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Thailand Forum > Business in Thailand, Jobs in Thailand > Jobs, economy, banking, business, investment in Thailand > SME Business in Thailand
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What Kind Of Business Would You Set Up? |
 2009-07-18 17:34:09
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#1
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Newbie  Group: Members Posts: 4 Joined: 2009-07-18 Member No.: 87,186  |
This is my first post. I travel to BKK about 5 times a year for R & R. I live in Singapore. (Yes, it's nice to be so close to the LOS.  ) I'm completely in love with thai culture, food and the general way of life in BKK and I am actually making plans to relocate there within the next year or so.My question: I have 5 million baht to invest in a business in BKK; one which would give me enough income to sustain a simple lifestyle in BKK. I'd like some business suggestions please. What would you invest this 5 million baht in? Thanks! ian |
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2009-07-18 18:08:03
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#2
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Senior Member Group: Members Posts: 488 Joined: 2008-01-23 From: Somewhere in time. Member No.: 57,164 |
If you want to make a small fortune in Thailand, start with a large one.
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2009-07-18 19:29:56
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#3
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Platinum Member Group: Advanced Members Posts: 2,826 Joined: 2005-07-27 From: Some place else Member No.: 20,996 |
 You could look here; http://www.thaivisa.com/forum/Business-Pro...ls-t281505.html.Or you could leave your money in a bank in Singapore, where you get some sort of security. If you are asking on an open internet forum you need to do a little more personal analysis to understand yourself. When you have looked in the mirror for more than preening, a little analysis will tel you where you should be investing and looking to work. As a separate idea there are a number of real estate ventures looking for capital in the high growth areas of real estate in Pattaya. A quick perusal of the Pattaya section will point you in the right direction, just ignore the ney sayers they are just jealous of anyone with resources. 
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2009-07-18 19:40:23
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#4
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Blue Leo Member Group: Advanced Members Posts: 11,408 Joined: 2004-10-30 Member No.: 13,995 |
QUOTE (iantoh @ 2009-07-18 12:34:09)  Hi Everyone. This is my first post. I travel to BKK about 5 times a year for R & R. I live in Singapore. (Yes, it's nice to be so close to the LOS. ) I'm completely in love with thai culture, food and the general way of life in BKK and I am actually making plans to relocate there within the next year or so.My question: I have 5 million baht to invest in a business in BKK; one which would give me enough income to sustain a simple lifestyle in BKK. I'd like some business suggestions please. What would you invest this 5 million baht in? Thanks! ian Marry a Thai girl ?  On a serious note: don't ask others what they would do or invest in. You can only be successful if YOU have a good idea and than...don't talk about it on a public forum but just DO IT. LaoPo |
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2009-07-18 20:03:44
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#5
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Defender of the Realm Group: Advanced Members Posts: 19,697 Joined: 2003-11-17 From: World Member No.: 5,801 |
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2009-07-18 21:08:42
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#6
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Senior Member Group: Members Posts: 373 Joined: 2009-03-27 From: Koh Chang/Trat Member No.: 79,950 |
My humble suggestion is,put money in the bank,travel Thailand a little bit,look around,speak with people and learn a lot,and think twice and thrice before starting a business here.So many sad stories around about people who thought that was easy to make money in LoS.
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2009-07-19 09:13:08
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#7
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The quality poster you can trust! Group: Super Moderators Posts: 5,750 Joined: 2003-12-03 From: Pattaya (where the hel_l is....) Member No.: 6,036 |
