Some ideas for starting a business in Thailand

Many people who seek to move to Migration to Thailand, even before the trip, think about how they will make a living (preparing for a winter in Thailand). It’s clear that because of the list of banned occupations, it’s finding a job in Thailand on the spot is very difficult.

Somebody earns their paradise life in an illegal way, for example guide, cook, photographer (just this specialty is controversial, some say that foreigners cannot work as photographers, others – can); someone works remotely or freelancers online (including graduates of courses Work at Home 2 and SMM specialist); someone rents real estate in their homeland (for me, this is the most ideal type of income =) ). But there are also people who have the opportunity to open Russian business in Thailand.

Be aware, if you want to hire Thais, you should know about the rules of working with Thai personnel. The Asian workforce is markedly different from the European and it needs a special approach!

Ideas for opening a business in Thailand

It is important what your Thai company will do, as it directly affects the income and success of the business. In general, opening a business in Thailand is not an easy process. Many things are forbidden for foreigners in the country, so one of the right decisions is to observe what foreign tourists do there and to accept their experience.

Let’s look at a few business ideas that have already been successfully implemented by foreigners (Farangs).

  1. Opening a tour company. Although the budget of Thailand receives only 6% from tourism, this amount is worth millions of baht, so opening a travel agency is justified. Such activity would be aimed at selling tours, organizing your own tours around the country and individual tours for VIP clients. For Thailand, the tourism business – one of the best, and most importantly, the right decision.
  2. Opening a real estate agency. In such a business, you are unlikely to get bored, as many people from all over the world want buy an apartment in Thailand to save on their vacation or rent out a house. Renting Thai real estate for rent is also a way of passive income for wage earners who have come to the country for permanent residence.
  3. Opening a cafe or restaurant. Tourists pay a lot of attention to healthy and delicious food on vacation. The emphasis in your restaurant can be placed on the traditional Russian cuisine, familiar to our compatriots, or on Thai cuisine, which will be preferred by lovers of local exotic dishes.

Buying a ready-made business in Thailand

All three of these ideas have already been implemented in Thailand, both by our compatriots and foreigners. This suggests that such a business can bring good profits. Also, instead of developing a business plan and start your own business from scratch with a high risk of failure, you can consider selling a ready-made, already promoted (not always) business, but there are pitfalls. For example, buy a small ready-made cafe in a busy area Pattaya with a couple of extra rooms (you can rent, you can for their own residence) will cost from 600,000 to 2,000,000 baht.

In addition to the listed activities, other promising activities are also worth highlighting:

  • Language school in Thailand. Its main focus could be to teach Russian to local guides. If you hire teachers, you can organize a multilingual school or school for Russian children in Thailand.
  • Diving center in Thailand. Details about diving in Thailand.
  • Advertising agency engaged in attracting tourists.
  • Kindergarten in Thailand (e.g., for families who have already relocated from Russia for permanent residence). Read more about kindergartens in Pattaya.
  • Car rental: autos, bikes, yachts, boats. Read more about bike rental in Thailand.
  • Food production: dumplings, bread, kvass and the like that our countrymen will love.
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