Quick Answer: Can a foreigner open a restaurant in Thailand?

Can a foreigner own a restaurant in Thailand?

Opening a restaurant in Thailand seems to be tough because there are a huge number of restaurants all over Thailand and it is really hard to compete against the Thai people since Thailand has a foreign business law that prohibits foreigners from doing most businesses.

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 do I open a restaurant in Thailand?

Step By Step Process Of Setting Up A Restaurant Business In…

  1. Step 1: Choose the business location. …
  2. Step 2: Finalizing Company Structure And Initiating Registration. …
  3. Step 3: Appointing A Thai Director. …
  4. Step 4: Register The Company With Ministry Of Commerce. …
  5. Step 5: VAT and Tax Registration.

Do you need any license when operating a restaurant business in Thailand?

Restaurant – Food & Alcohol Licenses

THIS IS UNIQUE:  Why is Filipino Heritage Month in October?

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 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 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.

Can a foreigner be a sole proprietor in Thailand?

A business owned by one person with unlimited liability is known as sole proprietorship. … For foreigners, sole proprietorship is only allowed if they are covered by the United States – Thailand Treaty of Amity and Economic Cooperation. Otherwise foreigners are not permitted to operate this type of business.

How a foreigner register a company in Thailand?

How to Set Up a Thai Limited Company as a Foreigner

  1. Ownership Requirements for a Thai Limited Company. …
  2. Reservation of the Company Name. …
  3. Filing a Memorandum of Association. …
  4. Registering the Company. …
  5. Registering Tax ID and VAT. …
  6. Operational Licensing. …
  7. Social Fund Registration. …
  8. Obtaining Work Permits.
THIS IS UNIQUE:  Can I learn Muay Thai at home?

What business can I start 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 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.

What is a good salary in Thailand?

Thailand has a salary range of 24,500 THB (734 USD) to 433,000 THB (12984 USD) in a month. And its average monthly salary is 96,900 THB (2904 USD). The country has a median salary of 103,000 THB per month, implying that 50% of the Thai population earns more than 103,000 THB, while the other 50% earns below 103,000 THB.

Can I work in a bar in Thailand?

1. Re: Work in Thailand – How easy to find bar, toursim work? Sorry to disappoint you but it is not possible to just walk into work, as your post indicates. Foreigners are not permitted to work behind a bar unless they own it and have a work permit stating that they can.