India to Strengthen Its Ties with ASEAN, Opening a Pool of Opportunities for Indian Expats
Sources say that India is to strengthen its economic ties with Thailand and the ASEAN region by joining the Regional Comprehensive Economic Partnership (RCEP) and its participation in the trilateral highway project. Fortunately India could understand the need of the hour, which is joining the RCEP; else it may suffer from trade deficits. If negotiations […]
Investment Opportunities in Thai Elderly care could be a Great Option!
With the increasing aging population in Thailand, the need for elderly care is rising. And they can be grouped into two; short-term and long-term care. Short-term care focuses on services and support for everyday activities offered within and outside the care facilities. Also, this includes activities for the senior citizens to relax and socialize and […]
Stepwise Guide for Company Set-up in Thailand
Step 1: Reservation of the Name The company’s name should not be similar to any other Thai companies. The Business Development Office’s guidelines assist in deciding a name for your company. However, the approved name will be valid for thirty days without any extension. Step 2: Memorandum of Association The document should include reserved name […]
Scope of Business in Plastic Waste Management in Thailand
As Thailand Cabinet approves a roadmap to manage waste in 2018-2030 while limiting or ending usage of specific plastics, the country may be in need of more number of plastic waste management agencies. Thailand is thus expected to be free from three types of plastic usage, including cap seals, oxo-degradable plastics, and microbeads plus from […]
Bangkok, Making It to the Top among 12 Top E-commerce Cities in Asia
In the coming years e-commerce is expected to grow driven by the growing number of users of mobile phones and internet. So, how do can one say that Thailand is ready to become an e-commerce city? To say that, we need to consider several other factors other than just the economic size. To begin with, […]
Banks in Thailand Supporting Pushing Agricultural Items to Chinese Market
Thailand’s Small and Medium Enterprise Development Bank of Thailand (SME D Bank) has been trying to process agricultural products in China’s market. And their efforts finally paid off when one of the Chinese companies decided to pilot buying of 16,000 tons of processed fruit products of Thailand that is expected to generate over two million […]
Thailand Geared up to Support Aerospace through BOI’s Incentives
To believe reports, Thailand is likely to become the leader of MRO in the Southeast Asia by giving support to a rapidly extending aerospace sector through the Board of Investment (BOI) incentives. This board has already approved promotion incentives for those companies that choose the Kingdom as the base for their aircraft maintenance, overhaul activity, […]
In Case You Want to Set-up a Factory in Thailand! Factory Construction and Operation Laws under BOI
Factory construction and operation is regulated by the Factory Act under which “a factory is defined as a building, place or a vehicle, using a machine from five or more horsepower or that employs more than seven workers for assembling, producing, manufacturing, testing, improving, storing, conveying, destroying, or maintaining anything”. But that is not owned […]
Want to Do Business in Thailand? This can Give You an Overall Idea about the Costs
The cost of starting a business in Thailand depends on various factors such as; What type of business did you intend to perform in Thailand? Do you have an address in Thailand to be used as your company’s registered address? If yes, roughly where is it located? Do you have a Thai partner/shareholder? No. of […]
New Incentives to Support Aerospace Sector in Thailand
An investment promotion incentive has been approved by the Thailand Board of Investment for the companies who choose Thailand as the base of the aircraft maintenance, overhaul activity, and repair. The country’s MRO expenditure has been forecasted to reach an amount of USD $10.6 billion, with engine, component, and the airframe. If you don’t […]
