Why Bangkok is a renowned business hub

Bangkok, a city of various offerings has risen in stature to become the epicentre of business activities in the Southeast Asian region. Featuring inherent qualities, a progressive economy and an excellent location, Bangkok remains on the cusp of attracting a wider corporate clientele to its shores. If you are considering bringing your business to this part of the world, then here are the reasons that will help you make a well-informed decision.

Strategic location

Geographically speaking, Bangkok finds itself in the heart of Southeast Asia and hence, provides ease of access to a vast volume of markets that members of the business world be eyeing up. Importantly, Bangkok is found in close proximity to leading economies such as for example, China and India. What’s more? Bangkok facilitates seamless and hassle-free business travel experiences through its two airports. Namely, Suvarnabhumi Airport, which is Thailand’s main airport and Don Mueang International Airport, which caters to both domestic and international air travel.  

An economically sound metropolis

Economic diversity underpins the city’s appeal with numerous industries solidifying Bangkok’s position as a thriving commercial hub. Essentially, banking and finance remain one of the main reasons of conducting business in Bangkok on the back of there being plenty of opportunities and potential to tap into and take advantage of. Also, Bangkok is an industry leader in information technology, real estate and healthcare as well.

Local infrastructure is of the highest standard

Fuelling Bangkok’s forward march towards a more prosperous future is its state-of-the-art infrastructure. Travelling within Bangkok is smooth as the city’s public transport system has continued to invest handsomely in resources that have benefitted its expansion. Evidencing this thought is an excellent road network and exemplary public transportation facilities that include the MRT and BTS Skytrain, which combine for stress-free commuting.

A business-minded Government

Over the years, Thailand’s Government has continued to invest in Bangkok’s growth and development and this trend is showing no signs of changing. The country’s leaders have placed a great degree of importance on the business value of the city with a slew of initiatives implemented in order to attract more foreign investment. For example, the Board of Investment and Eastern Economic Corridor (EEC) provide a wide range of incentives to invest. These cover straightforward import and export procedures, tax holidays and the right to own land by a foreign company.

Manageable business operation costs

When compared with neighbouring Asian cities, Bangkok’s cost of living and manageable business operation costs place it as a ‘top of mind’ option. Overall, businesses are better placed to manage their budgets and enjoy higher returns on investment through lower operational costs, affordable real estate and competitive salaries.

Influential startup culture

The city’s startup culture is gathering momentum and drawing in business professionals from across the globe with amazing ease. An increasing number of venture capitalists and entrepreneurs are in the process of incorporating their own startup businesses while attendance at events in the likes of Startup Thailand and TechSauce has literally, skyrocketed. Where you see yourself attending such gatherings, then it would make sense to reserve a favourable mode of accommodation. Consider booking one of the executive suites in Bangkok made available at Avani Ratchada Bangkok Hotel.  

Bangkok promises a balanced and enjoyable lifestyle

In the event you happen to be an expatriate doing business in Bangkok, then you and your loved ones will have plenty of impetus to remain here. This is because part of Bangkok’s appeal is that it provides access to world-class amenities and Thai cultural experiences. With regards to education, Bangkok is home to a range of international schools such as King’s College International School Bangkok and St. Mark’s International School. Furthermore, healthcare facilities are widespread and first-class. On a concluding note, Bangkok lays claim to a host of sightseeing and recreational outings. From the magnificent Grand Palace and free-flowing Chao Phraya River to the well-appointed Central Rama 9 shopping mall, these leisure hotspots will easily take your mind off work and help you revel in the uniqueness, which is Bangkok.