Popular Post webfact Posted August 25, 2020 Popular Post Share Posted August 25, 2020 Thailand named best country to start business for second year running By THE NATION Thailand was named the best country to start a business for a second year by US News, Wuttikrai Leeveeraphan, director-general of the Commerce Ministry’s Business Development Department, said on Tuesday (August 25). “US News & World Report recently released the names of best countries to start a business and Thailand topped the list for a second year running,” he said. According to US News, the ranking draws from results of a global perceptions-based survey and ranks countries based on scores from nearly 6,000 business decision-makers in a compilation of five attributes: affordability, bureaucracy, low manufacturing costs, connecting with the rest of the world and easy access to capital. “Starting a business in Thailand takes six days and five procedures, according to the World Bank. In 2019, Thailand made starting a business cheaper by introducing fixed registration fees,” US News said in its website. Following Thailand are Malaysia, China, Singapore, India and the Philippines. The list can be viewed at www.usnews.com/news/best-countries/best-start-a-business. Separately, the World Bank’s 2020 Doing Business list ranked Thailand 21st for overall business practices and 47th for starting business. The five procedures for starting a business in Thailand include: reserving a company name, putting capital in a bank, registering for new company, registering for value added tax and submitting employee registration. Source: https://www.nationthailand.com/news/30393493 -- © Copyright The Nation Thailand 2020-08-25 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates 26 Link to comment Share on other sites More sharing options...
Popular Post timendres Posted August 25, 2020 Popular Post Share Posted August 25, 2020 I suggest that US News attempt to start a small business in Thailand. Then run it for one year. 29 4 23 Link to comment Share on other sites More sharing options...
Popular Post PatOngo Posted August 25, 2020 Popular Post Share Posted August 25, 2020 10 minutes ago, webfact said: “US News & World Report recently released the names of best countries to start a business and Thailand topped the list for a second year running,” he said. I knew beer bars were a smart growth industry! ???? 1 3 Link to comment Share on other sites More sharing options...
Popular Post JusticeGB Posted August 25, 2020 Popular Post Share Posted August 25, 2020 (edited) 16 minutes ago, webfact said: five attributes: affordability, bureaucracy, low manufacturing costs, connecting with the rest of the world and easy access to capital. Well that survey is certainly very accurate now considering that "connecting to the rest of the world and easy access to Bangkok is non existent now". Maybe the director general of the Commerce Ministry Department is unaware of this fact. Edited August 25, 2020 by JusticeGB Added to the quote 5 1 7 Link to comment Share on other sites More sharing options...
Popular Post Scot123 Posted August 25, 2020 Popular Post Share Posted August 25, 2020 (edited) This is just so bizarre. First thing that jumps out is the 51% Thai owned part unless that's changed then not being able to own land, building etc, then immigration, police or military funds to pay into and then let's not forget if you become successful and some connected person decides they wont your business. This is just crazy. Keep a low profile especially if your rich because you never know who is jealous and watching you and the last thing you want is to end up like the Duch guy. Edited August 25, 2020 by Scot123 Duck duch 32 1 4 Link to comment Share on other sites More sharing options...
Popular Post DrTuner Posted August 25, 2020 Popular Post Share Posted August 25, 2020 Yeah sure, if you're a Sino-Thai with a rich daddy. 9 2 1 Link to comment Share on other sites More sharing options...
Popular Post kotsak Posted August 25, 2020 Popular Post Share Posted August 25, 2020 The US-Thai Amity Treaty gives benefits to US citizens who want to establish business in Thailand. 1 1 1 Link to comment Share on other sites More sharing options...
DrTuner Posted August 25, 2020 Share Posted August 25, 2020 31 minutes ago, kotsak said: The US-Thai Amity Treaty gives benefits to US citizens who want to establish business in Thailand. In the current political climate, I wonder how long that treaty will survive. 2 Link to comment Share on other sites More sharing options...
Popular Post realfunster Posted August 25, 2020 Popular Post Share Posted August 25, 2020 2 hours ago, webfact said: Separately, the World Bank’s 2020 Doing Business list ranked Thailand 21st for overall business practices and 47th for starting business. I see. 8 Link to comment Share on other sites More sharing options...
Popular Post Misterwhisper Posted August 25, 2020 Popular Post Share Posted August 25, 2020 Thailand probably also is the best country to lose a business without much hassle, i.e. when your obligatory local 51% majority share holder kicks you out unceremoniously as soon as the company begins turning a stable profit. 19 Link to comment Share on other sites More sharing options...
Popular Post mr mr Posted August 25, 2020 Popular Post Share Posted August 25, 2020 i feel like such a loser in the land of the best. 1 11 Link to comment Share on other sites More sharing options...
Popular Post Susco Posted August 25, 2020 Popular Post Share Posted August 25, 2020 4 hours ago, webfact said: “Starting a business in Thailand takes six days and five procedures, according to the World Bank. In 2019, Thailand made starting a business cheaper by introducing fixed registration fees,” US News said in its website. Another statistic made by someone in an armchair thousands of miles away, who probably doesn't even know the difference between Thailand and Taiwan. 7 2 Link to comment Share on other sites More sharing options...
Popular Post Yinn Posted August 25, 2020 Popular Post Share Posted August 25, 2020 Number one again! Number 1 tourism. https://www.forbes.com/sites/alexandratalty/2019/09/04/bangkok-is-the-most-visited-city-in-the-world-again/#280bc5eb5f1b Number 1 covid control. https://www.thailand-business-news.com/health/80125-thailand-ranks-first-in-the-global-covid-19-recovery-index.html thaibashers hate this news. 55555555 Yinn POTY (Most vote ever, fastest ever) Why Thailand number one again? And again? Hmmmmm Across the world, Thailand boasts the greatest percentage of women in senior management (45%) Link https://www.thailand-business-news.com/news/top-stories/29585-thailand-has-most-women-in-top-management.html The best! 1 1 14 Link to comment Share on other sites More sharing options...
