If you are buying a ready made company in Phuket, make sure that the selling company does not have any tax obligations. To check this, you need services of an accounting firm. In most cases, we recommend our clients to form a new company while undertaking any business in Thailand. The first benefit is that you don’t have to worry for tax obligations at the beginning of your business operations.
Location is the most critical for the success of your business and/or if you are expecting good returns from real estate investment. It is also recommended that you should venture in a project in which you have relevant skills. If you are venturing in new business, it is then recommended to start on a small scale. You can survive in Phuket without without learning Thai, but it will be good for you to take time out and learn Thai if you plan to stay in Thailand for long time.
Always do your research before taking any final decision. If you have doubts, ask for business appraisal. For Frequent Asked Questions, click here.
