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Can I buy a business in Thailand on a tourist visa?

tourist visa business ownership TH visa regulations work permit business visa Thailand expat issues

Apr 1, 2024

8 months ago

ORIGINAL POSTER

Can i buy a business on a tourist visa?

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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.

Alan ******

Convert your Tourist visa into a business visa. Check for business requirements before doing so.

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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

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Tom *********

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 line

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Keith ************

if American, you can own 100% of a business under the treaty of amity between the US and Thailand.

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Neil ******

@Bradley ********

your math is off there, chief.

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Neil ******

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Jorge ****

the tax collection agency?

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Ziggy ******

ORIGINAL POSTER

proving to who ?

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Ziggy ******

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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.

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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

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Ziggy ******

ORIGINAL POSTER

@Paulie *******

can I set up a company on a tourist visa ?

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Marijke ********

talk to a lawyer

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Paulie ********

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 it

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Paulie ********

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Ziggy ******

ORIGINAL POSTER

I 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?

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John *********

Yes

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Ziggy ******

ORIGINAL POSTER

So you can buy a business and sign a lease for it on any visa? (I understand not working in it).

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Brandon ************

yes

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Brandon ************

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