“The Global Expansion Guide: How To Grow Fast and Limit Risks Without Setting Up A Company In Thailand”
Become An International Business And Gain Presence in Thailand Without The Risk Or Expense Of Setting Up a Company.
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to understand the key global expansion factors that make the difference between success and failure
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In this guide you’ll learn how to:
- Attract and compliantly pay commission-based sales reps
- Develop international sales and extra revenue opportunities, without setting up own companies overseas
- Enter more markets, test the markets before getting established there, and easily withdraw from the unattractive countries
- Avoid legal and compliance risks
- Design an efficient system of international sales with a strong team of global salesforces
The key to expanding seamlessly into Thailand is finding and effectively managing local people. Just a single pair of boots on the ground is a game-changer. Immediate revenue increases with a skilled globally distributed salesforce, or expedited growth with foreign local IT pros; all benefits of a strong international team and presence in the global marketplace.
However, if your company is trying to go global, or is already in those early stages, chances are that you’re starting to understand how complicated global operations can be.
Learn How You Can Expand Your Business Globally Through Employment Fast, Easily, And Risk-Free!
Global EOR Services: Save Up to 80% of Employee Management Cost in Thailand
Regarding international business expansion, traditional methods often come with high costs and long timelines. Setting up a legal entity in a new country requires significant investment and time-consuming due diligence, from legal compliance to administrative setup.
The Hurdles in Creating a Legal Entity in Thailand
Initiating a legal business presence in Thailand is not merely submitting the necessary documentation. It involves:
- Business registration procedures
- Opening a local bank account
- Securing the required licenses and permits
- Ensuring regulatory compliance.
Furthermore, companies must continuously adapt to evolving tax norms, labour regulations, and compliance standards.
| Average Cost & Time | Our Solution * | |
|---|---|---|
| Time to Market | 10+ weeks | 72 hours |
| Legal Advisors Fees | $ 10 000 + | …………. |
| Official Employment & Benefits | $ 20 000 + | …………. |
| Incorporation & Liquidation Costs | $ 11 000 + | …………. |
| Bank Account Setup | $ 2 000 + | …………. |
| Maintenance costs and in-house staff to manage the foreign entity, payroll set-up, and administration. | $ 25 000+ | …………. |
| The approximate total cost of new market entry** | $ 74 000 + | $ 15 000 |
* Per one Employee
** Costs vary from country to country
Advantages of Using a Global Employer of Record in Thailand
Utilizing an EOR service such as Acumen International offers multiple benefits:
- Quick Market Entry: Bypass the complicated and time-consuming local setup, and begin operations almost immediately.
- Cost Efficiency: Save on registration, ongoing compliance, and potential legal penalties.
- Focus on Core Operations: Delegate the intricate matters of HR, tax, and legal compliance to experts, enabling you to concentrate on strategic planning and business development in Thailand.
- Smooth Market Exit: Should you decide to pull out, an EOR service in Thailand simplifies the exit process, reducing costs and time.
Advantages of Using a Global Employer of Record in Thailand
Partnering with Express Global Employment offers multiple benefits:
-
Quick Market Entry: Bypass the complicated and time-consuming local setup, and begin operations almost immediately.
-
Cost Efficiency: Save on registration, ongoing compliance, and potential legal penalties.
-
Focus on Core Operations: Delegate the intricate matters of HR, tax, and legal compliance to experts, enabling you to concentrate on strategic planning and business development in Thailand.
-
Smooth Market Exit: Should you decide to pull out, an EOR service simplifies the exit process, reducing costs and time.
1. Recruitment |
2. Global Mobility |
3. Checks |
4. Onboarding |
5. Payroll Administration |
6. Working Time & PTO Processing |
7. Benefits Administration |
8. Tax Administration & Reporting |
Offboarding |
| Talent skilled in highly-specialized areas | Employee Work Visa and Work Permit sponsorship | Health checks | Employment Agreement drafting | In-country registration with statutory bodies | Working hours | Mandatory Benefits | Tax Reporting frequency and requirements; | Employment agreement termination: |
| Executive search | Dependent Visa | Criminal record checks | Compliant worker onboarding on your behalf | Day-to-day payroll management | Overtime | Health insurance | Employer taxes & contributions | Dismissal – by the employer |
| Contingency workforce | Visa extension | Background checks | Account setup in the payroll and HR system | Monthly pay slips or other pay frequency | Public holidays | Workers’ compensation | Employee taxes & contributions | Resignation – by the employee |
| Application for a sponsor license for a foreign national | Education checks | Employee data entry and records maintenance | Accruals | Annual leave | Unemployment insurance | Withholding tax | Termination by mutual agreement | |
| Relocation assistance | Managing probation periods | Allowances | Parental leave | Voluntary Benefits | Local tax payments and reporting to local authorities | Notice period handling | ||
| 13th and 14th salary | Sick leave | Share plans for executives | End of financial year reporting | Final settlement & severance payments | ||||
| Additional leave | Bonuses & Equipment provision | De-registration with statutory bodies | ||||||
| Expenses reimbursement & business trip processing | ||||||||
| Health insurance, dental treatment |
Fueling Your Growth in Thailand
By leveraging our EOR services in Thailand, you can free your organization from the complexities of establishing and managing a legal entity. This allows you to direct your focus and resources towards your core business objectives, accelerating your growth in this lucrative market.
As a Global Employer of Record, we offer a single solution to manage your workforce seamlessly in Thailand and worldwide. Our services provide legal assurance, expert guidance, and a pathway to hire and manage your global team effortlessly. From reducing financial and legal risks to facilitating transitions during mergers and acquisitions, our Global EOR solutions offer a comprehensive support system for your expanding business.