why setting up business in thailand is a good idea?

6
B U S I N E S S A D V I C E WHY SETTING UP BUSINESS IN THAILAND IS A GOOD IDEA? K O N R A D L E G A L . C O M

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Page 1: Why Setting up Business in Thailand is a Good Idea?

B U S I N E S S A D V I C E

W H Y S E T T I N G U PB U S I N E S S I N T H A I L A N D

I S A G O O D I D E A ?

K O N R A D L E G A L . C O M

Page 2: Why Setting up Business in Thailand is a Good Idea?

S E T T I N G U P A N E W B U S I N E S S I N T H A I L A N D ?

Image source: furthestcity.com

Page 3: Why Setting up Business in Thailand is a Good Idea?

L E A R N W H Y

After seeing decades of double digit growth rates, Thailand again

has resurfaced as a country with sound growth potential. With a

modern manufacturing and service based economy with a large

pool of educated, English speaking workforce, Thais are now

welcoming foreign investment in large numbers.

Thailand has one Asia’s most vibrant economies and isknown to be one its richest. The World Bank regards

Thailand as an upper middle income country that hadseen explosive growth rates through the 1980s and the

early 1990s.

Page 4: Why Setting up Business in Thailand is a Good Idea?

#2. Thailand has a diverse

manufacturing sector that is

active in exporting a diverse

array of foods, toys, fish

products and rubber. The

FMCG industry is one of the

best in Asia and Thailand is a

regional leader in trade and

commerce.

#1. Thailand has an open

economy and is open to

foreigners opening up base

in the country. Organizations

from all over the world can

find a good infrastructure

coupled with an inviting

climate to open up shop here

in Thailand.

Page 5: Why Setting up Business in Thailand is a Good Idea?

#3. The government policies are forward thinking and very

innovative. The country believes in opportunity and

socioeconomic advancement. Foreign investment is largely

encouraged by the Thai authorities and most foreign

businesses find the taxation and infrastructure climate one of

the best in Asia.

#4. Apart from proactive government policies, Thailand has a large and

adaptable, cost efficient work force. The country has 94 per cent literacy

rate among the men while 90 per cent of women are literate. Despite

being educated, the Thai workforce has a very cost efficient track record

in the region. The average daily wage for Bangkok for instance is only

about USD $6. With low rates of corruption, Thailand also is able to

attract good foreign investment from the West.

Page 6: Why Setting up Business in Thailand is a Good Idea?

T H A N K Y O UF O R R E A D I N G O U R

P R E S E N T A T I O N

+ 6 6 2 6 2 6 - 0 2 7 7

If you want to open a business in Thailand, we are here to

assist you with a complete legal solution. Please feel free to

contact us: konradlegal.com/contact­us. Know more about our

services here: www.konradlegal.com.