How do expats make money in Thailand with their own business
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- Опубликовано: 2 окт 2024
- Showing you guys various expat businesses in Pattaya, which make money in Thailand. If you would like to see more videos like this, please support this channel by clicking below. ko-fi.com/ever... and buying a coffee, it really helps to make the videos YOU like to watch.
Opening a business with a Thai gf/ wife is just you opening a support system for her and her extended family and friends -
If he’s American he can create a treaty of amity company and own 100%, no need for the 51/49 split. Yes far more expensive to setup but less expensive that potentially having everything taken away from you
These folks are very hard-working and business minded, but when you get to Thailand or any other resort area, the average brain tends to slip a cog, and you can find yourself on the wrong end of your money...I have an ex-best friend who married a Thai girl and few years back after having married to a Russian mail-order bride... She came to the US and opened two nail shops, and being much younger than him and a US Citizen now, she is now in a position to kick his stupid ass to the curb anytime she likes... I love these people but going into business with these ladies? I think not...
I spoke to a guy who owns 3 small bars in Jomtien he said you don’t make a profit it just pays for you to live in Thailand comfortably
If it pays for you to live, that’s a profit, isn’t it?
@@karimfarangfromthejungle6027 You are absolutely 100% correct!!
Great idea and excellent kick off. The lady selling the Pizza and other foods seems well switched on, hard working and reliable. That said, many do until the preverbal
hits the Dan then you see the real them. It’s always gonna be a risk investing money with a Thai partner/ wife hence the comment re only invest what you are willing to lose.
Buzzing Trev has featured Deans Dive bar and done a live feed there. From what I’ve seen he seems a top guy and the ladies in there were great fun on the video. He’s soon to open another opposite I believe, The Vault (?) and wish him all the best.
Look forward to the rest of the series Daz, really informative and respect for highlighting those businesses who seem really worthy of such.
Hard working lovely honest lady! 🙏💝
Kiss your cash goodbye here.
1- become an English teacher.
2- marry to Thai or have Thai girl /boyfriend and open a restaurant or a coffee shop.
3- work for a foreign company.
4- become a youtuber or a digital nomad.
That pretty much sums it up unless you're extremely wealthy
TRUST the hardest thing to find. I have been married for 20 years and thought I could trust. No. Have 2 business and you have little control. If the trust does not get you the corruption will its masive all over the country not just in the tourist hot spots.
Good idea for a series. I’ve been here five years and really have little idea how expats work here. I am retired with a good pension income and am so glad I don’t have to worry about about working.
I do have a question as you have been there a while. Why does it seem like every retiree who goes there for a while has a subpar girlfriend or significant other?
I like i get very attractive or they are decently established but having neither and/ or former freelancers makes no sense to me, especially if the person is retired.
absolute 101% trust your Thai wife or GF, OK, but keep in mind that you may 'trust' her values and intentions, and she may have zero intentions of stealing or cheating. However if you are trusting her business acumen, her financial knowledge, and her ability to make correct business decisions, well that might a different issue. She 'may' make proper business decisions, but don't assume that mutual trust equals good business management skills.
Other very important point is the language. If you are fluent you can communicate with employees, managers, and possibly customers. Tinglish will not cut it. If not, you would be starting with a huge handicap.
The wife runs the business day to day and deals with any staff, You Manage it and make ALL business decisions
I would like to help you here... So two things you can do... First is yes you can do the 51%/49% majority Thai ownership but take a majority of the voting rights and put it in the bylaws.... Second Thailand has a unique situation for Americans - Amity Corporation through a Thai-US Treaty from 1966 where the American can own 100% of their business... Note there are some restrictions Best of Luck - I love Thailand
Add a buy-out clause in case you dissolve the business where as the Thai(51%) owner receives a preset amount instead of 51% of total gross If you financed the business.
I know a guy who left Thailand with £million. He started with £10 million
I think the only business to open in Thailand is a laundry. Total outlay is a washing machine and some clothes racks that have access to sunlight. Should it fail , depends on how much you want to lose . Food stalls operate on the same principles , except you need someone who can cook . Man would be stupid to open a bar , with too many variables to send you to bankruptcy . Ultimately,you must have an university educated skills that's desperately needed in Thailand or a real shit load of cash to buy an established / reliable company. To the average flog , who frequents Pattaya , keep on dreaming !
Most farang owned bars are bottomless money pits, eateries are a far safer way to go.
