other.

I am considering joining them (I am 44) and a fully qualified certificate 3/4

"Personal Trainer", I would ask if I can run my own (home based) business

from my parents residence (or other villa)?

Thanks for any comment.

Nab on November 15, 2016:

I would like to start a small cosmetic business with my trusted thai girlfriend. I will be supplying her with the products from abroad. As it is a small trading business we will not have any staff, however, I have seen somewhere that to start a business in Thailand as foreigner you need to have at least 4 thai employees. is that correct?

Richard from Thailand on November 10, 2016:

Love these blogs, thanks for collecting all of these together, We are famous Manufacturer and Wholesaler of top of the line gemstone and Diamonds jewellery, supported by group of very experienced people.

kevin on November 09, 2016:

super good information

Edwin Clark (author) from Thailand by way of New York on October 17, 2016:

Hi Michael,

Click on my name next to my profile pic. Then look on the right and you will see"Fan Mail". From there you will find how to contact me via email.

Cheers,

Ed

Edwin Clark (author) from Thailand by way of New York on October 12, 2016:

Ali,

Usually foreigners starting a small in business Thailand have a Thai spouse, girlfriend or boyfriend.

I do not recommend partnering with a Thai that you have not known for a very long time even if both parties sign a business contract.

sachinmahadik on September 22, 2016:

Hello Edwin

Your blog is very informative. How does Thailand competes China in manufacturing ???? especially electronics.

Edwin Clark (author) from Thailand by way of New York on September 16, 2016:

Hello Everyone!

Amey, cosmetic business is the best business in Thailand. If your products are proven and effective and you have some marketing power you can do very well. Thai women are the big spenders on cosmetics.

Karan I'm not a real estate specialists. Best you speak to a realtor in Pattaya that can better help your unique situation.

Andrew, for Thai citizens it is absolutely easy to open a street food shop. If you're not a Thai citizen it's a different story. You can even go to jail or get deported if you're on a tourists visa.

Normally for local Thais they just go to the local police precinct and sort out the details.

Kumar you can find my email address by clicking on my profile picture find Fan Mail and you can contact me there.

Regards!

Edwin

Kumar on September 16, 2016:

Hi edwin,

Im a Malaysian..been to Thai a few times now..

I have some questions on business start up in krabi..could u pls provide ur email address?

Thanks in advance.

Andrew on September 16, 2016:

Hello! How can I find place for open small street food shop? I need place outside, just space on the street for put street food equipment. Thanks.

karan singh on September 13, 2016:

hi Edwin, i m from india want to start business of sevice apartments in pattaya as i have experience of 20yrs in hotel industry in operations.will i be able to hire a villa with swimming pool close to beach . Do i have to take some licence or permission from local authorities.Hiringa villa of 4rooms with pool will be a problem. As i have clientele from U.S. and india. Do i need a thai partner for that.What visa i have to apply for . can i do this on tourist visa or non immigration visa B. and then apply for business visa.

Amey on September 10, 2016:

how about opening cosmetics shop in Thailand

Edwin Clark (author) from Thailand by way of New York on September 03, 2016:

Jun,

I'll do my best to offer advice. Depending on what you want to do, $8000SGD your options may be limited.

Regards,

Ed

JunHong on September 02, 2016:

hello, i seriously need some advice. i'm a singaporean and i would like to setup a business over at bkk. i need some advice as my capital is roughly $8000 SGD.

arnab das on August 25, 2016:

Hello

I am Arnab Das from India want to start a small Indian fast food business in bangkok area as initial experiment how that business goes . Therefore i need a small 100 s.feet rental shop which is must be located on road front.Here in India i have running my own two gymnasium business (Fitness academy).June 2016 i had been Thailand for few days vacation trip and i found there are lots of space for investment so i am showing the same.

hope i will get a serious feedback from your side very soon.

Thanking you.

Asit Aggarwal on August 14, 2016:

I need to ask you about food trucks and food franchisees pls tell me your email id as I can't find it here..regards

Arpit on June 17, 2016:

if i want open restaurant need license or need thai partner

Lara on May 03, 2016:

Hi Edwin. I came across this article and we are interested in starting a business in Bangkok. We have stayed there for a year and have several Thai friends who also owns businesses. Can you give us a ballpark figure for the cost to start a business, probably a small coffee shop. Thank you!

