Acclime

Join Acclime at DEX Connex 2023: Thailand-Malaysia Business Collaboration Forum where it brings together the best of Thai and Malaysian tech leaders to foster collaboration and ignite innovation.

Ashmin Burathoki, Acclime Thailand’s Client Services Director, and Henry Ng, Acclime Malaysia’s Managing Partner, will be sharing their insights on Do’s and Don'ts of doing business in Thailand.

A networking session follows, so you can connect with us to explore your potential business expansion in Thailand, Malaysia, and beyond. Participation is free of charge.

Event details:
🗓️ Date: Tuesday 21 November 2023
⏰ Time: 9:00am-6:00pm (GMT+7)
📍 Location: True Digital Park, West building, 3rd floor, (Grand Hall 2-3), Bangkok, Thailand

👉 Register now: https://hubs.la/Q0294DDZ0

Thailand-Malaysia Business Collaboration Forum, DEX Connex 2023 Thailand-Malaysia Business Collaboration Forum, DEX Connex 2023

Join Acclime for a webinar “Bridging Continents with the EIC: your guide to thriving in the US and APAC regions.”

Acclime is partnering up with the European Innovation Council (EIC) and Red Bridge for the online webinar dedicated to business owners interested in expanding their solutions beyond Europe.

Nikki Foster Le-Grys, Acclime’s Regional Director UK & Europe, and Thomas Chan, Acclime Singapore ‘s Managing Director, will be sharing their insights on market entry strategies into the Asia-Pacific business landscapes.

Webinar details:
🗓️ Date: Wednesday 29 November 2023
⏰ Time: 9am-11am CET (GMT+1)
📍 Location: Zoom

👉 Secure your spot now: https://hubs.la/Q028YBWB0

Asia is expected to be one of the most enticing regions for business investors over the next two decades. Long-term prospects remain positive, as developing Asian markets focus on consumer-class development, digital transformation, and rapid urbanisation.

🆙 These are the top five emerging markets in Asia by GDP in 2023:

🔸 China
China has been one of the world's fastest-growing economies, averaging over 10% during the last 30 years. The Chinese economy comprises government-owned enterprises, mixed-ownership businesses, and a vast private sector. China faces significant geopolitical, environmental, and ageing population challenges. However, it is expected to become an even more influential international player in the coming years. Already second in terms of nominal GDP, it is estimated to overtake the U.S. as the world's largest economy by 2028.

🔸 India
Now with the world’s largest population, India's economy has been growing steadily at comparatively high rates. It averaged 7.1% in the last decade, with occasional fluctuations caused by socio-economic challenges. India's growth rate is predicted to stabilise at 8% over the next few decades, thus making it the world's fastest-growing economy.

🔸 Indonesia
Indonesia's emerging market economy features rich and diverse natural resources, controlled inflation, political stability, and relatively developed financial systems. It is understandable why many business owners are enthusiastic about investing in a country with over 277 million people, GDP growth of around 5% per year, and a growing middle-class consumer market.

🔸 Thailand
Thailand has a robust and growing middle-class consumer market, with the private sector as the main growth engine. The economy is well integrated into the global market, with exports accounting for more than 70% of GDP. It also has a large industrial sector and a strong and growing services sector, mainly focused on tourism and finance. Thailand's government has plans for transforming the country into an innovative, value-based economy focusing on automation and robotics, biofuel and biochemicals, logistics, and digital.

🔸 Vietnam
Vietnam is one of the world's fastest-growing economies due to a shift in labour allocation from agriculture to manufacturing and services. Private investment, robust tourism, rising earnings, and increased urbanisation have contributed to Vietnam's development. Even though Vietnam's GDP growth is expected to slow from 2021 to 2040 compared to the previous decades, the country's economy is well-positioned to remain a strong performer.

👉 Find out more about top emerging markets in Asia: https://hubs.la/Q027vSbv0

Like and follow Acclime for insightful Asia-Pacific business guidance and stay updated with relevant changes.

Join Acclime and our partners for a free workshop on entering the APAC market. It’s perfect for any company trying to figure out the steps for securing their first sales in Asia Pacific.

Topics covered:
🔸 Establishing your presence
🔸 Promoting your brand
🔸 Supporting your customers
🔸 Protecting your intellectual property
🔸 Getting paid out of Asia

Acclime's Nikki Foster Le-Grys, a specialist in supporting UK companies’ expansion into Asia, will join experts from the law firm Lewis Silkin LLP for a 60-minute presentation and Q&A.

