Thailand is one of the best locations for living and setting up business. In Thailand, expats could also get access to modern conveniences, such as affordable and high-quality medical care.
Moreover, the country is an excellent place to start a business due to its strategic location in the Southeast Asia region. It also provides ease of doing business and well-connected transportation networks. This article guides you through how to live, work, and set up a business in Thailand.
Thai Culture and Language
Thai people are proud of their country’s heritage since it is the only Southeast Asian nation that was never colonized. Therefore, Thailand’s culture dates thousands of years ago. Generally, people in Thailand are gracious, polite, and respectful. The Wai greeting is one way Thai people show respect, particularly when greeting the elders. The Wai greeting comprised a slight bow with hands pressed together and lifted. It is customary to return the Wai when it is received.
The primary language spoken in the country is Thai. While many locals can speak English, foreigners intending to live in the country should make an effort to learn a few basic phrases to help them get around much easier.
Due to differences in culture, beliefs, and language, many foreigners may find it hard to adapt to the country. Hence, they should look into both the short and long-term aspects of living in Thailand before moving into the country. They need to prepare a plan on how to find a house, get a job, pay taxes, enrol in schools (if needed), get medical care, and access to utilities.
Young people in Thailand seem more interested in partying. But there are also many clubs and societies not associated with bars across the country, such as football clubs and golf societies. Some areas, such as Phuket and Bangkok, generally have more foreigners. Hence, making friends with both locals and foreigners are quite easy with the right effort.
How To Find And Get A Job In Thailand: Requirement For Foreigners
Although foreigners can find a job with their ability to speak English, the job may not be enough to cover their living expenses. Therefore, aside from mastering the English language, they need to have the following:
- Credentials: Degrees in STEM, which include science, technology, engineering, and mathematical fields, give foreigners the advantage. They can also find a job much easier with a business degree. Medical professionals cannot practise as doctors. However, they can conduct research. While legal professionals cannot join the bar, many law firms would hire them as a consultant.
- Nationality: Nationality matters when it comes to job hunting. Employees need to do a lot of work when hiring a foreigner and obtaining a work permit and visa.
- Cultural Adaptability: Foreigners who can adapt to a multicultural workplace have a higher chance of getting hired.
- Geographical Versatility: The courage to move to and settle in Thailand is critical. Hence, foreigners should state their travel experience in their resume.
- Working Experience in Thailand: Foreigners who have worked in the country in a certain position before having a better chance of landing the job.
- Working Visa and Permit: Working in the country with a tourist visa is illegal. Foreigners need to get the right work permit and visa.
- Health Certificate: Foreigners need to get a health certificate before they can apply for a work permit. They can get it at most clinics, private, and government hospitals in Thailand.
How To Start A Business in Thailand
Aside from working for a company, foreigners can choose to open or invest in a business in Thailand. However, they should be aware of the country’s various legal restrictions and ask for legal advice before starting a business in Thailand.
The following are a few vital steps to starting a business in Thailand:
- Choosing a business structure
- Checking out Thailand’s Foreign Business Act
- Learning about the benefits and incentives the Board of Investment offers
- Apply for visa and work permits
- Reserving a unique company name with the Department of Business Development
- Register the company with the office of the Business Registration
- Sort out the paid-up capital and set up a business bank account
- Pay taxes once the company commenced its operation
Getting Help From a Professional Business Services Provider in Thailand
Foreigners, especially start-ups, should get help from professional business services providers in Thailand to help them register their company the right way and avoid legal violations.