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08 September 2021
Whether you call it the impact of a pandemic or the changing trends in the market, most people these days are looking for home services on demand. Consumers these days are willing to spend on high-quality services and this is the main reason behind the high economic growth of the country. The market size for on-demand services in the year 2017 was THB 52,680M which is now expected to grow up to THB 76,000M by the end of the year 2022.
There is an extensive range of home services that people look for in Thailand, the list includes home cleaning, plumbing, laundry care, lawn cleaning, and painting. As people are interested to avail fast and price-sensitive services, the companies can take the advantage of growing their profits by improving the service quality.
If we check the latest (more...)
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30 August 2021
It is common to find stories about lawsuits and businesses regarding intellectual property infringement on websites and newspapers. In order to ensure favorable results in such circumstances, business owners are advised to protect their ideas through copyright, patent, trademarks.
Intellectual property is one of the most valuable assets in the business industry these days. Being tangible in nature, intellectual property is basically a result of ideas, knowledge, and creativity. It is basically a spark that is responsible for the flames of success in the business industry and has the potential to differentiate your business from other competitors. That is why all foreign investors in Thailand are advised to follow all legal requirements for protecting their business idea.
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11 August 2021
So, you are planning to set up a new business in Thailand! This is definitely a great idea and you can ensure considerable profits in the long run. However, before beginning with your company registration in Thailand, it is important to do some basic analysis regarding the business idea.
You might have prepared a long list of business ideas and now you need to narrow it down to pick the best one. Well, the process may require you to do basic cost, feasibility, and revenue analysis to know about potential income streams. If the revenue sources are higher than the potential cost of establishing and running a business, it may be easier to consider the idea for market validation. At the same time, it may help you to eliminate all those ideas that have poor revenue streams and can put more (more...)
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30 July 2021
The medical healthcare sector offers an incredible business opportunity in Thailand. Over the years, Bangkok has been the top-rated place for medical tourism leading to the estimated GDP growth of 3 billion US dollars. Stats reveal that almost 2 million patients visit Thailand on annual basis to receive treatments from different medical centers and hospitals. The main reason behind this popularity is that all the reputed hospitals in the country have state-of-the-art medical facilities with English-speaking doctors. With this, Thailand is now being recognized as a significant hub for excellence in the medical field and it has attracted more than $53.3 million of foreign investments to support the medical sector.
Support of government for leading medical business in Thailand
Thailand 4.0 (more...)
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13 July 2021
2020 has been a year full of challenges, uncertainties, and difficulties for business owners around the world. The big brands maintained to serve audience interests with their advanced delivery options online; however, many small businesses were closed due to limited financial support.
Although the market got saturated for several months due to extended lockdown measures and the pandemic effect, the Thai government is welcoming new investors to balance the economical conditions. The high margins, online shopping behaviors, and recurring purchase patterns are also supporting foreign investors now to lead their brand.
If you are also interested to do company registration in Thailand to serve the local or global community, there are several interesting factors that you should understand (more...)
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