Forrest, thank you for this wonderful interview. So VERY useful information. Both my husband and I are prior service and looking to fully retire in a few years. Opening some kind of business there has been on our mind. Keep up with the great interviews you've been doing.
Hey Forrest 23:00 as a serial entrepreneur here in the US, I can say that the US is one of the easiest countries to start and conduct business. Now California on the other hand..sure more regs and taxes. But generally speaking in most all states in the US…it’s stupid easy to start and run a business from a regulatory standpoint.
Nice video. Keep them about 30 minutes in length not too much longer. I'm looking at Thailand as a semi-retirement, retirement, maybe business opportunity. I like working. I'm sure many others don't want to just come over to Thailand to party until they die or kill themselves. Here's a thought maybe you can interview a visa attorney, discussing the various ways of person can get your feet wet in Thailand using various visas. Discuss the various transitions, Tourist to Non-Immigrant B or retirement to Non-immigrant B or maybe non-immigrant B or tourist to retirement. Remember you are not just listing the visa in a video you're discussing with an attorney about; I've seen this or that and what is simpler or easy or not so easy. Anyway, do a walking tour from time to time but definitely shift to this format where you have some deeper discussions about a topic. I'm sure you could develop as really nice set of videos. Here's a curve ball can you start an L3C in Thailand, it's a way to run a business, LLC, with a charitable intent but you don't need the 3 members to run it. You could even run your channel in that manner, you have to make money to pay yourself but doing it with charitable intent helping people with all things Thailand. I've spewed enough. Have a good day.
Good video, and great timing. I move to Chiang Mai in about a month. I may be interested in bringing either my business now, or starting a new business, once there. Thanks for your content!
So, from what I’ve gathered unless you’re a US citizen it’s not worth opening up a business in Thailand. You’re better off getting a permit to work for a firm or work remotely in the country.
I'm thinking of remote working in Thailand, but getting long term (cheaper) accomodation is impossible - russian roulette flying in and out the country - will they let you in every 30-45 days...who knows! and if covid 25 hits....i guess you'd only leave things in your condo you'd be fine with losing if you couldn't come back in....
If 2 million is the starting capital for the “company Ltd” is it the capital the foreigner is required to have or the total capital from all the shareholders?
Several possible reasons. The first, starting a business for many isn't always about making the most money. For many it's a passion. The freedom to work for yourself. Or simply something to do as you get older. Another reason, not everyone has the skillset to work remotely for companies in the west. There seems to be this idea that there are soooooo many remote jobs that people can just apply for and get. That's not the truth. Most remote workers for companies are already established in the industry. People start businesses in Thailand for the same reason they start them anywhere else.
Many people are obviously working illegally but it's not strictly enforced, as is the whole grey market related to the tourist industry. They would be way better to liberalise the law and allow foreigners to work correctly for some industries, rather than all this black/grey market crap
Conor McEvoy 0 seconds ago Ok that’s good. What is the book called and where may I purchase? Question; if I have a Thai spouse and she is a shareholder with me can our two children be our two required employees? Kids are Thai nationals? If this would would suffice; how many months per year would the employees need to reside in Thailand?
I have an online business ( freelancer ). As far as i understand now is that it's pretty impossible to move my company here and work from Thailand. You would think they make it easy so they can get the big tax revenue.
Cant stand this lawyer. Cant speak english or communicate well. The constant stuttering, back-and-forth speech, backtracking - it's a complete headache listening to this dude.
…More of these types of interviews please. Thanks Forrest 📈 #ValueAdded
Forrest, thank you for this wonderful interview. So VERY useful information. Both my husband and I are prior service and looking to fully retire in a few years. Opening some kind of business there has been on our mind. Keep up with the great interviews you've been doing.
Excellent interview ! To the point with a knowledgeable Thai. Very professional. Thanks !
Hey Forrest 23:00 as a serial entrepreneur here in the US, I can say that the US is one of the easiest countries to start and conduct business. Now California on the other hand..sure more regs and taxes. But generally speaking in most all states in the US…it’s stupid easy to start and run a business from a regulatory standpoint.
