Can foreigners open restaurant in Thailand?
Opening a restaurant in Thailand seems to be tough because there are a huge number of restaurants all over Thailand and it is really hard to compete against the Thai people since Thailand has a foreign business law that prohibits foreigners from doing most businesses.
Do you need any license when operating a restaurant business in Thailand?
If you are operating a restaurant or bar with the area larger than 200 square meters, you will need to apply for the food and/or alcohol (retail) license for your company whereby the license certificates should be placed in a visibly located area of the restaurant or bar.
How much does it cost to start a business in Thailand?
As it currently stands, the minimum capital requirement for a Thai majority shareholder company (limited) is 2 million Baht, with a government set up fee of roughly 7,000 Baht.
How do I get permission to open a restaurant?
Before you become a restaurant owner, you need to obtain this government-issued license. In the U.S., every business must have a license in order to operate legally. Often this includes a registration fee of around $50 and a filing fee for the license, which ranges from $25 to $500.
Can foreigners own a bar in Thailand?
In order to open a bar in Thailand, foreign citizens need to have a Thai partner who must own 51% of the business. On the other hand, opening a bar in Thailand means respecting the rules and the regulations as for opening any kind of business in the country.
Is Thailand Open for business?
Thailand is indeed open to all American business visa holders. For further information on requirements for U.S. citizens to enter the country, visitors should consult the Royal Thai Embassy’s website or go to the Thai embassy in Washington D.C.
How much is a liquor license in Thailand?
These licenses all expire on December 31 and must be renewed annually at a cost of 1100 baht. Applications for Thailand Liquor Licenses are filed with the District Office for the area where the restaurant or bar is located. The license must be in the name of the holder of the business.
How do I get a Thai business license?
How to Apply for a Thailand Business Visa?
- Contact the Embassy or Consulate. …
- Collect the required documents for a Thai Business Visa.
- Submit the Thai Business Visa application. …
- Wait for the Embassy/Consulate staff to process your visa application.
- Retrieve your passport and documents.
How do I get an international business license in Thailand?
Foreign investors and foreign owned businesses can apply for a Foreign Business License at the Foreign Licensing Department of the Ministry of Commerce in Thailand. The minimum capital requirement for the formation of such a company in Thailand is 2 million THB.
Can I live in Thailand permanently?
Obtaining status as a Permanent Resident (PR) in Thailand has many advantages. It allows you to live permanently in Thailand, with no requirement to apply for an extension of stay. … You will also be able to apply for an extension of stay and Permanent Resident status for your non-Thai family members.
Is it hard to start a business in Thailand?
Starting a business in Thailand is not as hard as you would think, since the country is very capitalistic and extremely receptive to foreign businesses. And with a nation of spenders on the heels of China’s explosive growth, Thailand is on the receiving end of an exploding middle class with cash to spend.
What is a good salary in Thailand?
Average Salary in Bangkok, Thailand
Currently, the average wage in Bangkok is of 25,500 Thai Baht per month, or approximately 800 USD. Bangkok has some of the highest average salaries among ASEAN members capitals.