BOI EDI Thailand

Thailand is a great choice for an investor and we will try to establish the reasons why looking at Thailand is an intelligent choice

• Thailand has strong business ties with China and has an excellent infrastructure as well as world class facilities in many of the tourist areas.
• In 2006 a survey was conducted by the Japan External Trade Organization (JETRO) and it pointed out that Thailand was the “most optimal location for establishing a production/sales base in the coming 5-10 years.”
• Thailand has quality international schools located in many regions.
• Thailand has an excellent health care system.
• No capital gains tax for private investors, and low ongoing taxes.
• Thailand is known for its friendly cooperative people.
• Thailand boasts the largest growth market in Asia.
• Property is less expensive in Thailand than any other Asian country.
• An increase in offshore attention in Thailand property purchase has helped to create an economic recovery in Thailand.
• Thailand has recently attracted a great deal of foreign investment. It is one of the Asian economic leaders and is one of the fastest-growing economies in the area.
• Thailand is one of the cheapest places to fly to in Asia.
• Rental potential is great, due to increased government spending luring growing numbers of tourists.

Gateway to Asia

Thailand is strategically located at the heart of Asia and is home to what is regarded today as the largest growing economic market.

On Thailand’s door step and Thailand being regarded as the gateway to Southeast Asia and the Greater Mekong sub region (which comprises of Cambodia, Laos, Myanmar, Vietnam and the Yunnan Province of China), India, China and the countries of the Association of Southeast Asian Nations (ASEAN), of which there is a combined population of more than five hundred million people. Some of these new emerging markets offer great business potential for companies operating out of Thailand. Additionally, operating from Thailand, it is convenient to trade with the largest of the booming economies in China and India.

ASIAN

The ten ASEAN member nations are all party to the ASEAN Free Trade Area (AFTA), meaning that all Thai manufactured products come under the free trade agreement. The ASEAN is home to more than half a billion people, GDP in excess of US$700 billion and intra-ASEAN trade of more than US$1 trillion per year. Thailand has very close economic ties with the nations belonging to the ASIAN.

Politically and Society

Thailand is a welcoming Buddhist country. The country’s form of government is a constitutional monarchy that allows the democratic process and reforms. This is balanced with the Thai people’s peace loving nature. Amongst the Thai people, there is a high reverence for the Thai Monarchy, and the devotion to the teachings of Buddhism. While the vast majority of the people in Thailand are Buddhist, all religions are welcome, and His Majesty the King is the patron of all religions.

Economy

Economically, Thailand is a country of 64 million people is characterized by steady growth. Thailand has abundant natural resources and a skilled and cost effective work force that helps attract foreign investment and enables Thailand to prosper.