Can I obtain a business visa in Thailand if my fiancé and I start a business together?

Sep 10, 2020
4 years ago
Michael **************
ORIGINAL POSTER
Ok

My fiancé and myself we’re talking about starting a business and I do know if we start a business together she has them 51% of the business that’s fine with me. I’m asking is if we would start a business together would I be able to get a business visa.

I’m currently in the USA and she of course is in Thailand

Thanks
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TLDR : Answer Summary
The discussion revolves around the query of whether one can obtain a business visa in Thailand when starting a business in partnership with a Thai fiancé. Various comments provide insights into the challenges and requirements involved, including the necessity of proper legal advice, understanding the implications of ownership structures, potential investment capital requirements, and the possible need for employing Thai nationals. It also highlights cultural considerations and the importance of conducting due diligence before investments. Overall, while starting a business as a foreigner in Thailand is feasible, it requires careful planning and awareness of the legal landscape.
Nuzul ********
I have thai boyfriend. But he cheated on me. He has second account facebook to make relationship with other woman. So poor.
Sasimapon ************
@Nuzul *******
All Thai guys Cheat or have baby run away just like hit and run , but you know this already
Nuzul ********
@Sasimapon ***********
yes i already know😭😭😭
Michael **************
ORIGINAL POSTER
@Nuzul *******
It is true.

That’s why Thai woman are always so jealous
Nuzul ********
My ex bf so obsessed about woman in other country. His ex is philipine indonesia and myanmar
Michael **************
ORIGINAL POSTER
@Nuzul *******
The right one will come.
Nuzul ********
Nuzul ********
Nuzul ********
I hope you guys. Be careful about relationship with other country. We never know their true feeling.
Andrew ********
Don't!
Roger **********
You are one of the lucky ones.
Roger **********
There are safer countries to start a business in...The last thing you need is the Thai woman issue. Already she has you convinced she would have the 51%..She will get 100% if you are not careful.You say your fiance ??? most thai women have more than 2 fiances or husbands.. be careful. So many sad stories here of people losing everything
Dave ***********
Roger Lefebvre ..you need a slap. Makes you feel big talking to Thai women like that does it 👊
Stephen ************
Dave Summerbee ...He is just a prick ignore him.
Stephen ************
Roger Lefebvre ...you sound like a right dickhead...and holy shite you look like one as well. No respect for ladies eh?
Roger **********
No you arenot old just fuckn Naive...or maybe the one in a thousand Thai ladie ( and I use the term loosely) who actually are not just out for money. Most are. but for love. 555 thats a load of shit.
Paul *******
@Roger *********
No country in the region, aside from Singapore and maybe Malaysia is "safer" to start a business in though. Remember where you are, it's Thailand. A country known for decades as being "right in the middle" being neither very rich nor very poor. The infrastructure is decent, and the laws, while archaic at times mostly align with international practices. The good news is that international law firms operate here and if you know what you're doing, you should be fine.

Problem is too many drunk farang fall in love with the girl they met at the bar and want to start some general store, the girl steals all his money and he then goes on about how difficult it is to do business in Thailand when the problem is he went about it the wrong way.
Dave ***********
@Paul ******
...That summarise's the entire picture...the only people who have an argument against your post are ones who say " yea but I heard someone at the bar saying he knew someone else who lost money"

OR the best one is " I signed the lease but couldn't read it as it was written in Thai"

🤣🤣🤣🤣🤣
Paul *******
@Dave **********
Exactly. There are many pitfalls to doing business in any country, especially one that is not your own. That being said, I don't get the impression that running a business in Thailand should warrant any special warning compared to anywhere else, except if, like many farang who are in love with a bar girl but don't do their due diligence, they just go along with whatever scheme their better half tells them and then they complain when they get hosed.

Such things happen in every country, and even if they did happen more often in Thailand than elsewhere, people only have themselves to blame. I would never start a business without dotting all the i's and crossing all my t's. Even if it means spending a year doing market research before entering the market, so be it. Better than losing a lot of money by rushing into things.

