Tag: business

The number of registrations of new businesses has risen significantly over recent years as an increasing number of overseas investors have been exploring and exploiting business opportunities in Thailand. The country’s economy enjoyed healthy growth until the recent global “downtown”, but Pattaya, along with most of the rest of the world, is presently experiencing a slowing down in the pace of economic activity.

This fact alone should not, however, deter a shrewd investor. It is now an established part of conventional wisdom that business and investment opportunities may be even more attractive in the long run, if the investment is made at a time when the economy is “cooling”. As always in business, whether you are an established business person, or a budding entrepreneur, it is a case of identifying the right opportunity  in Pattaya and then working hard to bring your plans to fruition. We commend you to consider choosing and establishing the right business structure, which most appropriately suits your needs, as being analogous to laying down the foundations of a new house.

This is where we hope that you will appreciate the value of our knowledge and expertise. By working in close association with our in-house Thai lawyers we can not only advise you with regards to setting up your business;will suit still we can also assist you in implementing your plans. You will further benefit from our practical advice concerning the “dos” and “don’ts” of doing business in Pattaya and hence, avoid making costly mistakes by identifying and circumnavigating any foreseeable obstacles  which your business may face in the future.

Doing business in Pattaya remains potentially very profitable and is relatively straightforward if you receive the right advice from the beginning. This is where we come in; we can assist in guiding you in a practical and down to earth manner through the otherwise quiet difficult red tape. Let our expertise give clarity to your vision.

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!