Can I open a restaurant in Thailand?
The bad news that you can’t just easily and legally run a 100% foreign owned restaurant in Thailand, because the bar and restaurant ownership in Thailand is subject to the rules and regulations contained within the Foreign Business Act. The only one way is to find Thai partner who you can trust and open a Thai company.
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 much money do I need to open a small restaurant?
The average restaurant startup cost is $275,000 or $3,046 per seat for a leased building. Bump that up to $425,000 or $3,734 per seat—if you want to own the building. Our restaurant startup cost checklist breaks down all the costs you’ll need to consider to make your dream a reality.
Do you need any license when operating a restaurant business in Thailand?
The operation of a restaurant requires a license, that is, a permission by the Thai government. There are two types of government permission with regards to restaurant businesses, (1) the restaurant license and (2) a certificate of notification.
How much money do I need to start 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.
Can I buy a business in Thailand?
Even the Thai government would welcome the building of new businesses to earn income and to contribute to the Thai economy. Under normal circumstances, comparing to Western standards however, a foreigner cannot truly own a business in Thailand to a 100%, extent.
Can I be self employed in Thailand?
You can’t simply sign up as being self-employed like you would back home. And in any case, the majority of online workers are registered as self-employed back home. The reality is that the moment you conduct any type of work online in Thailand, you are technically breaking the law.
Can I live in Thailand permanently?
Obtaining status as a Permanent Resident (PR) in Thailand has many advantages. It allows you to live permanently in Thailand, with no requirement to apply for an extension of stay. … You will also be able to apply for an extension of stay and Permanent Resident status for your non-Thai family members.
What is the best business in Thailand?
Here is a list of 12 profitable businesses in Thailand that is worth considering for investment during 2020-2021.
- Baby care. The global baby care industry is expected to increase at a rapid rate. …
- Brewpub. …
- Catering business. …
- Delivery business. …
- Digital Marketing. …
- Driving School. …
- Import and Export Business. …
- Graphic Designing.
How can I open my own restaurant?
How To Start A Restaurant In India
- Decide the concept of your restaurant.
- Get investment to fund your restaurant business.
- Evaluate restaurant costs involved.
- Decide the location of your restaurant.
- Get all the licenses required to start the restaurant business.
- Get the workforce for your restaurant business.
Are restaurants profitable?
Are Restaurants Profitable? Yes, restaurants are profitable, but they have low profit margins. Profitability depends on many factors including the size and type of restaurant, as well as economic ones. It takes an average of two years for a new restaurant to turn a profit.
What is the most profitable business?
Most profitable small businesses
- Auto repair. Taking a car to the shop for even simple repairs can be a challenge. …
- Food trucks. …
- Car wash services. …
- Electronics repair. …
- IT support. …
- Personal trainers. …
- Newborn and post-pregnancy services. …
- Enrichment activities for children.
How do I get a liquor license in Thailand?
Application require the applicants company’s registration documents, evidence of the restaurant/bars address, copies of the house registration papers for the restaurant/bar or authorization of the premises lessor or a copy of the rental or lease agreement, identify documents of license holder and other documents.