There has simply never been a better time for company registration in Thailand as it has recently been announced that it has signed Letters of Intent which strengthened the nation’s ties with the European Union (EU). This means that Thailand and the EU will work together to improve the quality of Thailand’s tourism services while also promoting the internationalisation of small and medium sized enterprises(SMEs).
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A Growing Economy
No one can doubt the potential of the Thai economy which is the EU’s third biggest trading partner within the mighty ASEAN economy. The EU is also Thailand’s third most important trading partner after Japan and China so it is clear that company registration in Thailand could be your key to wealth and success. Trade between the EU and Thailand amounted to €32 billion in 2012, a figure that is certain to grow after this announcement.
The vice president of the European Commission, Antonio Tajani, visited Thailand to sign the Letters of Intent which was part of a ‘three missions for growth’ trip which also includes Vietnam and Myanmar. As Thailand is already one of the most advanced economies within ASEAN, an expansion of companies from Europe into the market will only lead to success for both sides.
World leading companies in the fields of transportation, energy and construction are the most sought after so if your business is involved in any of these sectors, consider applying for company registration in Thailand today. As things stand, Tajani’s vision includes 40 organisations from 15 different EU nations. The combined annual revenue of these companies is €96 billion and they hire 500,000 employees between them. If you want to become part of an expanding economy, contact Tila Legal today and we will help you go through the process of company registration in Thailand.
