Getting a lot of comments from people who think I am somehow recommending opening a business in Thailand for everyone as an alternative to every other investment option lol. Please don't open a business in Thailand unless you have a competent business plan and have a specific reason to do so in Thailand. Apologize if that sounds like common sense but just making sure as I am getting some ridiculous comments. Like all things in Thailand, there's the technically correct answer and the real way it works. I am not about to say anything specific as obviously it'll open me up to liability issues so please do your research. This video was created in an attempt to just go over Dea's personal experience having run a Thai business as a foreigner for 7 years. Your experience may vary depending on the lawyer or accountant you hire as every other visa legal issue in Thailand so again, do your own research before jumping into anything and please use common sense
Hi I like your conversation with this two business lady.Seems their accountant or lawyer is an expert.Would you please introduce me with the lawyer please .Herewith my email : ownlinejk@gmail.comThanks
If you take a break and fire the employees, IT DOES NOT cancel the work permit! It just means you have to hire 4 more before your extension time comes around. Once you have the permit you can scrap all the staff and do what you want until the renewal time comes. Then you hire the staff again to renew your visa. It's only a legal requirement to have the staff in order to get the permit and visa first. Legal loophole right there and there is nothing they can do about it.
@@livetravelasia So I don't know for a fact but i believe you need other american partners in said business and their are sectors that this treaty bars Americans business from participating in. Owning land; Engaging in the business of inland communication;Engaging in inland transportation and communication industries; Engaging in fiduciary functions;Engaging in banking involving depository functions;Engaging in domestic trade in indigenous agricultural products; Exploiting land or other natural resources. That's from the old US department of commerce page on the treaty. circa 2007.
As I understand it, the Thai-US Amity treaty does allow a US person to own 100% of the shares of a Thai company. There are some restrictions and limitations on operations in certain industries like telecommunications and it doesn't allow for foreign ownership of land, so there are still limits.
to open a business in Austria costs about 35,000, which you don't even keep in your account, but invest in the business. and in Thailand you own 49% ... so it's a lot to invest 66,000 for 49%
Too much headache. Investment Visa or elite visa is a lot easier. The best value elite visa is 1m baht for 20 years. Or buy 2 condos 5m each. Buy one, rent one out. Both are cheaper than running a shell company with 4 employees.
@1CBRDUDE but is it bad enough that you will lose 1m baht on 10m over 20 years? There are some calculations that should be done before deciding which route to go, like comparing time value of the 1m baht. Can you rent the same unit for a smaller percentage than you can make by putting that money into other investments? if buying makes sense for you over renting, the additional investment to reach 10m may be more attractive than sinking 1m into the elite visa. everyone will have different results when doing calculations. for the risk averse the elite visa is the one to get. however, if you indeed plan on living there, and want to live decently in a nice place in the city center, the investment visa can make sense.
Haha all options but if you have need for low cost labor than Running a business is a great option. But I wouldn’t run a shell company. For condos I’d probably stick to buying more than two and air bnb ing them but I’ve also heard from other investors it’s less hassle to buy a really good one and rent to high end but 5m wouldn’t get you a high enough one. It’s not great enough nor is it affordable enough at 5m imho but if you can find a great one great. But if I wasn’t committed to any of these plans as I wouldn’t be comfortable w any of them, why not just travel around if you have all that money. I personally don’t understand people who go through great lengths to just stay in one place. Tourist visa all the way, come to Thailand twice a year and enjoy yourself in other countries
Put your wife and three other close family members on the payroll ($25,000 a year) then have them support you to the tune of up to $25,000 a year it costs you to live there one way and another. Plenty of room to move I’d say if you are already supporting family.
Haha there’s definitely creative ways if you start thinking but not sure if it’s completely legal. But definitely seems what is a technically written way and what is actually in practice when I ask people unofficially is different. Too many gray areas I personally don’t feel comfortable working in them but nothing goes as planned in Thailand either
That’s where your good lady Accountant comes in. Ways to get things done within the law without sending you broke in the process. As she already said, the two million does not have to be cash in the bank. Who you employ may not be a stranger.
That's very interesting, as an American citizen I know I can open up shop and own it there, never thought 2 million was the minimum, that 10 million is not impossible, but now, 10 million goes straight to the company i imagine.
