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How can I start the process for a Thai 2 million investor visa for a restaurant business?
Thai investor visaRestaurant business startupNon B visaCompany registration in ThailandThai business partnerLegal advice for expats in ThailandImmigration process in ThailandBusiness investment in Thailand
Jan 12, 2021
5 years ago
Russell ******
ORIGINAL POSTERI want to run thai 2 million investor visa (Restaurant)
How i start this business process?
How i start this business process?
TLDR : Answer Summary
To start the Thai 2 million investor visa process for a restaurant, begin by consulting a lawyer experienced in Thai immigration and business laws, as the guidelines might involve specific capital requirements, including needing to adhere to the non-B visa criteria. Open a Thai bank account and transfer the necessary funds. Following this, visit the local company registration office (AMPHO) for the necessary paperwork and requirements. It's advised to look for a trustworthy Thai business partner due to legal ownership structures. If uncertain about navigating the process, consider involving a reputable lawyer and possibly local accountants for better guidance.
Pelle Eriksson★★★★★
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Luca G.★★★★★
I used this agency for my DTV Visa...recently on Google
Trusted Thai Visa Agent
OVER 100,000 EXPATS SERVED
#1 VISA AGENT IN THAILAND
Adam *******
You do not need a visa to play monopoly but be careful you don't go to jail 🤣🤣🤣
Olivier *********
no way
Don *************
take the chance to invest in gogo girl fine far
Billy *******
Offer 5 times free cash flow of an existing business. Banks are offering 3.
Adam ******
Andrea dolcemascolo
Adam ******
get 200 million and wait for covid to stop
Amandeep *******
I have Resturant on second road if u interested msg me
กรพัทธ์ *********
@Amandeep *************
which location? Amandeep *******
กรภัทร์ สัญชนะ second road pattaya
Reply to
Amandeep *******
Reply
Coburn ******************
I have Bar in Pattaya walking street to sell you for 6 mil. 😂
Mick ********
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this is good info on biz in thailand..no idea on what they charge tho...siamlegal also has a lot of good info, but very expenisveRussell ******
ORIGINAL POSTER@Mick *******
Thank youReply to
Russell ******
Reply
Mick ********
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....these guys also have shelf companies,a nd can do your accounting...Fee: Baht 17,000 (plus Baht 8,000 for VAT registration). plus govt fees, vat etc, total 33,750 baht
Mick ********
they also have this site...
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Garrett ***********
@Mi**
Have you worked with them before? Mick ********
@Garrett **********
no. im filing our foundation myself. will prob use panwa when i s et up a company there. I spoke to a few o thers but their costs are insane, Ive set up a few other companies in other countries, the thai process is similarPui *****
@Mick *******
you're setting up a foundation in Thailand? Would love to know where. Thought it wasn't easy to do in Thailand. Mick ********
@Pui ****
lol it isnt! got a thai lawyer to send the application docs, all in thai so translating it now. we are setting up a dog cat shelterReply to
Mick ********
Reply
Mick ********
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...29,900 baht plus vat, plus govt fees 6000 baht, plus addons such as articels of assoc etcChang *****
2.000.000 baht do not bring you anywere....
Mick ********
there are a couple of online incorporations sites for thai companies....
Russell ******
ORIGINAL POSTERMick ********
@M ************
imm inthe process of setting up a non profit foundation, found all this in my research...i havent used any personally as we are filing ourselves.Reply to
Mick ********
Reply
Paul *****************
Spend the Money for the poor Peoples. Then no have Problems.
Joe ***********
Just give your money away it's easier and less problems
Dave *********
To start a proper restaurant business so you can aquire work permit etc..its 4 million paid up capital..not 2..
Ive been owning bar restaurants in Bangkok for 22 years..thats the legal requirement.. what you do under the table is up to you..but theyre keen now ..on those type of business
Ive been owning bar restaurants in Bangkok for 22 years..thats the legal requirement.. what you do under the table is up to you..but theyre keen now ..on those type of business
เอ็ดเวิร์ด *******
Can you honestly recommend someone start a restaurant in Thailand in the current economic climate, generally speaking?
Dave *********
@Edward *******
No..at the moment would be very foolish unless of cause it plans to wash funds😳Reply to
Dave *********
Reply
Chang *****
Buy my company.
