How easy is it to open a bar in Thailand?

In order to open a bar in Thailand, foreign citizens need to have a Thai partner who must own 51\% of the business. On the other hand, opening a bar in Thailand means respecting the rules and the regulations as for opening any kind of business in the country.

How much does it cost to start a business in Thailand?

As it currently stands, the minimum capital requirement for a Thai majority shareholder company (limited) is 2 million Baht, with a government set up fee of roughly 7,000 Baht. If you have a Thai spouse, this requirement is reduced to 1 million Baht.

How much can you make owning a bar?

How Much Does a Bar Owner Make? A bar owner yearly salary will be drawn from, or be, the bar’s net profit margin. The average bar revenue is $27,500 per month, which translates to an average of $330,000 annual revenue. Average monthly bar expenses are $24,200.

How much does it cost to open a bar in Pattaya?

The minimum fee is 5,000 baht, whereas the maximum government fee can reach up to 250,000 baht. The Final step of the incorporation will involve convening a statutory meeting; a minimum of 25\% of the value of each subscribed share must be paid.

How much does it cost to start a bar in Pattaya?

The answer is, therefore, the cost of starting a bar in Thailand is whatever you decide to put into it. You need to found a company for that with a minimum capitalization of 2 Million Baht. You’ll need a work permit which requires 4 thai employees/salaries to pay.

Do bars make money?

Earnings. Assuming the bar is established and ready to launch, there are possibilities for excess returns. While the amount a bar can earn depends on size, location, and other factors, some estimates show that an average bar makes between $25,000 and $30,000 per week.

Can a foreigner Start a business 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.