Reaching new markets is one strategy employed by some entrepreneurs to thrive in the current business environment. One of the best options to consider is to expand their business to emerging markets such as Thailand.
Thailand has well-developed infrastructures, a competitive local market, and a strategic location. In fact, it is a centrally located within the Greater Mekong Sub-region, making it a prime base of operations to reach further markets, such as Myanmar, Cambodia, and Laos [Thailand’s Logistics Market].
For businesses and entrepreneurs looking to expand a company in Thailand, read on this blog to learn more about why it is an ideal destination for businesses.
Reaching Markets by Establishing an Offshore Company in Thailand
Aside from being strategically located in a viable business location, Thailand boasts a robust and stable economy. This country offers a fast-growing consumer market and competitive production costs. In fact, there is an expected 12% increase in investment pledge this year [Business Times].
Now, business owners looking to establish an offshore company in Thailand must comply with the requirements. Some of these requirements are submitting 3 possible business names, file a memorandum of association, and registering the company with the Ministry of Commerce.
Once a company is established, any related company operations must be tackled as well. One of these is the administrative and business logistics of the company.
Offshore Business Solutions with Corporate Services
After establishing an offshore company, the administrative and business logistics should also be considered. This is to ensure that the business operates efficiently and can reach target markets faster.
Among the business solutions offered by corporate service providers are locating a prime business address, help hire the right receptionists, and co-working space construction solutions.
Locate an Accessible Business Address
Finding an ideal business address for a Thailand-based company is an important factor. It must be a location that is easily accessible for the employees, investors, clients and shareholders to visit.
Therefore, it would be ideal to consult corporate service providers when looking for a prime business location. Their familiarity with the area ensures that an accessible corporate address can be found.
Find Talented Receptionists
Receptionists are the often the first to meet clients and investors. That is why these individuals should be trained to express the highest form of professional conduct. They can talk about the characteristics of being a receptionist.
Co-Working Space Construction Solutions
Choosing the right workspace for the business is also an essential factor when establishing a company abroad. Among the most popular and in-demand office setup is the co-working spaces. It is a modern type of office setup which involves shared workspaces.
Now, some corporate service agencies offer business solutions for the company’s office space needs. They have an array of localised contacts who can help build an ideal office space for the business.
Seek Corporate Services for Business Logistics Solutions
Thailand has a strategic business location, competitive market, and growing economy. This prompts some businesses to set up in this country. After establishing the company, entrepreneurs must then focus on its administrative and business logistics.
This process is time-consuming and takes the business owners focus on other corporate matters. Thus, it is ideal to consult trusted corporate services agencies.
So, contact a reliable corporate service provider today for administrative and business logistics needs.
Opportunities in Thailand’s Logistics Market, economists-pick-research.hktdc.com
Thailand Expects 12% Rise in Investment Pledges this Year, businesstimes.com.sg
Why People Thrive in Co-working Spaces, hbr.org