Chang *****
And even own a beautiful land deal 5 minuts from Bangsak Beach
Mick ********
@Chang ****
how much land? rai?Chang *****
@Mick *******
What you mean ?Mick ********
@Chang ****
how many rai is your land for sale?Reply to
Mick ********
Reply
Garrett ***********
@Ch***
Business slow?Reply to
Garrett ***********
Reply
Chang *****
A Company since 15 years old
Mick ********
@Chang ****
whats your compnay>?Reply to
Mick ********
Reply
Arron *********
I know a good lawyer in Pattaya. PM me.
Arron *********
Look for old 2 mil company. Cheaper than make new
A-I-*****
@Arron ********
Sure, if you want to do due diligence and make sure the company is clean...Michael ********
@Arron ********
yes true seen a few on facebook groupsBrian ****
@Michael *******
Could you link the Facebook group please? Reply to
Brian ****
Reply
กรพัทธ์ *********
You are in thailand now?
Aki ************
Starting your own restaurant business is good but be careful when choosing your lawyer..... etc, now they know you have THB2,000,000 for investment, they might cheat on you, should not say in public about your investment amount.
Russell ******
ORIGINAL POSTERThank you
Boss
Boss
Chan *************
Is 2m Thai baht sound alot to the local?
Aki ************
@Chan ************
Yes yes yes Reply to
Aki ************
Reply
Aki ************
@M ************
I'm Japanese doing own business in bkk and my lawyer is very good Russell ******
ORIGINAL POSTERThank you
So much
❤️❤️❤️
So much
❤️❤️❤️
Reply to
Russell ******
Reply
Bo ***********
Do Real Estate & Visa Consultant
Russell ******
ORIGINAL POSTER**********************
Bo ***********
Further information, please send me an email at
*********************************
or +66(0)84 054 9544Reply to
Bo ***********
Reply
Christina *********
Do you have a Thai business partner? And where do you want a business. I suggest getting a local accountant as different provinces work differently.
Costs about 35k for company and then register 4 Thai staff to get one business visa.
Morning star accountants in Samui are good, not the cheapest but great service.
Costs about 35k for company and then register 4 Thai staff to get one business visa.
Morning star accountants in Samui are good, not the cheapest but great service.
Russell ******
ORIGINAL POSTERThank you
So much
So much
Russell ******
ORIGINAL POSTERThank you
Christina *********
@M ************
you’re welcome. Good luck! Remember you need a Thai business partner (51% shareholders). Ideally someone you can trust. Figure out where you want a restaurant and find a local accountant.
You do not need 2M Tb to start a business, that is the business value.
Reply to
Christina *********
Reply
Garrett ***********
While normally I advocate doing things on your own here, I tried setting up a company myself a couple years ago and got stuck. Find a legitimate lawyer, not one of those half baked Thai agencies.
However, if you want to try doing it yourself and you're in Bangkok, go to the Ministry of Commerce (here's the link) and ask them about setting up a business. They are very friendly and there are a few people who speak English. The 11th floor deals specifically with foreigner owned business in Thailand and will give you all the paperwork you need.
However, if you want to try doing it yourself and you're in Bangkok, go to the Ministry of Commerce (here's the link) and ask them about setting up a business. They are very friendly and there are a few people who speak English. The 11th floor deals specifically with foreigner owned business in Thailand and will give you all the paperwork you need.
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79,100.*****
91,14z/data=!4m8!1m2!2m1!1sThailand+ministry+of+commerce!3m4!1s0x0:0x8f4fa56b7ca73bbd!8m2!3d13.*****
01!4d100.*****
Russell ******
ORIGINAL POSTERThank you
Boss💖
Boss💖
Reply to
Russell ******
Reply
Bruce *****
Just find a nice restaurant and offer to buy them out using a lawyer of course
Russell ******
ORIGINAL POSTERThank you
Reply to
Russell ******
Reply
Chulala **********
Only set up company for non b right?
