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What are the steps to follow in order to own and run a business in Phuket?

At first sight, Thai laws are very restrictive concerning foreigners who want to establish in Thailand, but in practice it is quite easy.

You will need to create a legal structure, e.g. a company limited and apply for a work permit. Both procedure can be handle by a local accountant.
For each foreign work permit, your company must employ 4 Thai nationals and its capital must exceed 2 millions Baht. Therefore, obtaining 2 work permits will require THB 4,000,000 and 8 Thai employees and so on.

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