How Much It Costs to Start A Business in Thailand

There is no magical figure. While it is safe to say that the value of opening the store in Thailand is cheaper than developing country. Please note that the opening fee in Bangkok is a bit higher, especially the price that is higher in big cities than in the rest of the country. But even where you can make the most money because most of the wealth is in Bangkok. Mechanical works and construction are very affordable.

 

Here's a small example of expense for opening a coffee shop

  • Employee Salaries: Full Time 9,000-10000 THB per Month Employment: 4,500THB per month
  • Rent: cafe 14 SQM 12,000 THB per month
  • Expenses: Goods and inventory 15,000THB per month (ice, cups, sugar, milk, coffee beans, etc.). Of course, this amount changes from month to month.
  • Electricity and water- 800 THB per month in total. The use of water is cheap in Bangkok and the air conditioning that is already provided by my shop, which my electricity bill is ridiculously low.

 

The expense of starting a coffee shop or any other business in Thailand are comparatively cheap than other country developing country.  This is why most of the foreigner’s desire to open a business in Thailand.

 

Starting a Legal Corporation

 

There are various types of corporation in Thailand, you can setup any of them that suits you. The company registration process in Thailand is a bit complicated, therefore it is suggested to register the business under a Thai person.  Here are some important facts about company registration in Thailand

  • Foreigner cannot hold 100% shares except US citizen.
  • Majority of the company share must be hold by Thai partners that is 51%
  • There is no government fee for registering company name, VAT registration and Tax ID registration.