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Wednesday, May 1, 2024

Thailand wins 2nd place ‘Best country in the world’ to start a business in 2023

On September 9, 2023, the Royal Thai Embassy in Washington DC (Royal Thai Embassy, ​​Washington DC) posted via Facebook that Thailand is ranked 2nd out of 85 countries in the list of best countries to start a business in 2023 by US News and World Report.

which in the report states that Factors that will make the company successful You must consider the location of starting a business. Principles for choosing a location Will be evaluated based on 5 factors as follows:

  1. reasonable wages
  2. open bureaucracy
  3. Low production costs
  4. Ability to connect with different countries of the world
  5. Easy access to funding sources

From a global survey of more than 17,000 people involved in business, it appears that the top 10 best countries to start a business in 2023 are:

  1. India
  2. Thai
  3. China
  4. Mexico
  5. United States of America
  6. Philippines
  7. Vietnam
  8. Brazil
  9. Malaysia
  10. Spain

It can be seen that Thailand ranks second in the championship. ‘Best country in the world’ for starting a business in 2023, second only to ‘World’s best country’ for starting a business in 2023 India among the top 10 best countries to start a business There are 6 countries in Asia and 4 countries in the ASEAN group.

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