By now we all know that a foreigner will have to allow 51% shares to Thais, whereas 49% himself to open limited company in Thailand. Well, this may be fine for the ones who are already in connection with Thais, but what about those who, though have sufficient capital to start a business, do not have a Thai partner to move ahead with the procedure. In that case, one needs to look for a partner. Now how would you do that? Of course, the certain risk is associated with it. I mean how can it be possible to trust your Thai partner, especially when he/she is a complete stranger?
There is good news! You can safeguard your interest as a foreigner by signing a Joint Venture Agreement. We will talk about that sometimes later. For now, let’s focus on how to look for a partner to start a start a business in Thailand. The feasible ways are mentioned below;
- Speak to Your Acquaintances or Colleagues
You can speak to your acquaintances and ask if they would be interested to invest in your business or if you have a Thai colleague already there’s nothing like it.
- Join Social Media Groups
Be a part of the social media groups. Start communicating with the Thais. Let me tell you they are wonderful people; extremely charming and friendly. Who knows you may find your potential business partner in one of these groups.
- Experience Thailand and Know about Their Culture
Visit Thailand, be there and know about the culture. Befriend a few Thai and you may eventually find someone who will be equally interested in doing business with you.
- Be a Part of the Public Platforms
Attending business seminars is a great way not to find your potential business partner but also your investor.
Before you set out to find anyone, be it your business partner or investor make sure you are clear about what you want and how you want. Besides, have a presentation ready, so that if required you can always put up a show.
