Thailand
Business Expansion
made easy.

Why Thailand?

As Southeast Asia's second-largest economy, Thailand enjoys a strategic location and serves as a gateway into the heart of Asia. The country also offers convenient trade with Mainland China, India and the countries of the Association of Southeast Asian Nations (ASEAN), and easy access into the Greater Mekong sub-region, where newly emerging markets offer great business potential.

 

Thailand is highly engaged in international trade with exports accounting for about two-thirds of its GDP. Thailand’s main exports include electronics, agricultural commodities, automobiles/parts and processed foods. The industry and service sectors produce about 90% of GDP. The agricultural sector, comprised mostly of small-scale farms, contributes only 10% of GDP but employs about one-third of the labor force.

 Thailand has a mixed economic system in which there is a variety of private freedom, combined with centralised economic planning and government regulation. The government is actively accelerating its economy and welcoming foreign investment.

Reasons to do business in Thailand include:

  • ASEAN founding member
  • Central geographic location
  • Growing economy
  • World-class infrastructure
  • Business-friendly policies
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Doing Business in Thailand

Thailand has unique business and cultural considerations that shape a company’s experience in the country. To make business expansion easier, here is a list of important aspects about doing business in one of Southeast Asia's most dynamic economies:

  • Tax obligations
  • Government support and incentives
  • Visa policies
  • Business registration guidelines
  • Thai provident fund
  • Employment considerations
  • Business etiquette

Planning to set up or further expand in Thailand? Download our Thailand business expansion guide to learn more.

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How Tricor can help in Thailand

Tricor Outsourcing (Thailand) Limited and Tricor Executive Recruitment Limited (collectively Tricor Thailand) are based in Bangkok, Thailand. Tricor Thailand is a subsidiary of the Tricor Group, set up in 2005 specialising in business services, corporate services and executive recruitment. Tricor Thailand also provides Executive Search Services, Professional Recruitment, Organisation & Individual Development, Executive Coaching, Outplacement and HR Consulting.

Tricor is well positioned to unlock the potential of your business in Thailand and across Asia, and help your company stay one step ahead of today’s diverse and fast evolving regulatory environment.

Tricor Group operates across a network of offices in 47 cities across 21 countries / territories.

We serve over 30,000 clients including ~1,800 companies publicly listed in Asia, over 40% of the Fortune Global 500 companies, as well as a significant share of multinationals and private enterprises operating across international markets.

As the leading business expansion specialist in Asia, Tricor provides the building blocks for, and catalyses every stage of your business growth.

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