The possibility of a legal and stable work in Thailand with a salary not lower than the average in Russia, which is approximately 30 thousand rubles, may appear if your specialty is not in the lists of banned and you know Thai or at least English. But since this possibility is close to zero, foreigners (or Farangs) prefer to start their own business in Thailand or buy a ready-made one.
Thai employers who are going to hire a foreign specialist will bear very tangible financial costs associated with obtaining Thai visa and work permit in Thailand for their employee. This is why potential employers in Thailand and do not seek to hire foreigners.
Views of Russian business in Thailand
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Our compatriots usually engage in the following types of business:
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- Work remotely with clients in other continents, while earning money from renting Renting accommodation in Thailand or Russia.
- Have a “remote” business that does not require a permanent presence in Russia and allows you to fly to wintering in Thailand.
- Work unofficially, providing Russian tourists in Thailand services to photographers and tour guides (read more about this in the following materials: Photographer jobs in Thailand” and “Guide jobs in Thailand”).
- Open or buy Thai staff, it will remain from the previous management, but if you wish, you can hire foreign workers (if their activities are not prohibited).
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So which business is most popular with foreigners?
Bars-and-cafes
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Open a business in Thailand as a beer bar in Pattaya in a good location costs up to 2 million baht. However, it is possible to rent a bar with a deposit of 100 to 200 thousand baht and monthly payments of 15-25 thousand baht to the owner of the bar. Need to consider the cost of maintenance. Also, in the course of work there are many nuances and operating issues that become clear in about six months. By the way, opening a business in Thailand involves receiving a residence permit in Thailand.
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The profit in this type of business depends on the turnover, i.e. the number of customers you attract. For this, the bar has to become your essence: you have to literally live in it, communicate with your regulars around the clock and even have a drink with your guests. After all, many of them will come to you to discuss pressing problems with you. You should not be guided by the Russians in terms of the contingent. Yes, you can have a drink with them, but they won’t bring in income. You can count on profit from Australians and Western farangs.
Payments-and-paymentsThe payroll breakdown is roughly as follows. Cashier, in small cafes/bars he and bartender, will “cost” 5-7 thousand. Bartender – from 6 to 10 thousand, waiters – from 3 to 6 thousand. Read more in the article about average salaries in Thailand.
Key payment (key mani) is the rent for the business premises, which is usually paid in advance for a year in advance. In addition to that, the monthly rent amount is also paid. A recent trend is the possibility of renting without key money. In addition, when renting pay a deposit – a variant of the guarantee deposit. If there is no violation of the terms of the contract for the lease, the deposit is returned.
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Business to rent apartments
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The best Euro-renovated and furnished properties in View Talay 5 cost between 3 and 3,300 million baht. Monthly long term rentals are 18,000 baht, short term rentals are 20-23,000 baht. Long term contracts will provide almost 100% occupancy, short term contracts up to 75% occupancy with a good deal.
Long term contracts will provide almost 100% occupancy.
Cheap condos in Thailand with normal repairs and furnishings will cost 600 – 700 thousand baht, and rented for 6 – 8 thousand. Occupancy is similar. Consider the use of appliances and furniture. Not bad and pay tax, although it is unpopular. The amount of tax on income from rent is 15%.
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For other businesses not covered in this article, read “Ideas for starting a business in Thailand”
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