A networking session follows, so you can get even more advice to help you to move forward in APAC. Participation is free of charge.

This workshop is a joint techUK and Intralink initiative, as part of the UK-APAC Tech Growth Programme.

Workshop details:
🗓️ Date: Friday 10 November 2023
⏰ Time: 10:00am-11:30am (GMT)
📍 Location: techUK, 10 St Bride Street, London

👉 Book now: https://hubs.la/Q0279C1F0

Have you signed up for next week’s free webinar, "Regional tax insights: Navigating the new tax compliance regulations in Asia"?

You will gain valuable insights into the latest tax updates and discover practical strategies for companies operating in China and Southeast Asia.

🔍 Agenda:
- Regional tax updates
- Tax considerations for a “China+N” diversification strategy
- Regional transfer pricing requirements and risk mitigation strategies
- Case study
- Q&A session

🎤 Speakers:
- Helen NS Wong, Tax Advisory Manager, Acclime Hong Kong
- Thomas Chan, Managing Director, Acclime Singapore
- Mandy Liu, Associate Director, Accounting Services, Acclime China

Webinar details:
🗓️ Date: Wednesday 8 November 2023
⏰ Time: 4pm-5pm CST (UTC+8)
📍 Location: Zoom

👉 Register now: https://hubs.la/Q0272yl00

Acclime is attending Hong Kong Fintech Week!

Meet Acclime’s Blair Lucas, Group Commercial Director, and Florian Braunsteiner, Director, at Hong Kong Fintech Week, one of the biggest and most influential financial technology events in the Asia-Pacific.

Connect with Acclime to explore your fintech opportunities and potential business expansion in Hong Kong, Singapore, China, and beyond. Insights include:
🔸 Emerging trends and consumer preferences shaping the fintech landscapes
🔸 Essential corporate compliance requirements
🔸 Regulatory nuances and challenges

🗓️ Dates: 30 October-5 November 2023
📍 Location: Hong Kong Convention and Exhibition

See you next week!

Hong Kong FinTech Week | 30 Oct - 5 Nov 2023 Asia's flagship financial technology conference brings together FinTech founders, banking executives, VCs, regulators and FinTech-savvy audiences. Join in person or online. Book your Ticket Now.

Start your career with an internship at Acclime! 🧑‍💼

We are now accepting applications for Acclime’s Cambodia Internship Program 2024 in accounting and taxation. This is a 4-month internship program with monthly allowance (Jan-Apr 2024). The program offers a unique opportunity to learn and develop skills by working closely with industry experts, tackle real-world business challenges, and contribute to impactful projects.

🤝 What we offer:
- Hands-on experience in a professional environment
- Mentorship from industry experts
- Exposure to a variety of projects and clients
- Networking and employment opportunities at Acclime

👩‍💼 Who we are looking for:
A fresh graduate or third- or fourth-year undergraduate student in Business Administration, Accountancy, Banking, Finance, or related fields

📩 How to apply:
Submit your CV, cover letter, and transcript via e-mail to [email protected] before 17 November 2023.

📞 Contact us for more details: +855-95-83-2003 (Telegram)

Are you ready for the webinar "New Horizons: Exploring new regional diversification opportunities in Asia" next week?

The event will spotlight the strategic opportunities that await companies in China and Southeast Asia, with a special focus on the thriving market of Vietnam as a preferred destination for those seeking to broaden their horizons.

🎤 The panel of speakers includes:
- Marshall Chen, Partner, Fiducia Strategy Advisory, Shanghai
- Matthew Lourey, Managing Partner, Acclime Vietnam
- Song Lin, Director, Trade & Technology, Acclime China

Moderated by Pierre Gargatte, Senior Client Engagement Manager, Acclime Hong Kong, this session promises valuable insights and real-life case studies.

Webinar details:
🗓️ Date: Thursday 12 October 2023
⏰ Time: 4pm-5pm CST (UTC+8)
📍 Location: Zoom

👉 Register now: https://hubs.la/Q023WzDh0

Embark on a journey of transformative growth across Asia! Acclime is delighted to invite you to an insightful and engaging webinar: New Horizons: Exploring new regional diversification opportunities in Asia.

