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30 November 2021
Reports reveal that Thailand has incredible investment potential in the field of the automotive industry. Over the past 50 years, the country has improved its operations from being an assembler of various auto parts to a top-rated automotive manufacturing hub.
Thailand has a leading automotive manufacturing base among all Southeast Asian Nations and with shipments to more than 100 countries, they have become the 13th largest explorer of automotive parts and 6th largest manufacturer of commercial vehicles in the world. By the end of 2020, Thailand claims to manufacture more than 350000 vehicle units which makes it a top performer in the automotive industry at the global level.
It is observed that the Thai auto parts and automobile industry promise almost 12% economic growth for the (more...)
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11 November 2021
For those who are interested to lead a business as a foreign investor in Thailand, it is better to find opportunities in the tourism sector. After all, this is the most profitable industry in the country.
Thailand is one of the most preferred tourist destinations that serve millions of visitors every year. The main reason behind the increasing popularity of this place is the rich cultural heritage and beautiful beaches. Tourists often find it more exciting to spend time with local people that help them enjoy a gastronomic experience. Therefore, as a foreign investor, you can also try to find opportunities in the field of the tourism business sector.
Company registration in Thailand must be performed as per set regulations and rules; especially when you are planning a completely foreign (more...)
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26 October 2021
If you are looking for some of the best business ideas to invest as a foreigner in Thailand, SME business can be a great idea. Thailand is one of the prosperous cities in the world where most of the reputed brands prefer to set up their branch offices or manufacturing units. But there are so many things that you need to know about legal formalities and guidelines in the country. The foreigner also needs to learn the process of company registration in Thailand.
SME businesses are highly popular worldwide; however, they are more successful in Thailand. Those who are planning to succeed with the idea of SME business in the country might be first interested to find the best ideas and the related benefits to lead ahead with proper strategy. Well, here we have listed some of the best ideas (more...)
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14 October 2021
There are so many creative business ideas that can flourish in Thailand, but one of the most interesting can be a flooring business. As Thai people are fond of designing cozy and beautiful living spaces, you can find a great audience base with ease. Moreover, the Thai government is also ready to offer several exemptions and rebates to foreigners that are interested to set up flooring business in the country. You can also avail assistance from local attorneys and agencies to complete company registration in Thailand.
Thailand is one of the top-rated locations for setting up new business. The main reason is the easy availability of raw materials and labor as well. In order to run your flooring business, you can easily find suppliers and machinery as well. People prefer advanced flooring (more...)
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29 September 2021
Most multinational companies around the world are looking for the best opportunities to expand their business operations to Thailand. But they often find it complicated to set up a Thai Limited Company. Rather, many of the business professionals are eager to set up branch offices in the country from where they can keep an eye on specific operations.
As per the Thai laws, the branch offices are also recognized as global companies and they are governed under Foreign Business Act (FBA). Therefore, the business owners are desired to obtain Foreign Business License in order to set up their branch office anywhere in the country. Other than this, as per Thai law, unlike regional offices and representative offices; branch offices are not restricted to do non-trading activities. The branch (more...)
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