Tag Archive | Thailand

Profitable Franchise In Philippines

In the wake of recession many businesses have either gone down or have simply ended. But thankfully some kind of businesses never got affected so badly; those are evergreen fields like chemical industries or food industries or restaurant business. So opening a franchise is the best business. Franchise is set up by the company after good research and testing the viability. Right now opening franchise in Philippines is the best idea.

Philippines is said to be the hub of franchise. Since it attracts lot of tourists attention food franchises in Philippines is very popular as it makes the tourists food of choice available in the foreign land. There are numerous franchises for shopping centers. In Philippines franchise does a very good business and more and more people are getting involved in it.

But many precautions are to be taken before opening a franchise in Philippines like a trusted partner should be found, market value of product and demand in location etc should be well researched on. Otherwise a franchise opened without any research or findings can sink terribly into losses. No company would want this of course bigger brands that are universally famous may not have any threats regarding opening a franchise in Philippines but there is no harm in doing research, it will only help. Confidence of brands popularity might turn into overt confidence just to incur losses. As they say Prevention is better than cure.

Health and wellness centers are also on a boom in the country and so opening any such franchise in Philippines can be surely considered. People go to Thailand and Philippines to get treated for various ailments and so having a wellness or health care center can be viable. But not every kind of franchise in Philippines runs successfully, the product has to be in demand or must be unique and extremely useful. A good market research and public opinion may help to open a correct product franchise.

Philippiness franchise association can be consulted in choosing the right kind of franchise to open according to current trend and demand of the market. This would further help the project to become fool proof and totally feasible. These are efforts to make sure that the franchise has enough takers in the market and that the products are in customers demand and will sell like hot cakes.

But some precautions are also to be taken by giving the franchise to someone. The franchisor should have enough knowledge about the product or service. He should be good at interacting with customers depending upon the kind of product. He should be passionate about his business and treat it dearly. Franchise in Philippines has many takers these days and is a very profitable business considering tourist and migrating population to this small but beautiful country.

Establishing An Enterprise In Thailand

Countless foreigners nowadays would like to start up or perhaps expand their enterprise in Thailand. Starting a business in a foreign country could be both a rewarding opportunity and a daunting task. You’ll find One Stop Service Centers that include business services that will foreigners set up a firm in Thailand. The Thai administration has made great improvement during the last few years to raise the process of business registration in Thailand. A Thai Company could be registered in just one business day soon after receiving a confirmation in the name reservation with the Thai limited firm.

Fresh businesses both huge and small can set up in Thailand easily. For a smaller new Thai business you can easily register your new Thai limited company with a minimum capitalization of 2 million baht. The Thai administration requires that at least 25 percent of the starting capitalization be paid through to the date with the meeting for corporation registration. This start up capital can be used immediately for business office rental, buying pc’s, purchasing inventory along with other business expenses. For big businesses, Thai government has their Board involving Investment (BOI) course for offering special sectors advantages for choosing Thailand as their initial location. This can comprise small software developers with just a couple people to great manufacturing operation. This incentives include levy holidays, reduce levy duties on imported machines, fast canning of work permits and visas regarding foreign staff, and as well as tax cost-free zones for importing raw materials that may be used and exported to be a finished product (for several designated sectors).

The particular ownership percentage of this Thai company depends on any type of business registration you process using the Thai government. The most common type of registration could be the Thai Limited Corporation with 2 mil baht required preliminary capitalization. A foreigner can only support to 49 percent on the shares in this sort of structure. Thus, the Thai partners must have 51 percent. The BOI corporation structure offers the option of 100 percentage ownership in particular business categories. It is strongly recommended that you call a Thai corporation incorporation lawyer to help you in the planning of your respective new business within Thailand.