Investment opportunities in Thailand

As the epidemic begins to end, many people are now looking for investment opportunities. If you are thinking of investing in the Thai market, you may not be sure where to start. The country is becoming modern and the economy is growing.

Moreover, it has a significant community of international residents. In this article, we will analyze some of these business ideas and investment opportunities in Thailand.

Import / Export Industry

As Thailand is one of the major transportation hubs in Asia, the import / export industry is flourishing. Multiple transport routes pass through Thailand and its harbor makes it even more attractive. Either setting up an import / export agency or investing in one already listed would be a great move.

Moreover, the large expatriate community in Thailand makes it a good market for European or North American products. Both local and foreign are willing to pay higher prices for larger quality products.

The real estate industry

The real estate sector accounts for 6% of Thailand’s GDP. It is also one of the major contributors to the overall economic growth of the country. Investing in land or real estate is a great idea as prices continue to rise throughout Thailand’s continuous development and modernization. Foreign investors often fear that buying land or real estate abroad will be logically difficult. However, in Thailand, you can start a locally registered real estate company and thus avoid a lot of bureaucratic red tape.

Most expatriates seeking real estate in Thailand acquire the services of a specialized company and the demand for such services is increasing. Opportunities to invest in Thai real estate are endless. If you are doing this from the UK or Europe, you can set up a local team at a relatively low cost. It enables you to break down language barriers and connect with local customers, not just outsiders.

Translation and content art

This next investment concept is related to Thailand’s growing expatriate population. It’s no secret that many Western freelancers choose the country as their place of residence. They choose to live and work in Thailand because of the low cost of living, the amazing weather and the jaw-dropping landscape. This unique combination sets the right environment for investing in translation services. All foreign documents must be translated into Thai for a temporary visa or residence.

Also, despite the huge expatriate community in recent years and the constant modernization, the percentage of the English-speaking population is still quite low – about 27%. And this statistic includes non-natives. Therefore, many Thai companies need the services of English translators. According to the 2011 census, there were approximately 45,000 inhabitants of Thai descent in the UK. So you don’t have to set up your business in Thailand, there are also business bases in the UK and opportunities to operate remotely.

Street food and catering

Thais are huge fans of street food and the whole culture seems to be centered on socialization and eating. So, investing in a series of street food parlors will put you in a better position to make a profit. Especially now when it seems that the Covid restrictions are slowly being moved around the world.

Of course, the risks of investing in your food and catering business should also be considered. You will definitely face a lot of competition from the locals. In addition, if you are not familiar with the sector, you may need to blindly trust a local partner. Perhaps starting a Thai restaurant in the UK is a good idea but investing in Thailand is not your goal.

Car and scooter rental

Thailand receives about 40 million foreign tourists each year. Probably not all of them are interested in renting a car or scooter because choosing an all-inclusive resort seems ideal for the whole trip. However, even if 10% of these 40 million travelers need a car or scooter, a rental business makes a lot of money.

You will find cheaper local cars and scooters when the cost of insurance and other taxes is nothing compared to the UK. If you are considering this type of investment, remember that you need to partner with someone local. Language barriers are the main reason why you need a Thai partner and you also want someone on the premises to conduct client interactions.

Casino Management Systems Market

According to the Ministry of Digital Economy and Society, online Thai casino websites earn $ 32 million annually. With this, the market for casino management systems is growing, as the online industry is expanding. This can be a lucrative investment opportunity. Some of the major software providers are Win Systems, Ensico, Playtech, Scientific Games, Chetu, Advansys, APEX Pro Gaming and Zeta Gaming.

The software providers focus on making their games mobile-friendly, as many people in Thailand and around the world own a smartphone but not necessarily a laptop or desktop. This is especially true for young people.

The latest thought

These are just some of the many opportunities that Thailand offers to UK investors. According to the introduction, the country is very attractive in terms of investment path. However, out of all the possibilities, we consider these with the best chances of success considering the current trends.

Depending on how much you are willing to invest, investment opportunities can spread across the IT sector, jewelry design or tourism companies. Always start with a business plan to keep everything on paper and see if it makes sense for you!

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