Business

Managing a Foreign Business Remotely – A Guide

Many Westerners have relocated to Southeast Asia, particularly Thailand and who could blame them? Escaping the freezing winter to live in an affordable paradise where the cost of living is relatively low. Some do not spend the entire year in Asia, they have business commitments abroad and managing a business remotely is often the only way forward. Digital tech never stops developing and as far as global communication goes, we now have real-time video solutions at very affordable prices.

Business Remotely

Cloud data storage

Only if you have a secure cloud, can you manage your business remotely, you can log in from any location and all key players have 24/7 access and can update files. You can hire local bookkeepers; simply give them access to the data they need and they can work remotely. All businesses should already be on the cloud and if you have yet to transition, contact a local provider of managed IT services and they can design and build a secure cloud network. This is the best way to run a ระบบเงินเดือน. (payroll system in Thai)

Zoom meetings

Managing a business remotely is only possible, largely thanks to VoIP technology; Voice over Internet Protocol sends and receives audio and video data and you can have daily calls with staff members and managers. The main provider is Zoom, while there are other companies with VoIP platforms; rates vary so you should shop around for the best deal.

Work with local agents

If, for example, you have an office in Bangkok, staffing can be a challenge, which is why you should hire a local recruitment agency, an organisation that will ensure you have the best staff working in your office. As they work directly for the agency, you have no employer liabilities. The agency takes all the strain, leaving you free from responsibility, such as collecting taxes and social security. If you are planning to buy real estate in Thailand, read this article.

Remaining fully compliant

Of course, it is critical that you remain compliant with the many rules and regulations imposed on foreign business entities. If you join forces with a Bangkok law firm, they will ensure that all your business responsibilities are met by professionals.

AI-managed business software

Making data-driven decisions sets your business apart from your rivals; customised software that is tailored to meet your specific needs, while AI streamlines your business processes, making your organisation more efficient.

Hire a local manager

You could hire a trainee and spend a month with them, showing them exactly what you do, then when you leave, they will be able to manage things. If you are using a cloud network, cyber security is essential and the provider would have you covered in that respect.

Sumit Kumar Yadav has experience analyzing business and finance of big to small companies. Loan, Insurance, Investment data analysis are his key areas.