Expanding to Thailand – How the Pros do it

Expanding to Thailand – How the Pros do it

Thailand’s Foreign Business Act (FBA) has been criticized by foreign investors for 50 years already. It allows trade and services for foreigners and foreign-controlled companies only to a very limited extent. However, especially now in times of U.S.-China economic war and military turmoil in Europe, entering the market in Thailand, the hub of emerging Southeast Asia, is actually a “must do” for Western and even Chinese companies.

Promoting Investment in Thailand and Vietnam

China is becoming a less and less attractive destination for investors. Labor costs as well as the number of intellectual property risks to consider are high. Funding is limited and is granted dependent on province, district, or individual location in a very unclear manner. Foreign investors are often confronted by many bureaucratic obstacles as well as other disadvantages vis-a-vis domestic state enterprises.