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). […]
Thailand Plus Package for better Investment Opportunities in Thailand
To encourage and expedite more foreign investments in Thailand, the Board of Investment has announced new investment promotion policies. As of September 2019, the BOI announced a new package covering comprehensive measures with investment acceleration incentives, fiscal measures supporting STEM manpower development, deregulation, and improved pre and post-investment services. The Thailand Plus Package, it majorly […]
SDG Initiatives influencing Foreign Direct Investment (FDI) in Thailand
The Thai government has always maintained a balance of power in its local economy while on the other hand it has also opened gates for foreign investments. Starting a business in Thailand in spite of being a non-Thai is surely rewarding as in 2020, Thailand entered the top 25 positions in the FDI confidence. Even […]
Thailand’s Plan to Sustain Growth for the Decades to Come Post Covid-19
We all know how hard Covid-19 has hit countries worldwide and Thailand is no exception. The only thing is that Thailand could contain the pandemic smartly much earlier. To support the declining economy post-Covid, the government distributed cash handouts to the citizens who were majorly affected by the disruption and those in vulnerable sectors like […]
5 Steps to Start a Healthcare Business in Thailand
Thailand is rapidly growing to be a leading healthcare and wellness tourism nation in southeast Asia. With almost a 7% assured CAGR, this industry is constantly attracting foreign entrepreneurs to roll their dollars in Thailand. Do you want to start a healthcare business in Thailand? Your healthcare business set-up process is explained below in 5 […]
These Business Entities Can Open IT Set-up for Consulting Business in Thailand
Below are the entities that you may consider to establish your IT consulting business in Thailand; Thai Limited Liability Company To start a Thai limited liability company there should be a minimum of 3 shareholders and 1 promoter. Thai BOI Company Companies receiving BOI approval are exempted from the need to have a foreign […]
This is the Time for You to Invest in Thai Exports!
The Department of International Trade Promotion says exports in Thailand will gradually expand in 2021. The prediction has been made based on the economic recuperation worldwide and also the availability of the Covid-19 vaccine. The director-general Mr.Somdet Susomboon, added to this that the exports will be a growth by 4% by 2021’s end and will […]
