‘Thai company registration is easy’, a friend of mine said that to me after I expressed some interest in expanding my business in the Asian market. I had been thinking of doing this for a long time but I was not sure exactly what country to invest in. The choices were Japan, China and Thailand, ultimately though, after a lot of research and visits to and fro between my country and these I settled on Thailand as that seemed the most friendly and most suited to my needs in terms of expanding my suddenly growing IT consulting firm. It had taken me tons of time to register this company and make it successful in my own country and so I now had the hurdle of participating in Thai company registration too but it seemed entirely daunting to me and I knew that I was completely in over my head in some respects.
When I spoke to my legal team about Thai company registration I was immediately besieged by all sides with rules and questions that I had to follow or make sure were met. It was something of an information overload I have to admit and so I retreated to my personal office and my computer and turned to Google for some answers. I realised that there is a lot of rules and regulations that I have to follow, for example, most of my lead programmers are not degree educated and I do not know any Thai people to act as shareholders in terms of registering my new company and so I could see that I had a lot of work to do. The first requirement that I wanted to meet was making sure all my staff were university educated, I actually think that this is good requirement in terms of Thai company registration but the hard part was how to convince my staff to go back to school. I would have to formulate some sort of training plan, with incentives of course, but of course this could actually prove to be beneficial in the long run.
I consulted with my friend some more who had already been through this. When I outlined my plan, especially in terms of training my staff he simply scoffed at me and said that the rules could be bent or even broken. I did not ask for elaboration, I am an honest man and I would never think of falsifying or failing to meet any requirements asked of me as part of the Thai company registration process so it means that I will have to invest in my staff some more if I really want to make this work. I have no idea how this will pan out but I feel that this may be the start in terms of something big. I will keep you all posted on the progress of my Thai company registration but this seems like a good omen to start with, smarter staff means smarter products which equals more money.
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