Thailand is one of the most lucrative places to do business. If you have some potential idea in your mind, it is possible to start a new business to make profits from this lucrative market. One of the best recommendations from experts is to launch an educational firm in Thailand. When executed with the right strategy and trusted approach, it can become the real game-changer in the Thai market.
Stats reveal that Thailand is a country with a very high literacy rate where almost 90% of people are educated. The residents here prefer to complete their education from top-rated educational institutions. Therefore, if you are willing to run a business focusing on the education sector, Thailand can definitely be a great place to start.
The Thai government is willing to help foreign investors and entrepreneurs to set up businesses in Thailand. However, they have set a few specific rules and regulations that every business owner needs to follow. When you are ready to set up an educational center in Thailand, it is first important to analyze the trends in the market. It requires in-depth research on what specific academic field you wish to start with your new institution. Probably, you may have many existing competitors around. In this case, you have to analyze their strengths and weaknesses that can further help you to prepare a solid strategy. Once you have identified the area, it is good to follow the below-mentioned tips and tricks to proceed ahead:
Building construction
The building of an educational institute must be based on a very peaceful but accessible place. This structure must be prepared with great care and should have proper fire safety and protection system. The area of the entire building and the designs of classrooms must be planned with the help of experienced engineers. At the same time, you have to work on licensing requirements to proceed ahead. Do not forget to prepare separate washrooms for men and women in your educational institute building.
Licensing related formalities
If the institute is to be managed by an individual, there will be different legal and licensing formalities. However, if it has to be handled and owned by a company, the procedure will be quite different. In the first case, the owner must have Thai nationality with an age of more than 20 years and a minimum bachelor’s degree. Moreover, he must be competent enough to run the organization. On the other side, for companies, the address and capital-related decisions must be made carefully. The foreign investors also need to find a major shareholder from Thailand to complete company registration in Thailand.
After completing these two tasks, you may need to start the search for the best teachers that can collaborate with you to lead a professional educational institute. Do not forget to work on the marketing and advertising of your new institute to grab audience attention in the target market. When you run this business with an innovative mindset, it can ensure great returns for years ahead.
Stats reveal that Thailand is a country with a very high literacy rate where almost 90% of people are educated. The residents here prefer to complete their education from top-rated educational institutions. Therefore, if you are willing to run a business focusing on the education sector, Thailand can definitely be a great place to start.
The Thai government is willing to help foreign investors and entrepreneurs to set up businesses in Thailand. However, they have set a few specific rules and regulations that every business owner needs to follow. When you are ready to set up an educational center in Thailand, it is first important to analyze the trends in the market. It requires in-depth research on what specific academic field you wish to start with your new institution. Probably, you may have many existing competitors around. In this case, you have to analyze their strengths and weaknesses that can further help you to prepare a solid strategy. Once you have identified the area, it is good to follow the below-mentioned tips and tricks to proceed ahead:
Building construction
The building of an educational institute must be based on a very peaceful but accessible place. This structure must be prepared with great care and should have proper fire safety and protection system. The area of the entire building and the designs of classrooms must be planned with the help of experienced engineers. At the same time, you have to work on licensing requirements to proceed ahead. Do not forget to prepare separate washrooms for men and women in your educational institute building.
Licensing related formalities
If the institute is to be managed by an individual, there will be different legal and licensing formalities. However, if it has to be handled and owned by a company, the procedure will be quite different. In the first case, the owner must have Thai nationality with an age of more than 20 years and a minimum bachelor’s degree. Moreover, he must be competent enough to run the organization. On the other side, for companies, the address and capital-related decisions must be made carefully. The foreign investors also need to find a major shareholder from Thailand to complete company registration in Thailand.
After completing these two tasks, you may need to start the search for the best teachers that can collaborate with you to lead a professional educational institute. Do not forget to work on the marketing and advertising of your new institute to grab audience attention in the target market. When you run this business with an innovative mindset, it can ensure great returns for years ahead.
