While Andrew is not a big fan of Bangkok, Thailand is a popular place for expats and expat entrepreneurs.
Southeast Asia really is the land of opportunity for those who know how to seize it.
But though the atmosphere of this area is laid back and easy going, doing business in Thailand sounds easier than it actually is.
You need to have enough financial resources to cover six-figure funding for your company.
In Cambodia and other countries, things are much easier, but these are also less developed markets.
To get a business going in Thailand, you need capital, office, Thai employees etc.
The thing is that doing business in Thailand isn’t a new idea, so being a foreigner won’t give you an advantage.
There’s a lot of competition going on, and it’s important to be aware of it.
For more info on life in Thailand, we recommend this video:
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ABOUT NOMAD CAPITALIST
Andrew Henderson travels to nearly 30 countries every year to stay up to date on the latest legal strategies for entrepreneurs and investors to pay less tax, grow their money faster, and build their personal freedom.
Andrew started Nomad Capitalist to help people like you follow his five magic words: “go where you’re treated best”. He has personally started foreign companies, opened offshore bank accounts, and obtained multiple second passports.
He also learned the hard way that perpetual information seeking is often the biggest barrier to getting the results you want. Many entrepreneurs spend months and even years constantly researching how to pay less in tax or live overseas, but are afraid to make the jump.
As a result, they get stuck and keep paying a fortune in taxes and never get the lifestyle they deserve.
Nomad Capitalist’s Youtube channel is based on Andrew’s vision that focusing on the end result, rather than the latest shiny object, is the best way to actually obtain the benefits of the Nomad Capitalist lifestyle.