Why Thailand Is A Good Business Destination
Thailand is known as the land of smiles and is situated or located in South East Asia. Thailand is known for its exquisite beauty, beautiful beaches, historical treasures and friendly people.
Thailand’s economic condition is fully dependent on its tourist industry. People around the world come to visit this exotic place in order to enjoy the breath taking natural beauty, idyllic beaches and experience its beautiful culture. It enjoys a strategic location and serves as a gateway into the heart of Asia and it is a home to the largest growing economic market today.
The incredible natural beauty, mouth watering cuisine, tropical climate and relaxed lifestyle are the major reasons that attract lot of people to start a new venture in Thailand. This place offers foreign investor’s lot of benefits to make it one of the region’s most attractive investment destination.It you are planning to set up business in Thailand, and then it offers lot of advantages and opportunities. The advantages which are being offered by this place are being listed below.
- 1 1. Easiness of application procedure
- 2 2. Open and welcoming economy
- 3 3. Reasonable taxation
- 4 4. Thriving tourism industry
- 5 5. Affordable business cost
- 6 6. Skilled and well-educated workforce
- 7 7. Friendly and rich culture
- 8 8. Sufficient infrastructure
- 9 9. Convenient regional transportation
- 10 10. Ease of Internet connectivity
- 11 11. Thailand is safe
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1. Easiness of application procedure
Thailand is being reported as the 17th easiest place for doing business in the entire world. Starting a business in Thailand would be the best and smartest decision to do it for the people who are planning to set up a business. The easiness covers from the bureaucratic procedures to the application cost involved.
2. Open and welcoming economy
Doing business in Thailand, especially the Thai business community always loves to welcome foreign investments and companies who have a desire to establish companies in this country. Readymade infrastructure as well as system would be found by the organization for doing business in Thailand in order to run their operation successfully.
3. Reasonable taxation
Another one more advantage for the people is the reasonable corporate tax which people need to pay to the Thai goverement.It may range from 30% to 10% depending on the amount of the profit made by the company.
4. Thriving tourism industry
Thailand is known for its exotic natural beauty and beautiful beaches. It is being considered one of the most visited countries in the world.It would create great scope and advantage for the owners to meet their potential consumers. People from the round the world make a visit to this place that in turn create an opportunity for the Thai business owners to meet and get to know their potential customers who might be interested in their business. If you are planning to set up right type of business, then it would be possible to earn right amount of profit.
5. Affordable business cost
The business cost that includes office rental space is one of the problemsfaced by the owners of the company. InThailand the rental cost is definitely affordable as well as reasonable as compared to other countries.
6. Skilled and well-educated workforce
Well educated and well skilled working environment always adds on growth and success of the business. A growing number of Thai citizens are well educated and qualfied.If you are planning to hire local staff for your company, you will not face any difficulty in finding competent and qualified people in the country. Even majority of Thai locals would be able to communicate properly in English, with large number being fluent. If you need to contract foreigner workers read this article about work permit in Thailand
7. Friendly and rich culture
Thailand is a place which is known for its friendly people, natural beauty and world class cuisine. This place has gained a well deserved reputation throughout the world for its kind and pleasant hospitality. The friendliness of Thai people and diverse Thai culture make the visitors feel safe and make them feel like home.
8. Sufficient infrastructure
In order to run business successfully, a proper infrastructure is required. Businessin Thailand has got good infrastructure with modernized transportation facilties.Even it has got upgraded communication facility as well as IT networks which ensure optimum business and living condition.
9. Convenient regional transportation
Thailand is popularly known to be the hub for transportation not just nationally but also throughout south-east Asian region. The convenience would be more improved as more investment would be given importance for transportation and that may lead to the growth of the business.
10. Ease of Internet connectivity
The Thais like to get online and over the past few years, there has been a real heave in mobile and internet connectivity. The wired network in Thailand is pretty easy to get online even in smaller towns. The wireless network, on the other hand, has seen a real surge in popularity and implementation however is much easier to put the infrastructure in place.
11. Thailand is safe
Everyone has seen the Red Shirt demonstrations and pictures of Thailand submerged beneath a meter of water, but the reality is that Thailand is actually quite a safe country in many respects. The Thais are (for the most part) very easy-going and a lot of what you see in the West is hyped-up for the media. So the operation of any business is hassle free and without any trouble.
As Startup Specialists we have used our knowledge and experience to set up a free portal of frank, accurate information. Do check out www.startupinthailand.com for more details on doing business in Thailand /Asia or for a free startup consultation.
Aditya Interactive is the only company in Thailand to provide a single window solution for all business startup and expansion requirements under one roof : Startup consulting | Market Entry | Legal | Serviced Office | Factory Setup | Representation | Recruitment |Accounting | Operations | Sourcing | Buying | Distribution | Marketing | Regional Business Development | Management.
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