How can I open a business in Thailand on an ED visa and what are the visa options for this?

Question

Hi all

Looking for a bit of advice please

We are entering Thailand on a ED visa for 12 months in Jan 18

I'm looking at continuing my business in Thailand so wanting to no how difficult it is to open to business to gain the visa I need to carry that on.

My wife is 50 in 2 yrs so was originally going to tag onto hers.

Any advice much appreciated

Ask Thailand · Answer

The post discusses the user's plans to open a business while holding an ED visa in Thailand and seeks advice on the process and requirements. Comments suggest that to open a business, they would need at least two Thai partners owning 51% of the business and employing four Thai staff members. It is recommended to initially piggyback on the wife's visa while researching the market and finding local professionals, such as accountants and lawyers, who can assist with the business formation and visa/work permit process. Overall, starting a business may be tedious and expensive but is feasible with proper planning and the right legal support.

Joe *********** · Answer

You will also need two Thai partners who will own 51% of the business and have 4 Thai employees. This is not as daunting as it sounds - this the reason for a year of research. Contact me via PM and I will provide more details.

Joe *********** · Answer

Having said these things, I advise that you piggyback your wife's visa for a long time - up a year while you research the market you plan to enter, get referrals for local accountants, the ways of doing business in Thailand, etc.

Joe *********** · Answer

An accountant is needed of course in forming a business.  And many accountants act as Visa / Work Permit Agents. Forming a business is tedius, time consuming and expensive but can be done.  Many foreign owned businesses fail and these companies can be bought and completely changed to your wants and needs.  Buying the shell of a business is not near as risky as naysayers talk about - If you practice due diligence.  The Accountants I speak of will have a working relationship with a lawyer for the necessary legal documents.

Robert ******* · Answer

Talk to a lawyer and it is very easy if you have the money.

How can I open a business in Thailand on an ED visa and what are the visa options for this?

Activity

Related

Resources