Should You Invest in Thailand’s E-commerce Sector?

For that you must have a critical reading of the growth of ecommerce industry in Thailand over the years. Since investing in a foreign land certainly requires a handful of money and risk, one must always do necessary research to take a wise decision.

E-commerce Growth in Thailand over Ten Years

It was just about the year when Thai e-commerce shot up to 3.2 trillion baht. The Ministry of Digital Economy and Society said that e-Commerce in Thailand has witnessed the maximum growth in ASEAN with changing consumer behavior in 2018 while estimating that the value should shoot up to 3.2 trillion baht.

In fact, the internet users in Thailand has grown 4 times over the past few years and a lot of Thai International platforms have grown, supporting the number of online shoppers with the increasing confidence in online payment as well as faster logistics and delivery services.

Similarly, the service providers have turned to using Big Data in order to analyze customers’ needs and behavior. According to the trends the growth is expected to be continued with 5G arrival while innovation new things to better life’s quality for the consumers.

During the comparison of the number of internet users in the last ten years, in total there were 16.1 million internet users in 2008, and in 2017 it sprang up to 45.2 million users. It is likely that Thai e-commerce will develop further as statistically speaking the country has almost 124.8 million mobile subscribers, 52 million Facebook users, and 44 million LINE Messenger users today.

This has resulted in the e-Commerce market of Thailand that is growing well, which includes increasing numbers of buyers as well as sellers that is also in line with the platforms by Thai and international businesses.

So far considering the data above and more, it can be said that choosing to invest in eCommerce sector can be safe. Going by the numbers, a small retailer who expands into an online business can increase sales by an average of 51% a year.

If you have been planning to start your own, but perplexed what should that be, this could be the opportunity.

What Do You Need?

Apart from capital, to register your business in Thailand you will need these;

1. “Name of the designated company (3 proposed names);
2. Your confirmation of the address (in Thailand) for the registered address (Head Office);
3. Your business objective in detail;
4. Shareholders’ Matter;
   1. Copy of passport of 3 Promoters/Shareholders,
   2. Share allocation for each shareholder,
5. Directorship Matter;

1. 1. Name of Authorized director(s),
   2. Copy of passport for each Director,
   3. And in the case, if there is more than 1 director, please specify the signatory condition,

1. The number of foreigners that you initially intended for working for this entity;”