I plan on moving back to Thailand full time in a couple years and have thought about opening up some sort of business whether it’s a restaurant or a bar. I have a very generous amount of money saved up so I’m not concerned about losing it but I also don’t want to throw in and spend a million dollars on a bar. I was thinking between maybe $50,000 and $100,000.
Could you maybe tell me your experiences in opening up a business like this over there and some of the pitfalls. I know in most cases you have to have a Thai partner but being American I heard that there’s ways to get around this especially if you’re investing a high enough amount of money into the business. I know that I could have up to 40% ownership if I’m forced to have a type partner but to circumvent that I would probably have two type partners who each get roughly 25% each so I have the full majority.
