(Newswire.net — May 11, 2020) —
If you are thinking of starting a business in Thailand or even expanding your business operations in this part of the world, then you should be aware of a variety of factors to help you make the right decisions for your organisation. Indeed, understanding the local business environment is essential for every start-up or entrepreneur that wants to undertake the process of starting a business. Furthermore, it is also important to understand which businesses are available for foreign investors while understanding the process of applying for a work permit and paying taxes is also imperative if you want to do business in Thailand. As a result, you should take the time to do some research so that your business can succeed while contacting a company providing advice about how to go about the process can be achieved if you contact the Thailand Board of Investment.
A. Choose the right business
One of the simplest things that you need to understand if you want to do business in Thailand is to determine whether the industry is restricted by the government. If you are looking for advice or assistance, then you should think about contacting a Boi Company in Thailand as they will be able to assist you throughout the process. It is also important to know about the ownership structure of every company as the majority of the stakeholders in any business must be Thai nationals.
B. Check the legislation
In addition, if you are looking to do business in Thailand, you should think about checking the legislation which prevents foreigners from conducting a number of activities. Indeed, certain activities are prohibited for foreign workers while you may need special government permission to work in certain industries.
C. Contact the Board of Investment
Furthermore, you should also be aware that if you are looking for assistance about how to do business in Thailand, then you should contact the Thailand Board of Investment as they will be able to provide you with the guidelines to which you need to adhere. It is also important that you understand the tax system as well as the rules pertaining to issuing work permits and visas for particular types of jobs.
D. Register a company
Lastly, you should also be aware that starting any type of business in Thailand will require you to register your company with the government. In addition, you may need to provide a considerable amount of documentation while you may have to receive approval for carrying out certain businesses in this particular country. This is especially pertinent as you have to understand the legislation that relates to foreign business operations while you will also need to know how to apply for a work permit for your staff so that they can work legally in the country.
- Choose the right business
- Check the legislation
- Contact the Board of Investment
- Register a company
Therefore, in conclusion, if you are looking to open a business in Thailand or even expand your existing operations, then you should think about choosing the right business as well as checking the current legislation while contacting the Board of Investment can also assist you to register a business while you can ensure you are in legal compliance at all times.