Anticipating the opportunities and challenges of its economy’s transition into the ASEAN Economic Community, Thailand has overhauled its approach to public-private partnerships (PPP) to encourage both greater participation by government agencies and private investors and PPP development in areas that will lead to the more efficient...
Investors with adaptable business plans will find that establishing or expanding their business in one of Thailand’s recently designated special economic zones (SEZs) will allow them to assemble the most valuable package of governmental incentives.
Thailand’s Board of Investment (BoI) was established to promote investments by foreign and local investors in economic activities that will benefit its people. It has promoted a very broad range of investments. In 2015 the BoI implemented a substantial re-think of the purpose and scope of its efforts to attract foreign direct investment...
In 2015, Thailand introduced two new programmes to help make it an economic hub of Asia and boost its competitiveness under Royal Decrees No. 586 and 587: the International Headquarters and International Trading Centre.
Several key initiatives have been introduced in the past year to promote the development and growth of Thailand’s economy. Attractive tax incentives are offered to investors that partake in these initiatives and should play a significant role in their success.
The major taxes imposed in Thailand are:
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