The event will spotlight the strategic opportunities that await companies in China and Southeast Asia, with a special focus on the thriving market of Vietnam as a preferred destination for those seeking to broaden their horizons.

🎤 The panel of speakers includes:
- Marshall Chen, Partner, Fiducia Strategy Advisory, Shanghai
- Matthew Lourey, Managing Partner, Acclime Vietnam
- Song Lin, Director, Trade & Technology, Acclime China

Moderated by Pierre Gargatte, Senior Client Engagement Manager, Acclime Hong Kong, this session promises valuable insights and real-life case studies.

Webinar details:
🗓️ Date: Thursday 12 October 2023
⏰ Time: 4pm-5pm CST (UTC+8)
📍 Location: Zoom

👉 Secure your spot for this enlightening journey. Register now: https://hubs.la/Q023cQcK0

The Australia-China Innovative Life Sciences Roadshow wraps up today, marking three impactful events in China.

In response to the increasing development of the pharmaceutical landscape, Acclime collaborated with leading Australian clinical research organisations to support the international growth and expansion of Chinese life science companies into Australia. This dynamic partnership unfolded as part of the Australia-China Innovative Life Sciences Roadshow.

The roadshow was held from 14-18 September 2023 across key locations in the Greater Bay Area, including Shenzhen, Guangzhou, and Southwest China, Chengdu. These events effectively bridged the gap between Chinese life science companies and pertinent Australian government agencies, fostering collaborative opportunities and facilitating commercialisation ventures in the Australian market.

Along with Acclime, the event organisers were: Austrade (The Australian Trade and Investment Commission), the Victorian Government, 360biolabs (a BioAgilytix company), George Clinical, and Nucleus Network. The support from key Chinese stakeholders, including GZHT Technology, the Party Committee of Guanlan Street's Life and Health Industry Chain, Silver Star Group, and Guangzhou International Bio Island, further underscored the significance of this endeavour.

Luis Silva, Acclime's Regional Business Development Manager, shared invaluable insights into how Acclime can assist Chinese life science companies with creating corporate entities and conducting clinical trials in Australia. His presentation also shed light on accessing the government's R&D tax incentive program and identifying strategic partners for product sales and distribution across the Australian territories.

These events signify a pivotal milestone, as they mark the first post-pandemic offline gatherings in China’s Greater Bay Area. They provided a unique opportunity for face-to-face interactions and knowledge exchange among industry professionals and stakeholders.

Acclime eagerly anticipates the prospect of meeting you at our next event, as we continue to facilitate innovative partnerships and international collaborations in the dynamic life sciences landscape.

Stay tuned for more exciting developments! 🌏🤝

Fintech South returns on 12-13 September 2023.

This year’s Fintech South 2023 in-person summit will bring together more than 1,200 fintech leaders from all over the world to Atlanta, a global financial technology hub that is home to hundreds of fintech companies.

The Fintech South agenda includes 20 hours of content featuring more than 100 speakers representing the top companies globally. They will be providing insights on the most important trends and how to seize opportunities of the fintech revolution.

🗓️ Date: 12-13 September 2023
📍 Location: Georgia World Congress Center, Atlanta, Georgia, USA (in-person and live)

Homepage - Fintech South Join us on September 12-13 as we host 1,000+ fintech leaders from around the world for 2 amazing days of content and experiences designed to help you drive business success and thrive in the next normal.

Acclime Fintech Week kicks off today!

Acclime Fintech Week from 11-17 September 2023 is dedicated to sharing insights into navigating the fintech regulatory landscapes across Asia.

On Tuesday 12 September 2023, you will get an opportunity to join the webinar: Exploring fintech ecosystems across four markets in Asia-Pacific: Australia, Indonesia, Singapore, and Vietnam. Our experts discuss the differences between the markets and their unique features, including consumer behaviours, market maturity, and regulatory nuances.

🎟️ Last minute registration: https://hubs.la/Q021zx8m0
📝 Event details: https://hubs.la/Q021zzjQ0

And for the entire week, we will be releasing a series of guides and case studies, enabling you to better understand fintech businesses and regulations across diverse markets in Asia-Pacific.

Whether you are an industry professional seeking to expand your fintech business or an enthusiast curious about the evolving financial technology landscape, Acclime Fintech Week offers an exceptional opportunity to grasp the intricacies of these markets and their fintech potential.