I would never trust someone at a bar to give me any sort of business advice.
Channel **********
@Roger *********
...Very bad attitude from a "retarded old man"...go back to your Loser bar stool
Dave ***********
@Channel *********
That about sums him up Old Retard 😂🤣🤣
Channel **********
@Roger *********
...why you say "most Thai women" have 2 men...I could say most farangs are "wife beaters"...would that be true.?

..Very Old men like you should be seen and not heard..
Roger **********
@Channel *********
No you arenot old just fuckn Naive...or maybe the one in a thousand Thai ladie ( and I use the term loosely) who actually are not just out for money. Most are. but for love. 555 thats a load of shit.I haven't fallen off my bar stool yet because you keep me there
Peter *********
@Channel *********
555 am I in the very old bracket also . You have me worried
Channel **********
@Roger *********
...Another statement from a "Loser" who has "Fallen off his Bar stool"
Shayne **********
Maybe an elite 20 year visa would be cheaper, just 1 million.
Channel **********
Channel **********
@Shayne *********
..Elite Visa commonly known as the ."The Glorified Tourist Visa" ...about the same benefits just one costs "1 million baht" and the other one is "Free" 😁
Patrick ************
Try to find legal service your wife in Thailand can find someone for u and u talk directly to them they help u from the first step and advice u in how to do , there many rules but also mammy ways to do or make busines and all the rules and ways depending on what kind of business
Mark ******
Helped some friends start small businesses. Clothes, computer repair, hair/nails, food, all eventually failed. Success #1) Sent person to pharmacy school and helped 50% acquire first pharmacy after graduation. She owns three pharmacies now and recently bought herself a condo and car. Success #2) Built row of 4 houses way up north in village near school. Friend collects rental income every month, always 100% occupancy. Moral: Be smart before you start a business here. Opening the next general store, salon, or specialty shop here can be very high risk.
Shayne **********
@Mark *****
it's about the gems. Finding one and making a difference. Thanks for sharing. Thanks for helping.
Greg *******
You can own the business 100% in your name as a American under a sole proprietorship or own 99.999% of the shares in a limited company. It’s under the Amity treaty. Don’t make a mistake. Relationships change no matter how sure you are.

I know of a case two months ago. Friends invested 700,000 baht in a business for eyebrows. They put it in one of the guy’s Gf name. The guy and girl had been together 3 years. Always on Facebook how they adore each other. My wife and I went to the grand opening on a Saturday. By Tuesday morning, the locks had been changed and she had broke up and left the house. It was her business now. Everything before was paid in cash. The girl has 20 bookings plus a day now. How would you feel walking by it and seeing it be a success and you get nothing ?

It’s a little complicated on the business visa. As someone has to sponsor you to get the WP3. That’s the pre-clearance for the work permit as the embassy usually wants this to get the business visa and in most cases, need the work permit for the business category to be allowed into Thailand cause of covid. Put your Gf as a co- director with you. With her signing powers limited to immigration and the labor dept. After the company is set up, you then can get the Wp3, then the business visa and then come to Thailand.

I know a lawyer if you want more info that knows the process. PM for the details.
Johnny ************
@Greg ******
Only Americans can do this? It doesn’t work the same for other nationalities?
Greg *******
@Johnny ***********
no in most cases. Exceptions are it’s BoI ( Board of Investment ) or you have a foreign business license.

