The basics of investing have always dictated that you conduct due diligence beforehand to determine whether an opportunity or a group of opportunities that you’re looking at are indeed ideal for your investment.
Well, in terms of economies, you can find that the Kingdom of Thailand is poised to become one of the best vehicles for your investment in the years to come. That’s why it’s highly recommended that you look for an ideal entry point for your investment in the Thai economy as early as now.
When you do that, you’ll be positioning yourself in a spot where you’ll be able to take advantage of an upcoming surge in opportunities in Thailand, and in the Southeast Asian region in general.
Last December, the ASEAN member states and some of their partners in the region as well as the United States have signed into being the ASEAN Economic Community. The AEC has long since been in the making, and the benefits of such an integrated economic trading zone have long been a subject of discussion in business and economic circles.
With the AEC officially signed, it will only be a matter of time before the points that the member states and partners have agreed upon in the past start to take into effect. When they do, various opportunities will rise. If you enter the Thai economy with a sizable event as early as now, you’ll be one of those that can take advantage of these business opportunities.
To recap what has been discussed in a previous article, the following are the expected results of the signing of the AEC for Thailand, and its fellow ASEAN member-states:
• A surge in the exchange of foreign labor
• The opening up of various markets to foreign investors in and out of the ASEAN region.
• The influx of foreign businessmen into the country looking to advantage of the AEC’s zero-tariff and standard trading practices to be implemented across the region.
Now that you understand how advantageous it is to identify an entry point for investing in Thailand’s economy, you should then look at the opportunities that are available to you!
Here are some of the ways that you can make an investment in Thailand to take advantage of the AEC’s upcoming opportunities:
• Buy or lease a condo, and have it rented out
Most foreign businessmen will want to acquire a condo unit. Some of them may find all the condo units sold out already, and would want to lease one. You can put your own unit up for lease, or you can negotiate a sub-leasing clause to your leasing agreement with a Thai local to allow you to lease it to another foreigner.
• Partner with a local Thai and start a service business
Foreign expats and businessmen have specific needs. You know your countrymen best, so you could partner up with a local Thai and start a small service company that can serve those unique needs.
Doing business in Thailand as a foreigner is a good decision. Just make sure to contact a legal advisor to assist you in the legal aspects of what you are trying to do.
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