Although setting up a company in Thailand needs to be at the forefront of your mind, you can’t overlook the importance of settling your living arrangements first. Regardless of whether or not you have a family, finding somewhere to live in a brand new country can be a nightmare if you don’t do the proper research. While it may seem as if your company’s welfare should take precedence, no one wants to spend too long living out of a suitcase in a hotel. Therefore, you need to look closely at the Thai property market in order to find a bargain. As the cost of living in Thailand is much lower than in Western countries, this is not that difficult but it doesn’t mean you can get away without putting in some effort.
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Although Bangkok is a huge city, it is one of the world’s least expensive when it comes to finding accommodation. As you may find when you are setting up a company in Thailand, property in the nation is rather cheap and it is possible to find a fabulous apartment for a relatively low cost. Certainly, if you come from the United States, Australia or a Western European country, it will be clear that you can find a standard of living quarters that would be completely unaffordable back home. For example, you can find a terrific 100 square meter apartment in Bangkok for approximately $250,000.
Getting Settled
Although the global economic crisis has battered the property market worldwide, Thailand is not nearly as badly affected as Western nations. Perhaps this is due to the fact that the Thai economy is doing better than most since 2006. When setting up a company in Thailand, you will find that property prices have increased in the last few years yet the average price per square metre is still way below what one would pay in the West. In terms of finding information, there are some excellent websites that cater specifically to foreigners looking to live in Thailand.
If you are setting up a company in Thailand and intend on bringing a family with you, it is important to take their needs into consideration. This means finding accommodation located near a school and public transport. Fortunately, there are also properties on the market that fulfil these needs. As you might expect, these will be a little bit more expensive because of the convenience they offer but the investment will be well worth it. If you ever decide to sell, there will be no shortage of willing takers at the price you set.
There are many different facets to setting up a company in Thailand, getting settled in a comfortable and safe apartment is one of the most important. There are various price levels and you can choose a modest location to begin with before becoming more extravagant as your business begins to yield profit. Foreign businessman view setting up a company in Thailand as the opportunity of a lifetime and understand that finding suitable accommodation is one of the many steps they must take.
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