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There are plenty of reason why Bangkok is a dream destination for westerners. It is hot, exotic, and home to some of the most breathtaking locations on the planet. No matter where you’re from or what you do, you’re likely to be entranced by this exquisite corner of the world.
However, if you’re looking to set up a company here, there are some things you should know. Currently, American nationals are the only people allowed to own 100% of a foreign business in Thailand. So, for most, the only options are transferring the business over to a trusted Thai associate or using virtual offices to network in the country but not reside there.
Both come with advantages and drawbacks, so it is up to you to decide which option offers you the best opportunities. If you’re interested in virtual offices in Bangkok, read this guide to maximising their potential.
Technology
When operating out of a shared workspace, the importance of secure, reliable data storage increases. While facilities like the Servcorp Bangkok virtual office solutions guarantee fast broadband, without downtime or outages, you still need an efficient way to transfer documents to colleagues, clients, vendors, and suppliers.
Cloud storage programs like Google Drive and Dropbox are particularly good for this because they are simple to use and they support document collaboration. This means that you can upload a file to a shared drive in Thailand and a partner will be able to edit and change it on the other side of the world. Plus, both of these tools are free to download.
Time and Targets
Many entrepreneurs worry about going virtual, because they assume that, without a tightly structured 9-5 day, standards slip. While this is more than possible, you’ve got to remember that you’re in charge of you. If targets are missed, it’s your responsibility. This doesn’t change just because you’re sharing a flexible workspace with others.
The same rules apply to your employees if you’re happy for them to work remotely. Keep in touch, carry out regular performance reviews, and (if possible) use the boardroom facilities in a virtual office to hold a monthly meeting. Talking face to face, even it’s only a handful of times per year, can foster unity and remind remote workers that the standards still apply.
Familiarity
If you choose to work with a specific virtual office provider, it must be because you’ve seen something in them which fits your needs and brand values. So, don’t be afraid to get to know your new work environment. Speak to the staff, chat with the receptionists, and familiarise yourself with the resources on offer.
For example, what happens if you get to the office and you’ve forgotten your laptop charger? Find out if spare charging cables, headphones, HDMI leads, and other essential bits and pieces are kept on site. If you know that you’ll need to use the boardroom regularly, ask which times in the day it is usually available.
Why Going Virtual Is Easier Than You Think
The laws in Thailand can make setting up a business in Bangkok rather tricky. After all, not everybody knows a Thai citizen who’d they’d trust with the legal ownership of their entire company. So, alternative working models can be a better solution.
You don’t necessarily have to set up a company in Thailand. You can use virtual office solutions to spend time there and forge new relationships with clients and investors. Once you’ve drummed up a lot of interest in your overseas business, you can return home and start turning it into great development ideas.
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