Can a foreigner open a restaurant in Thailand?

Opening a restaurant in Thailand seems to be tough because there are a huge number of restaurants all over Thailand and it is really hard to compete against the Thai people since Thailand has a foreign business law that prohibits foreigners from doing most businesses.

How successful are Thai restaurants?

Thai cuisine has been winning plaudits from gourmets around the globe for decades, but the foreign country where Thai food is most popular is none other than the United States with over 50 percent of Thai restaurants overseas located in the U.S. and Canada, according to a report by the Bangkok Post newspaper.

Do you need any license when operating a restaurant business in Thailand?

If you are operating a restaurant or bar with the area larger than 200 square meters, you will need to apply for the food and/or alcohol (retail) license for your company whereby the license certificates should be placed in a visibly located area of the restaurant or bar.

How much does it cost to open a Thai Express?

The franchise fee for your first Thai Express franchise is $30,000, and the franchise fee for multiple units can be discounted if certain conditions and criteria are met.

Can a foreigner open a business in Thailand?

Starting a Legal Corporation in Thailand. Remember, foreigners are not allowed to own 100% shares of any business in Thailand, unless you are a US citizen which you can read more about below. The most popular way to start a business in Thailand is to register a business under a Thai person.

What is best business 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.

Why are there Thai restaurants everywhere?

Using a tactic now known as gastrodiplomacy or culinary diplomacy, the government of Thailand has intentionally bolstered the presence of Thai cuisine outside of Thailand to increase its export and tourism revenues, as well as its prominence on the cultural and diplomatic stages.

How can a foreigner Start a Business in Thailand?

The Step-by-Step Guide to Starting a Business in Thailand

Pick a Type of Business.
Check Out Thailand’s Foreign Business Act.
Learn About Incentives and Benefits Provided by the BOI.
Apply for Visa and Work Permits.
Register Your Company.
Sort Out Your Paid-Up Capital and Open a Bank Account.

How do I get a Thai business license?

How to Apply for a Thailand Business Visa?

Contact the Embassy or Consulate.
Collect the required documents for a Thai Business Visa.
Submit the Thai Business Visa application.
Wait for the Embassy/Consulate staff to process your visa application.
Retrieve your passport and documents.

How much is Thai Express worth?

We are seeking investors with a minimum of $182,000 liquid assets and a total of $400,000 net worth. A solid history of restaurant and hospitality experience is preferred, plus a passion for hospitality and food is a must.

Who owns Thai Express?

MTY Food Group
Thaï Express/Parent organizations

Thaï Express (commonly spelled Thai Express) is a franchise chain of quick service restaurants serving Thai cuisine across Canada. The Thaï Express brand is owned by the MTY Food Group.

What are the steps to opening a restaurant?

To open a new restaurant, you’ll need to obtain several federal, state, and local permits and licenses. It can be worthwhile to have legal counsel when filing for restaurant permits and licenses to make sure you complete every necessary step. 7. Find an Equipment and Food Supplier

How to set up a Thai limited company as?

A Thai limited company must have two million baht of registered capital and four Thai employees for each work permit being issued to a foreigner. For more information on how to apply for a work permit, have a look at this post. Before you can apply for a work permit, you must hold a Non Immigrant Business Visa.

What’s the best way to start a restaurant in India?

As a first-time restaurateur, you can hire through the traditional way: set up an advertisement in the newspaper, put up ‘We’re hiring’ posters, or hire through agencies. There are also many active groups on Facebook and Linkedin, from where you can source talent.

Where is the best place to open a restaurant?

In present times, the trend is to have an open and a closed sitting area so as that customer can enjoy both kind of ambiance based on their preferred choice. Apart from that, you should look for good high-end shopping streets and markets, or high-end malls and near office complexes.

Where is the best place to start a business in Thailand?

Asoke (Bangkok) is hub of business, with hundreds of thousands flooding into the area by BTS or MRT to work every day. 1. What law governs setting up a business in Thailand? Foreign business in Thailand is governed by the The Foreign Business Act of 1999, set up by the recently deceased His Majesty King Bhumibol Adulyadej.

What’s the fun part of opening a restaurant?

If you’ve been dreaming of opening your own restaurant, you’ve probably thought a great deal about your restaurant concept. Choosing the concept of your business is the fun part of the restaurant planning process, when you get to let your imagination run wild.

Who was the first Thai chef in America?

The other factor here in terms of visibility is Tommy Tang; he was a popular Thai chef in Los Angeles who cooked what we might today call fusion Thai food. He opens up a restaurant in New York in the 1980s and become the first bicoastal Thai chef in the United States. That helps expand it nationally.