Smile land, Thailand is a beautiful country, historic treasures and hospitable people. Incredible natural beauty, world-class cuisine, tropical climate, and relaxed lifestyle are some of the key reasons for launching a new business in Thailand. Starting your own business in Thailand is the best way to enjoy your beloved lifestyle and live comfortably in the Kingdom. Thailand is the second largest economy in the ASEAN of 10 nationalities. The nation is rich in natural resources such as wood, rice and gems. Textile, jewelry, tourism and electronics are also larger, which increase the nation's GDP. Getting started in this country is not a simple procedure. In order to be successful in this country, a number of important issues need to be considered.
How to start a business in Thailand:
Foreign Trade Act (FBA), Thai Government restricts business categories of foreigners. (Except for United States nationals who have the same rules as Thailand's nationals – may sign a Thai Association Agreement). Aliens are limited to certain business categories, unless they are licensed.
The most common way to initiate a new business in the country is to associate with a Thai citizen. Labor, immigration and foreign investment laws are quite complicated in Thailand, so a stranger or stranger can not participate in day-to-day business and requires a Thai national partner to operate the front. We may also think that we are opening a limited liability company in Thailand, but remember that the Thai government restricts foreign investment in industries such as banking, transport and communications. All corporate documents must be submitted in Thai and may require technical assistance. Foreign shareholders can only get 49% and 51% of the Thai shareholder.
Benefits of Starting a New Business in Thailand:
is the most attractive investment destination in the region. The Thai government offers many incentives to foreign investors. Incentives include tax exemptions and other generous concessions, landowners' licenses and import duty exemptions. However, foreigners do not allow land ownership.
Foreign Business Act is the main governing body outlining the type and category of businesses open to foreigners. It also lays down laws, rules and restrictions on certain sectors such as insurance, real estate and financial institutions. To have your business succeed in this country, you must know the country's foreign trade law, legal order, and tax laws.
Unlike other countries where 38 days start business, On average 33 days to start business. Manpower and construction here are very favorable compared to other nations. The large, adaptable and intelligent workforce increases business success and success success. This regional trade and processing center has created an attractive place for businesses.
Source by Jeff Molenda