What should I consider before going into business with my Thai partner?

Use A Falang Lawyer!

Bro...give her money to do buisness...she is a good woman....

All the W⚓️ out again unreal guy only wants advice not feckin abused

If you got the money and she gives you what you need, go for it and don’t look back.

What you should post is ‘Hi guys…..on a scale from 1-10 how stupid am I?🤪

Best just invest in an accumating etf in your country; can't go wrong with s&p500. Low risk, good return, no legal battles getting your money back, etc. As for investing in a Thai business? Why do they need you to invest? Whats the old wise proverb: a fool and their money are easily parted? Don't spend more than you can afford to loose.

If you have to ask your already screwed

What advice would you give to your mother? Nor kidding. Assuming you are close and care about her decisions, of course.

Now give that same advice to yourself.

Question answered.

how to leave thailand a millinaire come with ten leave with 2

Simple don't invest what your not willing to loose , give it 3 months and if no profits ,shut it down or sell up !!;

Be sure to have a way to protect your investments.

No matter how good your relationship is, be sure you both have very clear and perhaps legally binding agreements on who owns how much.

Protect your investments.

Better safe than sorry.

It’s like wearing a seat belt.

Just because you know how to drive and maybe never crashed before, doesn’t mean you can’t crash. Protect yourself.

Id advise u to think more about this.

And listen to the people in this thread who have experience.

Who is putting up the cash assuming the business needs it ? If so what security will this cash have ?

After that do a business plan pros and cons

Then see if it’s worth while

Have you or your partner any experience of running a business ?

Most businesses fail at the one year mark not many make it to 3 years the ones that do will last as long as there’s still a demand or your ready to diversify to changing trends

I’ve seen people go from lorry driver tradesmen etc never been in business before get business in other countries with partners who have never had businesses before

I don’t remember any that last long because to be in business you need to be able to do what ever it takes to stay in business 7 days per week long hours etc affects your family life health etc but that’s what it takes

Business is not for the faint hearted from my experience

Good luck!

"Partner" so not married, how well do you know and trust each other. I am planning to go into business with a Thai guy but we are very good friends for 3 years now and have been through stuff together that means I have complete trust in him. Plus I have a Thai wife also to help.

Will it be a genuine business that you have an interest and involvement in? Or just something that she wants you to pay for?

What some stories from Thailand bound you tube channel.

I have helped girlfriend(s) to establish a small business. From my experience, most aren’t business savvy. Or, perhaps they are! If they can get the falang to buy the stock then they make a good profit when they sell it. Of course, farang now has to replace the stock!

Make a business plan. Identify all set up costs and all running costs. Do projections of expected revenue (worst case and best case). Assess the financial viability of the business and make sure your partner is fully aware.

When you give her the hard facts that the business is not viable, I would love to see her reaction!

Just don’t. 😆

There are some basics that you can research.

1. You can only hold 49% ownership of the business.

2. You have to employ 4 Thais for every 1 farang.

3. Your partner must have a financial investment in the company, equivalent to the share he/she owns.

There are some exceptions such as industries promoted by BOI. Also, if your partner is your spouse the employment rules change (I believe but please check).

Since you can only own 49% of a business in Thailand I would check to see if you could split the 51% between your partner and a law firm, trust or another type of entity. I'm not sure if these types of entities exist in Thailand or not maybe someone here knows. This is business put your personal feelings for your partner aside and look out for yourself. If your partner has a problem with you doing it this way then maybe it's not a good idea to go into business with them.

I lived in Bangkok for 20 years and was married for 16............ Don't do it.

So what visa advise does this require from a visa advice group ?

Just don’t and if you do be VERY prepared to lose anything you put in. On the other hand I wish you very good luck. 👍🍀

Ask chat gpt 🤣

Monkey business?

Thai partner. Could be a man 🤷🏼‍♀️

Locked profile says it all

Assuming the money to start the business is yours then set up a limited partnership with 3 people you her and another Thai you know and trust but she does not know like eg your lawyer.

You register as the managing partner...you control the money as in write all the cheques..you hold 48% shares as does she the remaining shared are held by your lawyer.

Only put in what you are willing to lose

Yeeeeehaaaaahhhhhh

Does she want to to open a massage shop with happy endings

expect to get f...d over once you have completed all investments . .i have seen and heard many of this happening

You know her , people here dont

That's true You will be 49% and they will have 51

Raymond is in looove Raymond is in looove,….

partnership never works

Run

Someone below mentioned most Thai ladies have no idea how to run a business

And from my conversations with Thai women he correct.

