Thailand is situated in the heart of Southeast Asia’s Indochinese Peninsula, with a population of approximately 66 million. Bangkok is the capital and most highly populated city in Thailand, making it one of the most eligible places to invest, owing to its abundant business opportunities. Here are the top five businesses you could consider, if you are looking to invest in this country.
The exotic beaches surrounded by lush greenery and breath-taking views make Thailand one of the world’s most popular holiday destinations. The warm and hospitable nature of the Thai people make them the ideal people to work at a resort/attend to tourists. Moreover, owing to Thailand’s flourishing hospitality industry, such well-trained staff would be readily available. Therefore, opening a resort would be one of the most lucrative business opportunity which you could invest in. Although, a massive investment must be made in order to start such a project, the profits which follow would be worth the investment and effort put into this business.
2. Real estate
One of the prime businesses in Thailand is the real estate sector. There are several foreigners who are looking to invest in properties in Thailand, especially in Bangkok since it is the capital. Bangkok condo rentals have been on the rise since people wish to invest in properties which can be sold at a higher price in the market, after some time. Moreover, people prefer condominiums as they are convenient to live in and are safer compared to normal houses. Therefore, initiating a real estate business would be ideal in a city like Bangkok where the buying and selling of properties is quite popular.
3. Rent a car company
There are a large number of people who visit Thailand for both holiday and business purposes. However, these people find travelling to be quite difficult, although there are taxies readily available. Therefore, it is essential that there are rent a car companies which can rent out the customer’s preferred car. Since, there aren’t many such companies available currently, this would be an ideal opportunity to invest in. An added advantage would be that it is not too difficult to purchase second hand cars in Thailand, thereby saving you the money on investing in brand new cars. Thus making this the perfect business investment.
4. Online renting company
This form of business would require you to set up a website which is affiliated with certain companies and businesses involved in the renting trade. This way you could market their product online providing them with clients from whose payment you would receive a certain percentage of commission. This website would be helpful for both locals and foreigners who are looking to rent either cars, houses, rooms, apartments, furniture and other miscellaneous items. For example: you could put up advertisements such as ‘property Bangkok for rent’ and target people looking to invest in properties in the capital of Thailand. Similarly, you could advertise for cars and other rental opportunities.
Due to the large number of tourists and local working population, the requirement for restaurants are never ending. Therefore this would be an ideal business to start in Thailand, where you could either cater to the local crowd or start a venture serving different cuisines from around the world to suit the needs of the tourists. Starting a business in Thailand is not as hard as if may appear. However, if you are foreign to the local crowd and their work ethics then you may need the guidance and assistance of someone from the locality. This would make things much easier for you in this country.