5 Mio Baht is SME size in my books, hence moved to the SME forum.
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2009-07-19 10:48:03
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#8
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Senior Member Group: Members Posts: 117 Joined: 2005-08-31 From: Bangkok, Thailand Member No.: 21,765 |
QUOTE (iantoh @ 2009-07-18 17:34:09) Hi Everyone. This is my first post. I travel to BKK about 5 times a year for R & R. I live in Singapore. (Yes, it's nice to be so close to the LOS. ) I'm completely in love with thai culture, food and the general way of life in BKK and I am actually making plans to relocate there within the next year or so.My question: I have 5 million baht to invest in a business in BKK; one which would give me enough income to sustain a simple lifestyle in BKK. I'd like some business suggestions please. What would you invest this 5 million baht in? Thanks! ian Right now I think the best business in Thailand is property, with the world economy in crisis many people want to bail out and you can get some real good deals now in Bangkok. If you buy in the right locations and get a discount price, your property will appreciate over time, and while you wait you can lease out your condos and make a nice return that way too. Plus you don't have the usual hassles of setting up a business, company filings, taxes, accounting fees, license fees, employee theft, payroll, bribes, etc. But you have to know where and what to buy for the rental market here and how much the property is really worth (as there is no MLS Real Estate service here like we have in the USA that shows what similar properties sold for before). |
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2009-07-19 14:00:23
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#9
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Senior Member Group: Members Posts: 259 Joined: 2003-05-29 From: Surin Member No.: 1,943 |
QUOTE (Rainmon @ 2009-07-19 10:48:03) QUOTE (iantoh @ 2009-07-18 17:34:09) Hi Everyone. This is my first post. I travel to BKK about 5 times a year for R & R. I live in Singapore. (Yes, it's nice to be so close to the LOS. ) I'm completely in love with thai culture, food and the general way of life in BKK and I am actually making plans to relocate there within the next year or so.My question: I have 5 million baht to invest in a business in BKK; one which would give me enough income to sustain a simple lifestyle in BKK. I'd like some business suggestions please. What would you invest this 5 million baht in? Thanks! ian Right now I think the best business in Thailand is property, with the world economy in crisis many people want to bail out and you can get some real good deals now in Bangkok. If you buy in the right locations and get a discount price, your property will appreciate over time, and while you wait you can lease out your condos and make a nice return that way too. Plus you don't have the usual hassles of setting up a business, company filings, taxes, accounting fees, license fees, employee theft, payroll, bribes, etc. But you have to know where and what to buy for the rental market here and how much the property is really worth (as there is no MLS Real Estate service here like we have in the USA that shows what similar properties sold for before). I agree with those that suggest you keep it in the bank. I've got a business in Thailand & the clowns you must deal with daily makes it all too hard...Especially for a 'Newie'. You will soon fall out of love with most things "Thai". |
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2009-07-19 14:08:01
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#10
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Senior Member Group: Members Posts: 347 Joined: 2008-12-13 From: Land Of Scams Member No.: 73,039 |
Just avoid a particular well known brokerage/legal firm, as apart from the first impression they might give, you will just waste your money for totally useless documents, just send me a private message if you need more information, good luck!
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2009-07-19 14:54:48
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#11
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Senior Member Group: Members Posts: 117 Joined: 2005-08-31 From: Bangkok, Thailand Member No.: 21,765 |
QUOTE (surayu @ 2009-07-19 14:08:01) Just avoid a particular well known brokerage/legal firm, as apart from the first impression they might give, you will just waste your money for totally useless documents, just send me a private message if you need more information, good luck! I totally agree with Surayu! well said... |
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2009-07-22 02:09:21
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#12
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Newbie Group: Members Posts: 4 Joined: 2009-07-18 Member No.: 87,186 |
Thanks everyone for the suggestions. Sorry if the question sounded frivolous. I do have an idea of what I'd like to get into. I'm in the health supplement business in Singapore but I certainly don't mind venturing into something different in BKK, maybe even something radically different, like a restaurant. Just wanted to know what kind of suggestions I'd receive.
Property has been mentioned several times but I've been told by some agents that BKK property doesn't really appreciate that much, if at all. We're talking about previously-owned (resale) property of course. Brand new developments do appreciate considerably sometimes, but I think I would need a lot more than 5M baht to purchase those.
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2009-07-22 15:33:32
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#13
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Senior Member Group: Members Posts: 347 Joined: 2008-12-13 From: Land Of Scams Member No.: 73,039 |
QUOTE (iantoh @ 2009-07-22 02:09:21) Thanks everyone for the suggestions. Sorry if the question sounded frivolous. I do have an idea of what I'd like to get into. I'm in the health supplement business in Singapore but I certainly don't mind venturing into something different in BKK, maybe even something radically different, like a restaurant. Just wanted to know what kind of suggestions I'd receive. Property has been mentioned several times but I've been told by some agents that BKK property doesn't really appreciate that much, if at all. We're talking about previously-owned (resale) property of course. Brand new developments do appreciate considerably sometimes, but I think I would need a lot more than 5M baht to purchase those. what about investing on a solid sin-sod? well, actually let me get back to you on that one 
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2009-09-20 14:37:16
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#14
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Member Group: Members Posts: 11 Joined: 2009-09-20 Member No.: 91,801 |
Hi Ian
Nice to know that like me you are also looking to make business in Thailand. U have sufficent money to invest, but i would suggest you not to jump in any business which will make u in difficulty. I have few ideas if you like to share, pls send me private message. Have a nice time Mo |
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2009-09-20 14:41:01
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#15
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Senior Member Group: Members Posts: 118 Joined: 2008-01-30 Member No.: 57,488 |
QUOTE (iantoh @ 2009-07-18 17:34:09) Hi Everyone. This is my first post. I travel to BKK about 5 times a year for R & R. I live in Singapore. (Yes, it's nice to be so close to the LOS. ) I'm completely in love with thai culture, food and the general way of life in BKK and I am actually making plans to relocate there within the next year or so.My question: I have 5 million baht to invest in a business in BKK; one which would give me enough income to sustain a simple lifestyle in BKK. I'd like some business suggestions please. What would you invest this 5 million baht in? Thanks! ian Buy my condo
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2009-09-20 14:45:40
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#16
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Super Member Group: Banned Posts: 1,958 Joined: 2006-12-11 From: Bkk Member No.: 39,032 |
I'd play safe and keep the money in a Singaporean bank - then again I'm quite poor...
