Starting a business in Thailand is not as hard as you would think since the country is very capitalistic and extremely receptive to foreign businesses. And with a nation of spenders on the heels of China’s explosive growth, Thailand is on the receiving end of an exploding middle class with cash to spend.
Thailand has a lot of potential for a successful business if you:
- Have a strong idea and business plan.
- Have ample supply of funds to start your business.
- Willingness to understand Thai culture, mentality and be open minded with a huge dose of patience.
- Have a Thai partner that you can trust (business must have a Thai owner of 51%).