Russell ******
ORIGINAL POSTERNo
I want to start restaurant business
I want to start restaurant business
Chulala **********
@M ************
aha i see have register company process and the restaurantReply to
Chulala **********
Reply
Russell ******
ORIGINAL POSTERYes
Chulala **********
@M ************
51% thai 49% you and 2M capital not take more time 4 thai worker 1 farang do you have your business here?Reply to
Chulala **********
Reply
Edward ******
Open an account in a Thai Bank. Transfer money from overseas in your account, Go to (AMPHO) company registration office they will give you a requirement /details paper, ask your embassy for a good lawyer for company registration process, if you have Thai wife or GF she can do it for you you no need lawyer. Company registration will cost you maximum 35,000 baht.
Russell ******
ORIGINAL POSTERThank
you
you
Reply to
Russell ******
Reply
Nigel *********
Are you actually asking about setting up a 2 mil company to obtain a non b visa?
Russell ******
ORIGINAL POSTERNo
I am single
I am single
Nigel *********
@M ************
OK. It's easier if you're married to Thai that's all. Where do you want to open your restaurant? Reply to
Nigel *********
Reply
Russell ******
ORIGINAL POSTERYes boss
Nigel *********
@M ************
are you married to a Thai. Reply to
Nigel *********
Reply
Richard *****
Show the money
Russell ******
ORIGINAL POSTER🤔🤔🤔
😥😥😥
😥😥😥
Russell ******
ORIGINAL POSTER*****
48 thai bahtRichard *****
@M ************
show it 🤔🤔Reply to
Richard *****
Reply
Russell ******
ORIGINAL POSTERI have
70,000 dollar
70,000 dollar
Richard *****
@M ************
change it into thai baht to start with then ??Reply to
Richard *****
Reply
Russell ******
ORIGINAL POSTERI have no lawyer
Anybody know any good lawyer?
Anybody know any good lawyer?
Sharel *******
@M ************
my contect number i have thai marriage certificate my contract number +918700268773**********
*****
*****
73Sharel *******
@M ************
sir my wife is thai she know very well and i know very well first u go to your embassy after that need advocate...sir when u start ur business then give me job i can do any job computer billings air ticket hotel booking i can do any work A-I-*****
@M ************
We can help you 🥰Russell ******
ORIGINAL POSTERThank
You
You
Benjamin ******
@M ************
I wouldn't contact just ANY lawyer. If you want a lawyer, I recommend contacting your embassy, and asking them for a list of lawyers. A lot of lawyers are simply visa agents or visa consultants, and may not know what they are doing. Izik *********
@Benjamin *****
1. It has to be a local lawyer. And from the same province of the business. 2. Not a big firm
3. He/she is doing litigation too (not just consulting).
4. Consider a small business instead of a company. It keeps you below the radar. Personally I would choose to spend 500k for 5 years easy vip visa than this business visa based on investment.
5. To extend your business its always possible. It looks to me a real mistake to spend 3 million THB on business in a rental basis (as you are in the hands of the owner - he will up the rentals whenever he think you can pay). Start small and if you feel successful buy your own place and do the investment in your own property (real estate prices now are extremely cheap).
(*) I write it on behalf of 6 years experience running my own restaurant and bar.
Wish you luck.
Benjamin ******
@Izik ********
If you want to keep it under the radar, so be it, but I do not feel comfortable at all advising people to break or bend the laws, especially in this environment and to abuse the SMART visa program to run a bar. Izik *********
@Benjamin *****
You did not read well.I'm not advising you to go to lawyer for doing something illegal. Staying below the radar was the most important advise that I gave you for free. If you doesn't understand what is the meaning then you better don't open any business. Thailand is not Europe, its totally different. Staying below the radar means not catching no one eyes as lots of people will come to you (government people and others, especially in this crisis when people have no money).
I already wished you luck, but you better look the statistics on number of restaurants that are survived the first year or two, especially when the property is rented.
Benjamin ******
@Izik ********
Good luck. I'm blocking you. I do not tolerate people who abuse the SMART visa program. GoodbyeIvan ************
Benjamin ******
@Moaya *********
using the SMART visa program to open a restaurant IS illegal. That is not sound advice. Reply to
Benjamin ******
Reply
Benjamin ******
I recommend contacting your local chamber of commerce. Contact the Joint Chamber of Commerce of Thailand, they can put you in touch with your local Chamber of Commerce and support you.
*********************
Russell ******
ORIGINAL POSTERThank
You
You
Reply to
Russell ******
Reply
Bob **********
Speak with your lawyer and I believe it's 15 million
Reply to
Bob **********
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