Certain categories any nationality can own as a 99.99% foreign owner as you are not competing against Thais. Such as exporting, manufacturing ( restricted to not with ice making or guns ) and if you then export 100% what you mfg.
Ron ******************
Forget what you read here and talk to an good lawyer and accountant. I just scrolled past all the ill informed comments and outright false information. I had a company for many years and there are easy ways to safe guard your investment. We made good money through the company. My biggest concern would however be that you are starting a business without knowing the market. Take your time and make certain that you understand what you are getting into.
Ron ******************
Giovanni Edmonson yes I agree but that is the case all over the world and the main reason is people that do not have business sense and do not know the market. My advice for a foreigner that wants to open a business is to first stay here and get into the culture and then decide what to do.
Vincent ********
Get a lawyer to be 2 pr 3 % of the business so NOBODY is the majority just he jolds it for you so you don’t get screwed
Nick ********
If you are a US citizen, there used to be a way to have a 100% I know, I've seen it - worth checking. There are restrictions on the business to protect Thai businesses so pros - there are none for your wife. In your name, there is legislation about hiring Thai national on a Thai/Foreign ration. I'd do some research. Plenty of info out there and on Thai government websites.
Garrett ***********
@Ni**
Treaty of Amnity
Nick ********
@Garrett **********
thanks. Wasn't aware if the name. I know US citizens running businesses under this. Still got to pay the police fine for 'security'
Richard **************
I'm very sorry to say this...one born every minute
Richard **************
Well, I began living here in 1994. I have seen this many, many times. Go ahead and crap on my comment, but history tends to repeat itself to those who do not pay attention.
Richard **************
Wow, you really know me.
Channel **********
@Richard *************
..

."Fortunately not"
Channel **********
@Richard *************
....And One + negative comment every post ...Bet your an adventurous kind of person once you get off your Bar Stool 🤣
Paul *******
@Channel *********
A bit off-topic, but I think your point applies very much to all the moaning farang who comment on the Bangkok Post and Thailand related social media. Go there and look at the comments made by "Dante1000", "Phithinh", "MichelleR", "LatinoMax/Min", "EddieChan" (probably a farang who is pretending to be a Hong Kong Chinese) and many others. Every day making anti-Thai comments.
Garrett ***********
@Cha****
Naah, bars are too expensive. Sidewalk in front of 7-11 is free to sit and beers are
***
the price.
William ************
Be very sure about everything , yes I mean everything and last but not least your money . Take things slowly until you are certain about everything. If there can be such a thing as being sure . GOOD LUCK .
Jan *********
Dreamers.... U got them in the USA and the USA is exporting dreamers to Thailand..... 🤔🤔🤔😅

Truly wondering what business u would bring to Thailand... Apart from multinationals and corruption there's no business for simple people here 🙏🙏🙏
Jan *********
Karlos *****************
Sounds harsh but there's much truth to it.
Patrick ************
@Karlos ****************
I know manny successful foreigner with small and medium sice busines there are posibility for the smart thinkers, the monkeys and alcoholic they loose yes
Karlos *****************
@Patrick ***********
I do not doubt you know all of them
Patrick ************
@Jan ********
WhAt planet u come from ??? From u is only negative thinking please leave Thailand and go home !
Andrew *******
If you are serious about this you should seek professional legal advice and not rely on social media. That’s the first wrong step. The second wrong step is the assumption that your fiancé is required to hold 51%.
Ivan ********
Big mistake!!!
Ivan ********
People told me don't do that!!!
Channel **********
@Ivan *******
..So all your decisions are based on other people's opinions

🤣😁🤣😁🤣😁🤣
Channel **********
@Ivan *******
...have you tried and failed ?
Rick *******
My advice is never start a business in Thailand. Your life, your call.
Channel **********
Giovanni Edmonson ...getting very bored with you..

Your just an arrogant, childish and unintelligent piece of shit...Go back to the ladyboys
Channel **********
Giovanni Edmonson ...Yes without your wallet you would not be much use to anyone.. ...In fact you must be so ugly you dare not show your profile photo...just a gay pretty flower 🤣
Channel **********
Giovanni Edmonson ..keep taking the medication it will help you.
Channel **********
Giovanni Edmonson no idea what you said.... I only understand Thai and English 🤣
Paul ********
How do you make a small fortune in Thailand?

