At the recent ASEAN meet, the leaders of the member states of Southeast Asia as well their partner countries, including China, have signed into existence the ASEAN Economic Community. From here on, it’s an exciting time for Southeast Asia, including its most prominent contributor and member-state, Thailand.
What does the new Community mean for Thailand? more
Foreigners are absolutely welcome in Thailand. There are laws that are designed to make the country friendly to foreigners, especially those wanting to invest in the economy. There’s the Condominium Act that allows foreign nationals to purchase condo units. There are also free trade agreements that give nationals of certain countries perks when doing business in Thailand.
If you’re the sort who has friends who likes to do business, then chances are one of those contacts has had ideas of investing in Thailand. more
Thailand is considered to be one of the most promising industries that can contribute to the establishment of the ASEAN Economic Community (AEC) by the Association of Southeast Asian Nations, which is set to become reality by December 31 of this year.
First, however, let us take a good look at what the ASEAN Economic Community is all about and what its expressed purpose is. more
The basics of investing teach us the roots of how to become a successful entrepreneur, but learning the basics is not enough. You still have a long way to go when it comes to becoming an expert and earning from your investments.
Don’t misinterpret this, but mistakes are common in any endeavor, including investing. Mistakes can help us learn, but some mistakes are so severe that they are best avoided. more
It makes sense for a businessman like you to want to invest in real estate in Thailand. For instance, you might want to acquire land to develop into a commercial property for your offices, or to lease it to other businessmen so you can earn extra revenues for your company.
If you’re a local, then that’s not a problem. However, if you’re a foreigner, then you’ll have to take into consideration some aspects especially the legal side of the acquisition. Here are some of the things that you’ll have to bear in mind when investing, as a businessman, on real estate in Thailand. more
We have discussed in a previous article the concept of a tariff and what role it plays in terms of governance and state policy. We also found out that, when there is a Free Trade Agreement in force between two countries, like Australia and Thailand, tariffs are either lowered to a manageable percentage or eliminated totally. more
If you want to engage in international trade, one of the terms that you should take time to understand is the “tariff.” Companies who engage in supply and distribution are the ones that usually encounter the tariff, or what is alternatively called as ‘customs tax duty, but every entrepreneur would find it to his best interest to understand this concept. more
As mentioned in our previous article, the Association of Southeast Asian Nations, or ASEAN, is currently working on coming up ways to establish an “internal market” between its members. If this internal market comes to being, it comes with many advantages to be shared between the member nations of the association. more
Thailand is an investor-friendly country. The passing of the Foreign Business Act now makes it possible for international companies to set up their operations in Thai jurisdiction, and even receives incentives for investing into the local economy.
The Act does have restrictions, i.e. what sectors a foreign-owned company can compete with local companies and the rules on foreign ownership, especially against the practice of using nominee shareholders in order to establish a foreign-owned business in Thailand. more