Haha I can’t comment on the details cause there seems to be so many gray ways to get around it but just as many ways people lose their money. I’d only do it legit otherwise plenty of other business opportunities in se Asia
I’ll try to do more short ones like these but definitely subscribe to my ua-cam.com/users/talkasia channel for these types of videos to come. More on buying condos etc to be released as well as live-streams
(very basically) for Americans you: 1) instantiate the company the way she was taking about 2) Apply for amity treaty certificate. This yields 100% foreign owned Thai company. It takes longer than the whole "LegalZoom LLC" for $99 you can do in the US and will cost more than $300 and you should allocate more than 40,000THB/month (i.e. 10k/Thai employee/month) + virt office cost BUT indeed there are substantial tax benefits *especially* if wanting to take advantage of FEIE.
If you are planning to take FEIE, you can just get the Elite Visa instead of wasting 40,000 THB/month + virtual office. Million baht gives you 20 year visa with unlimited stays.
@@tonythaiger93 The Elite visa prohibits working. If you are going to do something unlawful, indeed, your options are almost unlimited... if you are willing to accept the consequences. If you're going to break labor laws, just stay in the US and don't pay taxes...
Yeah this definitely isn’t worth it to just stay in Thailand. Honestly I don’t think anything is worth staying just in Thailand for. As great as the country is, if you can afford it, just travel around and enjoy all that the world has to offer :)
Wish I could help but but you could try contacting the person Dea uses I've put him in the description below but shop around to make sure you're getting the best person :)
Oh no! Thank you so much for the heads up. I was too lazy to set up deas affiliate link too so I’ll try to fix all that when I get some breather from editing haha
Hey Guys good information thanks! Perhaps would be good to focus next time on perks/value of Thailand potential passport if doing the investment or company way!
Haha yeah... I am honestly not too familiar with the investment visa. I can only see investment visa being good that you don't have to hire workers and business visa being good in that you get a work permit which you can use for various forms of identification etc to open bank accounts etc. You also won't get in trouble for working in thailand and "work" is very broadly defined in thailand so that's somewhat a necessity if you're planning to live there
Yes what Sarah says. Generally speaking I haven’t experienced any local Thai products that are bad for your health and such. In China and Vietnam I’d be a bit more careful as there’s frequent problems but probably due to abundant natural resources available in Thailand most products are nature based as i imagine it would be cheaper to do that than make chemicals here
It’s a good mindset to always be a bit skeptical. A rule of thumb, not everyone but there will always be a few that will take advantage and do unethical things to make a few more bucks in this world. That being said, Thailand has proven to be one of those places I see less of this from
Hey any suggestions on how to set up an educational agency where you will have to bring teachers from abroad? Plz this is my specific question ❓ how much to have in account and can you suggest any agency that can help me in this . Thankz
I couldn't tell you in detail. Would recommend you contact a professional like Dea's contact as information is constantly being updated and applied differently in this field :)
Good information coming from this channel. I’m moving there next week for 1 year. Btw seems dangerous opening a business there unless you are very well connected or have a thai wife.
Yes. Americans have the exception where they can own the entire company but there needs to be American workers. On PAPER it is also shown that he owns the company.
@@livetravelasia Well, here in Kamala there is a very good Gentleman I know named Boomer. He can tell you more about it. I don't have that situation simply because i go back and forth so i am not always available to sign papers.
Find it helpful. Tq. As I'm planning to start something there to settle down there with my beautiful girlfriend. Any other extra information from other viewers or the creator of the video would be helpful and i would appreciate. TQ again
Let Dea know that I am offering to do the inspections on the bikini lines! 😁 Thinks may have changed, but there used to be a list of businesses that the Thai government would allow foreigners to do.
I don't feel comfortable advising on visas as not only does the policy constantly update, but it's applied differently based on the office, the mood of the officer you meet etc. I'd recommend you contact a professional as mentioned in the video as that's the the most reliable method. I'd also only consider the investment or business visa if you have a need, as I personally think the cost and trouble is not worth it when you have other easier more reliable methods of securing a visa
How about putting the business in your Spouse's (Thai Citizen) name, and she/he pays you (The Visa Holder / Foreigner) .. Then there's no 4 Thai citizen requirement to pay them full time?
There are lots of loopholes I guess but it’s a constant cat and mouse game. Thailand has already thought of this because they require even Thai businesses to employ so many Thai workers to hire a foreign worker and lots of requirements to have a foreign worker I don’t even wanna look into
How about if I want to buy an already existing business as a foreigner? Like I don’t have to start something new, more like invest/buy a business that’s already working atm..?
BTW this is awesome info I'd love to start a business in Thailand one day, I thought it was much more expensive than 66k. Seems way more doable than previously thought.
