Starting Business in Bangkok

[saxromeo]

I wanna operate a business in Bangkok. But i heard it can be quite complex,i need to have a thai national to own at least 50% of the company shares.Is that true?
Does anyone here knows the procedures to start a office in Thailand ?

[bhs72]

Hi there,

You may like to make a trip to Thai embassy, they will advise.

However, as far as i know, not that easy to open up a company thee, due to the local directorship and shareholding requirement.

Might have changed, am not sure. Hope it helps.

[saxromeo]

Yup. thats wat i understand.Last check,a thai director must be employed. they sorta have a "close door policy" which deters overseas investor. Thanks for the advise though.

[MisterSportivo]

thai must hv majorirty share and at least 6 or 7 thai shareholder.

[ahyong]

i think the max u only can hold only 49% if i m not wrong 51% will become to your thai partners

[bkkguy]

Originally Posted by saxromeo

I wanna operate a business in Bangkok. But i heard it can be quite complex,i need to have a thai national to own at least 50% of the company shares.Is that true?
Does anyone here knows the procedures to start a office in Thailand ?

What business you have in mind ?

[KhunVi]

Originally Posted by saxromeo

I wanna operate a business in Bangkok. But i heard it can be quite complex,i need to have a thai national to own at least 50% of the company shares.Is that true?
Does anyone here knows the procedures to start a office in Thailand ?

It depends on what kind of business you are looking at.

I work alot with SUNBELT in trying to establish myself in the country.

[linnaohia1]

Must be sex related biz rite, if not shouldnet be asked in this forum ....

[bkkguy]

Originally Posted by KhunVi

It depends on what kind of business you are looking at.

I work alot with SUNBELT in trying to establish myself in the country.

You bought a business with Sunbelt ??

Personally, I find that their listed businesses are not that cheap.

[KhunVi]

Originally Posted by bkkguy

You bought a business with Sunbelt ??

Personally, I find that their listed businesses are not that cheap.

YES!

It's never easy owning any business in a foreign land. If I want the easy way, I guess $ is the option. I do know that by starting up on my own, it may be only 50% of what I am paying for but then I need SUNBELT's business and legal expertises to protect my rights as a partner / owner for the thai business.

I can't expect to get any true help from SB Forum, searching the internet, or from whatever tirak or thai friends I have, right?

[Eastpipper]

must be sex industry biz...if not wait to be zap nia...

[bkkguy]

Originally Posted by KhunVi

YES!

It's never easy owning any business in a foreign land. If I want the easy way, I guess $ is the option. I do know that by starting up on my own, it may be only 50% of what I am paying for but then I need SUNBELT's business and legal expertises to protect my rights as a partner / owner for the thai business.

I can't expect to get any true help from SB Forum, searching the internet, or from whatever tirak or thai friends I have, right?

Don't mind me asking what kind of business you bought ?

[humpcheepang]

Originally Posted by saxromeo

Yup. thats wat i understand.Last check,a thai director must be employed. they sorta have a "close door policy" which deters overseas investor. Thanks for the advise though.

Jus like Malaysia, you need to employ an "Ah Gong" as director, give him shares too.......

[High till Dry]

Threadstarter should have posted his thread in international section since we also have threads with regards to food, accomodation and currency exchange in Thailand...

[steroidfreak]

yes, it is not easy to operate in thailand,

my company set up a office there and need to hire the native as the in charge, in fact, the company is under his name...and even if he was sacked, our company need to pay him till a certain date...

you know of the shin corp deal rite?

china and thai is not a good place to do business, you need local contacts there..to be safe.