Start with a large one. 😉
Channel **********
@Paul *******
...that' line nearly as old as you...well maybe not as old as you looking at your profile picture 🤣
Rudolph ***********
@Rick ******
Very good advice. 🙂
Channel **********
@Rick ******
..another negative outlook.
Richard ******
@Channel *********
There is a difference between being realistic and being negative!
Channel **********
@Richard *****
.. hello Mr Negative did we wake you up 😴😴
Richard ******
@Channel *********
not negative in the slightest. It seems you are the negative one! You view you own opinions as correct and any other opinion that does not match your own is negative! Try to be more open to all sides of a discussion and not just dismiss others' opinions as negative just because they don't match your own!
Channel **********
@Richard *****
..yes what ever 😴
Richard ******
Rick *******
But based on facts. Don't get me started Channel, just ask how many successful businesses have been started by foreigners with their Thai family or friends. In 15 years I know of many who have tried, but none who have been successful. By that I mean gaining back their initial investment and making a continuous profit.
Paul *******
@Rick ******
I know a lot that ARE successful. You must be hanging around the wrong people.
Channel **********
@Rick ******
...If you socialise with Losers you will probably hear all the sob stories...time to broaden your circle of friends?
Rick *******
@Cha****
, my friends aren't losers and it is very unfair for you to assume they are since you don't know any of them. I have heard too many stories of foreigners trying to start a business in Thailand. I will give you one example. One of my good friends was married to a Thai lady and agreed to go into business with her. He bought shelving and stock for a small food store at his wife's parent's house. After about three months his wife told him that they needed more stock. He asked what happened to the money from the sales and she just said it went to the family. It didn't take my friend long before he shut down the shop. Instead of learning from that experience, he paid for his wife to go to shool to cut hair. She then set up a hair cutting salon at their house in the village. She only had a few customers and closed the salon. She then tried selling donuts, which failed. After the fourth business, my friend finally learned that starting a business with his wife was not in the cards, but guess who was out all of the startup money? Just one of many examples that I have seen in 15 years living in Thailand. I would never start a business with my Thai family even though I have been asked many times. Channel, you need to get real.
Paul *******
@Rick ******
Sounds like your friend married an uneducated bar girl. Better marry a Chinese-Thai. They have more business acumen and are far better educated and of course possess a lot more wealth to begin with.
Dave ***********
@Rick ******
seems like the person didn’t do any market research and just opened new businesses on a whim! He obviously wasn’t very involved in the first business if he had no idea there was no money for new stock after 3 months! I have a business here, I have a Thai wife, I did my market research to make sure there was a market and most importantly I check sales daily, full profit and loss monthly and check the business bank balance on a daily basis - hardly rocket science but so many basic business processes so many seem to ignore or simply don’t understand.
Rick *******
@Dave **********
, I agree with you and unfortunately my friend did not do his homework as you did. Wouldn't you agree that most businesses started in Thailand do so without a good marketing research plan? I would think that is one of the first things that should occur before financing any business. I have a hard time understanding how the Thais make any money when they have ten other shops selling the same merchandise right next to them. Happy to hear you have been successful.
Paul *******
@Rick ******
And yeah it's good to advise people to be cautious but anyone who does their due diligence knows what they're getting themselves into.

There's also a BIG difference between being an investor under BOI terms, starting a factory and running a bar.

Most farang, and probably almost 100% of the ones who you have inferred in your story are in the latter category.
Channel **********
@Paul ******
...Sounds like a man of "experience "...what was the name of your bar ?
Paul *******
@Channel *********
I'm not in the bar business. No thanks! Just trying to make a point.

Unfortunately, with the recent passing of the online alcohol sales ban (btw do you know if that will apply to supermarkets too?) I wouldn't want to have anything to do with alcohol in Thailand...too many restrictive laws.

Everything else is fine. Besides, I'm not a big drinker, but I am disappointed by this new law.
Dave ***********
@Rick ******
totally agree.
Channel **********
@Rick ******
.."Losers" Always start a reply by stating

"I have heard"

OR

"My drinking buddy told me"

