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The iCon Group Scandal Highlights the Dangers of Pyramid Schemes in Thailand’s MLM Landscape

As Thailand continues to attract tourists, expats, and digital nomads, understanding the risks within its business landscape is essential, especially concerning multi-level marketing (MLM) and pyramid schemes. The recent scandal involving The iCon Group has brought significant attention to these business models, prompting a closer examination of their practices. The iCon Group Scandal: A Case…

ByThaiCyclopedia17 October 20240Comments

Business

Understanding Thai Labour Laws: A Guide for Employers

Starting a business in Thailand is an exciting venture, but it's crucial to understand the local labour laws to ensure smooth operations and legal compliance. Let's dive into the key aspects of Thai labour laws that every employer should be aware of. 1. Employment Contracts Employment Contracts. Photo: Shutterstock In Thailand, employment contracts can be either written…

ByThaiCyclopedia24 June 20240Comments

Business

E-commerce Expansion: Harnessing Thailand’s Growing Online Market for Foreign Businesses

Thailand's e-commerce market is on a meteoric rise, creating a fertile ground for foreign businesses to expand their online presence. With a blend of supportive government policies, an expanding digital economy, and a tech-savvy population, Thailand is becoming a hotspot for e-commerce. However, entering this market requires a deep understanding of its unique characteristics and…

ByThaiCyclopedia29 May 20240Comments

Business

Thailand’s Startup Ecosystem: Opportunities and Challenges for Foreign Entrepreneurs

Thailand beckons with a dynamic startup ecosystem brimming with opportunities yet beset by challenges that demand strategic navigation. As the country aims to be an innovation hub in Southeast Asia, Thailand offers a gateway for foreign entrepreneurs looking to tap into an emerging market with vast potential. This guide will walk you through what you…

ByThaiCyclopedia22 May 20240Comments

Business

Thai Franchise Opportunities: A Gateway to Business Ownership

Thinking of starting a franchise business in Thailand? Franchising offers a well-established business model with reduced risk, strong brand recognition, and ongoing support from the franchisor. Thailand, a Southeast Asian economic powerhouse, boasts a thriving franchise market that attracts global investors and entrepreneurs. This guide delves into the exciting world of Thailand franchise opportunities, helping…

ByThaiCyclopedia20 May 20240Comments

ThaiCyclopedia

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