A picture of a beach should have been the main image for this article right? I mean, that’s the dream isn’t it. Leaving behind a boring life in your home country to find heaven in the self proclaimed “Land of Smiles”. I don’t know what your definition of heaven is but for most level headed people Thailand is not it.
Now don’t get me wrong. I love living here. But as with all things and places in life there is both good and bad. So before you sell up your assets in your home country and decide to invest in Thailand, you need to know what could potentially lie ahead.
The bad side of Thai business
Let’s get the bad out of the way first shall we. Thailand is infamous for scams and corruption. It’s a sad fact that money can buy almost anything here in Thailand and there are so many people in positions of great power and responsibility who should use their power to serve the people but instead do all they can to either oppress anyone who disagrees with their agenda or for their own personal gain. Corruption is rife and it naturally infiltrates and finds it’s way into Thai business.
My experience has taught me that you should not be bold and brash with your money. Do not start personal friendships with the police or anyone in positions of power from within the Government. It is very hard to trust anyone in life and especially in South East Asia.
The street vendor and the cop
I knew a street vendor once from neighbouring Burma. Every single night from like the scene in Batman Begins, a fat cop would pull up on his motorcycle, get some free rotti’s and take some small cash from the vendor for good measure. That was the price the street vendor paid for being an illegal working and running a business here. The cop knows there is no point to deport him if I can gain something from it.
The high end hotel owner
I knew a very high end business owner who was worth billions of Baht. His life was made. He had the world at his oyster. He wined and dined with the elite of Thailand and when I say elite I am talking go right to the top. But he made a mistake, he got too big and too powerful. There was a line of corrupt officials queuing up to get as much money from him as possible. It wasn’t his bank balance and wealth that ultimately destroyed him but something tied to his money and power. He thought with his new found stardom and wealth he was invincible. In the end he went a little too far and insulted the wrong person and was deported with a warning to never come back. Sell up, but never set foot here again. He was one of the lucky ones.
Immigration and it’s woes
The biggest complaint I get from my Western and non-Thai Asian friends is all the hassle they get from Thai immigration rules and regulations. The same grievances can be felt across all types of people visiting Thailand whether here for business or a holiday. My guests in my hotel have told me many bad stories of dealing with immigration officials. They are constantly changing laws and regulations. It’s like they have the mindset of wanting to hurt the country and hurt the economy. The fact is that no matter what shape the tourist industry is in, these Government officials that make silly rules and regulations still get their pay cheque at the end of the day. It doesn’t hurt them or their family.
Staff and work environment
It’s hard to find good staff in Thailand because all the best staff have been snapped up and are treated as assets which they rightly are. You will find many organisations are constantly hiring and firing or in general, staff don’t get on with their work colleagues or management and decide to quit and find another job. You will see so many new faces come and go in your local coffee shop, restaurant, hotel, office etc.
The good side of doing business in Thailand
Thailand is growing in terms of infrastructure and becoming a more modern business hub. In general, every day Thai people are friendly and fun to be around. If you treat people how you wish to be treated yourself then you will be well liked as a boss and as a friend which is important to build a strong and successful business here in Thailand.
To be honest though, I can’t find a good reason to actually do business in Thailand other than the fact it’s a nice country to live in. So I think the good and strong points of doing business in Thailand are directly related to your main reasons for wanting to live here. Some of those reasons may be listed below.
Some of the reasons we choose Thailand to live and work
- Nice weather
- Amazing local food
- Friendly people (generally)
- Generally peaceful environment
- Beaches, mountains, rivers, city – Thailand has everything
- Low cost of living – Bangkok more and more expensive these days
- In close proximity to other South East Asian countries for cheap holidays (Laos, Cambodia, Vietnam, etc)
- Amazing festivals all year round
- Lot’s of public holidays
On this page you can find a directory of useful resources and companies who can help you when starting a business in Thailand. We have included services all businesses need
GET A BUSINESS WEBSITE
PATTAYA MEDIA are an established Pattaya website design company will a strong desire to make your online business a success. We make sure we understand your business objectives and focus solely on increasing sales and building your brand online with increased web traffic and more web page hits by your target customers. It doesn’t matter where your business is located as PATTAYA MEDIA can service you and bring a great return of investment for your company with the right website for your important brand.
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LAWYERS & LEGAL FIRMS
Company: Panwa Group of Companies
Panwa Group, founded in year 2000, is accounting, auditing and tax-business advisory firm based in Bangkok and Phuket. Founder and managing director is Mr. Prasert Poothong, a certified public accountant (C.P.A. Thailand) with over 19 years experience at management level. We serve small to medium size local and international companies in various businesses around Thailand.
At present, we are providing auditing service to more than 120 companies, and accounting and taxation services to more than 80 companies all over Thailand. Many of these business have foreign, non-Thai partnerships.
As experienced Thai accountants and auditors we understand the complexity and changes of Thai law and regulation. We are also constantly updating ourselves to be able to provide our clients up to date information and the best services for the success of their businesses. Whenever necessary we inform our clients of news and changes and updates related to their business and taxation matters.
Company: Interactive Associates
Interactive Associates is a group of international advisors working with licensed Thai lawyers and accountants to provide top-level business services for foreigners. We employ over 60 people in our Thailand offices through 3 office locations. We assist a large number of international clients to seamlessly navigate through the complexities of Thai legal and business matters.
The backbone of our business consists of highly Experienced lawyers and accountants, who are committed to providing premium quality products and exceptional service. Our mission is to create a personal environment, where each client of Interactive Associates receives Professional, knowledgeable, consistent and dependable advice. Ultimately, we strive to help our clients achieve peace of mind by taking over their legal or business burden.
TILA LEGAL is comprised of English speaking lawyers and is an eclectic mix of Thai national and international individuals. This organization has vast experience when it comes to dealing with the expat community and has helped thousand of companies from Australia, United Kingdom, United States and other nations to complete their company / business registration in Thailand efficiently and easily. TILA LEGAL enables international companies to fulfill their dream of being part of a rapidly growing economy. In terms of Purchasing Power Parity (PPP), a measurement of living standards, Thailand is one of the top 25 nations in the world, ahead of European countries such as Sweden and Switzerland. Thailand experienced Gross Domestic Product growth of almost 8 in 2010, making it the fastest growing economy in South East
Company: Siam Legal International
Our Thailand lawyers provide you with a wealth of experience from years of government and private sector experience. We are especially proud of our partners’ vast experience in Thailand legal matters, international law and law enforcement. Our licensed Thai lawyers have valuable knowledge in dealing with government agencies in Thailand, and this experience is of great importance when dealing with Thai legal cases and investigative service. Our vast network of law offices in Bangkok, Phuket, Pattaya, Chiang Mai, Samui and Hua Hin offers our clients ease of ability to communicate with our Thai Lawyers in most cities in Thailand. If you need a lawyer in Thailand we invite you to visit one of our many law offices in Thailand for a consultation for any of your legal needs.
Company: Juslaws & Consult Co., Ltd
Juslaws & Consult are committed to our client’s success and therefore, every task we undertake is geared towards this achievement. For this reason, we provide our clients with effective and prompt responses to their primary legal concerns and we create a well-rounded team to work on their behalf.
Our client service standards affirm our commitment to prioritize the needs of our clients and to ensure excellence in all that we do. We also maintain complete confidentiality in all records and remarks pertaining to the client’s matters. We strictly uphold the Attorney-Client relationship.