Thailand enjoys a strategic location at the heart of Asia-Pacific – home to the fastest growing economies. Thailand serves as a gateway to Southeast Asia and the Greater Mekong sub-region, where newly emerging markets offer great business potential. From Thailand, it is convenient to trade with Japan, Korea,China, India, ASEAN countries as well as Australasia.
Thailand has been an active supporter of trade liberalisation both multilateral and bilateral. Thailand strives for further multilateral trade liberalisation. Thailand has concluded FTA with Australia, Japan, China, India and in is the process of negotiation with the US, Bahrain, EFTA, Peru, Hong Kong, Mexico, South Africa and Canada. Thailand as part of ASEAN Free Trade Area (AFTA) becomes also part of the FTA between the latter and Japan, Korea and China. AFTA also pursues FTAs with India, Australia, New Zealand and the EC. The close economic integration enables Thai manufacturers and investors in the country an access to most of the largest markets in the world.
Growing industries, modern infrastructure, talented and skilled workforce, deluxe living, stable and consistent investment-friendly policy are not the only reasons for investment in Thailand, The Board of Investment offers attractive incentives to non-tax and tax incentives such as follows:
- Land ownership rights for foreign investors
- Facilitation in bringing in experts and technicians
- Up to 8 years of corporate income tax holiday
- Machinery and raw material import duty reduction or exemption
- Other business support services
For more information, please contact the BOI website here. Link