Adding a Holding and LLC Company in Nevis and Kitts or Cook Islands on top of the Thai would add more Protection.Banking Included
Right now North Korea is the best place ❤️
Nice video. Keep them about 30 minutes in length not too much longer. I'm looking at Thailand as a semi-retirement, retirement, maybe business opportunity. I like working. I'm sure many others don't want to just come over to Thailand to party until they die or kill themselves. Here's a thought maybe you can interview a visa attorney, discussing the various ways of person can get your feet wet in Thailand using various visas. Discuss the various transitions, Tourist to Non-Immigrant B or retirement to Non-immigrant B or maybe non-immigrant B or tourist to retirement. Remember you are not just listing the visa in a video you're discussing with an attorney about; I've seen this or that and what is simpler or easy or not so easy. Anyway, do a walking tour from time to time but definitely shift to this format where you have some deeper discussions about a topic. I'm sure you could develop as really nice set of videos. Here's a curve ball can you start an L3C in Thailand, it's a way to run a business, LLC, with a charitable intent but you don't need the 3 members to run it. You could even run your channel in that manner, you have to make money to pay yourself but doing it with charitable intent helping people with all things Thailand. I've spewed enough. Have a good day.
Good video, and great timing. I move to Chiang Mai in about a month. I may be interested in bringing either my business now, or starting a new business, once there. Thanks for your content!
thanks for this interview!
Great video Lee! Thank you - stay strong!
Excellent vid. Very helpful for someone interested in opening a restaurant in Bangkok.
Excellent interview, very insightful
So, from what I’ve gathered unless you’re a US citizen it’s not worth opening up a business in Thailand. You’re better off getting a permit to work for a firm or work remotely in the country.
I'm thinking of remote working in Thailand, but getting long term (cheaper) accomodation is impossible - russian roulette flying in and out the country - will they let you in every 30-45 days...who knows! and if covid 25 hits....i guess you'd only leave things in your condo you'd be fine with losing if you couldn't come back in....
It's definitely not worth it if you're an American also.
Waaay too long of an introduction. Too damn wordy. First 4 min was snoozing. Just get to the interview and legal technicals. Geesh.
Great content/interview Forrest 👏 Maybe someday visit Thailand 👍
Very informative! Great stuff!
Useful and practical video!
really like your video, hope to see more bro~
@Forrest Lee how have you been able to stay in Thailand for so long?
If 2 million is the starting capital for the “company Ltd” is it the capital the foreigner is required to have or the total capital from all the shareholders?
Good interview
Next Video. The only best business a man can ever have in Thailand.
Why would you start a business, you can earn more working remotely for us or Eu countries companies.
If you have a business maybe it easier to get a long term visa?
@@oler487 not a bad shout, I haven't looked into long term visa he should make a video on it
Several possible reasons. The first, starting a business for many isn't always about making the most money. For many it's a passion. The freedom to work for yourself. Or simply something to do as you get older.
Another reason, not everyone has the skillset to work remotely for companies in the west. There seems to be this idea that there are soooooo many remote jobs that people can just apply for and get. That's not the truth. Most remote workers for companies are already established in the industry.
People start businesses in Thailand for the same reason they start them anywhere else.
@@Minoritynomad you would need additional sources of income because local pay isn’t enough for a comfortable life even with your own business.
Open bar with a lot of Thai bargirls, hookers, stripper ( pingpong show ) is the best way to do business in Thailand .
Many people are obviously working illegally but it's not strictly enforced, as is the whole grey market related to the tourist industry. They would be way better to liberalise the law and allow foreigners to work correctly for some industries, rather than all this black/grey market crap
Conor McEvoy
0 seconds ago
Ok that’s good. What is the book called and where may I purchase? Question; if I have a Thai spouse and she is a shareholder with me can our two children be our two required employees? Kids are Thai nationals? If this would would suffice; how many months per year would the employees need to reside in Thailand?
I have an online business ( freelancer ). As far as i understand now is that it's pretty impossible to move my company here and work from Thailand. You would think they make it easy so they can get the big tax revenue.
Prepare $10-20k for a lawyer, $60k for a paid-up capital and wait up to 12 months for a business license - and you'll be fine
@@kharinskiyalexey7409 you are an
expert at this subject ?
What about cfc status for Americans that own 100%?
👍🏻👍🏻
❤
Cant stand this lawyer. Cant speak english or communicate well. The constant stuttering, back-and-forth speech, backtracking - it's a complete headache listening to this dude.
Lmao as a Thai expat for decades.
Why?
Hey Forrest, saw you are prior military. I am thinking about moving to Thailand would like to talk to you about budget and visa.
Robby
Invest in North Korea