Resources are important for everyone and are vital for market research and operations, especially when you are considering Thailand as your next startup destination. Startup in Thailand has compiled a list of important business resources like embassies, government agencies, chamber of commerce, associations, and organizations that may be important for your startup business in Thailand.
Important Business Resources in Thailand
The office of the Board of Investment (BOI), operates under the Ministry of Industry and is the government agency for encouraging investment. The Thai government established the Board of Investment (BOI) to provide investment incentives for both foreign and local entrepreneurs who are interested to capitalize on the agency’s promoted activities in 1997.
Additional Read: Download the latest BOI Business Guide 2019
Thailand Visa and Work Permits, are required for all foreign nationalities to travel and stay in Thailand for business. There are many types of visas such as marriage visa, retirement visa, business visa, 1-year-Thai visa, and 90-day-Thai visa. Choose your nationality and type of visa that can be provided from your respective countries.
Thailand Embassy – www.thaiembassy.org
Embassies of other countries in Thailand – List of Embassies in Thailand
A government agency may be established by either a national government or a state government within a federal system. The independence and accountability of government agencies also vary widely. If an investor decides to set up business operations in Thailand, they need to contact the Immigration Division to get Non-B immigration before coming to Thailand to work. Then they can apply for a work permit in Bangkok within 90 days. Learn more here.
For more information on other agencies, check out the page on Government Agencies.
The Thai Chamber of Commerce or TCC, is a central organization and provides business recommendations to the Thai government regarding development of the Thai economy. The Thai Chamber of Commerce is Thailand’s main trade and service institution that uses strong information, knowledge, networks, and cooperation to enhance Thailand’s ability to compete and sustainably grow in the global market. Learn more here.
For more information on other Chambers of Commerce, check out the List of Chambers of Commerce.
Industry Data Research is not always easy to find in Thailand. However, here are some websites that would definitely fasten one’s research work on Thai companies and industries.
Startup in Thailand has a team to do market research for you if you are looking for specific Thailand Market Entry opportunities. They provide FREE basic market research information some of which can be accessed in Thailand Industries page.
National Statistic Office contains all basic information about Thailand, including an industrial census that can be useful for market sizing calculations; for example, the number of companies by industry. Learn more here – https://www.nso.go.th
This website of DBD provides a database of Thailand registered companies and one can get their financial figures which are displayed in public, including their annual revenue and profits.
At the same time, the Department has received business development and promotion duties, the registration duties, and the promotion of trade association and chamber from Department of Internal Trade and new duties, namely, service and e-commerce business promotion, to perform with the original duties, namely, business registration duties, business supervision, and business services.
The duties of the responsibilities of the department include the maintenance of measurement and commercial registration, namely, company partnership, insurance, trademark, and patent, which are under the responsibilities of other Ministries, Sub-ministries, and departments. For more information please visit their website.
Startup in Thailand an established business consulting firm in Bangkok has been instrumental in setting up businesses for foreigners over last two decades and can help you if you need any assistance in DBD or any other legal advice in Thailand.
The ministry is responsible for enhancing Thailand’s economy and trade and positioning Thailand as one of Asia’s leading trading nations. The ministry is also the registrar of companies in Thailand, as well as a source of support for entrepreneurs, SMEs, etc.
This source contains monthly production information about production capacity, production utilization, export, and domestic sales – http://www.oie.go.th/en
Some of Thailand’s industry associations assimilate information from their members and publish regular industry reports. However, not all associations actively provide information for their members. Below is the list of industry associations in Thailand that provide relevant market and industry information:
Iron and Steel Institute
- For Statistics on steel production and consumption – https://www.isit.or.th
Machinery Intelligence Unit
- For Agricultural machinery, machine tools and industrial machines – https://indexes.oie.go.th/
Thai Feed Mill Association
- For Live animal stock levels, feed mill prices and etc. – https://www.thaifeedmill.com
Thailand Automotive Institute
- Vehicle productions, domestic sales, imports, and exports figures – https://www.thaiauto.or.th
Thai Bioplastic Industry Association
- Bioplastic market information, market size, market share, and key players activities – https://www.tbia.or.th
Thai Plastic Industries Association
- Price of thermoplastics, import and export figures – https://www.tpia.org
Thai Game Software Industry Association
- Market size, segmentation (a type of game), import, and export figures. – https://www.tga.in.th
Thai Cement Manufacturers Association
- The scale of the cement industry, capacity, production, and domestic sales. – https://www.thaicma.or.th
Thai Photovoltaic Industries Association
- The target of renewable energy (wind energy, solar energy, mini-hydro, biomass, biogas, waste to energy and others – https://www.tpvathailand.com
The Real Estate Information Center provides information on construction areas by type of building (housing, condominium, office building, factory, and hotel) in Thailand – http://www.reic.or.th/Default.aspx)
There are also other commercial sources of information that one may subscribe to receive research reports. Some of the additional resources can be found here http://www.euromonitor.com/thailand
Another source for local industry analyses can be found from Kasikorn Research Center https://www.kasikornresearch.com.