Thailand is one of the main hubs for business in Southeast Asia, so it’s no surprise that a growing number of tech entrepreneurs choose to call the country home. Though some tech sectors are still in their infancy in the region, many Bangkok-based companies are at the forefront of their industries – sometimes even competing with firms based in ultra-modern Singapore and long-time regional tech leader, Taiwan.
That said, Thailand offers a few advantages over these traditional tech hot spots. Here are ten reasons why more and more tech entrepreneurs are deciding to call Thailand home:
#1 – Thailand is a business hub for Southeast Asia
Vietnam, Cambodia and even Myanmar have all seen plenty of economic growth over the past decade. But when it comes to offering a modern business environment, these places still cannot compete with Thailand.
As a result, many major multinational companies have regional headquarters in Bangkok. Most regional conferences and major corporate meetings are held here, and people from all around mainland Southeast Asia still look to Thailand when they need a specialized service or when they’re looking for a new base for their business operations. Because of the growing presence of these companies, many entrepreneurs – no matter what their field – choose to base themselves in Thailand.
#2 – Thailand wants to develop new talent
Thailand is embracing its new status as an emerging tech leader, offering a number of tech-themed meetings and groups in Thailand. These events give young entrepreneurs and professionals an opportunity to find support and grow their businesses – resources that simply aren’t available yet in other Southeast Asia countries.
This atmosphere helps the country’s young tech pros develop new talents and skills that they can then use on a global level. The sheer number of organized meetups and groups, makes networking a breeze for both expats and locals living in the area.
#3- Thailand is a regional eCommerce leader
According to tech experts, eCommerce in Southeast Asia is lagging behind the rest of the developed world, though several companies in Thailand are currently leading the effort to create a region-wide eCommerce infrastructure.
Recent developments in the country have been focused on creating a regional service that businesses can use to sell goods or services, as well as process payments online through a central provider. These innovations will make it easier for tech companies to do business in Thailand, and also provide the platform that other tech companies need to build their apps and other services around.
#4 – Thailand draws international talent
People come to Thailand to work for many different reasons. Some like the easy access to beaches and the warm climate. Others like the low cost of living and the chance to live somewhere that is totally different from where they grew up.
But no matter what the reason, lots of talented people – in all industries – are drawn to living and working in Thailand. As a result, professionals in the country don’t lack for abilities to connect with top talent from around the world and meet people with similar interests and passions who can serve as sounding boards for new business ideas.
#5 – Thailand is a great place to live
Thailand is one of the more user-friendly countries in Asia. With the help of a good real estate firm, entrepreneurs can easily find the perfect place to live, as well as the ideal office space. The cost of living is relatively low here, compared to, say, Singapore. So if your business ventures don’t take off right away, you can still live comfortably in this country while you’re waiting for your profits to catch up with your expenditures.
#6 – A vacation is always only a short distance away
No matter where in Thailand your company is based, a vacation is always a short drive away. The beach towns of Pattaya and Hua Hin are both within driving distance of Bangkok. In fact, they’re so close that you can leave work on Friday evening and still make it to a beach-side bar in time for happy hour.
Want to make your vacation destination your full-time location? Islands like Koh Samui offer great infrastructure, so it’s actually possible to set up your business base and spend your workdays only a few steps from the beach.
#7 – The tech industry is still in its infancy here
For many entrepreneurs, there’s nothing better than getting in on the ground floor of something new. And despite its successes, Thailand’s tech industry is still in its early days, and small startups are just starting to pick up some buzz in the region.
In this kind of youthful business climate, good companies can easily stand out without having to worry about being swallowed up by big multinationals. This creates a number of opportunities for talented entrepreneurs with great ideas who are looking to get their products or services off the ground as quickly as possible.
#8 – Thai tech companies often need specialized help
Most of Thailand’s tech companies are relatively small, but looking to grow. Because of this, there are a lot of opportunities to invest, as well as to provide specialized services and skills. If you’re a freelance tech specialist, there’s never been a better time to call Thailand home.
#9 – Thailand offers good internet and communication infrastructure
Thailand has long been a popular destination for world travelers because of its good general infrastructure. In general, it’s easy to get around and to find good services, hotels, and other amenities, but this ease of access extends to internet and other communications services as well.
This might seem like a small positive, but other areas in the region lack in basic internet service. Without a solid, reliable, and uninterrupted internet connection, doing business in today’s digital age is pretty much impossible. In most of Thailand’s major cities and towns, though, this isn’t a concern at all, thanks to investments by the country’s government and major companies.
#10 – There are qualified Thai tech pros who can help with the red tape
Unfortunately, despite offering so much potential, Thailand is known for presenting would-be foreign entrepreneurs with a lot of red tape. Fortunately, with so many qualified tech professionals already in the country, it’s easy to find a partner who can help you deal with local laws, as well as introduce you to local business and social customs. Don’t let any bureaucracy you encounter stop you from making your Thai business dreams a reality!
Thanks to its low costs and high quality of life, Thailand is a great place to live and do business. For tech entrepreneurs in particular, it’s one of the most exciting places to work in Southeast Asia – if not all of Asia. If you relate to any of the reasons described above, do your homework, and you’ll see that there’s a good reason why more and more tech pros decide to make their home in, and do business in, Thailand.