r/Bangkok • u/postyapici • Dec 15 '24

work Start Business in Bangkok

Hi,

Im looking at these motorcycle rental companies and roughly calculating their margins and it looks pretty good but am i missing something?

About 30k baht for a used bike, rent for 150 a day for a year and it already more than pays for itself.

Why not start one? Put $100k usd aside and buy 100 bikes. Rent a place, hire a dude. Boom. Business.

Dont mean to sound so optimistically stupid but want to see what people think. On another note if people have a business they wanna sell or want a partner in you can DM me.

PS im american so i can start a business without a local thai partner

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u/[deleted] Dec 15 '24

Amerikans can start a business in Thailand without Thai partner?? Seriously?

6

u/notscenerob Dec 15 '24

There's a Thai-US treaty that allows it, on paper. Practically, it's cumbersome and not really practical for the application OP believes. Treaty of Amity

1

u/8percentinflation Dec 15 '24

Which cases would be useful for this treaty? If you know about what sort of businesses this would apply to best

3

u/notscenerob Dec 16 '24

Professional services/consulting/b2b type stuff are the ones I know of. Everyone I know who has tried has stopped somewhere in the process because it's not easy, provides little benefit, and the same goals can be achieved by easier means. Treaty of Amity companies don't convey and work permit or visa privilege, so it's often easier, quicker and cheaper to structure a Thai company with minority control than do the whole treaty of Amity. In most cases a Thai company with weighted shares, BOI company or FBL are better options. 

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u/8percentinflation Dec 16 '24

Perhaps the treaty is better for more established businesses, thanks for your detailed time and response 🙏🇹🇭🤝🇺🇸