Doing Business in Thailand: Dealing with Thai People

May 11 2012 Categories: Thailand Business, Understanding Thailand No comments yet

Should you be wary to do business with Thai people?

Not really because Thai people are honest. There are always exceptions of course but as a foreigner coming to do business in Thailand you have to be more wary of citizens from your own country than from Thais.

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Originally posted 2009-07-24 04:10:21.

Tony Blair Confident about Thailand Future

May 11 2012 Categories: Doing Business In Thailand, Thailand Business No comments yet

It is always nice when a personality such as Tony Blair confirms what I have been saying since years. Despites all the problems and crisis it has traversed during the past 3 years Tony Blair said he was confident about the future of Thailand  because  “Thailand has better investment potential than other countries in Asia and it’s ready for the future despite its current difficulties,”

This is why Thailand ranked so well to the 2011 World Bank Ease of Doing Business survey. We remind you that Thailand ranked 4th best country to invest in Asia and 17th best country to invest out of 183 countries surveyed.

Thailand is very resilient and in the context on the 2015 Asean Common Market (based on the European Community model) Thailand has a unique cart to play for which Thailand is readying itself.

Originally posted 2012-01-18 19:52:27.

Thailand BOI: Promoted Activities: Chemicals, Papers, Plastics

May 11 2012 Categories: Thailand BOI, Thailand Business No comments yet

What are the activities eligible for promotion under section 6 of the BOI list?

Reminder: As you already know the Board of Investment is the agency in charge of promoting certain sectors of Thai economy. As such the BOI role is among other to determine:

What are the activities which are eligible for promotion

What are the conditions attached to said promotion

What are the privileges attached to said business activity

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Originally posted 2009-08-05 15:11:55.

Doing Business In Thailand: The Nominees Issues (3)

May 11 2012 Categories: Thailand Business, Thailand Foreign Business Act No comments yet

 The Business Development Department just announced the creation of a special unit dedicated to check companies’ compliance to the Foreign Business Act. The purpose of the new agencies is to insure more efficiency in insuring compliance to the Foreign Business Act. What does it mean for foreign investors in Thailand?

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Originally posted 2009-12-06 09:49:32.

Doing Business inThailand: Understanding Thai Legal System

May 11 2012 Categories: Thailand Business, Understanding Thailand No comments yet

Is Thai Legal System Different?

If I had to qualify the Thai legal system, I would say that Thailand is a country ruled by Civil Law with a touch of Common Law. Civil law is one of the predominant system of law in the world. The other being common law, which is the legal system developed among Anglo-Saxons people.

The main difference between the two systems is that civil law is laid down from abstract rules and judges must apply those rules to the various cases before them. Read more…

Originally posted 2009-07-23 05:17:20.

Doing Business in Thailand: Local Corruption Barometer

May 11 2012 Categories: Doing Business In Thailand No comments yet

According to the Bangkok Post, Assumption University and the Public Sector Anti-Corruption Commission have jointly polled 2,129 people on the issue of corruption in Thai society.Hopefully, the entire results of this survey will be published soon, but some interesting elements of the survey have already been revealed by the Bangkok Post.

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Originally posted 2009-11-20 10:24:24.

Thailand’s Baa1 Moody rating Stable

May 11 2012 Categories: Doing Business In Thailand, Thailand Business No comments yet

The good news of the day for ThailandMoody’s released on the 16th April a statement confirming Thailand government bond at BAA1. Learn more about Thailand outlook by reading extract of Moody’s statement below:

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Originally posted 2012-04-16 16:12:52.

Starting a Business in Thailand (5): The Keys to Success

May 11 2012 Categories: Doing Business In Thailand, Thailand Business No comments yet

A reader told me the other day that my series of “starting business in Thailand” was a bit skeptical as if I was marked by doubt that it was possible to do business successfully in Thailand.

Not at all, Thailand is as good a place to do business as any other. What I’m trying to convey in this series of articles is that investors should not expect miracles because they will be confronted to 3 problems.

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Originally posted 2009-11-12 02:41:19.

Buying Property in Thailand: Beware of the First-Time Developers

May 11 2012 Categories: Doing Business In Thailand, Thailand Business, Thailand Property No comments yet

This post is an extract of the book “How to Safely Buy Real Estate in Thailand”. It can be purchase on Amazone or Itune.  From experience, we know that most problems occur when buyers purchase property “off plan[1]“. Whether or not the transaction has a favorable outcome will depend solely upon one single factor: Did the buyer purchase from a reliable developer or not? Truth be told, purchasing off plan is no more dangerous when purchasing offshore than in your home country, as long as you are purchasing from a reliable developer who operates in the country where you are purchasing.

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Investing in Thailand: Nominees Issue, the witch hunt?

May 4 2012 Categories: Doing Business In Thailand, Thailand Business, Thailand Foreign Business Act No comments yet

The hot potato of the moment is the Thai Nominees issue and there has not been one day for the past two weeks without an article or another in Thai press on the subject.

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Originally posted 2009-09-02 05:51:07.