Some people will never have an opinion of their own..but are always quick to give negative advice to someone who has the guts to try out an idea 🤔
Rick *******
This site is for giving opinions and personal advice. Since I have lived in Thailand for 15 years, I try to give accurate opinions based on fact and not hearsay. You have no idea of my experience and I doubt you have any experience seeing foreigners trying to start a business. Unless you have seen many instances of this, I would stay out of the conversation unless you have something constructive to say.
Channel **********
@Rick ******
.... not even worth replying to.
Kool *******
A problem you're going to have is that you are not yet married, and can't be until you are together. For her to set up a business where she can hire you, without being married is not easy. She has to have a reason for hiring a foreigner instead of a Thai, and the business has to have at least bt1.5 million in registered capital in order to provide you with a work permit. If you were legally married, and it was register this would all be different, as a husband and wife can start a business together under completely different requirements. Also, you basically can not set up your own business without being here, even under the Amety treaty arrangement Thailand has with the American government. You are going to have a hard time getting into the country at this time. It would have been much easier if you were in fact already married.
Channel **********
Forget any negative comments about starting a business as a foreigner in Thailand.

You can start a Limited company and a good lawyer will walk you through the process and obtain a work permit.

It is true you need to employ 5 Thai people as shareholders but your lawyer will be nominated as 1 shareholder if you wish.

You will own 49% ( which will make you the biggest shareholder) and it's upto you how much you allocate your wife shares. You will need to show 2 million baht as an investment transfer from

a bank account outside the Kingdom

Good lawyer and go for it...forget the ridiculous comments about deportation..that's bar stool negativity.
Shivan ****************
"Good Lawyer"
Paul *******
@Shivan ********
Plenty of international law firms operate in Thailand.
Markus ********
@Channel *********
lol, funny idea
Mike *********
I would tread very carefully if I were you. The Thais are notoriously difficult about farangs working in Thailand. A guy was deported a few weeks ago for helping his wife at a street food cart. Check everything out and then double check it all again. Also remember that rules are open to being misapplied where farangs are concerned and the rules can change at the drop of a hat. As far as I am aware, owning 49% of a business doesn’t entitle you to work at it. Only to employ Thai’s to work for you. I may be wrong but I think not. Good luck.
Paul *******
You CAN work in your own business in most cases. You are correct though that in general terms, a street cart vendor must be a Thai national. Same in neighboring countries - farang can't work in this role in Cambodia, Laos, Myanmar or Vietnam.
Mike *********
@Paul ******
I just think it’s a mine field. One day everything’s ok next day all hell breaks loose. Don’t get me wrong, I fully support the way they keep Thailand for the Thais. We could learn a lot from this in the UK. I’d vote for it. Cheers
Paul *******
And I've met several farang selling goods at markets dating back 20 years. From a Belgian guy hawking at the Mae Sai border market in Chiang Rai in the early 2000s, to various westerners selling their organic goods at the farmer's market in downtown Bangkok (though they probably have legal permits to do so), to the odd farang sitting behind the counter helping his wife sell some goods at a street market, to farang doing so at networking and international school events.
Paul *******
@Mike ********
You're right in that it's a mine field, and I definitely wouldn't recommend doing something like helping your wife sell something at a market. That being said, if that's the ONLY thing you're doing it is highly unlikely you would get into trouble.

I've seen Indians and Bangladeshis selling roti on the street and they never seem to get caught, despite the fact such nationalities are prohibited from engaging in street hawking.

In any case, I suspect the example you gave had more to the story. But your point stands - farang can get away with most things but street hawking is definitely one thing I would not do in Thailand or any Asian country barring perhaps Singapore where this may be legal for a farang if you have the right paperwork. Even there, you'd be a novelty though.
Paul *******
What? Normally the authorities don't deport foreigners "helping" their Thai wives just for doing that, though it's not a good idea. In one case last year a German national did exactly this but he was caught for engaging in an actual illegal activity, and this is why he was deported NOT because he was helping his wife.
Markus ********
Don't forget you will have to pay quite alot of tax, even is buisness is slow.
Garrett ***********
@Mar***
Hahahaha, what?
Markus ********
@Garrett **********
we had....I can tell you, they rip you off, 555 but jing jing
Garrett ***********
Much easier to open a business on your own. As an American you can open a business under the treat of amenity, which is for 100% USA citizen owned company's. The paperwork is minimal.

Yes, you would be eligible for a Non-B.
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