Why Do Foreigners Think That Opening A Company in Thailand is More Profitable?
These are the reasons why I believe opening a company in Thailand is more feasible and profitable. Let’s have a look at them;
Open Company
The business community in Thailand is quite welcoming. They encourage foreign investments and companies willing to establish operations in the kingdom. In fact, the infrastructure is completely business-friendly, therefore functioning becomes easier.
100% Foreign Ownership
Any BOI registered company in Thailand can have 100% foreign ownership. In fact, the process of registration is quite simple and it can be done in no time, provided you have all the supporting documents.
US-Thai Treaty
American expats get to enjoy some special rights and benefits because of the US-Thai Amity Treaty. The treaty allows an American company in Thailand to hold a majority of the shares. Moreover, American companies can get engaged in the same business as the Thai companies.
Diverse Sector, Especially Manufacturing Sector
Thailand’s manufacturing industry is huge and diverse, producing a wide range of goods, which includes rubber, furniture, fish, and jewelry. And it is these strengths in the manufacturing or FMCGs that have guided Thailand to become a leader in the trade and commerce.
Foreigner-Friendly Government Policies
The Thai government works to encourage socioeconomic advancement and development. The investment made by the foreigners is strongly encouraged by the authorities in Thailand. Moreover, the government policies over the last few years have made inviting ambiance for foreign companies.
Cost-Efficient Workforce
Thailand has one of the largest and highly skilled workforces with a great potentiality for development in the future. Apart from being flexible and highly educated, the workforce in Thailand is also very cost-efficient. Therefore, you don’t need to shed off extra money after them.
Thai Culture
The Kingdom is friendly and hospitable. Foreigners will feel home being here. Plus the availability of resources makes it a sustainable place. However, you should consider taking a cultural awareness course for better understanding.
