Doing Business in Thailand :: GCSE Business Marketing Coursework

Doing line of descent in ThailandThailands booming economy has encouraged me to begin a stark naked business relationship with a highly recognized Thai ac union. I manufacturer a line of products for the chou processing industry. I latterly signed a one-year contract with Thai Chemiclas and engine room Co. Ltd., turn up in Bangkok, to be my exclusive representative in the Thailand bea. Thai Chemicals and Engineering leave promote my product line and get it into the all the sugar mills in the area. They will purchase two containers per month for which we brace negotiated a compatible price. The containers will be shipping out of Savannah, tabun with a final destination of the port of Bangkok. The shipping terms will be CIF Bangkok. I decided to use a local company to represent my product line for various reasons. First of all, I withdraw someone that knows the culture and business environment who has an established relationship with another(prenominal) locals. Once my products become known, I would like to establish a grind in Thailand. Therefore, I found it necessary to gather all the randomness required to begin a new business in Thailand. Establishing Business or a FactoryAlthough business can be speed of light % owned by conflicting investors, some are re deal outd for 51 % Thai monomania. People of any nationalities can participate in ownership to varying degrees through sole ownership, a limited company /corporation, an mediocre partnership, a limited partnership, or a branch of a foreign corporation. The Ministry of Commerces Department of Commercial Registration is directly in charge of company registration. The Stock Exchange of ThailandThe Stock Exchange of Thailand (SET) is a well-developed financial groundwork which welcomes foreign investment.TaxCorporate income tax rate is 30% takeBangkoks modern Don Muang International Airport can easily serve your arrivals or connections. Thailand is equipped with an ext ensive and ever-developing transport infrastructure and an extensive state-run educate system. There are numerous shipping ports including Bangkoks Klong Toey Port and the Eastern Seaboards Mab Ta Phut and Laem Chabang deep-sea ports within 200 kilometres of Bangkok. Working HoursTypical business hours are for banks and financial institutions, Monday - Friday 930 a.m. - 330 p.m. Government offices, Monday -Friday 830 a.m. - 430 p.m. (closed noon - 1 p.m.) private business, Monday - Friday from 830 p.