Are you planning to setup a business in Thailand? Thailand offers numerous advantages when you decide setting up a business here. Based on the comparative analysis of advantages of doing business in Asia, Thailand offers cost-competitive location for prospective entrepreneurs alongside the better quality of life it offers for expatriates.
Doing a business in Thailand has many advantages most particularly on the easiness in terms of duration, procedures and associated costs compared to other places. Based on a recent study of the Board of Investment, Thailand offers competitive potentials for future entrepreneurs. Below are some of the highlighted advantages of doing business in Thailand.
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Easiness of application procedures and costs
As Thailand is reported as the 17th easiest place to do business in the entire world, doing a business in the country is a very smart decision. The easiness covers from the bureaucratic procedures to the application costs involved.
Another advantage is the reasonable corporate income taxes in Thailand which ranges from 30% to 10% depending on the profits.
Convenient regional transportation
Bangkok is considered to be the hub for transportation not just nationally but also throughout Southeast Asian region. The convenience will be more improved as more investments are prioritized for the improvement of transportation.
Affordable business cost
This covers the office rental space which is definitely affordable compared to other cities. The industrial electrical power and cost of water is also reasonable and is good for the business.
Thriving tourism industry
Thailand is definitely a haven for a lot of expatriates and tourists. The country is considered one of the most visited countries in the world. This is advantageous to business owners because of many potential international customers. If you are interested to know more information about company registration in Thailand, please feel free contact us.