Business expansion with a Thailand PEO/EOR
Thailand’s export-dependent economy is optimized for many first-time business entries. Steady economic growth, status as a newly-industrialized country, and positive development indicators are appealing. However, the country’s complex rules for setting up a business subsidiary can be intimidating. Subject to Thailand’s Foreign Business Act, new companies can face many restrictions on the type of industry and the management structure. In addition, each of the country’s 76 provinces can have separate laws and rules.
Their capability to hire and assign employees in Thailand, as well as handle the payroll and other aspects of Human Resources as an existing subsidiary is ideal for fast, simple business launches. We’ll look at these special benefits and list the best Thailand PEOs/EORs for your needs.
Why Rely on a PEO in Thailand?
As mentioned, the complex subsidiary laws are a compelling reason to work with an established Thailand PEO. On another level, the PEO/EOR solution is invaluable for new business success. Understanding the culture and traditional employee benefits can be difficult for foreign companies. As these PEOs operate locally, they not only manage administrative aspects of your business, such as hiring, payroll, contracts, and ongoing staff support – but also ensure good employee relations.
Best Thailand PEOs & Employer of Record
Horizons are leaders in providing comprehensive support services such as staffing, payroll, building rental, and more. For new Thailand businesses, their local presence is a major advantage. With a diverse worldwide portfolio, including Fortune 500 companies, Horizons is flexible and responsive in helping launch new market entries. Their full suite of PEO/EOR solutions includes access to industry experts, end-to-end employee roster management, Thai-compliant payroll systems, and more.
Global PEO is a well-respected global expansion company that has continued to provide superb guidance in recent years. The group is based in Hong Kong, but their knowledge base in other countries is localized and up-to-date with the modern working culture. Global PEO’s focus on providing cost-effective expansion solutions is a strong selling point for businesses expanding into the Thailand, and offers rates that provide strong value and remain competitive compared to industry norms. In addition to recruitment and hiring services, Global PEO also has the capability to take on a variety of duties based around entity setup, staffing, payroll, and a variety of administrative functions.
American-based Velocity Global has become a well-known source of end-to-end services for expanding businesses. They provide a helpful online Resource Center for information on global expansion, the important details of PEOs, and the best ways to ensure compliance with overseas employment laws. Since 2014, Velocity Global has worked with over 180 countries, including Thailand. They pride themselves on their knowledge base and fast market entry – offering expedited turnaround times in a variety of Asian nations.
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If your company is interested in expanding your operations into Thailand, GlobalizationPedia can connect you with a PEO that best fits your needs at a cost-effective price. Fill out the form today and we’ll use our extensive database of strategic partnerships to provide you with a full rundown with the best potential Thailand PEO matches for your company.