Follow our page and stay tuned.

Acclime acquires the non-audit arm of RSM Hong Kong.

Acclime has completed the acquisition of RSM Hong Kong’s non-audit practice in a landmark deal that will significantly enhance Acclime’s scale and advisory services capabilities.

Martin Crawford, Co-Founder and CEO of Acclime, noted that the acquisition boosts Acclime’s overall business size by around 30%, following several tactical acquisitions in recent months, and will propel the development of Acclime as a fully-fledged professional services firm across Asia.

Click to read the full press release: https://www.acclime.com/press-release/rsm-hong-kong/

Acclime acquires the non-audit arm of RSM Hong Kong Acclime has acquired RSM Hong Kong’s non-audit practice in a landmark deal that will enhance its scale and advisory services capabilities.

Acclime is proud to announce the appointment of Joshua Konechny as the firm’s Chief Digital Officer.

This appointment underscores Acclime’s dedication to remaining at the forefront of technological advancements in the corporate services sector.

By leveraging Joshua's 25 years of experience in harnessing technology for business transformation, Acclime aims to further strengthen its foundation in tech-enablement initiatives, fostering growth, efficiency, and seamless cross-cultural integration incorporate services.

Click to read our press release: https://hubs.la/Q01-FQYP0

Acclime Appoints Joshua Konechny As New Chief Digital Officer Acclime is proud to announce the appointment of Joshua Konechny as the firm’s Chief Digital Officer (CDO). This appointment underscores...

Acclime Australia has expanded its position in the corporate services sector with the strategic acquisition of leading Melbourne advisory firm, The CFO Solution.

Established in Melbourne in 2000, The CFO Solution provides virtual CFO-level financial strategy and reporting advice, capital-raising assistance, company secretarial services, accounts payable, and consulting services. The company has specialised in assisting clients listed on the ASX and NASDAQ bourses, as well as private companies, especially in the technology and mining sectors.

Acclime Co-Founder and CEO, Martin Crawford, said “The CFO Solution’s service delivery model, which relies heavily on utilising the latest software and process mapping tools, firmly aligns with Acclime’s mission to be the leading technology-enabled professional services firm in the APAC region.

“Our decision to expand our footprint in Australia is a strategic one, capitalising on the country’s strong trading relationships across the Asia-Pacific region and the dynamic opportunities this creates,” Mr Crawford added.

Read our full press release:

Acclime Acquires The CFO Solution In Australia Acclime Australia has expanded in the corporate services sector with the acquisition of leading Melbourne advisory firm, The CFO Solution.

Acclime has announced its expansion into New Zealand with the strategic acquisition of a leading financial advisory firm, VCFO Group.

Auckland-based VCFO Group has a 17-year history serving a broad base of businesses and investors with virtual CFO services. These include accounting and governance, inbound and outbound investment planning, specialist taxation advisory, and fund administration.

Since VCFO Group’s establishment in 2006 as pioneers of virtual CFO services, it has developed a strong marketplace brand and presence. This follows from consistent reputational business growth, including the addition of other practices, notably and most recently, Milne Maingay Chartered Accountants. VCFO Group currently has a team of 55 dedicated professionals.

Acclime Co-Founder and CEO, Martin Crawford, has identified New Zealand as a significant incubator for innovation and a destination for foreign investment, and its trading relationships with its Australian and Asian neighbours are mutually advantageous.

Read the details in our press release

Acclime Expands Into New Zealand With VCFO Group Acquisition Acclime has announced its expansion into New Zealand with the strategic acquisition of a leading financial advisory firm, VCFO Group.

How has the ease of doing business in Asia changed in 2023?

Governments and regulatory bodies in Asia are continually making amendments to promote a more business-friendly environment and attract foreign investment. Several countries have implemented or plan to enact significant reforms to enhance the ease of doing business, promote economic growth, and increase foreign investment. Our article highlights some of the most significant business reforms taking place across Asia in 2023: https://hubs.la/Q01SMYYT0

Stay informed on relevant changes and learn more about doing business in Asia by following Acclime on LinkedIn and Facebook.

Ease Of Doing Business In Asia: What You Need To Know (2023) How has the ease of doing business in Asia changed in 2023? This guide highlights the key updates for business leaders and investors.

