Open a Bar in Thailand
Updated on Tuesday 20th December 2016
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In order to open a bar in Thailand, foreign citizens need to have a Thai partner who must own 51% of the business. On the other hand, opening a bar in Thailand means respecting the rules and the regulations as for opening any kind of business in the country. It is good to know that you will need the Thai liquor license to sell any type of beverages. Our experts in company formation in Thailand can offer proper assistance and guidelines if you want to open a bar in Thailand.
Necessary documents to open a bar in Thailand
Opening a bar in Thailand can be a fruitful business for all foreigners who wish to settle in the country and make profits. There are certain conditions and requirements you need to consider when deciding to open a bar in Thailand. If you want to speed up the preparation of the documents, you can solicit help and guidance from our company registration agents in Thailand. Please consider the following steps to set up your business:
• you must reserve a name for your bar in Thailand;
• you need to open a bank account and to have at least BHT 2,000,000 minimum share capital;
• you will need to register the business for VAT with the Thai authorities in charge;
• you must prepare the company’s articles of association;
• the Trade Register in Thailand will evaluate the documents and register the company.
Obtain the liquor license in Thailand
The Thai liquor permit is necessary if you want to sell alcoholic beverages in the country, no matter if you set up a restaurant or you open a bar in Thailand. The District Office in Thailand is in charge of issuing the liquor licenses after examining certain documents like:
• the company’s documents, including VAT certificate;
• the location’s lease or rental documents;
• identification documents of the bar owners who want to sell alcohol beverages;
• performa invoice;
• power of attorney.
One should know that the liquor license in Thailand is available for one year, with the possibility of renewing it within 30 days before the expiration date. When preparing the documents, you should consider translating them in the Thai language. The permit for selling alcohol beverages in Thai bars or restaurants will be granted if the Ministry of Industry considers the alcoholic degree of every beverage conforms with the Industrial Standards in Thailand. When submitting the documents, a BHT 200 fee must be paid. As a reminder, the company registration procedure in Thailand implies the main stages as for registering most of the businesses available in the country.
Why open a bar in Thailand?
Thailand offers many business opportunities in many important fields. The tourism is extremely developed and many people enjoy visiting different cities and discovering cultures and traditions. When dealing with a well-advanced sector, you should offer as many possibilities as you can. A restaurant or a bar in Thailand that offer numerous delicacies encountered and known worldwide should be a great choice and a suitable opportunity to make profits. Besides that, the company registration process in Thailand is quite easy and the rules are permissive.
You may receive additional information about how to open a bar in Thailand if you get in touch with our company formation representatives in Thailand.