I will be relocating to Phuket within the next couple of months. I had the idea of opening a small business, however, the more I read up on this, the more worried I am. As I understand it, you must follow a very strict procedure that is both costly (2million BHT) and complicated and then write up a majority stake (51percent) to a Thai national. Is this true? If so, is there a way around this?
Also, I was wondering; If I go to Phuket and open without a license, what would the likely result be?
Thanks to all of you in advance,