A family friend of ours had lots of bars in Thailand over the years, including electric blue on walking street. In the end, he went the restaurant route and now has a place called Route 66, in Pattaya. Less stress, no dealing with police…
Fuck that coming to Thailand to work or own a business unless you can work online
Investing in food business is a recipe for disaster for most of your subscribers, there's to much compatition in Pattaya to make real money and you would need that loyal hardworking girlfriend/wife prepared to work 14 hours a day for you, please let's get real, best to invest in the stock market in platforms that pay large dividends or buy rental property
Exactly my thought there is less risk and hassle living an affordable live and get revenue from stock market but long time commitment. What kind of relationship is that if you cant be together because she is working all the time.....
Reasonable prices on the 🍕😃
Hard working lady putting in all those hours. A must visit when I arrive.
50 bucks you have a company in America no employee requirements no min salary
I am very familiar with the pizza place as I is just down the hill from my condo.Good pizza and the gal is lovely.Great video Daz.
Descent prices nice & clean comfortable environment
Would be great to have more information about how to have a living as an digital nomad or something like that.
Great work Daz, love the Quality vids on your channel and am looking forward to this series, keep up the good work!
I LOVE the Thai business model, and their total dedication to business...I've seen the other side of the model, and I'm very happy I married a Filipina instead...
If I get the chance to retire in thiland I hope to have enough money to keep me&my partner I am 62
Hey Daz,,,, there are better way to make money than losing yours in a hopeless projects in Thailand,,,,all this video is the opposite what you been telling us!!!! There is no way you own any thing In this country even if your wife is your partner 🤣.
Dean dive bar excellent guy indeed look forward to meeting him in August Daz.
The only way to make money in Thailand, is to spend more.
No way in this world would I have less than controlling ownership of a company. You’re just asking for trouble.
An American can own 100% of a business and also buy land in Thailand. It is the only country they allow to do this
Hey man, I’m half Thai and Thailand was pretty much my second home up until recently. I plan on moving back next year and I was wondering if you knew of any Engineers that are working there in their career field. I speak Thai almost fluently. I’ll be hoping to land a Mechanical Engineering job. If you knew anyone I could speak with that has experience in that field, could you connect me with him please. Cheers brotha
a lot of women there are grateful for the free money
I want a pizza now. What a lovely lady.
It takes a lot of efforts to make a good pizza! Pizzas from Thai owned places are not all that good
Your video was predominately asking the shop owner about the shops she has and what she sells and her operating hours and how she works, now how she invested and open up the business
Most of this information i already know, however I would like to thank the producer for these videos your showing. I think these videos are really helpful and are by my experience really helpful and useful to travelling people... Good info and pretty good videos
I know of very little successes my buddy teaches chinese kids online and makes more than enough to live in Thailand. It's not a lot of hours but it is work, I give him credit it keeps him out of trouble he's doing quite well and happy.
That's scary for the American boyfriend investor when the lady says she owns rather than we own. Like buying a house, be very afraid of this 51%/49% split arrangement. You are always on the losing end of the stick and possibly on borrowed time
Never turn your (financial) back on a female Thai business partner....LOL!!!
@@gwats19577 Or a ladyboy business partner ... LOL
Been watching your videos for quite a while now. Very entertaining, informative and great information. Great narrations. Thanks. 😀😀
Glad you like them!
a good vid and a good topic for a series, indeed. My wife and I are fortunate that we are truly able to retire and not need to have any income to make ends meet. I love to cook and I love to do cartoons but my sense is that a restaurant would take WAY too much of my time and drawing cartoons--what? Pays shit! So...I cook and I draw but don't need to make bank from it. And while I would enjoy having a small restaurant, I know how consuming the time would take out of my day--and probably MORE than I would think.
Great new series! Your first video reminds me of the old saying: As a farang you can easily make a small fortune with your own business in Thailand - just come with a big one.
Thank you for the information.
Yes, I had a great time at The Dive Bar.✔
Very interesting..I was always wondering how much the key money would be .but then how much is the rent every month...
A very good video explaining some things to look out for if interested in investing in a business in Thailand.
A lesson on how to lose your money in one easy lesson.
I would want 99% ownership of business guaranteed to myself before I invested one Baht in any form of business in Thailand.
Plus, free legal advice from reputable lawyers / Solicitors in both Thailand and my native country on possible pitfalls as the business progresses.
Just me and my paranoi of looking after MY money and not let it be "legally" stolen by unscrupulous despicables in Thailand.
Where are you going to find free advice from Thai lawyers ?? Delusional !
@@MrNodrog64
Aww shucks, don't tell me they also are as straight as a cork screw ??
"free legal advice" is worth exactly what you pay for it. You are a joke my friend if you expect to get professionals to work for you for nothing.
@@yorkiephil7744
NO win NO pay ??
That would be free ?? Surely so ??
Although the amount paid in compensation may not be as much as wanted it would be some consolation.
Yes, the Solicitor would take its fee thus making your payout less.
