When you plan on investing and setting up a company in other places, Thailand is a famous place that comes out in mind to investors. Thailand has shown a remarkable economic growth for the past 6 years. It is noteworthy to know that Thailand ranks 4th as the top host economies in Asia. It has achieved a strong standing as the second home for the different multinational enterprises.
Location is a crucial point to consider when choosing a place for company formation in Thailand that is advantageous to the investor. There are many benefits of company formation in Thailand that entice more investors to do business in the country. Thailand has a strategic location in Asia which is key to every business establishment. The fast-growing economy offers a variety of businesses for entrepreneurs to choose from such as:
- Aerospace Industry
- Automotive Industry
- Alternative Energy
- Robotics and Automation
- Digital Economy
- Bio-plastics Business
- Electrical Industry
- Machinery Industry
- Food Industry
- Medical Hub
- Printing Industry
- Rubber Industry
- Textile Industry
- Smart Electronic
Because of the worldwide connections, there is a free flow of products as well as services, capital, investment, and skilled labour. Thailand will soon be the centre of the latest economic engine in the ASEAN.Thailand has a wide highway network and long roads that connect each region in the country. There are continuous construction and upgrade of more international roads which make it more accessible for foreign deliveries.
The rail systems in Thailand and its mass transit offer extensive railway lines to connect different regions in the country. There are already plans of building rapid trains and improved railways for better connectivity with the adjacent countries.
Thailand has a competitive income tax system for corporations which is the second lowest in rank in the countries of the ASEAN. This factor has led to more economic activities in Thailand that make it more competitive with other countries around the world.
The quality lifestyle in Thailand gives expats more value for their money. Its education offers the best there is in any other countries with many international schools that have overseas accreditation providing high-quality schooling. There is a variety of leisure options for people to enjoy and be entertained. The international standards of the health care system make Thailand one of the top medical destinations in Asia.
Doing business in Thailand is indeed a great opportunity for investors as it is one of the most popular countries in Asia that is known for its success in inviting more investors to establish businesses in the country.