P.S. I tried searching for your email but failed =(

jan on December 28, 2015:

hi ED,

i am a pakistani national.

and i visited thailand twice during my vacations.

i have thai girlfriend government officer now i want to settle in thailand, she is ready to assist me in everything.

what would be a good small business that i can start with a sum of half or a million bhat?

looking forward for your good and friendly advise.

presently i am in suratthani thailant.

thanks & regards.

Kusowski eric on December 15, 2015:

Hello Edwin,

I do have few questions for you and i need your advices.

I'm thinking about opening a food truck business sur Chiang Mai. Have my trustfull thai partner. The problem is i want to work (i'm the cook) but we don't need 3 thai employes as requested and don't have the 2 millions bath investements for the work permit. Is there an other way? (Around?)

Like renting the money for apply the work permit...

Thank you

kuso_3@hotmail.fr

Alam on December 01, 2015:

Dear Edwin,

This is Alam from Pakistan. I have visited Thailand two times recently. I wish to start small business in Bangkok. I have 300000 Thai B capital. Can I register company, work permit and establish small business in Bangkok.

Can you guide me in this regard. I will be very thankful to you.

Regards

Alam

numtmax on November 03, 2015:

Interesting

Zaton-Taran from California on September 23, 2015:

This is one heckuva winner on starting a business in general - and even more so in The Land of Smiles. Wow - dedicated and informative hub; I enjoyed reading about the ins-and-outs and treaty information. Voted up! I do wonder if there is help for funding start-up business in Thailand, such as might be found in the States - https://hubpages.com/business/Starting-a-Business-...

Covington Professional Resume Services LLC from Philadelphia, PA on June 03, 2015:

Very good article. The Phi Phi islands are one of the most beautiful places on earth.

craig urban on April 10, 2015:

Good article. Craig Urban CW4 USA Retired. Check me out on Facebook. I give personal advice for all that ask. Especially freedom fighters like me who served there country. Any country as long as they are a freedom fighter. I speak most of the Germanic languages including a little Gaelic. Seen 44 countries serving my country and all 50 states of the USA. Go Army. Be all you can be. I am a testament. I do not need a personal advisor on stocks and bonds. I now what goes up and down.

Edwin Clark (author) from Thailand by way of New York on March 04, 2015:

Clara, although I think more Thais are becoming health conscious , your customer base might be limited. Sathorn district has a good mix of expats and middle classed Thais who may be interested.

But restaurant business in Bangkok is very difficult as it is in most big cities all over the world. Do you have any experience? And you should have a big budget. Plus if you'll need a Thai partner too you can trust which is probably the biggest obstacle if you don't have one.

Clara Di Apalis on March 03, 2015:

Hello Ed,

I am an MBA student, and thought of the concept "low Calorie restaurant" which emphasize on customer who are health conscious and dieting, middle scale restaurant around Sathon district , Bangkok. would this work? Best, Clara

Joe Baroud on January 27, 2015:

Hello, i am looking to rent a kiosk or small shop in Bangkok for fast food. the areas i am looking for, are: silom ,sathorn ,asok phromphong sukhumvit ,chatuchak .,nana soy 4.any help please?

my email "joebaroud@hotmail.com

Regards,

Joe

Sergio on January 21, 2015:

Hello,

I don't know if you can help me.

I develop software for restaurants (menù, tables, orders, payments, for pos pc tablet and smartphones) in Italy

I need to know if my the software require a certification from the Thailand government or i can sell without problem.

Thanks in advance

Tanveer on August 17, 2014:

Hello Edwin,

I am unable to find your email id, can you please share it here or email me at tanveer_k81@yahoo.com

Alex Borghi on August 13, 2014:

Hello, thank you so much for your information here. Im a photographer and teacher in NY and im planning on moving to Thailand. I planning on working with photography studio and also photo tours, workshops. Do you think that i need a business license if i have a home based studio? thank you so much. here is my website. www.alexborghi.com

Lakshore Sk from Calicut, India on August 11, 2014:

can i start a restaurant business with $ 15000(us $) in pattaya

Rune on July 29, 2014:

Hi !

Im from Norway and dont have any thai partner .

But my uncle is married to a thai and want to start up with me . Can she do that ?

She lives i Norway ...

