How To Start Your Own Business In T

How To Start Your Own Business 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 live 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 is not allowed to fully own a company; except for US citizens under the US Treaty of Amity. And they wonder how much it cost 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. In this article I will explain what you have to do legally and what you should expect while operating a business in the Thailand. You will also learn the benefits as well as the pitfalls of setting up shop. I’ll also touch upon a few business ideas and ventures that I think will work and will not work. The advices in this hub are based on my experiences as well as stories from foreigners who own restaurants and retail shops throughout Thailand and living their dreams. 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. 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 Willingness to understand Thai culture, 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 having a very comfortable living while enjoying life in Thailand.
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 6,000THB – 8,000THB is the norm for Thais working in restaurants, shops and department stores in Bangkok.
Here’s a small example of expenses I pay for one of my coffee shops in Bangkok:
• Staff salary: Full time 8,000THB/month | Part time: 4,000THB/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.
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.
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 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 involoved with taxes and acquire any necessary business licenses. Believe me this isn’t as hard as it sounds and depending on the establishement 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.
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 di

ผลลัพธ์ (ไทย) 1:

วิธีการเริ่มธุรกิจของคุณเองในประเทศไทยHow 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 live 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 is not allowed to fully own a company; except for US citizens under the US Treaty of Amity. And they wonder how much it cost 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. In this article I will explain what you have to do legally and what you should expect while operating a business in the Thailand. You will also learn the benefits as well as the pitfalls of setting up shop. I’ll also touch upon a few business ideas and ventures that I think will work and will not work. The advices in this hub are based on my experiences as well as stories from foreigners who own restaurants and retail shops throughout Thailand and living their dreams. 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. 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 Willingness to understand Thai culture, 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 having a very comfortable living while enjoying life in Thailand.How Much Money Does It Cost To Start A Business In ThailandThere 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 6,000THB – 8,000THB is the norm for Thais working in restaurants, shops and department stores in Bangkok.Here’s a small example of expenses I pay for one of my coffee shops in Bangkok:• Staff salary: Full time 8,000THB/month | Part time: 4,000THB/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.Starting a Legal Corporation in ThailandThere 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.
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 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 involoved with taxes and acquire any necessary business licenses. Believe me this isn’t as hard as it sounds and depending on the establishement 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.
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 di

ผลลัพธ์ (ไทย) 3:

วิธีการเริ่มต้นธุรกิจของคุณเองในประเทศไทย
วิธีการเริ่มต้นธุรกิจในประเทศไทย คือ หัวข้อส่วนใหญ่มักจะนำขึ้นโดยคน ซึ่งได้กลายเป็นที่ตรึงตาตรึงใจกับวิถีชีวิตของพวกเขามีประสบการณ์ในราชอาณาจักร มันเป็นวิธีที่พวกเขาเชื่อว่าพวกเขาสามารถอยู่ในประเทศนี้อีกต่อไปในขณะที่ทำให้ชีวิตสะดวกสบายในประเทศไทยแต่พวกเขาจะไม่ตระหนักว่า ชาวต่างชาติที่อยากเปิดร้านในไทยไม่อนุญาตให้ครบ เจ้าของบริษัท นอกจาก เราประชาชนของเราภายใต้สนธิสัญญามิตรภาพ และพวกเขาสงสัยว่าค่าใช้จ่ายในการเริ่มต้นธุรกิจในกรุงเทพมาก เชียงใหม่ หรือในใด ๆของชายหาดที่งดงามตามชายฝั่งทะเลที่สวยงามของประเทศนอกจากนี้ยังมีความแตกต่างทางวัฒนธรรมและขอบเขตของกฎหมายที่ต้องพิจารณาก่อนที่จะวางแผนที่จะเปิดร้านในไทย ในบทความนี้ผมจะอธิบายสิ่งที่คุณต้องทำตามกฎหมาย และสิ่งที่คุณควรคาดหวัง ขณะที่ธุรกิจในไทย นอกจากนี้คุณยังจะได้เรียนรู้ประโยชน์เช่นเดียวกับการผิดพลาดของการตั้งค่าร้านค้าฉันยังสัมผัสเมื่อไม่กี่แนวคิดธุรกิจและกิจการ ที่คิดจะทำงานและจะไม่ทำงาน คำแนะนำในศูนย์นี้จะขึ้นอยู่กับประสบการณ์ของฉันรวมทั้งเรื่องราวจากชาวต่างชาติที่เป็นเจ้าของร้านอาหารและร้านค้าปลีกทั่วประเทศไทยและอาศัยความฝันของพวกเขา มากที่สุดผู้เข้าชมหรือพักยาวที่อาศัยอยู่ในประเทศไทย มีความฝันและแรงบันดาลใจของการเปิดธุรกิจบาร์ภูเก็ตทะเลบังกะโลรีสอร์ทในเกาะช้าง และแม้แต่กาแฟในกรุงเทพ สิ่งที่ธุรกิจที่คุณที่สุดตัดสินใจที่จะเริ่มต้นที่คุณต้องพิจารณาสิ่งที่คุณจะทำ และที่สำคัญ มีการออกแผนถ้าทั้งหมดที่ล้มเหลว น่าเศร้าที่หลายธุรกิจเริ่มโดยชาวต่างชาติทำล้มเหลวในอัตราสูง เพราะส่วนใหญ่ที่ unpreparedness ในการเงินแต่รางวัลอาจจะดีถ้าคุณได้งาน และถ้าเลดี้โชคยิ้มเมื่อเธอกับโชคชะตา ในขณะที่พูดกับตาผมพร่ามัวมากนักเจอใครอยากเปิดธุรกิจในไทยผมเห็นได้อย่างง่ายดายภายในไม่กี่นาทีที่พวกเขาจริงๆมีความคิดสิ่งที่พวกเขาได้รับในโดยเฉพาะอย่างยิ่งเมื่อพวกเขาไม่มีแผนการธุรกิจแต่ที่สำคัญที่สุดคือแผนแผนพวกเขาจะขาดออก การเริ่มต้นธุรกิจในไทยไม่ยากอย่างที่คุณคิด เพราะประเทศเป็นนายทุนและอ่อนไหวมากกับธุรกิจต่างประเทศ และกับประเทศของ spenders บนส้นที่ของการเจริญเติบโตของจีน ไทย เมื่อสิ้นสุดการรับของระเบิดชนชั้นกลางด้วยเงินสดที่จะใช้จ่ายประเทศไทยมีศักยภาพมากสำหรับธุรกิจที่ประสบความสำเร็จถ้าคุณมีความคิดที่แข็งแรงและแผนธุรกิจมีอุปทานเพียงพอของเงินทุนเพื่อเริ่มต้นธุรกิจของคุณและเข้าใจวัฒนธรรมไทย จิตใจ และมีใจที่เปิดกว้างกับปริมาณขนาดใหญ่ของความอดทนก่อนที่คุณจะอ่านเพิ่มเติมใด ๆผมแนะนำว่า ถ้าคุณเป็นผู้เข้าชมสบาย ๆของประเทศไทยที่คุณอาจต้องการที่จะอยู่ในประเทศไทยนานกว่าที่จะได้รับความรู้สึกที่ดีกว่าสิ่งที่คุณจะได้รับด้วย ถ้าคุณมีเงินมากจนไม่รู้จะทำอะไรกับมัน ( ถ้าเป็นกรณีนี้ กรุณาเขียนเช็ค )และไม่ว่าคุณจะชอบหรือไม่คุณจะต้องเรียนรู้ภาษาไทย และอาจจะอ่านในไทยเพื่อให้ธุรกิจของคุณเติบโต เรียบร้อยแล้ว สุดท้าย คุณควรประเมินเป้าหมายของคุณและคิดว่าแผนของคุณ ถ้าคุณต้องการและความปรารถนาที่จะเปิดธุรกิจเล็ก ๆ ในประเทศไทย มี จำกัด ทุนคุณต้องทำใจว่ามันอาจจะไม่ทำให้คุณเป็นเศรษฐี กลับบ้าน อย่างไรก็ตาม