The use of technology in business transactions across Asia has rapidly grown, especially during the recent pandemic, and an increasing number of countries now accept electronic signatures.

However, each Asian market has its own rules and regulations that govern the use of e-signatures.

To help you navigate the landscape of regional e-signature regulations, visit our guide: https://hubs.la/Q01QPCgz0

Stay informed on relevant changes and learn more about doing business in Asia by following Acclime on LinkedIn and Facebook.

Regional E-Signature Guide 2023 | Acclime Group An e-signature (or electronic signature) is a legally recognised way to provide consent or approval on electronic documents.

In one of our previous posts, we highlighted the most favourable cities in Asia for establishing and expanding a business.

However, when we zoom out and look at the overall business attractiveness of specific Asian markets, the list of locations looks slightly different. According to the World Bank's latest report Doing Business 2020, Singapore, Hong Kong, Malaysia, Taiwan, and Thailand are the five Asian jurisdictions where it is easiest for foreign companies to do business.

To learn why and more about each market, read our insight: https://hubs.la/Q01QPB3C0

Do you have any opinion on the topic? Feel free to comment below.

Follow Acclime on LinkedIn and Facebook to stay informed about various aspects of doing business in Asia.

Top 5 Countries For Doing Business In Asia | Acclime According to the Doing Business 2020 published by the World Bank, Singapore, Hong Kong, Malaysia, Taiwan and Thailand are the five Asian...

Another common challenge for companies doing business in Asia is complying with monthly, quarterly, and/or annual regulations, which vary from market to market.

The most common requirements are monthly or quarterly VAT/GST filings with the local tax authorities and annual tax return filing.

While some countries, such as Cambodia and Indonesia, require monthly income tax statement filings, others, like China, only require quarterly filings.

However, all countries in Asia require the preparation of annual accounts. In some countries, such as China, Hong Kong, Malaysia, Thailand, and Vietnam, all companies must also audit their accounts annually. In other countries, such as Singapore and Cambodia, an audit is only required if the company is of sufficient size. Filing an annual return with the corporate regulator is also required in many jurisdictions across Asia.

Read more about this and other challenges in our article: https://hubs.ly/Q01Ql9LJ0

Partnering with a corporate services specialist such as Acclime can help ensure that your company complies with all the necessary laws in the countries where you operate, freeing you up to focus on running your business.

Doing Business In Asia: Common Challenges & Misconceptions | Acclime Asia and ASEAN remain attractive regions in which companies can expand their business. Roughly 60% (4.4 billion) of the world's...

Doing business in Asia comes with its own set of challenges, one of them being a resident director requirement.

While jurisdictions such as Singapore and Malaysia require directors to be local, some other locations (e.g., Indonesia) allow the appointment of any in-country individual with a local tax ID, local or foreign, as a director responsible for various obligations of the company.

Read more about this and other challenges in our article: https://hubs.la/Q01Ql4ft0

At Acclime, we can assist with the provision of the necessary in-country resources in more than 13 Asian markets to satisfy all local requirements when setting up your business.

Doing Business In Asia: Common Challenges & Misconceptions | Acclime Asia and ASEAN remain attractive regions in which companies can expand their business. Roughly 60% (4.4 billion) of the world's...

Asia-Pacific has emerged as a key business region in recent years, with developing economies projected to drive 70% of global growth in the future. With its advanced infrastructure, world-class innovation hubs, and thriving emerging markets, Asia is a prime destination for companies seeking to expand their global reach. However, how to choose the right location for the business?

In our article, we explore the top five cities in Asia that offer a favourable business environment and exciting opportunities for foreign or Asian businesses expanding further into other markets of the region: https://hubs.la/Q01PhKj_0

Follow Acclime on LinkedIn and Facebook to stay informed about various aspects of doing business in Asia.

The Five Best Cities To Start A Business In Asia | Acclime In the article below, we look at the top five Asian cities with an appealing business environment and a variety of exciting opportunities.

Hong Kong and Singapore are frequently compared when it comes to selecting the base for doing business in Asia. In reality, which is a better hub depends on your industry and strategy in Asia.

As a company with a strong presence in both markets, we are leaning into our experience to take on both hubs and compare them across a couple of different areas, such as ease of doing business, taxation, compliance, talent and more: https://hubs.la/Q01PhG7_0

Do you have an opinion on the topic? Let us know your thoughts and concerns about locating an Asian base in Hong Kong or Singapore.

