Thailand has been investing in the eastern economic corridor for over ten years. The amount of rail upgrades, extended lines, new highways, toll-ways, surface roads, port expansion, pier growth, and airport city development has been impressive.
With a new array of incentives, the Thailand Board of Investment (BOI) is laying out the welcome mat to increase their GDP through foreign business creation here in the Kingdom. The main GDP sectors are services, industry, agriculture, and, wholesale and retail trade.
Thailand’s immigration division of the national police ministry has rolled out accompanying BOI visa options for long-term stay in the Kingdom for business owners, operators, and foreign skilled professionals.
These developments, as you can imagine, have significantly increased the quantity of company formations in Bangkok. As far as I know, America is the only nation with access to something like the Treaty of Amity, which allows majority company ownership under Thai law. Property ownership, depending upon various factors, is possible in a Treaty of Amity company. Your personal real estate property here in the Kingdom is usually owned by a Thai company. Get a clear understanding of, and proper documentation origination for, a secured residence.
Tech services are the bulk of what Thailand exports, currently. That sector shows no sign of slowing as outsourcing entire administration, financial, human resources, research, customer service, insurance, and education departments is more commonplace with artificial intelligence (AI) options.
All those people, perhaps you are one of them, will be looking to change fields because AI will eliminate 300 million jobs globally from the sectors mentioned above. Transactional, transitory remote, or hybrid employment is what people have been dreaming of for a long time. The ability to work without leaving home or the beach. Start your company with all the advantages you can include.
Thailand speaks clearly through its Vias policy and enforces who they want living within their borders. The “cowboy days” of shilling beers and a room for a pound are over, you historians. Running to the border for another 90-day tourist or ED visa stamp has also ended.
Arrive on a tourist visa and spend the time focused on ground research in Rayong or Chonburi provinces. That is where the greatest incentives are being focused, the EEC. You can change to a Discover Thailand Visa (DTV) for 6 months here and extend it once, for an additional 6 months.
Within that year you can make a plan and implement it for becoming an expat and operating a business here. To do this in a single year is extremely optimistic. For those with a big bankroll, anything is possible in Thailand. Have an informative read on this website about Thailand immigration and BOI business set-up in the Kingdom. Reading the law is where you begin. Expect that everything in academia will change when applied to the reality of municipal government and business interaction, especially in Southeast Asia and looser regulated and enforced nations.