Yeah I always discounted it myself from all the people who have told me about the horrible experiences but she’s been doing it for 7 years without any issues. It’s also 66k invested on paper value not being in the bank so that was another revelation
I thought there was even a 200 something one but not as good? Haven’t followed up on it. 500k is pretty damn expensive... I’d just use that money to travel around for the 6 months a year or so that I can’t be in Thailand hehe
I'm also thinking of doing restaurant business in Thailand or getting hotel on lease do you think it's good idea opening restaurant in Thailand for Indian person please let me know
Right now the business situation in Thailand seems way too complicated for a foreigner but ultimately it all comes down to supply and demand. If you can open an Indian restaurant that serves food or services that doesn’t exist in Thailand, who’s to say it won’t succeed :)
I am little confused My genuine question is she said no need to be 2 million in banks than how will the registrar know u have that much money Please give me the contact no of the middle girl to solve my confusion
I imagine so but to be honestly with you I am not an expert in this subject matter thus I interviewed Dea. If this is something you’d want to pursue further I recommend you start w her contact and do a bit more independent research. Even if I knew I don’t want to advise further on record due to liability reasons :)
That’s more expensive than it is to start a business in America but then much less $ to have employees and office space. I’d like to open a telemarketing firm in Bangkok to support my company in America.
LIVE TRAVEL ASIA yes I get calls often from those places but I’m looking for a place to live part-time and enjoyed Bangkok last couple trips there. I would think your students or university students may be good callers, what do you think?
Honestly they even use Philippinos for call centers here... I would go w Philippines for call centers. They are all practically fluent. For a similar level of fluency in English in Thailand you’ll have to pay more... but if it’s only a few callers maybe it won’t be much of a difference. The quality of life is definitely better in Thailand and the internet is better... but definitely checkout Philippines if you haven’t already
Errrr maybe......../.I’m not sure ........ not very much ........ possibly ....... informative video ? .......... errrrrr not really . - How long have you been here not to know this stuff?!
when it comes to business you'll find lots of conflicting information. There's what is the law and how it's really carried out. This was just an interview of someone who is doing it. I'd consult a lawyer for solid information. Last thing I'll do is claim there is any solid information you can rely on in Thailand cause you'll find it will be applied differently depending on which office you go to or how good or bad of a day your officer has had
Nothing is automatic in Thailand. It would be safe to assume you’ll always have to do more paperwork, and renew at least on a yearly basis. Regulations are always subject to change and application of such rules varied. This would be the biggest downside of trying to do anything in Thailand so if I was to do it, I’d just use someone I trust who got the connections like Dea. I personally don’t know him but based on how he charges what seems like a more than fare charge and a good testimonial more than the hundreds of others I haven’t heard and testimonials and charge much more, I’d probably start there and see if it will work with whatever you want to do with your business
That was very interesting for me because I am looking at setting up my first company in Thailand very soon. I have been looking at the shareholder structure and a farang cannot own more than 49% of the share capital and I understand that a company has to have 7 shareholders. i.e. I can have 49% and the other 6 hold the 51%. There are ways, to a certain extent, of protecting your capital by having a fixed and floating charge on the company maybe using a UK company (cheapest in the world to set up). Obviously enforcing anything is always going to be a problem because the Thai courts always favour the local Thais.
Yeah... this was a big turn off but after talking to dea it seems there are definitely ways. Also Americans seem to have some kind of an exception to this rule so you can look into that as well if you are. I think that’s probably a good idea to split up the shares amongst 6 other unrelated Thais you trust so not one of them can fully control your assets. That being said I am not sure about the rules but maintaining control of the 2 million of assets under your control should be easy ie keep the bank account in your name etc as the only person approved to access it etc. having shareholders own the company means not much when u control all the assets
Yeah you’re gonna have to put some Thai shareholders for sure than... unless you get an American shareholder but either way I wouldn’t feel too comfortable investing too much myself. Just take advantage of the low labor costs and possibly the tax benefit but definitely do a lot more research before jumping into anything and committing lots of money. I myself would never advise to invest any amount you’d regret losing as nothing is certain for foreigners in Thailand except that you’ll most likely remain a foreigner and only be welcomed as long as you have money
Did I? Americans aren't subject to it but for most yes. Actually I've stated this so many times in my other videos that starting a business in THailand is such a bad idea but due to popular request this was a video where I tried to show the positives for those that keep insisting haha
@@StArikAriel the 51/49 isn't a issue. When you set up the company make sure they cancel their vote rights and you're safe. But it's important to do because if they team up....you're outta there
It's rather insensitive to repeatedly say of the prices "wow, it's only X", and reveals you haven't been in the region long. That's a lot of money to most people in the world. It's not only that "it's so cheap", it's more that your home country is more expensive. The latter is true for a far greater percentage of people in the world. People born in some countries won the birth lottery.
