New business registrations in Pattaya have significantly increased over recent years ; a fact which is reflected in the country’s unprecedented economic growth. Thailand’s growing economy and consequential increase in market demand has attracted many overseas investors who have identified an opportunity to optimize a return on their investment such that they can anticipate making greater profits than they would from making a similar investment in their own country.
Foreign investors are also attracted to doing business in Thailand for reasons such as strong government incentives and support given to new businesses. The Thai government also has policies specifically designed to promote the liberalization of business and free trade. Foreign investors benefit from Thailand’s modernization over recent decades which has resulted in the establishment of a solid economic infrastructure, including transport, banking, power and telecommunications. If you were visiting Bangkok for the first time, with its plethora of high-rise office, apartment buildings and hotels, you would be hard pressed to distinguish it from any other capital city in the world. What’s more, the transportation systems are very efficient, with many kilometers of elevated expressways [motor/freeways] which efficiently keep the road traffic from log jamming, and the “skytrain” which is ultra modern and very popular with commuters.
Last, but not least, Thailand is a beautiful country in which to live and work and, indeed, ultimately retire. It is widely referred to both as “the land of the smiling people” and “the land of the free”. Business overheads in respect both of the costs of leasing property or buying property and hiring skilled labour are significantly less than in the native countries of most overseas investors. Living in Pattaya and the cost of living like everywhere else depends on your lifestyle. In our view Thailand’s recent political instability has been largely overplayed by the media. Without a doubt, the tourist industry has suffered, but other businesses have been unaffected. Thailand is, of course, a monarchy and the King and his family are universally revered by his devoted subjects. This fact underpins the present and future political stability of this emerging economy which is strategically located at the hub of S.E. Asia.
Call our law office in Pattaya today to discuss your business needs in Pattaya, be it is business or bar in Naklua, Jomtien or Pattaya City. We are able to assist you at very reasonable rates!