Adapting your business to the culture you are operating in is always crucial, it fosters good business relationships as well as a better image for the company.
Thailand has become an increasingly attractive destination for entrepreneurs and investors looking to establish their businesses in Southeast Asia. With its vibrant economy, strategic location, and welcoming business environment, Thailand offers numerous opportunities for growth and success.
No more PayPal transactions in Thailand from 7 March.
Originally located in the United States, PayPal is one of the most famous online payment platform providers in the world. It allows users to pay for goods or services online, sending and receiving money safely.
With over 360 million active users in more than 200 countries, Paypal has been registered as a legal entity in Thailand since 2016. Besides, as the e-commerce industry in Southeast Asia, including Thailand is growing quickly, the company got a real opportunity from this market. (read our article)
The Thai government has approved measures to encourage investment in special economic zones (SEZs). The purposes for developing the SEZs include the acceleration of border trade, increasing border security, promoting the greater distribution of income, and enhancing Thailand’s competitiveness in the ASEAN Economic Community.
A cash flow statement tells you how much cash is entering and leaving your business. While a balance sheet and profit and loss statements show you a situation at a given time, the cash flow statement is more of an explanation for managing your business and making sure you have enough cash to keep operating.