Thailand’s economy is the 2nd largest in Southeast Asia and 9th largest in Asia. It is ranked 26th in the Global GDP ranking. So, there are a lot of opportunities for entrepreneurs to invest in Thailand. As a foreigner, you can invest in several business sectors. To make it more profitable, you have to choose high-growth sectors.
We would like to make the filtering process easier for you. That’s why we’re here to introduce you to the 7 High-Growth Sectors for Foreign Entrepreneurs in Thailand. Business owners and entrepreneurs can benefit by investing in those growing sectors. You just need to register a company in Thailandto get access.
It’s also important to know the cost of company registration in Thailand for foreigners. S & F CONSULTING FIRM CO. LTD is available to assist you.
Top 7 High-Growth Sectors for Foreign Entrepreneurs in Thailand
- Value-added manufacturing
- Baby Care Industry
- Food Catering business
- Courier Service
- IT Sector
- Tourism
- Real Estate Business
1. Value-added manufacturing
Around one-fourth of Thailand’s GDP comes from the manufacturing sector. Value-added manufacturing is a high-growth sector for foreign Entrepreneurs in Thailand. The infrastructure is also suitable for the manufacturing industry. Would you like to know How to start a business in Thailand for foreigner?
Alongside this, you can easily register a company in Thailand with the help of S & F CONSULTING FIRM CO. LTD. Electronic equipment, automotive parts, and integrated circuits are some examples of value-added manufacturing. You have to find out the market demand and offer the value to fulfill the demand.
2. Baby Care Industry
Demands are growing for the baby care industry not only in Thailand but also globally. Thailand’s childcare services market generated a revenue of USD 4,736.0 million in 2024. As a foreign entrepreneur, you can consider investing in the high-growth sector.
You can start a business of baby care products, toys, dresses, and other baby items. There are fewer restrictions for toys and other recreational items. Overall, this is one of the High-Growth Sectors for Foreign Entrepreneurs in Thailand.
3. Food Catering business
The food catering business sector is just booming in Thailand. You may overlook the potentiality of this sector at first glance. The market size of the food service industry in Thailand is estimated at approximately USD 32.85 billion in 2024.
It is expected to reach around 50 billion by 2029. Would you like to invest in this growing sector? You can contact S & F CONSULTING FIRM CO. LTD to learn about how to open a company in Thailand for foreigners.
4. Courier Service
It could be a great decision for foreign entrepreneurs to open a logistics company in Thailand. Then, you can provide courier services. Different types of businesses are growing in Thailand including online businesses. Lots of opportunities are available for courier services.
If you can ensure timely delivery at competitive rates, you can acquire a lot of customers. Also, chances are high to get repeat customers. You can start a business for delivering foods, e-commerce products, groceries, gift items etc.
5. IT Sector
Fast internet is easily accessible in Thailand. There has been a superb improvement in the technology sector. Bangkok is considered a leading tech hub in Asia. Investing in the IT sector as a foreign entrepreneur in Thailand will be a great business initiative.
You can consider investing in data centers, cloud services, digital economy initiatives, online startup ecosystems, e-commerce, the semiconductor industry, artificial intelligence (AI) development, and cybersecurity services. Massive business growth opportunities are available.
6. Tourism
During the COVID-19 pandemic, almost all countries had to face challenges in the tourism industry. Thailand also had to go through a challenging phase. The good thing is that the tourism sector in Thailand has recovered brilliantly. Tourists have again found their interest in visiting Thailand.
In 2024, more than 35 million international tourists visited Thailand. It is more than the target set by the Thai Government to attract international tourists. So, this is a growing sector among 7 high-growth sectors for foreign entrepreneurs in Thailand.
7. Real Estate Business
Real Estate is an evergreen business sector. People will always need places to live, work, and invest. The economy of Thailand is growing at a decent pace. There will definitely be a need for land. You can invest in the real estate business as a foreign entrepreneur in Thailand.
In 2023, Thailand’s real estate market was valued at approximately USD 2.47 trillion. The Residential Property Price Index for single-detached houses in the Bangkok metropolitan area increased by around 2.41% every year. You can benefit by investing in this sector.
Wrap Up
The growing economy and strong infrastructure is perfect for foreign entrepreneurs to start a business in Thailand. You can consider any of those 7 high-growth sectors for foreign entrepreneurs in Thailand to start your business.
Before making the final call, you should research the market and try to fill the gap that existing competitors are missing. You should make an informed decision to make your business successful. Don’t hesitate to contact S & F CONSULTING FIRM CO. LTD for any sort of business formation consultation.
FAQ
What are the top sectors in Thailand?
A. Tourism, manufacturing, agriculture, and services are the top economic sectors in Thailand. Those sectors have the highest contribution to Thailand’s economy. If you want to invest in top sectors in Thailand, you can consider those 4 sectors.
What is the best investment for foreigners in Thailand?
A. Buying and selling properties in Thailand could be the best investment for foreigners in Thailand. Besides, opportunities are high for catering Business. Import and export businesses are another great investment option for foreigners in Thailand.
Which business is most profitable in Thailand?
A. Tourism, real estate, e-commerce, digital services, and the food and beverage industry are some of the most profitable businesses in Thailand. You can start those businesses as a foreigner. S & F CONSULTING FIRM CO. LTD will help you in setting up a company in Thailand.
Can foreigners own 100% of a business in Thailand?
A. You have to get the FBL Foreign Business License to own 100% of a business in Thailand as a foreigner. But some businesses are restricted for foreigners to own 100%. There needs to be at least 51% ownership of a Thai national.
How much do I need to invest in Thailand to get PR?
A. You need to invest at least USD 1 million in assets to get PR in Thailand. Also, you should have a personal yearly income of a minimum of USD 80,000 for the past two years.
Which business has the highest ROI in Thailand?
A. Baby care, catering business, delivery business, digital marketing, driving school, import and export business are profitable in Thailand with growth opportunities. From those businesses, you can get the highest return on investment.