Located in south-east Asia and just 15 degrees north of the equator, Thailand, covering an area of nearly 514,000 sq. km (200,000 sq. miles), is almost equal in size to Spain. It is bordered by Myanmar (Burma), Cambodia, the Lao People's Democratic Republic (Laos) and Malaysia, and comprises almost 2,500 km of coastline on the Gulf of Thailand and the Andaman sea.
Thailand is the world’s 32nd largest economy and the second largest economy in the Association of Southeast Asian Nations (ASEAN), accounting for 17% of ASEAN Gross Domestic Product (GDP).
The UK is one of the leading European Union (EU) investors in Thailand with UK companies operating across the Thai economy. The rewards of doing business in Thailand can be considerable, but it takes time to develop the necessary business relationships. Thailand is home to over 50,000 British residents.
Benefits to UK businesses exporting to Thailand include a growing affluent middle class, well-developed infrastructure and the government’s pro-investment policies. Thailand is ranked in top 20% of countries listed in the World Bank’s ‘Ease of Doing Business Survey’, and is also a hub for accessing opportunities in Greater Mekong sub-region, including Laos, Cambodia, Burma and southern China.
About the guides
The main objective of this Doing Business in Thailand Guide is to provide you with basic knowledge about Thailand; an overview of its economy, business culture, potential opportunities and to identify the main issues associated with initial research, market entry, risk management and cultural and language issues.
We do not pretend to provide all the answers in the guide, but novice exporters in particular will find it a useful starting point.
This FREE guide is available in 4 formats:
Available on the iTunes App Store and Google play