Thailand has shown a comprehensive economic recovery over the last 15 years and today is considered a major financial center. Businesses such as tourism are strong and that equates to good overall sales in the markets, shopping centers and restaurants. The buying power of the Baht is stronger than ever and this has caused many investors and entrepreneurs to take a hard look at setting up an offshore office here.
Several large pharmaceutical companies have moved into the area and are now doing medical research and development and this has provided good jobs to the locals. Oil and gas developers are also working in the area, as well as big names in real estate developing. When big brand names go to the expense of setting up an offshore office or factory in a region, it usually signals that the country has a stable economy. This can be good news for business owners in other countries who are ready to expand. Before laying out thousands of dollars though, it's important to do your own research to ensure that you're ready for expansion and all it entails.
Tips for Success
If you're still not sure, then hire consultants to help you do some research into your business sector. Try to make sure that there are sufficient profits to sustain a business like yours. Try to formulate a good exit strategy as well, so that if things don't go as planned, you'll be able to sell your assets and recoup some of your losses.
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