Nice. But for that, you must have an open mindset and the flexibility to work with a Thai partner. Even though Thailand is a popular leisure destination for Singaporeans, this may not be the same for businesses. However, upon working with local partners you will be able to take the business forward with the help of their already established networks. So, the key here is to maintain a good rapport with them. One of the best ways of doing that is by understanding their culture and etiquette.
What are the businesses you can consider?
Well right now, anything. Thailand is brimming with business opportunities, from IT sector, food industry, to the manufacturing sector. In fact, the industry for e-commerce is equally good.
If you are looking to set-up a business in Thailand you will need these documents;
- Name of the designated company (please provide 3 names);
- Registered address (in Thailand) for your company (please provide a copy of the house registration);
- Company’s objective (please provide full detail of your business functions);
- Shareholders Information:
- Copy of passport of your 3 promoters/shareholder;
- Share allocation of each shareholder;
- Directorship Information:
- Name of the Authorized Director(s);
- Copy of passport for each Director;
- Signatory condition of the director(s)
- The number of foreigners (non-Thai) that you expected to have been working for this juristic entity.
Though it may seem that you can get through the business registration process easily that may not be the case. As the business laws in Thailand keep on changing, you need someone who will always be updated. Besides, a legal expert will help you to fast track the process. Also, if there’s any problem in between they will always be at your rescue.
