Thailand is now ranked 13th for “ease of doing business” by The Doing Business Study of the World Bank and International Finance Corp. The study ranks 181 economies, with 1 being the top rank. A high ranking means the regulatory environment is conducive to the operation of business.
Among the factors that gave Thailand its attractive rating are the ease of paying taxes, trading across borders and registering properties. The study also cited Thailand’s efforts to protect investors, improve bankruptcy procedures and strengthen the legal rights of creditors and borrowers.
Global business investors also benefit from the country’s skilled workforce, strong supply chain, dependable infrastructure and strong investment support. English-speaking investors enjoy the added benefit of English being Thailand’s second language. NAR maintains three organizational alliances there for Realtors seeking cooperative business development.
In comparison, Singapore ranked No. 1 and the United States ranked No. 3. Thailand’s “ease of doing business” improved this year from 19th in 2008.