My father lives in Bangkok and will run my business , I'll come down 3-5 times a year

andy killick on July 10, 2014:

please can I have you email address as I have a idea or two and one was giving to me by a Thai person who runs an insurances broker over here and study in England , but I would very much like your opinion

Angie on June 04, 2014:

Very informative and helpful article - thank you. My husband and I are thinking about relocating from South Africa to Koh Chang and would appreciate any advice regarding buying a business there. We have looked at backpackers and guesthouses. Ideally we would like to first manage one for a while before making the full financial commitment. Not sure if this is an option.

amitk1981 on April 04, 2014:

related to this post i have looked at the various questions lots of people have been asking about food business in thailand . i currently own a food cart which serves indian as well holland food since my partner is from holland .ive been to pattaya 17times in more than 2 years before as a tourist but later i too felt that can do some business over here.the first thing u need is a good lawyer who can make u understand all the laws regarding business in thailand . u have to start a company it depends if u want 2 million baht capital or 4 or 6 .u dont have to actually show this money in ur account ur lawyer does that for u . for 2 million they would charge 10,000 baht for 4 20,000. they will ask u to select the name of the company as u wish .once ur company is formed then comes the licence . the food licence and alcohol licence which is cheap and can be done at pattaya city hall. if u r getting a chef who is a foreigner then u will have to get a work permit for him . it will generally cost 30,000 baht for that .i know majority of restaurants have chefs working illegally as they bribe the immigration .but u need to play safe as its a competition business . the entire procedure looks complicated but it is not .i also own a restaurant which does indian food take away . if u have any queries regarding business in pattaya can let me know. amit_n_2k@hotmail.com

Pratik Ashar on March 18, 2014:

Are you still interested in being part of some business. If yes please reply to this post

Curious George on March 02, 2014:

Just curious... say someone stumbled upon millions of dollars in winnings (this person happens to be a US Citizen)... could they open a fake business (no real customers) and pretend they're making profits?

All for the sake of living in Thailand for the rest of their days in leisure?

Biju Ashok on March 01, 2014:

Biju Ashok

Hi my name is Biju Ashok from india .I am starting a brew pub in Thailand. I want a business partner. I know about all details about brew pub .my management team is very experienced guys. Anyone interested please contact me my email address bijusashok@gmail.com mob.08943100000..

My company name Biju Brewary pvt ltd.

Biju Ashok on 3/1/2014 4:20:10 AM

Location of the project The project is proposed to locate in the city of bankok or puhkat or pattaya..

Eugene on February 22, 2014:

Hi Ed,

Your article is pretty interesting. I was thinking to set up a portal or a website to promote local cuisines to foreigners something like what and where can you eat with only 500 baht a day in Thailand. And then income will come from advertisers which advertise on my page or portal. What do you think??

nickolas batsos on January 26, 2014:

hi edwin

i have my thai girlfriend a we have a little girl together i would like to open a small shop in bangkok may be a coffee shop can you help

heng hokchhun on December 21, 2013:

can you explain me about guide to do business in Thailand?

and about business cautions in Thailand

Yannis janssens on November 23, 2013:

Hi Edwin, love your website and advice.

Being from Belgium and resided in theUS for the last 10 years.

Am planning to open a private school to teach european pastry and chocolate classes. Preferably in a central location e.g Sathorn.

Any suggestions on purchasing floor versus renting?

And how about licenses? any advice?

Kindly regards

Yannis.janssens@gmail.com

---- on November 15, 2013:

This is Crazy, I mean. Invest and just depend on luck. Work hard to get legal documents and then if business drop, you are lost.

Even I think of open a coffee shop. But not on my name and not in Bangkok. Let everything legal on Thai Person, And Higher them itself for working. No rent to pay. First find place to buy on Thai person. And enjoy life in Thailand. Business fails or not no worry whatever you buy, can re-sale to others. And also I will try to buy everything secondhand in Good Condition. no franchise no any other matter. Just one thing i have to remember. Find place outside bangkok - A tourist spot. If you know such place? Let me know... LoL. (I laugh cause, I feel idea is great but hard to find everything most cheap.)

Stephen on October 02, 2013:

Hi Ed......great article, very informative !!

I have been having ideas to start a small Supermarket / Mini mart business in Thailand and wanted your suggestions and advice. Can you provide me your email address so that I can share my plans with you in details or if you can contact me on cruzethai@gmail.com would really appreciate it.

Regards

Stephen

Prasanna kohli on September 24, 2013:

Hi edwin clark...i read ur article is very good and impresssive..i hv been to thailand couple of times and just love the country..i am from india..well i looking to start small food business in bkk or some sea coast area..actually i can cook many cuisines so i think i can make good money by serving good variety food to people of thailand what kind of paper work i will require i want to rent small shop i hv one thai friend to help me in papers for work permit but u help me i need ur advise thnks

forid on July 04, 2013:

hi, i am from Bangladesh.i am interested start business in Thailand with $13000 .is it possible.