There are quite a few software companies in Thailand. I know a guy with 100+ local staff building iOS software. The problem with doing business in Thailand is t

There are quite a few software companies in Thailand. I know a guy with 100+ local staff building iOS software. The problem with doing business in Thailand is the foreign ownership laws (you can't own your company or the building it's in) and the amount of bureaucratic red tape. The rising cost of living is also making Thailand less attractive. I've read it's on par with Chicago now. I'm not sure how that's measured but I could certainly live comfortably in Chicago for what I spend in a month here. Import taxes are outrageous. I paid 150% for my car. I used to run a company in Thailand (not tech) but now I just live here and run a company offshore. I've become pretty negative about the place with all of its idiosyncrasies and don't think I'd set up another company here. I've currently got my eyes on HK. Friends of friends have established several business hiring locals (though not purely tech companies) there. Everything I've heard is that it's straightforward to get setup there. It's also easy to stay there with the various visa programs they have in place.