Start a business in Pattaya
Only 17,000 Baht ( 1M Baht Capital)
Foreign visitors who wish to settle down in what appears to be the land of milk and honey and make Pattaya their new hometown, but neither receive a pension nor some other kind of regular income from abroad, will probably lookout for business and work and think how to start a business here.
The idea of moving to Thailand and starting a business there is becoming very popular among tourists. Friendly people, tropics, the sun and the atmosphere of an eternal holiday inspire the idea that business in Pattaya does not require much effort and brings only pleasure.
Foreigners can start their own business, but their share can not exceed 49%. This means that in order to open a business, non-residents must have a Thai partner.
Of course, there are some exceptions: in some areas a foreigner can own a large percentage of shares if his business is governed by The Foreign Business Act.
From another point of view, when you start a business in Pattaya you need to get a special license, providing a certain package of documents in Thai.
For foreigners, the most profitable business in Pattaya is restaurants and bars, transport rent they can also import goods, renting housing, and kindergartens.
Another point, when you start a business in Pattaya you will have to set up a company and apply for a work permit.
The basic requirement for both is a Non-immigrant “business visa” which can be applied for at Thai embassies or consulates, preferably in your home country.
Complete the form to enquire about Registering a Thai Company in Pattaya
Start a business in Thailand
Nothing new about the increasing number of entrepreneurs looking to combine the change of living, work and play in the land of smiles.
Thailand has friendly people and a very high standard of living, that’s why most visitors are looking to settle or retire here on a fixed income.
However, as the country continues to industrialize, it’s also cited as an example of a remarkable economic success story.
It’s important to consider which company structure will suits your need before register your business in Thailand
Sole trader-in Thailand there are some professions in which a sole trader is prohibited from working.
When you start a business in Thailand and you are thinking of setting up a partnership with others, you can choose one of several different structures.
If the partnership is not registered means that you and your partners are jointly liable for any debts incurred.
Most partners must contribute something to the business, such as labor or capital if you are setting up a partnership.
When a foreigner is decided to start a business in Thailand there are some rules which set out the ways in which they can register and operate
Businesses can also be registered in the names of non-Thai nationals but in certain business areas, the company must be at least 51% Thai owned.
Half of your directors should be Thai if you want to set up a public company.
You have to prepare important documents such as Articles of Association, Memorandum of Association, Application form and list of shareholders, New director form signed by each director, also a Declaration of Business Operation form, the Company name reservation, and Details of the offices and branches of your business.
And do not forget, if you start a business in Thailand, before register your company you will also have to pay at least 25% of the initial investment capital into a corporate bank account.
New company registration
First of all, you need to ask yourself why do you want to start a business and then you have to use this question to guide what kind of business you want to start.
When you already have the reason do not stop by asking yourself even more questions because that will help you to figure out what type of business you should start and if you have what it takes.
Be brutally honest with your answers. This will create a foundation for everything you does moving forward, so it’s better to know the truth now than later.
Do you already have a killer business idea? If so, congratulations!
Now you are wondering where could you start and put in practice your brilliant idea?
How about Pattaya?
Think about how it will look if you will start a company in Pattaya, do you think it would give you pleasure?
I am sure your answer will be a positive one, so all that is missing is to know the steps you must follow for you to start your company in Pattaya.
The first point is to choose a good company name.
There are many rules showing what can be chosen as a company name when you decide to start the process of your new company registration and the most important being that it’s different from any company that already exists.
Your new company needs a name which may be the most important decision you make.
The name of your business has a huge impact on how customers and investors view you.
Must be unique and unforgettable, you also have to avoid unusually spellings, stay with words that can easily be spelled by customers. Also, keep it simple.
Now is time to assemble the details to register the company.
When you re ready to finish your new company registration you may have to follow a few instructions.
You need to have your company name, what your company plans to do, you also must provide details about the capital to be created, the company director and your initial shareholder.
Now, you need to prepare Memorandum and Articles of Association which makes up the constitution of the company.
A new company registration maybe sounds complicated but in fact, it seems to be very easy. But if you have any problems in your process you may have to remember that you can always count on our help.