Stay informed on relevant changes and learn more about doing business in Asia by following Acclime on LinkedIn and Facebook.

Singapore Vs Hong Kong: Which City Is Better As A Business Base In Asia? The question 'where to create an Asia base' is a key one. We provide this comparison between two favoured locations: Hong Kong and Singapore.

Emerging Asia, including China, Cambodia, Indonesia, the Philippines, India, Thailand, Vietnam, and Malaysia, is set to remain one of the most attractive emerging market regions over the next two decades. This is due to their favourable demographic profile, strong consumer class development, digital transformation, rapid urbanisation, and technological adoption.

Emerging markets in Asia have outpaced other emerging economies, with India, China, Cambodia, and Vietnam experiencing an annual average of real GDP growth of more than 6% between 2000 and 2020. While the region still has a long way to go to catch up with established countries, we believe that the long-term prospects for developing Asian markets will remain positive as they focus on rebuilding, modernising, and regaining their growth momentum.

To get an overview of the major economic ratings of the emerging markets in Asia, read our guide: https://hubs.la/Q01Nr-k40.

Follow Acclime on LinkedIn to stay informed about various aspects of doing business in Asia.

Over the past few decades, emerging markets in Asia have demonstrated strong and stable growth, increasing macroeconomic flexibility, industrialisation, urbanisation, integration into the global economy, and favourable demographic developments. These advancements offer high-growth opportunities for businesses and investors across the region, despite facing challenges like volatility.

Our guide details the top seven emerging markets in Asia that offer great potential for growth, including Vietnam, Indonesia, and the Philippines: https://hubs.la/Q01NrSXP0. You will also find key considerations for expanding your business in these regions and economic outlooks for each market.

Stay informed on relevant changes and learn more about doing business in Asia by following Acclime on LinkedIn.

Guide To Top Emerging Markets In Asia (2023) | Acclime In this guide, we list the top seven emerging markets in Asia you should pay close attention to if you want to expand into the region.

The rapidly changing digital financial ecosystem can help people in low-income countries break free of poverty and take control of their financial lives

Read more:https://hubs.ly/Q01MsBt10

Follow Acclime to learn more about the business requirements in Asia and stay updated with relevant changes.

Mobile payment revolution is reshaping how Asia does business The rapidly changing digital financial ecosystem can help people in low-income countries break free of poverty and take control of their financial lives. Fintech collaborations now lie at the heart of Asian finance and have the potential to propel regional economies and their people into the future.

As the pricing reset and recalibration across real estate markets gather momentum this year, some markets are well into their journey of price discovery. Markets repricing the quickest, and hence looking like better value, will attract investments in the first half of 2023 while the others may have to wait longer for the investors to return.

Read more:https://hubs.la/Q01LQDFh0

Follow Acclime to learn more about the business requirements in Asia and stay updated with relevant changes.

Repricing Needed in Asia Pacific Real Estate Markets - Mingtiandi Asia Pacific real estate markets which reprice most quickly will attract the greatest amount of investment in the first half of 2023.

Get our view of unfolding situations and stay informed with Acclime Weekly News, where we deliver key insights from markets across Asia.

1. Asia’s economic outlook for 2023
https://hubs.la/Q01LrLfH0

2. P2P Payment Global Market Report 2023
https://hubs.la/Q01LrDHq0

3. Enterprise Artificial Intelligence Global Market Report 2023
https://hubs.la/Q01LrLmf0

Follow Acclime to stay informed about relevant news and business updates for investors.

Are you considering expanding your company internationally? There are two main options you can choose from: establishing a legal entity or employing an EoR.

Incorporating a legal entity can be a good decision if you are planning to establish a permanent presence, directly hire employees and conduct business activities in Thailand. However, if the purpose is just to explore the market, support existing customers or conduct marketing activities, engaging with a EoR provider would be a more suitable choice.

To find out more about which choice is the best option for your business, continue reading our guide on a comparison of incorporation vs EoR in Thailand.
https://hubs.la/Q01KVMV50

Follow Acclime to learn more about the business requirements in Asia and stay updated with relevant changes.

Incorporation Vs Employer Of Record (EoR) In Thailand Every company exploring expanding into Thailand has two options: incorporating a legal entity or employing its staff via an employer of record, depending on how far it is in the process.