How can a foreigner open a restaurant in Thailand?

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How can a foreigner open a restaurant in Thailand?

If you are going to have foreign workers, some requirements must be met: 2 million baht minimum registered capital and 4 Thai employees per one work permit for foreigner. After filling a Memorandum of Association directors should submit an application within 3 months to register the company.

How can I open a restaurant in Thailand?

Step By Step Process Of Setting Up A Restaurant Business In…

  1. Step 1: Choose the business location.
  2. Step 2: Finalizing Company Structure And Initiating Registration.
  3. Step 3: Appointing A Thai Director.
  4. Step 4: Register The Company With Ministry Of Commerce.
  5. Step 5: VAT and Tax Registration.

What business can a foreigner do in Thailand?

Top 10 Business Opportunities in Thailand

  • Import and Export Company.
  • IT Consulting Business.
  • Translation Services Business.
  • Create a Catering Company.
  • Real Estate Company.
  • Healthcare Services Business.
  • Opening a Resort.
  • Travel and Tour Companies.
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How much would it cost to start my own restaurant?

The average restaurant startup cost is $275,000 or $3,046 per seat for a leased building. Bump that up to $425,000 or $3,734 per seat—if you want to own the building. Our restaurant startup cost checklist breaks down all the costs you’ll need to consider to make your dream a reality.

How much money do I need 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. If you have a Thai spouse, this requirement is reduced to 1 million Baht.

How can a foreigner make money in Thailand?

Here’s an overview of the most common ways for foreigners to make money in Chiang Mai:

  1. Teaching English (or something else)
  2. Working online: being a Digital Nomad.
  3. Exporting / selling things on eBay.
  4. Trading stock or foreign currencies.
  5. Call center jobs.
  6. Running a bar, restaurant, guesthouse / resort.
  7. Renting out property.
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Are restaurants profitable?

Are Restaurants Profitable? Yes, restaurants are profitable, but they have low profit margins. Profitability depends on many factors including the size and type of restaurant, as well as economic ones. It takes an average of two years for a new restaurant to turn a profit.

Can I buy a business in Thailand?

Even the Thai government would welcome the building of new businesses to earn income and to contribute to the Thai economy. Under normal circumstances, comparing to Western standards however, a foreigner cannot truly own a business in Thailand to a 100\%, extent.