Donutz Posted August 25, 2020 Share Posted August 25, 2020 3 hours ago, Yinn said: Why Thailand number one again? And again? Hmmmmm Across the world, Thailand boasts the greatest percentage of women in senior management (45%) Maybe if parliament is > 45% filled with women, especially with a female PM, maybe it's politics can get number one too. (putting lung Tu in a skirt could be a start, get in touch with his feminine side etc.) 1 Link to comment Share on other sites More sharing options...
Popular Post Susco Posted August 25, 2020 Popular Post Share Posted August 25, 2020 4 hours ago, Yinn said: Across the world, Thailand boasts the greatest percentage of women in senior management (45%) Are Mammasans considered senior management? 3 9 Link to comment Share on other sites More sharing options...
Rockbottom Posted August 25, 2020 Share Posted August 25, 2020 Agreed...we need more of the following: Hair salons, massage parlors (legit or otherwise...my pen rai), convenience stores, restaurants, laundry, sell clothes, food and mobile phones. Link to comment Share on other sites More sharing options...
Popular Post Orient Express Posted August 25, 2020 Popular Post Share Posted August 25, 2020 Six days!! Actually, one of the easiest places to start a business is England. Takes about 15 minutes online. More importantly, "best place to start and operate a successful business" will change the ranking considerably, I guess! 4 Link to comment Share on other sites More sharing options...
RichardColeman Posted August 25, 2020 Share Posted August 25, 2020 13 hours ago, webfact said: Thailand was named the best country to start a business for a second year by US News, Yeah, announced between ads for Mrs Miggin's Pie shop and Todd's Town Barbers 1 Link to comment Share on other sites More sharing options...
Popular Post howlee101 Posted August 25, 2020 Popular Post Share Posted August 25, 2020 ???????????????? seriously, what's the punch line to this joke. 1 2 Link to comment Share on other sites More sharing options...
steven100 Posted August 25, 2020 Share Posted August 25, 2020 I thought many of the businesses were closing down .... I was with a Japanese company exec on Saturday night and he's in the process of moving his company back to Japan .... I asked him why, his response was that Thailand's profit margin is too small and business is fading every year. His company operate elderly aged care facilities. 1 1 Link to comment Share on other sites More sharing options...
Popular Post baansgr Posted August 25, 2020 Popular Post Share Posted August 25, 2020 Maybe that explains why so many companies are closing and relocating elsewhere... 5 Link to comment Share on other sites More sharing options...
spiekerjozef Posted August 26, 2020 Share Posted August 26, 2020 US news received the brown envelope. 1 Link to comment Share on other sites More sharing options...
Yinn Posted August 26, 2020 Share Posted August 26, 2020 1 hour ago, steven100 said: I thought many of the businesses were closing down .... I was with a Japanese company exec on Saturday night and he's in the process of moving his company back to Japan .... I asked him why, his response was that Thailand's profit margin is too small and business is fading every year. His company operate elderly aged care facilities. 1 hour ago, baansgr said: Maybe that explains why so many companies are closing and relocating elsewhere... Some close. More open. We we need more Burma, Laos, and cambodia worker. 3 million already. 2 1 Link to comment Share on other sites More sharing options...
Popular Post newatthis Posted August 26, 2020 Popular Post Share Posted August 26, 2020 12 minutes ago, Yinn said: We we need more Burma, Laos, and cambodia worker. 3 million already. IF Thais worked, you wouldn't need them. 7 2 7 Link to comment Share on other sites More sharing options...
hotchilli Posted August 26, 2020 Share Posted August 26, 2020 18 hours ago, webfact said: Thailand named best country to start business for second year running Who said: Prayut & Co? 1 Link to comment Share on other sites More sharing options...
Popular Post Pilotman Posted August 26, 2020 Popular Post Share Posted August 26, 2020 I do enjoy my morning laugh, and this is it for today. 6 1 Link to comment Share on other sites More sharing options...
Popular Post Bender Rodriguez Posted August 26, 2020 Popular Post Share Posted August 26, 2020 not full owner of own company + 2 million baht + work permit you have to go out of the country for + 4 lazy dudes + salaries + dead economy 4 3 Link to comment Share on other sites More sharing options...
Bangkok Barry Posted August 26, 2020 Share Posted August 26, 2020 19 hours ago, webfact said: “US News & World Report recently released the names of best countries to start a business and Thailand topped the list for a second year running,” he said. 19 hours ago, webfact said: Separately, the World Bank’s 2020 Doing Business list ranked Thailand 21st for overall business practices and 47th for starting business. 2 Link to comment Share on other sites More sharing options...
Baerboxer Posted August 26, 2020 Share Posted August 26, 2020 17 hours ago, kotsak said: The US-Thai Amity Treaty gives benefits to US citizens who want to establish business in Thailand. Yep. And the World Bank, a US government puppet, only concerns itself with what's good for the US and it's citizens. Link to comment Share on other sites More sharing options...
seancbk Posted August 26, 2020 Share Posted August 26, 2020 19 hours ago, timendres said: I suggest that US News attempt to start a small business in Thailand. Then run it for one year. They are not talking about little businesses, they are talking about billions baht factories and large multinational joint venture businesses. Although that said I've been involved in the startup of 2 SME businesses in Thailand with collectively 4 different companmy registrations and it wasn't difficult at all. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now