Take your money and invest it where you get a solid ROI

It will probably be more than you net annually from a Thai business

Protect your money/investment, only give what you could afford to lose.

Not a good idea 😅

Don’t

Golden rule pf thumb if you want to make a small fortune in thailand invest a large fortune.

Do you both have experience/expertise in the field? If not, don't do it.

The same human things can happen in any kind of partnership in any country. Behaviors don’t change from country to country. The only difference is the laws that govern them. Get legal advice to know those differences and structure your business partnership to protect yourself. But even this is not always sufficient protection in places that are traditionally corrupt and/or have an unfavorable bias toward foreigners.

Follow the coming result

My wife's rich. She doesn't need me mucking up her business

Mobile Water Buffalo repair company.

Don’t invest anything you are not prepared to lose.

i only advice you is this ----->up to you (good luck)🤦🏽‍♂️

Is it cannabis business?

If she has business experience and from a decent background ,there's a high chance she wouldn't be with a farang . 🙏🏽

You are weird ..

Ok .. go ahead 🤣🤣

Don't do it.. I've done it and came out of it not too bad but when I was in business with her , wow never again.

We owned a restaurant.. no idea what Ur business venture is

@do it as your an adult and can make your own decisions

Your partner is after your money

What's the business

Is it your first time to Thailand?

First question is do you know anything about the business and industry? A good Thai business attorney could assist you with the rest. Might be a headache at your age though.

I don’t know who normally helps you making difficult decisions.. But somehow I don’t think this group is the right one for this problem.

My wife and I are partners in our company. She owns 51% but I have the controlling vote. Do everything through a lawyer. Ideally one that speaks the same language you do if you don't speak Thai. I trust my wife with everything but I'm also not stupid. If it's not a company then make sure what you have invested and what you are willing to invest, you are also willing to loose. Again, through a lawyer that speaks your language and everything translated and signed.

Good luck.

A real business or just buying a job. 🤔

Don't be afraid to take the leap if it won't hurt you financially. You'll be making a positive impact on someone's life, and that's priceless. 😌



I helped my wife launch a technology company which has done well.

If you have to ask here your done before you start 😎😎😎

Have a good plan and a solid contract and you're all good. I recommend a good lawyer to help guide you through. Be diligent and know your business and you will be fine

Only invest what you are prepared to lose.

Business partnerships are like marriages. The failure rate is about 50%. If you are going to be working together and living together , then in my opinion, it is doomed to fail. If you are just the financier, make sure the partner has a record of successful business management and then leave him/her to run it and you go and sit on the beach.

Moves in with GF in November 2024. Now opening a business 2 months later. She's got you by the balls already.

Pre nup

In my home country 70% of small businesses starting up last less than three years. My thoughts only need a tick

*location

*competitive environment

*point of difference

*set up costs

*exit strategy

In Thailand there is the law and the under the table dealing.

Unless you have genuine local network & contacts you may be short changed. The law won’t help you

Good luck

Not a good idea.I have done it,most Thai ladies have no idea about business,most lose money in business and they don’t want to listen to people that know how to run a successful business.

if I could get a single baht for each time I've heard this question, I believe I'd have collected enough money to buy a 100sqm flat around thong lor.....

Got money to flush have at it

Good luck but only put in what you are prepared to lose at worst case scenario

Have you owned and operated a business before?

A lot of people have their opinions. I just want to say if you decide it is the right thing to do, I wish you a lot of luck.

If u have money to throw away, give it a try and write it off. If not, then do not do it.

Waiting on the comments

If you are prepared to lose everything you put into it and walk away then go for it and good luck.

You are best to reframe the statement: "I am thinking of gifting my partner a substantial amount of money that I will never see again."

Firstly you've given zero details or zero context... what type of business? Is it already established, and what about partners? The word is very open to interpretation... I have many partners, my wife is my partner, however i also have business partners...

2ndly asking for advice on something and then stating you don't want the potential negatives is completely absurd and makes this post even more pointless than it was with just point 1

Good luck 😂

Since you can only own 49% it means you will own nothing

If you trust her it's the same as going into business with someone in your own country! Don't get your question really! Depends on you, her, business, everything. There is no single answer.

If you trust her, do it. If you Don't trust her and asking strangers on fb for advise,....don't do it

Is it a business she has now. How are you going into it. Legal partnership with drawn up documents?

Just waiting to read the response to this!

Seriously? You want to go into partnership with your Thai partner but you don’t want anyone to give you advice to scream that it possibly isn’t a wise idea. Ok. Your call.