Wow thank you so much for the offer! You’re so kind. I’ll keep that in mind if I have a business idea. But for now I hope you and your family have a fantastic new year and holiday season
Getting a lot of comments from people who think I am somehow recommending opening a business in Thailand for everyone as an alternative to every other investment option lol. Please don't open a business in Thailand unless you have a competent business plan and have a specific reason to do so in Thailand. Apologize if that sounds like common sense but just making sure as I am getting some ridiculous comments. Like all things in Thailand, there's the technically correct answer and the real way it works. I am not about to say anything specific as obviously it'll open me up to liability issues so please do your research. This video was created in an attempt to just go over Dea's personal experience having run a Thai business as a foreigner for 7 years. Your experience may vary depending on the lawyer or accountant you hire as every other visa legal issue in Thailand so again, do your own research before jumping into anything and please use common sense
Hi I like your conversation with this two business lady.Seems their accountant or lawyer is an expert.Would you please introduce me with the lawyer please .Herewith my email : ownlinejk@gmail.comThanks
I realize it is quite off topic but does anyone know of a good place to stream new series online ?
@Emerson Fox Flixportal :D
@Darius Collin Thanks, I went there and it seems like they got a lot of movies there :D I really appreciate it!!
@Emerson Fox Happy to help =)
If you take a break and fire the employees, IT DOES NOT cancel the work permit! It just means you have to hire 4 more before your extension time comes around. Once you have the permit you can scrap all the staff and do what you want until the renewal time comes. Then you hire the staff again to renew your visa. It's only a legal requirement to have the staff in order to get the permit and visa first. Legal loophole right there and there is nothing they can do about it.
This is really useful information. The ladies are an excellent addition!
Glad you enjoyed it John!
US-Thailand Treaty of Amity is what allows Americans to own a full Thai business. Restrictions apply!
Yeah I’ve heard this but have never pursued it. Theoretically it’s possible however. Any ideas what the restrictions are?
@@livetravelasia So I don't know for a fact but i believe you need other american partners in said business and their are sectors that this treaty bars Americans business from participating in. Owning land;
Engaging in the business of inland communication;Engaging in inland transportation and communication industries; Engaging in fiduciary functions;Engaging in banking involving depository functions;Engaging in domestic trade in indigenous agricultural products;
Exploiting land or other natural resources. That's from the old US department of commerce page on the treaty. circa 2007.
Wow thanks for this info. It’s actually a lot of restrictions lol
this is how I registered my company in thailand and hired my team. it's really not that hard actually.
Chatting with the chicks is a good addition to your channel.
I’ll try to chat w more lol
Lol I am sure those chats would be popular as well lol
As I understand it, the Thai-US Amity treaty does allow a US person to own 100% of the shares of a Thai company. There are some restrictions and limitations on operations in certain industries like telecommunications and it doesn't allow for foreign ownership of land, so there are still limits.
Yes I am pretty sure it stands today just don’t know how you go about setting everything up however
She was big mad when they was talking about how Americans can own 100% 😂
It's much better to have your own business than rely on a boss for your income.
This is especially true in today's economic situation.
Pros and cons. It’s also more susceptible to legal action in todays world as well
More interviews with Dea!!!!!
Ok will do
to open a business in Austria costs about 35,000, which you don't even keep in your account, but invest in the business. and in Thailand you own 49% ... so it's a lot to invest 66,000 for 49%
It's 4 employees for a work permit if you're not American. American's and a few other countries are thee exception.
Too much headache. Investment Visa or elite visa is a lot easier. The best value elite visa is 1m baht for 20 years. Or buy 2 condos 5m each. Buy one, rent one out. Both are cheaper than running a shell company with 4 employees.
@1CBRDUDE but is it bad enough that you will lose 1m baht on 10m over 20 years? There are some calculations that should be done before deciding which route to go, like comparing time value of the 1m baht. Can you rent the same unit for a smaller percentage than you can make by putting that money into other investments? if buying makes sense for you over renting, the additional investment to reach 10m may be more attractive than sinking 1m into the elite visa. everyone will have different results when doing calculations. for the risk averse the elite visa is the one to get. however, if you indeed plan on living there, and want to live decently in a nice place in the city center, the investment visa can make sense.
