Taking Over a Massage Parlor in Soi Buakhao: Legal and Financial Considerations

[aiden15632]

Inquiring About Ownership, Registration, and Taxation
Hello everyone,
I’m considering taking over a small massage parlor with my Thai girlfriend in Soi Buakhao and would greatly appreciate some guidance on several key aspects of this venture. Here are the specific areas where I’m seeking advice:

• Ownership Structure: According to Thai law, I understand that foreign ownership in certain types of businesses can be restricted. Specifically, I’d like to know how much of the business I can legally own. Is a 49:51 ownership split, where I own 49% and my Thai partner owns 51%, permissible? Any insights into the legal framework for business ownership for foreigners would be very helpful.
  
• Business Registration: What are the steps for registering a massage parlor in Thailand? Where should I go to complete the registration process, and what documents are typically required? Understanding the registration process will help ensure that the business is set up legally and complies with all local regulations.
  
• Taxation: How is income from a massage parlor taxed in Thailand? Are there specific tax rates or regulations that apply to this type of business? Additionally, are there any other financial obligations or compliance issues that I should be aware of, such as VAT or business tax?
  
• Additional Considerations: Beyond ownership, registration, and taxation, are there other important factors or challenges I should consider when taking over a massage parlor? This might include licensing requirements, staff regulations, or local business practices.
  

Your expertise and experiences would be invaluable in helping me navigate this process. Any advice or resources related to the legal and financial aspects of taking over a massage parlor in Thailand would be greatly appreciated.
Thank you in advance for your assistance and insights!