The franchise business model is one that is advantageous both for the party selling the business license and for the party buying it. Compared to starting a new company, this option offers a higher degree of security for the business owner as he will rely on an already tested business model.
Investors who wish to start a franchise business in Thailand have a number of options, ranging from fast food chains fashion stores or businesses offering recreational services. Our Thai company formation agents highlight the most important aspects to consider when looking for a franchise option for doing business in the country.
We invite you to watch a video about franchising in Thailand:
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Franchise opportunities in Thailand
Opening a new business implies several types of costs and in some business sectors, this decision has to include a number of business risks. When opening a franchise in Thailand, the franchisee (the one acquiring the business license) is not doing business by himself but rather he has the support of al already tested business model and, depending on the franchisor, he will also have access to training and support.
Thailand is a country that offers a number of business opportunities for those who wish to buy a franchise. The advantage of this business model for the franchisor (the company selling the business license) is that it will have access to and will expand to a new market. moreover, the franchisor will not be involved in the process of company formation in Thailand.
Top franchising opportunitiesin Thailand include:
– fast food restaurants and international cuisine restaurants;
– fashion or cosmetic stores;
– beauty spas;
– cleaning agencies;
– real estate agencies;
– educational services and many others.
Some of these business fields will require special permits and licenses and one of our agents who specialize in company registration in Thailand can help you.
Opening a company in Thailand
Thailand is a country that encourages foreign investment. The Foreign Business Act is the main source of law for all rules and regulations concerning the process needed to open a company in Thailand by a foreigner. One of these special rules is that foreigners may not have the majority control in a legal entity.
You can contact our agents who specialize in company formation in Thailand for detailed information about the conditions for investment.