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 much does it cost to open 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 do I start a restaurant in Thailand?
Step By Step Process Of Setting Up A Restaurant Business In…
- Step 1: Choose the business location. …
- Step 2: Finalizing Company Structure And Initiating Registration. …
- Step 3: Appointing A Thai Director. …
- Step 4: Register The Company With Ministry Of Commerce. …
- Step 5: VAT and Tax Registration.
How much does it cost to open a cafe in Thailand?
There are cheaper Thai coffee franchises that can get you from ground up to running for around 150,000THB for a small café.
Do you need any license when operating a restaurant business in Thailand?
Restaurant – Food & Alcohol Licenses
If you are operating a restaurant or bar with the area larger than 200 square meters, you will need to apply for the food and/or alcohol (retail) license for your company whereby the license certificates should be placed in a visibly located area of the restaurant or bar.
Can foreigners start 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.
How can a foreigner start a small business in Thailand?
The Step-by-Step Guide to Starting a Business in Thailand
- Pick a Type of Business. …
- Check Out Thailand’s Foreign Business Act. …
- Learn About Incentives and Benefits Provided by the BOI. …
- Apply for Visa and Work Permits. …
- Register Your Company. …
- Sort Out Your Paid-Up Capital and Open a Bank Account.
Is Thailand a good place to start a business?
Thailand is ranked as the 21st easiest place for doing business in the entire world as per World Bank’s 2020 ranking which includes ease of doing business from the bureaucratic procedures and the application process and costs involved.
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.
How do I get a Thai business visa?
How to Apply for a Thailand Business Visa?
- Contact the Embassy or Consulate. …
- Collect the required documents for a Thai Business Visa.
- Submit the Thai Business Visa application. …
- Wait for the Embassy/Consulate staff to process your visa application.
- Retrieve your passport and documents.