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 […]
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 […]
How to Ensure an Authentic ISO Certificate in Thailand?
We have previously come across many clients worldwide who have had fake ISO Certificates without them knowing about it. And trust me the percentage of such certificates is really upsetting. Thankfully, Thailand government has strict regulations and you will only find less than ten certified bodies, accredited by NAC or the National Accreditation body. In […]
Do You Need to Register for Social Security System in Thailand?
Is your company having one or more employees? You need to register for Social Security System in Thailand. For this, you have to register your social security fund at the Social Security Office. For this, you have to register the employees or the insured person in a social security system in Thailand. Your employee may […]
You Just Ensure These and You Get to Open a Branch Office in Thailand!
Open a Branch Office in Thailand! Recently, my inbox is full with inquiries about open a branch office in Thailand. And most of them are from multinational companies. While it gives me the joy to learn that so many entrepreneurs, both established and aspiring, are showing interests in Thailand’s business ecosystem, it equally laden me […]