Heard renting out in Thailand is hard, it is very competitive
Haha all options but if you have need for low cost labor than Running a business is a great option. But I wouldn’t run a shell company. For condos I’d probably stick to buying more than two and air bnb ing them but I’ve also heard from other investors it’s less hassle to buy a really good one and rent to high end but 5m wouldn’t get you a high enough one. It’s not great enough nor is it affordable enough at 5m imho but if you can find a great one great. But if I wasn’t committed to any of these plans as I wouldn’t be comfortable w any of them, why not just travel around if you have all that money. I personally don’t understand people who go through great lengths to just stay in one place. Tourist visa all the way, come to Thailand twice a year and enjoy yourself in other countries
Put your wife and three other close family members on the payroll ($25,000 a year) then have them support you to the tune of up to $25,000 a year it costs you to live there one way and another. Plenty of room to move I’d say if you are already supporting family.
Haha there’s definitely creative ways if you start thinking but not sure if it’s completely legal. But definitely seems what is a technically written way and what is actually in practice when I ask people unofficially is different. Too many gray areas I personally don’t feel comfortable working in them but nothing goes as planned in Thailand either
That’s where your good lady Accountant comes in. Ways to get things done within the law without sending you broke in the process.
As she already said, the two million does not have to be cash in the bank. Who you employ may not be a stranger.
LOL love the idea 💡 😂
The amity treaty between the USA and Thailand enables US citizens to own 100% of a business in Thailand.
I liked the vid. But i want to buy the deo concealer thing. Can you please tell me where to order? Thank you
That's very interesting, as an American citizen I know I can open up shop and own it there, never thought 2 million was the minimum, that 10 million is not impossible, but now, 10 million goes straight to the company i imagine.
Haha I can’t comment on the details cause there seems to be so many gray ways to get around it but just as many ways people lose their money. I’d only do it legit otherwise plenty of other business opportunities in se Asia
Hey hi
love these open chats very entertaining
I’ll try to do more short ones like these but definitely subscribe to my ua-cam.com/users/talkasia channel for these types of videos to come. More on buying condos etc to be released as well as live-streams
Thank you for sharing
(very basically) for Americans you: 1) instantiate the company the way she was taking about
2) Apply for amity treaty certificate. This yields 100% foreign owned Thai company. It takes longer than the whole "LegalZoom LLC" for $99 you can do in the US and will cost more than $300 and you should allocate more than 40,000THB/month (i.e. 10k/Thai employee/month) + virt office cost BUT indeed there are substantial tax benefits *especially* if wanting to take advantage of FEIE.
Awesome thank you for clarifying this
👍 more info here than the 18 minute video
@@bellsbeach1208 hehe. Lemme know if I can help
If you are planning to take FEIE, you can just get the Elite Visa instead of wasting 40,000 THB/month + virtual office. Million baht gives you 20 year visa with unlimited stays.
@@tonythaiger93 The Elite visa prohibits working. If you are going to do something unlawful, indeed, your options are almost unlimited... if you are willing to accept the consequences. If you're going to break labor laws, just stay in the US and don't pay taxes...
Brother you're killing it, great information and i hope you keep making similar vids to help people thinking about making something happen..
For sure buddy! Thank for the comment and hope you have a fantastic new year
Just get an Elite Visa and enjoy the perks...less hassle.
Haha yeah if money isn’t an issue that’s the way to go. Actually I’d probably just get an investment visa
Yeah this definitely isn’t worth it to just stay in Thailand. Honestly I don’t think anything is worth staying just in Thailand for. As great as the country is, if you can afford it, just travel around and enjoy all that the world has to offer :)
I am confused. If you are in Thailand on "retirement" visa, can you start a "business"?
No. You need a work permit or work visa to work. Retirement visas require you prove you have money to simply spend
Hi, not sure if you can still intro me to the laywer Deah is using. I am planning to start a business in Bangkok soon.
The contact info is in the descriptions. I haven’t talked to dea recently so not sure if she still uses him
Hi superb video. Can someone help me opening Thai market - new online shopping apps
Wish I could help but but you could try contacting the person Dea uses I've put him in the description below but shop around to make sure you're getting the best person :)
FYI - Affiliate link to Final Cut Pro X dead, looks like Amazon doesn't sell it anymore
Oh no! Thank you so much for the heads up. I was too lazy to set up deas affiliate link too so I’ll try to fix all that when I get some breather from editing haha
All great information 👌
Thank you Fernando!
