Sanet Blog
Market Strategy for India: WB’s Expertise in the Indian Market
As India emerges as a key player in the global economy, businesses worldwide are recognizing its potential as a top investment destination. For a seamless and effective expansion into India, choosing the right partner with extensive experience is crucial.
For companies considering expansion into the Indian market, our long-standing partner, the Dr. Wamser + Batra Group (WB), offers unparalleled expertise and support. Established in 2003, WB offers a comprehensive range of services, including market entry, sales development and optimisation, procurement and production, recruitment, crisis and interim management. WB also provides tax and auditing services. To date, WB has successfully assisted around 750 German and European clients. With a proven track record, WB is a reliable partner both in Europe and locally, supporting companies in every phase of their operations.
Seminar “Establish a Legal Presence in Thailand”
We are pleased to invite you to a seminar hosted in cooperation with the Eastern Seaboard Stammtisch on September 13, 2024 at 5 p.m. at The Gems Mining Pool Villas in Chonburi.
Sanet COO Fabian Sonntagbauer, LL.M. will present a legal overview tailored for investors interested in entering and expanding in the Thai market. He will cover essential provisions and share practical solutions for Thailand’s business environment.
The New Destination Thailand Visa: A 5-years Visa with a Doctor’s Appointment
The new destination Thailand visa, specifically tailored for “digital nomads” – people who work from anywhere – allows for a long-term stay to work and travel in Thailand. Interestingly, this visa is also suitable for those who wish to participate in certain activities or medical treatments in the Kingdom.
Export From Thailand: Free Trade Hub for the Whole of Asia
Once a company has decided to produce in Thailand, it will generally never regret this. Alongside a good infrastructure, tax incentives, a skilled and affordable workforce and a modern, industrial environment, it is particularly the export from Thailand without customs barriers to large parts of Asia that makes the country so popular as a production location. Thailand is part of an economic union or Free Trade Agreement with over 17 countries, including Japan, China, South Korea, India and the 10 “Little Tigers” of the Asean states.
The Sanet Group in Bangkok offers investors and exporters multilingual seminars in which they provide detailed information on the requirements for such a Certificate of Origin, as well as the procedures and their validity.
Here are the main features of the procedure and the “Local Content” as a prerequisite for a Certificate of Origin.
BOI Thailand – Incentives and Procedure
A Production in Thailand is massively promoted by the Thailand Board of Investment (BOI). The financial incentives are high, yet the ISO-regulated procedure for a BOI Approval requires good knowledge of the BOI Thailand’s expectations towards the investor and a thorough application process.
The Sanet Group, which has been a reliable partner for Western companies since 2004 when it comes to finding a strategy and setting up sales or production in Thailand, explains the main features:
THAI RECRUITMENT AGENCY – CREATING CAREERS AMONG THE TOP 10
CREATING CAREERS, a subsidiary of the German/Austrian Sanet Group, is one of the top 10 headhunters and executive search firms in Thailand that have specialized in this way and are licensed by the Thai Labor Department.
Thailand’s New Plan: Taxes on World Income?
It was only at the end of last year that the current interpretation was announced, according to which foreign income imported into Thailand must be taxed in Thailand. Now the government is announcing the next bombshell: Tax residents are to pay tax on their entire global income in Thailand.
New Boost for Investment in Thailand: Relaxation of Real Estate Law Planned!
The Thai Ministry of the Interior has been commissioned to examine the implementation of new regulations. In addition to an extension of rental and leasehold rights from 30 to 99 years, majority foreign ownership of up to 75% of residential properties is also intended to be possible in the future. The aim of the regulations is to boost Thailand’s economy and to create more opportunities to encourage investment in Thailand.
Eco-Friendly Investments: BOI’s Framework for Energy and Environmental Sustainability
Thailand Board of Investment (BOI) has introduced new guidelines to promote sustainable development. Effective April 30th, 2024, the guidelines encourage businesses to adopt energy-saving practices, renewable energy, and pollution reduction measures. In return, companies can receive significant tax and customs incentives. This initiative positions Thailand as a prime destination for eco-conscious investors, aligning economic growth with environmental responsibility.
Investment in Thailand: How to Prepare a Project
It is not every year that a company plans foreign investments, and the best “blueprints” cannot be adopted for a new project without risk. Planning the organization of a project carefully is decisive not only for the smooth running of the project. A lack of preparation inevitably leads to expensive, subsequent adjustments and delays in the start of your production in Thailand and thus the return on investment.
The Sanet Group in Bangkok has been supporting foreign investments in Thailand for around 20 years, not seldom from the initial workshop and strategy finding to the start of production.
Thereby, it has proven itself time and again that the management pays full attention to the following planning principles:
• Proactive communication of the project with stakeholders
• The proper composition of the project team
• Agreed project and reporting rules
• Selecting and involving of external support
Our expert opinion deals with these key criteria.
What Does Recruitment Cost in Thailand?
When evaluating the impact of a poor personnel decision, it is essential to consider the potential financial consequences. In this scenario, we will explore the costs associated with hiring an unsuitable candidate who initially appears to be a good fit for the position.
Sanet CREATING CAREERS is the professional Thai recruitment agency for qualified recruitment and headhunting in Thailand.
Case study: Legalization of distribution in Thailand
In order to establish itself in the Thai market, a European machine manufacturer decides to set up a representative office. Due to the sales success in the market, the competition soon becomes aware of the sales structure. The challenge is to find a legal structure for the successful but illegal sales activities.