Thai Business Opportunity

Success Secrets to Maximize Business in Thailand by Bea Toews & Robert McGregor

Category: Corporate Strategy

(76 von 100)

Why: I want to do business in Thailand too.
Goal: Learn a business opportunity that fits my strengths.

Action: Focus on Importing Food.

3 Key Concepts

  1. Thai ownership is needed depends on export ratio.
  2. Consult Board of Investment:
  3. Customs keeps records of the highest declared prices.


How to import food into Thailand?

First, get a food import license from Food and Drug Administration (FDA) and a cargo import license. Then, register the category and the product itself in FDA.

Find out more:

This book shows the view of establishing a business in Thailand in the year 2000. I find it very interesting to relate as I was there that year in Thailand. Let me know if you are also interested in the Thai venture.

Explore Thailand with Your Business
Explore Thailand with Your Business

Thai Barrier

There are many restrictions on ownership if you are looking to get into the local market. Being said, exporting is more than welcome. Just to be clear, all these barriers are pretty easy to workaround.

Business Categories

  • Category A (Closed)
    • Traditional agriculture
    • Some service businesses such as accounting, law, architecture, and construction
  • Category B (Closed Unless Approved)
    • Agricultural pursuits such as cultivation, handicraft businesses
    • Commercial businesses such as retailing, selling of food and drinks, antiques
    • Service industries such as tour agencies, hotels, transportation
  • Category C (Open)
    • Commercial businesses such as wholesale trade
    • All exporting, retailing of machinery, equipment and tools

If half of the production is for selling inland, Thai must own at least half of the shares.

Ownership law

Thailand is open for everyone

Board of Investment created a portal, where all supports needed are presented:

Thailand also has a Double Tax Agreement (DTA) with several countries. Check out Among other benefits under these treaties, foreign institutional investors can enjoy tax-free capital gains.

Pay once and enjoy tax-free capital gains.

Check Prices

This is the highest price that customs kept when the products are imported into Thailand. They use these “check prices” to assess tariffs on subsequent shipments of similar products from the same country.

What happens if you avoid taxes?

In the US, If you still refrain from paying, the IRS obtains a legal claim to your property and assets (“lien”) and, after that, can even seize that property or garnish your wages (“levy”). In the most serious cases, you can even go to jail for up to five years for committing tax evasion.

To sum up

Walls are there, but they are not that tall. Therefore, everyone with determination would not find it harder than starting a business in any other country.

I am excited to learn more about how to set up a company in Thailand. It promises many advantages for both Import and Export goods when you are doing business online.

In addition, I wonder if Thais think that “Made in Thailand” is substandard today and still honor social duty first and business later.

Goal check: I learned some opportunities about import and export businesses.

Wasu’s Review
( 4.5 / 5.0 )

Get this book on Amazon here!