Awesome content!
Thanks buddy! Have a fantastic new year as well!
Hey Guys good information thanks! Perhaps would be good to focus next time on perks/value of Thailand potential passport if doing the investment or company way!
Haha yeah... I am honestly not too familiar with the investment visa. I can only see investment visa being good that you don't have to hire workers and business visa being good in that you get a work permit which you can use for various forms of identification etc to open bank accounts etc. You also won't get in trouble for working in thailand and "work" is very broadly defined in thailand so that's somewhat a necessity if you're planning to live there
Is her product work? I wandered where she get that product, is it safe ???
It is safe. She also uses it. And she sells them every day.
Yes what Sarah says. Generally speaking I haven’t experienced any local Thai products that are bad for your health and such. In China and Vietnam I’d be a bit more careful as there’s frequent problems but probably due to abundant natural resources available in Thailand most products are nature based as i imagine it would be cheaper to do that than make chemicals here
@@livetravelasia thanks for the info, but I'm still a bit skeptical
It’s a good mindset to always be a bit skeptical. A rule of thumb, not everyone but there will always be a few that will take advantage and do unethical things to make a few more bucks in this world. That being said, Thailand has proven to be one of those places I see less of this from
@@livetravelasia 👍😇 u r absolutely right, hey thanks for all ur responses ⭐⭐⭐
Hey any suggestions on how to set up an educational agency where you will have to bring teachers from abroad? Plz this is my specific question ❓ how much to have in account and can you suggest any agency that can help me in this . Thankz
65k is not alot??😧😧😧
Money is relative
Is it ok to have 4 staff from same thai family...
I don’t see why not
What's the rules for opening a restaurant.
I couldn't tell you in detail. Would recommend you contact a professional like Dea's contact as information is constantly being updated and applied differently in this field :)
These 2 girls are so cute.
Glad you liked them tommy! :)
Good information coming from this channel. I’m moving there next week for 1 year. Btw seems dangerous opening a business there unless you are very well connected or have a thai wife.
Thank you Tommy 😎
Yes. Americans have the exception where they can own the entire company but there needs to be American workers. On PAPER it is also shown that he owns the company.
www.siam-legal.com/Business-in-Thailand/US-Thai%20Amity.php
Come over to Phuket man! Pa-Tong area.
Yeah this is what I keep hearing
@@livetravelasia Well, here in Kamala there is a very good Gentleman I know named Boomer. He can tell you more about it. I don't have that situation simply because i go back and forth so i am not always available to sign papers.
Awesome. If I ever need to set up a company I know where to go hehe. I’ll eventually end up in Phuket but I’ll venture over to patong next time :)
Find it helpful. Tq. As I'm planning to start something there to settle down there with my beautiful girlfriend. Any other extra information from other viewers or the creator of the video would be helpful and i would appreciate. TQ again
Sorry I don't have much else to add to this topic but I wish you the best!
Let Dea know that I am offering to do the inspections on the bikini lines! 😁
Thinks may have changed, but there used to be a list of businesses that the Thai government would allow foreigners to do.
Lol she checks out these comments
I called the number and I sent email but I didn’t get any reply! Can you help?
Sorry I don’t know how to get businesses done but it may be due to covid. Try again after things settle down there
What’s the name of the one in middle giving advice
We are interested
Check the link below for deas contact
If the Law says 2mil and the money is not deposited in bank than where will 2mil go?
Please contact a professional, we have linked one in the descriptions
Was she in Take Me Out Thailand?
I don’t think so... She was recently in a singing competition however
Yes Dea was in Take Me Out Thailand 2 years ago. I was in a game show for singing competition 😎 Master Key Thailand just two weeks ago.
Can you explain the process of getting a visa for being self employed? lets say after doing some investment like buying a shop or Taxi, ferry etc.
I don't feel comfortable advising on visas as not only does the policy constantly update, but it's applied differently based on the office, the mood of the officer you meet etc. I'd recommend you contact a professional as mentioned in the video as that's the the most reliable method. I'd also only consider the investment or business visa if you have a need, as I personally think the cost and trouble is not worth it when you have other easier more reliable methods of securing a visa
You can buy elite visa for 5 years for thailand
Sarah on the outro is great!
