why setting up business in thailand is a good idea?
TRANSCRIPT
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
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 ?
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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.
#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.
#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.
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
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