Thinking to Start Business in Thailand? Go for EV Industry!
If you are planning to start a business in Thailand, now is the right time. According to BoI secretary-general Duangjai Asawachintachit, the Board of Investment (BoI) is preparing to come up with many plans. These schemes will entice investors and assist those affected by the Covid-19 epidemic. New BOI Benefits to Start Business in Thailand […]
Business Setup in Thailand: Top 10 Ideas
Are you are thinking about Business Setup in Thailand? Then, let us reveal some of the best small business ideas that you may start in 2021 in this guide. Anyway, here are ten new small business ideas and prospects to consider. These ideas will work even if you just have a minimum amount of money […]
Start Business in Thailand: Challenges to Overcome
There are different types of problems you should know about before you think to start business in Thailand. Setting up a business anywhere in the world is a difficult task. Different types of potential risks will often obstacle your route to success, especially if you are a foreigner. But the question is – Why still […]
What to Know Before Starting Manufacturing Business in Thailand?
Are you thinking about starting a manufacturing business in Thailand? Then you must know about the Thai legal framework which governs the industry. Information on the relevant acts and licenses ruling the manufacturing industry in Thailand is very important for you in the process. Let us help you in the process. This article intends to […]
Operations and Expansion Rules for Manufacturing Businesses in Thailand
The Factory Act of 1992 is the key set of regulations for setting up manufacturing businesses in Thailand. The act governs all activities related to the construction, operations, and expansion of any manufacturing unit along with setting safety standards. This article intends to explain the legal framework governing the operations and expansion of manufacturing businesses […]
How BOI Thailand is promoting Food Industry for BCG?
Agriculture and tourism have been the major sources of revenue for Thailand’s economy for a long time. The awareness towards the development of the Bio Circular Green (BCG) Economy has increased on a global level. Therefore, BOI Thailand is seriously looking forward to its development. With the 5-year strategic plan announced by the Thai Prime […]
Those Who Want to about the Financial System in Thailand
The financial system in Thailand is constituted of different financial institutions regulated by the Ministry of Finance (MOF). Some of them have been briefed below; Domestic Commercial Banks are licensed to follow the traditional business of commercial banking practice. Foreign Commercial Banks get similar privileges as above commercial banks with just a few additional requirements […]
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 […]
5 Lesser-Known Business Opportunities in Thailand
Of course, Thai government is extremely cooperative when it comes to foreigners setting-up a company in Thailand. For example, the US nationals are eligible to own 100% of the business, while eliminating ownership hassles. Also, tax and non-tax benefits are provided to the foreigners who are willing to form BOI promoted business. However, you will […]
Thai’s 4.1% Economic Growth Mark Reached Last Year
According to the fiscal policy report last year, the economic growth in Thailand could reach the 4.1% mark. Though, a 4.5% increase was expected earlier, after declining in export in the last two months of 2018 because of the trade war. Thus the expectation was kept at 4.1%, which Thailand could achieve for sure. […]
