Thailand, today, is the number one choice for doing business. Depending on the availability of resources and ease of operating a business, expats these days choose Thailand over other countries to set up business. If you have been thinking to try your luck outside your comfort zone and invest in another country, then Thailand could be the one for you. Here are a few business opportunities you can think of;
1. Restaurant Industry
The best so far! Considering that Thailand is a tourist-heavy country, restaurants and bars run really well. Not only this, Thais equally love eating out. Hence, you can expect almost similar number of tourists and Thais as your guests. A lot of aspiring business owners therefore generally prefers to open restaurant in Bangkok and Pattaya. However, for that one needs to acquire Food or Alcohol License.
2. Web Design
It has started to become popular in Thailand. Advancement in technology has prompted companies to seek web designing firms for designing and maintaining online destinations. Considering that, you can even work as a freelancer initially and then start your business.
3. Tourism Industry
Though foreigners are not allowed to tour companies, but they can still cater to other services like starting hotels and B&Bs.
4. Real Estate
The country is very strict about land ownership and foreign-owned properties are quite unlikely to happen. So, how should you go about investing in real estate industry? You can thus offer realtor services to navigate legal obstacle of ownership of land. Also, if you want to make an investment in Thai property, but not own it, then there are many REITs in Thailand that can help you to meet your requirements.
5. Automobile
The automobile industry in Thailand is growing fast and big companies have started investing. Hence, there’s more need for foreigners, offering auto services including, repair and maintenance.
6. Technology
Everything from computer repair, big data to app development, all kinds of app development services are required. Besides, they are quite profitable too.
7. Mobile
Thailand’s mobile industry has started to picking up, particularly after the bandwidth auction to introduce 4G to every corner of the country. It is therefore expected that mobile apps, consulting companies, and development companies are going to be in high demand.
If you are looking to invest in Thailand, this could be the right time for you. Just make sure you are aware of the business setup laws. If not, we are there to take you through and assist you to incorporate your business in Thailand.
