Thinking about starting a new start-up in Thailand? Lovely! You will be glad to know how wise your decision is. Thailand has been consistently rated as one of the top destinations for foreigners to live. The friendly and welcoming attitude of the localites makes life easy. The ability to own a property, start a business or even to open a bank account is the key to survival.
Of all, Thailand is way more accessible to the expats than any other country. Transportation, medical facility, education to accommodations is easy to get by. Moreover, in the last few years, a lot of foreigners across the globe have permanently settled in Thailand. And it is because of the range of expats in the cities, you will find access to all that you want.
Besides, it’s affordable. Though you can end up blowing your savings in a few moments in the glitz and glamour of Bangkok, it’s equally as easy to live on a budget. Additionally, you will find a bevy of talent in Thailand. Be it a native speaker or a French-speaking professional, you will get them too.
In fact, the start-up culture scene is great; exploding as always. Tech networking events, venture capitalists and co-working spaces, they are popping up every day in Bangkok. Having said these, the complex legislation and legal regime in Thailand makes the foreigners throw up their hands. Having a legal advisor by your side will ease the process. Unclear paperwork processing can bog you down; you just tell your legal business advisor he will take care of the rest.
Also, if you are thinking of investing in Thailand, you must know that you have to get involved in complicated workaround and transfers that may not sense to you at the first time, but they are critical to the foreign investment policy. Similarly, when you are hiring an expat employee, for each of them you must provide jobs to at least four Thai employees.
I know it’s quite a lot for a beginner. But then once you get in touch with a professional who has a good know-how of the legal nitty-gritty of Thailand, then that’s it. You need not worry about anything else. So, for now, your lookout should be to find a reliable legal advisor. Well, you can consider as well. We won’t let you down! For us success is must, you see.