Oh, bother !!
@@robertgrey6101 No win, no fee arrangements are solely for litigation whereas you were referencing obtaining "free legal advice" for a business purchase and ongoing ownership. You clearly have no clue what you are talking about so I agree 100% that YOU should stay clear of any idea of having a business, in Thailand or anywhere else.
Enjoyed the vid thanks. Always interesting to know what expats do or have done to be able to live in Thailand. I would like to think if I ever had the chance to move there and start a business I would think outside the box rather than the normal routes, opening a bar or restaurant in the tourist areas. Be interesting to hear from any expats who have started any type of business in the lesser known areas of Thailand like up north somewhere. I suppose to avoid all the Thai rules and regs you would have a digital business where you could work anywhere.
Really looking forward to this series, thankyou for your time and wisdom for sharing
I'm pretty sure 99% of the people that ask about how to make money in Thailand will never actually move to Thailand. If I ever decide to move to an Asian country the last thing on my mind would be wanting to run any kind of business.
OK I've subsribed
Thanks for the sub
OMG, this Thai woman is workaholic busy about all waking hours. How do people have any time for their actual relationship?
She was an absolute sweetheart ….. god bless her having the thoughtfulness to promote everyone’s business not just her own, what a thoughtful person.
I think one would go there to spend money , after extensive work life rather than make money 🤔😏😎👍
Whats everyone doing for remote work? With no experience im thinking of just getting into data entry and $30-50,000 a year in thailand can go along ways
If he's under 40 and living crazy then there's a good chance it's crypto/nft money. Especially if he has an elite visa. They can't talk about it openly though.
That 51% would drive be crazy. Can't you do something like incorporate and thai partners turn over voting rights or something...
Hello. Long time subscriber here. Love the videos. 2 questions please...
What is the monthly rent for an outlet in Checkpoint 5 and 6?
Do you have the name of the "trusted lawyer in Bangkok" that owns 51%?
2023 will be the year I finally open my business in Thailand and I would love to be featured in one of your videos.
Thank you 🙏 😊
Sorry, I never asked what the rent is, however I was there just before Christmas and I think all the units were taken.
You need to speak to Greg the golfer.
Greg Luther -- WhatsApp +1 843-368-0260
Email gregluthergolf@hotmail.com
LINE ID -- gregluthergolf1
@@everythingPattaya Thanks! I'm not really interested in a unit in Checkpoint per se, but wanted to know the Thai price for a unit that size. I spoke with massage shop owners in town and they told me their rent is only 10k baht a month for large store fronts, so I'm hoping to find the Thai price for these small takeaway units. I hope they are reasonably priced and they don't try to charge me 10k. Thanks for the information! Good luck in 2023.
Hi Darren, just watched the vid, thanks for the kind words about dive bar , hope some of your subscribers will pop in for a beer etc.
I would love to come and eat at her pizza place , very nice and good price .
Damn it… I’m here boots on the ground, and I didn’t take enough note’s from your videos. So many streets and bars. Looking for the best go go bars… great channel!!!
Thanks again . Two great places I will make a point of going too. The lady running the business was lovely and a great advertisement for the Land of smiles, not too unattractive. Don't tell the other half. lol Your vlogs get better and better. Chok dee krup
Hello Daz for info on Bars "Dive Bar" has there own youtube channel all about building a bar By the way you do a cracking job for info Daz.
That pizza lady only needs Indian food stall and I'd visit .amazing how many Thai girls still think Indian food no good .your living the life matey .keep it up .
I'll definitely try the pizza! Nice video as always,thanks! 🙏
That lady is a beautiful English speaking hard working Thai. Wow! Hence the dilemma. How does one have a relationship with someone who works ALL the time?
Exactly right, you can’t have a relationship really, it’s a business arrangement. She works her butt off while the farang partner does what ? - go to gents clubs in the afternoons ?
I had the same thought....
What a Beautiful Person.
She loves her work and makes sure that the people enjoy her foods. The best of luck to her and her partner. Please let us see many more videos like this.
if you consider yourself an ex pat... your an economic migrant
Loved last series and look forwarded to this one. Cheers from Virginia USA
Dedicated and lovely! A quality woman.
Thanks for the video Sir. I'm thinking about coming back to Thailand for retirement and have got a Thai wife for 20 years and have some good ideas for business over there. My wife never gave up her Thai citizenship so that's a plus for us.
Perfect
After 27 years in Thailand with businesses from the north to Bangkok to Pattaya how glad am I to be back on the UK I don't see it being a good time to go or invest in Thailand think carefully you can loose money very quickly I too have a Thai wife makes no difference
@@mrmicky1172 what business did you run? And why are you returning to the UK?
