However,
to fully analyze the benefits the investor will get from investing into
Thailand, we will look at different factors, as per the following;

·            
Labor
costs in Thailand- According to Thailand’s Board of Investment, literacy rates
reach 94% for men and 90% for women, so that investors will find an intelligent
workforce with the hope for further training and development. In addition to
being flexible and knowledgeable, the Thai workforce is also among the most
least costly in the region in terms of pay with the average daily wage for
Bangkok being 203 THB (approximately US$6). One of the main issues when one
starts up a business is whether they will be a subject to high and costly
labor, One of the things that makes opening a business a feasible alternative
for global companies is the fairly low wages that have to be paid contrasting
to in the Western world. Lower labor cost reduces the start up cost in general,
and this will contribute to an earlier breakeven process.

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·            
Thailand’s
population- There are more than 68 million residents Thailand and the population is made from numerous specific ethnic communities inclusive of Indian, Cambodia, Lao and Chinese.
One of the most important advantages for individuals
who need to begin a commercial
enterprise in Thailand is that these
different people convey exclusive abilities into play and there are lots of
people with abilities which are proper among
all exclusive sorts of firms.

·            
Gateway of Asia- probably the most
significant advantages of choosing Thailand as a location, is that it provides
as a strategic location and serves as the heart of Asia, which is home to a
biggest developing economic market in the modern and globalized world.  ASEAN is a big step towards making Thailand a
good link into providing a strong trade with India, China, both which are
strong nations and growing economies. Thailand
has been a part of the ASEAN free trade area (AFTA) comprised of boosting
economies like Singapore, Indonesia etc, therefore it decreases the import
duties that Thailand has to pay to zero. This could be advantageous to the
investor, if they decide to be a part of a globalized international trade
movement, and thereby reducing the cost for expensive imports. Additionally, with its diverse cultures, languages and histories, its ten
member nations share center on economic development and joint wealth. ASEAN’s
household purchasing power is on the rise which is assisting the region in
approaching a higher level of consumer growth.

·            
Business language- many
universities in Thailand are now becoming competitive and the students are well
trained and equipped to handle real life business situations, hence finding
employees to communicate in diverse languages like English, Thai and Chinese
would be readily available. This will make doing business with other countries
relatively easily which will help achieve the investors target; increased
revenues.

·            
Infrastructure
– According to Reuters (2017), Thailand is ready to spend over 80 million baht
into improving the infrastructure in the country, which means that improved
infrastructure for the residents will boost the economy, paving the way for the
investors to be secure in their own rights, and build the necessary buildings
that they require and they will have sufficient amount of land and area to do
so. Talking about area’s particularly, in Thailand Ratchaphruek road is now
being one of the centre of modernization, where new businesses are venturing,
and consumers are visiting that area, leading to a high demand. Investing and
opening a new business in that particular area would definitely have some
positive results. 

·            
Strong FDI policies- The United
Nations conference on trade and development ranked Thailand as one of the top
ten most attractive host countries for foreigners. The government encourages
liberalization and free trade throughout the nation with the other different
countries. Foreign business investments in Thailand, especially those that add
to the growth of talent, technology and modernism are vigorously encourage by
the government.

Thailand time after time ranks amid the most striking investment
locations in the world in global surveys, and the World Bank’s Ease of Doing
Business 2016 report seats Thailand as the 49th easiest country in the world
and the second ranked rising country in Southeast Asia for business purposes
and investments.

·            
Long established and newly
emerging industries – For any businesses to do well in the long run, there has
to be several other businesses that do well too, so the economy as a whole
develops and the wealth is redistributed amongst those business and industries
for the long run. In Thailand, there is a potential growth in this sector,
through strong industries, industrial production has risen and diversified all
across the country.

·            
Quality of life – this factor can
be further grouped into three main subcategories;

1)        
Healthcare – In terms of
healthcare, Thailand has urbanized an exceptional status internationally due to
its globally certified doctors and medical staff, and modern facilities and
equipment.

2)        
Education – the education system
in Thailand is internationally appreciated, with numerous schools and
universities that offer world class education to everyone applying.

3)        
Community- as mentioned before,
there is a diverse population in Thailand, with different backgrounds and
cultures. Thailand is known to be a land of smiles, and due to many people
belonging to different part of the world, there is little or no room at all for
xenophobic attitudes or discriminatory or favoritism acts.

In conclusion, I
would strongly recommend the investor place his capital into Thailand, as its known
for one of the best countries for investments. Thailand offers a secure and
profitable dea;, two significant objectives for any entrepreneur starting
his/her business and all of the factors above make it evident that Thailand
also has the necessary resources it will require for the investor to succeed in
the long run, and turn it into a profitable business empire.