Haha thank you, Jay! 😁
Glad you enjoyed it! Merry Christmas
How about putting the business in your Spouse's (Thai Citizen) name, and she/he pays you (The Visa Holder / Foreigner) .. Then there's no 4 Thai citizen requirement to pay them full time?
There are lots of loopholes I guess but it’s a constant cat and mouse game. Thailand has already thought of this because they require even Thai businesses to employ so many Thai workers to hire a foreign worker and lots of requirements to have a foreign worker I don’t even wanna look into
No. Only 1-million-baht investment and 1 Thai staff.
How do I get in touch with you?
Facebook insta are best
How about if I want to buy an already existing business as a foreigner? Like I don’t have to start something new, more like invest/buy a business that’s already working atm..?
Not sure about that case... you could always purchase it under a new business but sounds more like an investment visa would be better
Can I work and live in thailand with no degree
It’s possible but it’ll be harder
Hi there, I m planning register my business in Bangkok, please intruduce your accountant for me to incorporate my business.
The information is in the descriptions
What Ramen place is this in Bangkok?
It's in the G tower next to central rama 9
@@livetravelasia I was trying to get the name of it to look it up. I like the background.
Can’t remember honestly but it was in the corner
BTW this is awesome info I'd love to start a business in Thailand one day, I thought it was much more expensive than 66k.
Seems way more doable than previously thought.
Yeah I always discounted it myself from all the people who have told me about the horrible experiences but she’s been doing it for 7 years without any issues. It’s also 66k invested on paper value not being in the bank so that was another revelation
Elite visas start at 500k baht for 5 years Ethan.
I thought there was even a 200 something one but not as good? Haven’t followed up on it. 500k is pretty damn expensive... I’d just use that money to travel around for the 6 months a year or so that I can’t be in Thailand hehe
LIVE TRAVEL ASIA 😆 Well that’s a thought.
Hehe
I want to starte business in Pattaya , can any one give more information about Pattaya
Feel free to contact her referral
@@livetravelasia How do I contact them?
Contact no , email
I'm also thinking of doing restaurant business in Thailand or getting hotel on lease do you think it's good idea opening restaurant in Thailand for Indian person please let me know
Right now the business situation in Thailand seems way too complicated for a foreigner but ultimately it all comes down to supply and demand. If you can open an Indian restaurant that serves food or services that doesn’t exist in Thailand, who’s to say it won’t succeed :)
I am little confused
My genuine question is she said no need to be 2 million in banks than how will the registrar know u have that much money
Please give me the contact no of the middle girl to solve my confusion
oh i bet you want her number for something..wink wink
Yes Americans can own 100 percent
Wow thanks for confirming this
🙏
Thanks for the comment buddy! Have a fantastic new year
I had to pay 112000 baht
Is that the fee to the government or what you paid the agency??
I want to open a business with another foreign partner. Do you know if we can get work permits under the same company by just hiring 8 Thai employees?
I imagine so but to be honestly with you I am not an expert in this subject matter thus I interviewed Dea. If this is something you’d want to pursue further I recommend you start w her contact and do a bit more independent research. Even if I knew I don’t want to advise further on record due to liability reasons :)
@@livetravelasia thanks
Wish you the best buddy :)
That’s more expensive than it is to start a business in America but then much less $ to have employees and office space. I’d like to open a telemarketing firm in Bangkok to support my company in America.
Possibly a good setup but the level of English is probably better in the Philippines and India. I’d also look into options there
LIVE TRAVEL ASIA yes I get calls often from those places but I’m looking for a place to live part-time and enjoyed Bangkok last couple trips there. I would think your students or university students may be good callers, what do you think?
@@livetravelasia The Indian accent is quite heavy so does the Philippines, but to me India is better 🙂⭐
Honestly they even use Philippinos for call centers here... I would go w Philippines for call centers. They are all practically fluent. For a similar level of fluency in English in Thailand you’ll have to pay more... but if it’s only a few callers maybe it won’t be much of a difference. The quality of life is definitely better in Thailand and the internet is better... but definitely checkout Philippines if you haven’t already
LIVE TRAVEL ASIA thanks I appreciate the honesty
give some more light on this topic
I will when I can interview someone with more experience :)
Is this the right time to open up a restaurant in with all the political issues and no tourism? Thank!
I wouldn’t open a business right now
In paper I have 8 millions $ but in real time I have $1😂
Where is your guys from?
Sarah is thai but Dea is Indonesian
@@livetravelasia where is the restaurant ?
Gtower at Rama 9
How to reach this Dea?
