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Can I buy a business in Thailand on a tourist visa?
TLDR : Answer Summary
You can buy a business in Thailand while on a tourist visa, but there are important conditions. Owning a business does not grant you any visa or residency rights, and you cannot work without a proper work permit and a visa that permits work. Additionally, if you plan to own a business, remember that you can only own up to 49% of a registered company unless specific legal structures allow otherwise. It is advisable to secure a proper business visa if you intend to actively manage your business.
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Alan ******
Convert your Tourist visa into a business visa. Check for business requirements before doing so.
Tom *********
Yeah, easy. But you can own just 49% of any registered company. As for business just ensure that you have a contract proving you own the business
Tom *********
@Ziggy *****
a contract between yourself and the vendor stating the business has been sold under the agreed terms in case of any issues further down the lineKeith ************
@Tom ********
if American, you can own 100% of a business under the treaty of amity between the US and Thailand.Neil ******
@Bradley ********
your math is off there, chief.Reply to
Neil ******
Reply
Jorge ****
@Ziggy *****
the tax collection agency?Ziggy ******
ORIGINAL POSTER@Tom ********
proving to who ?Reply to
Ziggy ******
Reply
Brandon ************
What visa you have has no effect on your ability to buy a business. But just having a business also does not inherently give you any visa or any right to stay in Thailand. You also won't be able to work at your business unless you have a work permit and a visa that allows work.
Paulie ********
and set up a company and put the buisness in it iotherwise if in thai name you may loose it if anything wrong was to happen
Ziggy ******
ORIGINAL POSTER@Paulie *******
can I set up a company on a tourist visa ?Marijke ********
@Ziggy *****
talk to a lawyerPaulie ********
@Ziggy *****
i tnhink so but not 100% sure speak to this guy he will give you answers you need i set up a company to buy property with no issues he charged me 35k to set up companty worth itReply to
Paulie ********
Reply
Ziggy ******
ORIGINAL POSTERI presume all the set up- banking, tax and anything needed is set up by your Thai business partners while awaiting to chnage to a non -im visa?
John *********
Yes
Ziggy ******
ORIGINAL POSTERSo you can buy a business and sign a lease for it on any visa? (I understand not working in it).
Brandon ************
@Ziggy *****
yesReply to
Brandon ************
Reply
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