It is getting harder and harder to make money in Thailand.
Even more so for foreigners.
A total of 3,921 businesses in Thailand ceased operations in the first four months of 2025, an increase of 8.3% compared with the same period last year, according to the Department of Business Development.
General construction – 372 closures, registered capital of B652mn.
Real estate – 184 closures, registered capital of B912mn
Restaurants/eateries – 159 closures, registered capital of B391mn.
Key factors behind closures include soaring household debts that have reduced consumer spending, a volatile global economy and uncertainty over US trade policies, the department said this week.
Kasikorn Research Centre (K-Research) predicted that more Thai factories will close this year than in the past two years, citing a weakening manufacturing sector and ongoing economic challenges.
There are no guarantees you can find any financial success simply by opening a business in Thailand.
What you think MIGHT work out, is most cases, does not.
Do not move to Thailand with the expectation you will make money or you will regret it.