Good evening everyone, please if a foreigner (American) wants to establish a food business in Thailand what are the necessary steps to take your advice is highly appreciated, we are currently on tourist visa.
TLDR : Answer Summary
To establish a food business in Thailand, an American must consider several steps and regulations. It is crucial to secure the appropriate visa, typically a Non-Immigrant B Visa, which requires sponsorship and a work permit. Investors should consult legal advisors for specific requirements, which include registering the company and maintaining Thai partnerships or local staffing. Budgeting approximately $10,000 to $15,000 for the essential processes and understanding that substantial market competition exists is also recommended. The Treaty of Amity may allow for full foreign ownership under certain conditions.