how To Start Your Own Business In Thailand
So you wish to know where to go however don't want to spend hours researching? Simply needless to say the price of opening up in Bangkok will cost slightly more, particularly the price of hire in prime places which in the big city is higher compared to the remainder of the country. But additionally it is where you can also make the most money for the reason that majority of the wealth is in Bangkok. As of writing a salary of 6,000THB - 8,000THB is the norm for Thais working in restaurants, outlets and malls in Bangkok. Treaty of Amity and Economic Relations is an unique agreement between Thailand and the USA.
If you happen to work at a business you started in Thailand with no work visa reminiscent of a restaurant you could just get away with it with none consequences. It's strictly prohibited to work in a company in Thailand with no work visa. There are monthly charges or taxes for work visas which value a minimum of 5000 Baht. For a small enterprise in Thailand that may be a considerable amount especially if you multiply it by 12 months.
One remaining factor you must take into consideration is that Thailand has a history of political instability with army coups occurring every decade or so. Also at this moment foreigners residing in Thailand long run are mainly less than 2nd price citizens and it doesn't look like they are going to be granted full rights as a Thai. However if you are totally prepared, achieved your market research and know your marketing strategy inside and out with plenty of funds for start up and exit then your rewards are nice for a profitable business in Thailand.
I'd estimate that there are at least 500,000 visitors monthly in Thailand give or take a number of thousand. I am leaving and working in Thailand for 3 years and I am thinking to open my very own enterprise now. Margarine which is a butter substitute is widely used in Thailand is less expensive. I've read everybody's questions and issues on here about beginning a business in Thailand and appreciate your trustworthy and invaluable answers and opinions !
If you're business is based in Thailand with no license you might be breaking Thai legislation. I would not be stunned if there are foreigners running the identical sort of business as yours in Thailand so they're taking a danger. I offered it about 6 months in the cheap apartment bangkok past as a result of I am specializing in one other business mission in Thailand. It was robust work for him as a result of it was scorching and he needed to transport the cart to and from my apartment parking area which I rented for 500THB a month.