About

About me

My name is Alex Chiu, the founder of invesThai. Starting at a young age, I have been traveling around Southeast Asia due to my parents’ work. Among the ASEAN countries, I stayed in Thailand for the longest and naturally developed a deep connection with Thailand. After college, I returned to Thailand to pursue a career in manufacturing industry and joined a foreign company that was about to open a new plant in Thailand. Because of my aptitude in foreign language skills and mechanical engineering background, I was the obvious choice to lead the setup process. I personally, prepared and applied for BOI promotion, purchased land, applied for construction permit, organized contractor bidding, overlooked factory construction project, applied for factory permit, utility permit, developed local supplier and so on. As the factory gradually matured and I accumulated industrial experience from various organizations, BOI and other Thai government officials began to recommend me to assist other foreign businesses to invest in Thailand.

Difficulties in starting a business or factory in Thailand

I have built a factory from scratch myself, so I know very well that the initial stages of building a factory are exceptionally difficult. The foreign businesses I have come into contact with generally encounter the following three problems.

1. Not familiar with Thailand, and don’t know where to start. Most people will seek opinions of other investors that have succeeded in Thailand, however these information are often contradictory or outdated and no longer applicable. Hesitation and decision paralysis can lead to delays in investment, and blindly listening to others may lead to being deceived or unknowingly break the law.
2. Poor communication with translators. Usually, the translators hired by foreign companies do not understand the steps for foreign companies to set up factories and do not understand the proper jargon of the industry. During the meeting, the translators themselves have to first comprehend the concept or procedure in Thai first before even thinking about translating to the foreign owner. With this setup, both the accuracy and time efficiency of translation are greatly compromised.
3. Even if you spend a lot of money to hire professional accountants and lawyers to help, the results will be limited. Accountants specialize in financial statements, annual accounting reviews, and etc. Lawyers specialize in legal consultation, litigation, and etc. In fact, these two types of companies usually don’t know much about the details of foreign companies building factories or have any actual hands-on experience in setting up a FDI or BOI promoted company.

About invesThai

While assisting many foreign owned businesses, I have realized that I enjoy helping other who are dealing with the stress of starting a company in Thailand. Whenever I see my clients whom I helped build the factory finally start production as scheduled after all the hard work, I felt fulfilled and have a great sense of accomplishment. In order to serve more clients and solve the above problems encountered by foreign investors, I launched the invesThai platform. The services include three major categories: BOI application, land purchase and factory setup consulting. With my fluent English and Thai language skills, engineering background and experience in building companies and factories from scratch, I can help foreign investors like you overcome various difficulties and get you operational in the shortest possible time. Whether it is providing free online investment guides or consulting services, I believe that the information and services I provide can be a strong anchor for your venture in Thailand.