Entering Tourism Business Sector in Thailand

Thu, 11/11/2021 - 10:19 -- tilalegaladmin
For those who are interested to lead a business as a foreign investor in Thailand, it is better to find opportunities in the tourism sector. After all, this is the most profitable industry in the country.

Thailand is one of the most preferred tourist destinations that serve millions of visitors every year. The main reason behind the increasing popularity of this place is the rich cultural heritage and beautiful beaches. Tourists often find it more exciting to spend time with local people that help them enjoy a gastronomic experience. Therefore, as a foreign investor, you can also try to find opportunities in the field of the tourism business sector.

Company registration in Thailand must be performed as per set regulations and rules; especially when you are planning a completely foreign-made investment. Although the government is following liberal guidelines for foreign investments these days, still there are some specific guidelines that entrepreneurs need to follow for leading their business.

Here we have presented few important steps that you need to follow for setting up your travel agency in Thailand:

• Company formation
The limited company is a form of business that is commonly useful for those planning to start a travel agency. While incorporating such type of company, you need at least three founders along with shareholders. A foreign company is the one that is either not registered within Thailand or the one that has more than 50% of the foreign shareholding. You can get detailed guidelines on this through local legal service providers.

• Obtain license
In order to run your business as per regulated guidelines in the field, you need to give an application for obtaining a TAT license. This is necessary as instructed by government authorities in Thailand. The local agents and professionals can guide you throughout the submission process and it may take few days for approval. Therefore, it is better to start early to complete all formalities.

• Set up business space
When you are interested to run a tourism business, it is important to have a dedicated office space in the country. Although travel agencies also offer services online, still it is desired to maintain a physical address to ensure more traffic at your business platform. It is better to do a market analysis and identify the most approachable location for your company. It will help you receive a targeted audience at your business terminal.

• Start activities
There are so many competitors that are already serving a huge audience in the country. But when you want to settle as a foreign investor, you should offer more attractive travel packages to the company. Try to identify audience interests and create some mind-blowing offers to serve their needs. It may help you to offer peak adventure to travelers while ensuring more returns for your business.

Once you start following these guidelines, it will be easier to maintain a solid appeal in the competitive Thai market for your tourist agency. Make sure you follow all legal guidelines to complete the process and it will soon bring you great growth opportunities.

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