There are ample bars or restaurant-cum-bars in Thailand that have foreign owners. … But yes, there is legal nitty-gritty too.
Can I 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.
How much do you need to open a bar in Thailand?
Having to have 3 million baht in a Thai bank before you can start.
Can a foreigner own a bar in Thailand?
Foreigners can not own land in Thailand whether that be a house, bar, or whatever.
Can an American own a business in Thailand?
Only Americans Can Own 100% of a Business in Thailand
Thailand has an agreement with the United States called the Treaty of Amity, which allows Americans to own 100 percent of a business in Thailand.
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.
What’s a bar fine in Thailand?
Bar Fines. … If they agree to go with you and you wish to take her out before the bar closes, you have to pay a fee (around 300-500 Baht) known as a “bar fine”. This is to compensate the bar for the time that she is out of the bar, where she would normally be entertaining and attracting more customers.
How do I open a restaurant in Thailand?
Step-by-Step Procedures of the Setting up a restaurant business in Thailand
- Step 1: Choose the business location. …
- Step 2: Finalizing Company Structure And Initiating Registration. …
- Step 3: Appointing A Thai Director. …
- Step 4: Register The Company With Ministry Of Commerce. …
- Step 5: VAT and Tax Registration.
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 open a bar in Bangkok?
Here, Bangkok bartenders tell us what it takes to stay in business.
Here, we spoke to a few bar owners—both new and old, Thai and expats—about their struggles starting out and staying open.
- Paying the Rent. One of your biggest costs is going to be rent. …
- Getting in the Booze. …
- Pleasing the Cops. …
- Doing Things Differently.
Can you make money in Thailand?
Common ways to make money online (not just in Thailand but everywhere): Blog (Affiliate commissions, product sales, placements of ads, paid guest posts etc.) Pure affiliate sites (i.e. building a whole website around niche products, link them to shops like Amazon and get a commission for each sales referral)