Bangkok and Thailand in general offer relatively good potential for business whether joint ventures or your own business in the City of Angels. Naturally local rules apply and we do not recommend considering Bangkok unless you are familiar and have spent some time in the city.
Bangkok provides an amazing life style, it does get hot and it does rain a lot during the raining season, but a vast number of opportunities, highly qualified labour force and readily available high quality offices at sensible rent combine to make Bangkok a choice for many.
Thailand’s leading role in the ASEAN community also marks itself as a strong plus and much cheaper than other Asian cities.
CULTURE – Probably the largest challenge is Thai culture. Whilst wonderful and highly respectful, it is a major obstacle to modern business with an ingrained hierarchy and traditions. Before you consider Bangkok as your place of business travel here and spend time understanding these amazing people, their culture and their traditions.
A majority of Thais are pleased to see their country and Bangkok in particular become a modern business hub, however there remains a deep believe that what they doe is the way and your ideas do not fit their traditions. When you hear “That will not work in Bangkok” then you probably have an opportunity for an excellent business!
Banking, Insurance and Manufacturing are now highly structured businesses employing 1,000s of people around the country and there and many massive Thai conglomerates.
Thailand now respects the potential from Entrepreneurism and SME’s and Government support is on its way.
Bangkok remains the center, though major cities around the country also offer vast opportunities with International companies now actively investing in Thailand.