Doing Business in Thailand is now Easier, says World Bank!
The Royal Thai Government is targeting to elevate Thailand’s ranking on the Ease of Doing Business (EODB) scales of the World Bank. The government has set an ambitious goal of reaching among the top 10 positions by 2022. This is a call for an extended support and cooperation from government level in facilitating business registration […]
Operations and Expansion Rules for Manufacturing Businesses in Thailand
The Factory Act of 1992 is the key set of regulations for setting up manufacturing businesses in Thailand. The act governs all activities related to the construction, operations, and expansion of any manufacturing unit along with setting safety standards. This article intends to explain the legal framework governing the operations and expansion of manufacturing businesses […]
BOI Thailand speaks on Investment Opportunities in 2021
The Thailand Board of Investment (BOI) Secretary General is advising investors to concentrate on increasing competitiveness and quality through automation and human resource development. They can do so by taking advantage of the main promotion initiatives open to them, in order to prepare for the anticipated economic recovery and creating investment opportunities in 2021. “We […]
What Makes BCG Model Important for Your Business in Thailand?
Bio-Circular-Green or BCG Model is one of the concepts which is attracting great attention and focus of the Royal Thai Government and Board of Investment of Thailand. This makes a point that if you are planning to start your business in Thailand, orient it towards the BCG Model to attain greater advantages. To guide you, […]
How BOI Thailand is promoting Food Industry for BCG?
Agriculture and tourism have been the major sources of revenue for Thailand’s economy for a long time. The awareness towards the development of the Bio Circular Green (BCG) Economy has increased on a global level. Therefore, BOI Thailand is seriously looking forward to its development. With the 5-year strategic plan announced by the Thai Prime […]
Importance of BCG Economy Model for Foreign Business in Thailand
The COVID-19 pandemic has created a great impact on the global economic growth and development patterns and Thailand is also not any exemption. Leading economies of the world has witnessed setbacks and are in the quest of gaining avenues to recover from the loss. Interestingly, the Thailand Board of Investment adopted a brilliant strategy of […]
BOI Thailand promoting BCG Economy Model for Economic Growth
According to Krung Thai Compass, the leading financial organization of Thailand, the country needs to invest at least 820 billion baht within the next 5 years. It is to promote, implement and execute its initiatives, policies, and schemes of the bio-circular green (BCG) economy. On the other hand, BOI Thailand has the intent of implementing […]
Collaboration between Japan and Thailand Board of Investment
The Thailand4.0 initiatives, strategies, and operational framework! Due to this, the Royal Thai Government always focuses on a sustainable economic and social development plan with greater emphasis. It is quite obvious that it is the financial stability of a nation that can define solidarity of the socio-economic sustenance and development. This can be one of […]
Invest In Thailand to Benefit from New Economic Strategy
The new economic strategy of Thailand tends to be more “green” and addresses “overpopulation,” implying a policy shift from the first junta government led by the PM, as well as the early months of this government when steps to raise the country’s birth rate were announced. The new plan, which is based on Thailand’s 4.0 […]
Amity Treaty Making Business Easy for Americans in Thailand
In spite of the Thai Foreign Business Act (FBA), passed in the year 1999, the US-Thai Amity treaty makes it a bit favorable for the Americans. The FBA prohibits any and all foreigners from setup any business unit in Thailand without the possession of a valid Foreign Business License (FBL) or Foreign Business Certificate (FBC). […]