I’ll pop in for a pizza and check it out 👍
Hi daz I am planning a 1mnth trip to phuket in March 2023, I have been watching you vlogs and thrs 1 thing I would like to know in the condos that you have shown like maxx City and others it doesn't mention that you can have guests visiting do you know if guests are able to visit thankyou
I forgot to ask I've been looking at rent hub, there prices are half of what I will be paying to stay at seven seas condos in jomtien there price for 1 mnth is 16000bht but I've looked on rent hub for condos in pattaya and they have them for less than half of what I will be paying, wat would be the best way to find out if they are legitimate as most you have to pay in advance than if you can help
Excellent video Daz she works hard indeed a true worker who enjoys what she does a pity western women don't do the same she is a Gem look forward to more and will drop in when I arrive in August excellent clip.👍
Excellent
@@Snip59 so you’re saying Western Women don’t do the same then? What a sweeping, ignorant comment that is.
I know plenty of Western Women who own businesses and employ vast numbers of Staff who have become extremely successful.
@@ilovesmysangsomsangsom3500 of course and I know many who have not and many being a Paramedic P5 I come across heaps ok
I'm thinking of setting up a hot dog stall on walking street ! .......... 9 inch falang hot dog all for 99 baht !!! ..... is very good price Na !
Yes they was waiting for you to do it 😂😂😂😂
wow the check point shop looks great and i 100% will stop by and try her pizza she is such an honest and hard worker this is what an entrepreneur does or should do.. L.A Rob
What a great series of videos
Well done, great info!
sitting back to watch another great series!!!!
fascinating stuff, thanks.
She was a lovely woman
Mad respect to the lady running her food shops on Soi 5.
English prices in Thailand?
Sainsbury's Takeaway Fully Loaded American Hot Pizza is £2,60
Hi Daz, a bit off topic but do you happen to know if there is a gym in Terminal 21 at Pattaya?
You mean in the Mall, I don't think so
Ok no worries, thanks anyway 👍
I like 🙂
hola Daz!
Who are those chicks playing pool in Dive Bar?!?
Staff
@@everythingPattaya blimey!
Hi, enjoyed you videos, but it would of been nice to know the price of a small food cart
My lady say start 45000 baht
Spot to park 1k up per month
@@111isok what does that mean spot to park 1k up per month
@@pauluk8700 someone ask how much to park trolley to sell food. Some not pay just move around.
whats a boiler room operation take it that its something not to get involved with?
It is basically an aggressive telemarketing thing. If you have seen The Wolf of Wall Street that would give you some idea what it is, the early stages when the are pushing the penny stocks. Most are associated with scams, and yes generally best avoided.
SCAM to be avoided like the plague
@@CheekyMonkey007 thank you a bloke was trying to get me involved few nights ago british i must say
that chick's work ethic is great,
wish I could say the same for Western millenials.... 😒🤦♂️
The 150 baht sounds higb....thats about $4.25 US.....I'm thinking there's cheaper meals around, street food....
You trying to compare a quality pizza to some street food crap, don't make me laugh 555
Always one idiot in the comments
Bronx Pizza on Soi Buakhao is just $1 per slice - American owned, cheaper and much better!
Hey Daz, a hush hush question. Do the Thai tax men chase expats ( not only retirees but also guys less than 50 years old) with knives and scissors?
Never
@@CheekyMonkey007 thanks
yeah her husband hit the jackpot with that one! An honest and hardworking woman.I want one like that when I move there in a month.
You also need lots of money to satisfy her 😃
You cant make money in thailand, if it was so easy as you are saying everybody would have done it. You know 1 guy and you know another guy and bla bla bla, i know 1000+ that lost their money 😃
Looks like you know the Wrong People !!!
@@CheekyMonkey007 😂😂😂😂
@@CheekyMonkey007 looks like you have to watch Thailand Bound for a while.
Come Thailand to open buisness 🤣 Mugs born every second
@@oneeyedwillie916 youtubers are in danger if they say something bad while they are in thailand, after they leave they start talking about the reality 😂😂😂
Nice one Daz. I'm retiring over there at end of year. How much experience do you need to teach in Thailand ?
Cannot do it if your a retiree I'm afraid as you cannot get a work permit.
Thanks Daz great impot the grass is not greener on the other side you have to look at the bigger picture thanks for this video very good content
I thought Dean from the Dive Bar was an Aussie
No, he's British
@@CheekyMonkey007 he lived in Australia
@@SeeyouintheNT
i believe so
All you ever show is bars and girls in Pattaya.
Rubbish !!!
There are over 100 videos on condos and hotels also many on Prices, look at the channel properly
Hey Daz , How may I send you email please ?
everythingpattaya at gmail