Can’t reach
@@livetravelasia😂😂😂
Errrr maybe......../.I’m not sure ........ not very much ........ possibly ....... informative video ? .......... errrrrr not really . - How long have you been here not to know this stuff?!
when it comes to business you'll find lots of conflicting information. There's what is the law and how it's really carried out. This was just an interview of someone who is doing it. I'd consult a lawyer for solid information. Last thing I'll do is claim there is any solid information you can rely on in Thailand cause you'll find it will be applied differently depending on which office you go to or how good or bad of a day your officer has had
hi can i do part time job and study same time at bangkok?
Legally no unless you got a work visa
@@livetravelasia can a student visa work part time? thanks for replying
When is part 3 coming ? with impact of covid on their business with updates 😆
Lol
Don't (No rule of law for farang (LTD)
Lol
Girl in the middle is beautiful 😍
She certainly is :)
I have no thai partner
Nice
Once i register a company, do i automatically get a business visa or are there other requirements attach to it?
Nothing is automatic in Thailand. It would be safe to assume you’ll always have to do more paperwork, and renew at least on a yearly basis. Regulations are always subject to change and application of such rules varied. This would be the biggest downside of trying to do anything in Thailand so if I was to do it, I’d just use someone I trust who got the connections like Dea. I personally don’t know him but based on how he charges what seems like a more than fare charge and a good testimonial more than the hundreds of others I haven’t heard and testimonials and charge much more, I’d probably start there and see if it will work with whatever you want to do with your business
I Want business and Small business shops and restaurants Please help me Zahid Hussain Kolkata India I am Senior citizens I Like Thailand
Please check the description for Dea’s business contact but always proceed with caution with businesses in Thailand
She hot 🔥
Lol
That was very interesting for me because I am looking at setting up my first company in Thailand very soon.
I have been looking at the shareholder structure and a farang cannot own more than 49% of the share capital and I understand that a company has to have 7 shareholders. i.e. I can have 49% and the other 6 hold the 51%. There are ways, to a certain extent, of protecting your capital by having a fixed and floating charge on the company maybe using a UK company (cheapest in the world to set up). Obviously enforcing anything is always going to be a problem because the Thai courts always favour the local Thais.
Yeah... this was a big turn off but after talking to dea it seems there are definitely ways. Also Americans seem to have some kind of an exception to this rule so you can look into that as well if you are. I think that’s probably a good idea to split up the shares amongst 6 other unrelated Thais you trust so not one of them can fully control your assets. That being said I am not sure about the rules but maintaining control of the 2 million of assets under your control should be easy ie keep the bank account in your name etc as the only person approved to access it etc. having shareholders own the company means not much when u control all the assets
I am not American. UK nationality and Swiss nationality.
Yeah you’re gonna have to put some Thai shareholders for sure than... unless you get an American shareholder but either way I wouldn’t feel too comfortable investing too much myself. Just take advantage of the low labor costs and possibly the tax benefit but definitely do a lot more research before jumping into anything and committing lots of money. I myself would never advise to invest any amount you’d regret losing as nothing is certain for foreigners in Thailand except that you’ll most likely remain a foreigner and only be welcomed as long as you have money
Can i get contact details
555 you wish
I miss these videos. Lots of info you wont really find anywhere else (from the horse's mouth)
I love ❤ her joob joob. 😅
Are you getting hair loss?
Aren’t we all lol
The most important thing is the 51% and you skipped that part :D
Did I? Americans aren't subject to it but for most yes. Actually I've stated this so many times in my other videos that starting a business in THailand is such a bad idea but due to popular request this was a video where I tried to show the positives for those that keep insisting haha
@@livetravelasia Oh, I actually meant the consulting girl/lady. She spoke of it short and skipped discussing it. And u did not persuade
@@StArikAriel the 51/49 isn't a issue. When you set up the company make sure they cancel their vote rights and you're safe. But it's important to do because if they team up....you're outta there
It's rather insensitive to repeatedly say of the prices "wow, it's only X", and reveals you haven't been in the region long.
That's a lot of money to most people in the world. It's not only that "it's so cheap", it's more that your home country is more expensive. The latter is true for a far greater percentage of people in the world. People born in some countries won the birth lottery.
Let us start a business, I will invest the 300 ND you can stay in Bangkok again.
Wow thank you so much for the offer! You’re so kind. I’ll keep that in mind if I have a business idea. But for now I hope you and your family have a fantastic new year and holiday season