Korean Job Discussion Forums

TECO · Joined: 20 Jan 2003

Any Thail experts here think it would be a good time to get involved with a little business in Phuket or Samui right now?

I talked to an English teacher recently, and apparantlyhe opened a little bar and bungalow on Ko Samui. He says he teaches for 6 months and then goes and works his business (has a partner) the rest of the time duiring mostly over the winter.

I thought you had to have a Thai partner to get inovlved with a business in Samui.

Anyone here doing something similar now?

Zark · Posted: Sun Mar 12, 2006 8:22 am Post subject:

Yes, you'll need a Thai partner.

Be careful, foreigners are scalped daily here. . .

itaewonguy · Joined: 25 Mar 2003

go for it man,, will be a fantastic experience! dont let worry or doubt stand in the way! all or nothing my man!!! you will have a fantastic memory of it one day!! once in a life time opportunity!
a business on samui!!! damn wish I could do it..

Tiger Beer · Joined: 07 Feb 2003

I heard that if you get a good enough lawyer (risky in itself).. they'll find a half dozen thai partners who don't know each other (and aren't willing to get together to screw you).

Meaning you'd have control of the business with your 49%.. (they'd essentially be 'investors').

I'm not sure I'd do that in Thailand myself though.. but heard of it as one possibility.

Grotto · Joined: 21 Mar 2004

Bars HELL open an English school...thats where the real cash is!

Zark · Posted: Sun Mar 12, 2006 5:00 pm Post subject:

TECO · Joined: 20 Jan 2003

Zark:

Thanks for the reply.

I've read your posts and checked your site.

Someone with as much exprience living in Thailand like youself, have you considered opening up a little business?

Personally, I am interested but I'm too scared of getting f'ed over out of my savings.

I've been as a tourist many times but I don't speak the language, have no Thai friends and just don't know enough about how the place works.

Zark · Posted: Mon Mar 13, 2006 8:27 am Post subject:

Don't want the headache of owning/operating a business here. Fraught with problems.

I DO have investments in my home country - where I know the law works for me.

That said - I do intend to invest in a rental condo here - soon. Hoping to balance the risk of a weak dollar (that I intend to retire on someday) - with something here.