This post has been edited by jasreeve17: 2009-09-20 14:46:16 |
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2009-09-20 15:36:00
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#17
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Senior Member Group: Banned Posts: 414 Joined: 2009-07-08 Member No.: 86,511 |
QUOTE (britmaveric @ 2009-07-18 20:03:44) Personally I wouldnt..... keep your 5million in the bank. (this will be the best decision you ever make) Fully agree. I moved as much as I could out a few months ago and have been earning good returns offshore. Don't keep money in Thailand and especially don't invest money in Thailand. |
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2009-09-20 15:41:57
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#18
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Senior Member Group: Advanced Members Posts: 893 Joined: 2009-06-18 From: Khon Kaen Member No.: 85,282 |
Come to Isaan, become a money lender, take folks land certificates as security.
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2009-09-26 10:48:14
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#19
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Newbie Group: Banned Posts: 3 Joined: 2009-09-26 Member No.: 92,215 |
QUOTE (iantoh @ 2009-07-22 02:09:21) Thanks everyone for the suggestions. Sorry if the question sounded frivolous. I do have an idea of what I'd like to get into. I'm in the health supplement business in Singapore but I certainly don't mind venturing into something different in BKK, maybe even something radically different, like a restaurant. Just wanted to know what kind of suggestions I'd receive. yup , a restaurant would be radically different. new concept to thailand. oh! you mean new to you. either way restauarnt is no good. get a girl and do laundry, massage, or hair saloon!
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2009-09-26 11:20:52
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#20
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Platinum Member Group: Advanced Members Posts: 2,210 Joined: 2004-04-27 From: Bangkok Member No.: 9,399 |
Buy a condo?
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2009-10-10 09:51:33
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#21
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Newbie Group: Banned Posts: 6 Joined: 2009-10-09 From: Bangkok Member No.: 93,152 |
well, i have been living in bangkok for the last 5 years and own a company too. I don't think it is that hard to run business in Thailand. However, you have to make sure you spend less then what you earn. Mostly people here who have business problems aren't really here for business but for enjoyment and nightlife.
It is not business fails people, it is people fail business. My advice to you is to come Bangkok and seek for the opportunities that has the best priority. As far as investing the money is concerned which is obviously the matter of snapping finger, the real work begins to make it run. All the best and Good luck! Helping guru |
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2009-10-21 15:39:27
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#22
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Member Group: Members Posts: 21 Joined: 2009-05-30 From: italy Member No.: 84,093 |
You have free 5 million, stay in singapore, e want open business in.. thai?
fake account sure.. |
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2009-10-26 14:11:22
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#23
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Advanced Member Group: Members Posts: 74 Joined: 2008-12-11 Member No.: 72,949 |
BKK isn't particulary cheap to invest. BKK is good to operate a small office or home office without alot investment.
Money investments are bad business there. Time investment is much better. This post has been edited by tommybkk: 2009-10-26 14:14:21 |
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2009-11-02 22:05:37
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#24
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Newbie Group: Members Posts: 9 Joined: 2004-08-05 Member No.: 11,902 |
Just an idea...with this Commercial Property in Pattaya
House with 584 Square Meters Land (Width 15 Meter x Length 39 Meter) is available for 6 years rent Address: No. 436/16 Pattaya Beach Road Soi 1 (opposite Sabai Lodge Hotel) FOR Rent = Six Years Contract (No Key Money) First 3 Years = THB 30000.– Monthly Last 3 Years = THB 40000.- Monthly FOR Sale = THB 30M. *For more information please contact owner directly at Tel. 081-8150137 |
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2009-11-06 22:05:30
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#25
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Newbie Group: Members Posts: 2 Joined: 2009-11-06 Member No.: 94,876 |
QUOTE (HelpingGuru @ 2009-10-10 10:51:33) well, i have been living in bangkok for the last 5 years and own a company too. I don't think it is that hard to run business in Thailand. However, you have to make sure you spend less then what you earn. Mostly people here who have business problems aren't really here for business but for enjoyment and nightlife. It is not business fails people, it is people fail business. My advice to you is to come Bangkok and seek for the opportunities that has the best priority. As far as investing the money is concerned which is obviously the matter of snapping finger, the real work begins to make it run. All the best and Good luck! Helping guru Hi! directly from Munich This is my first Post. By your name you ( and also the others) could help or might give me some good advises  : We have the every good plan for making a Business in Rayong, Rubberband Factury. The Business Plan is ready done. We are ( my Thaiwife, my german friend and I) at the Start Up and need Venture Capital. Of course, the Capital from Germany for making a Business in Thailand isn't really easy to convince the Investors( although the reaction to the Business Plan is very positive). Is it possible to find Investor in Thailand and How?again, our Idea is very good and works. Just now the problem is to find some Infos about Venture Capital in thailand. Thanks forward.. |
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