Apparently, the reasons can be ample for the foreign investors to come to Thailand for investments. What’s yours? Primarily, Thailand has a comfortable climate, availability of resources and facilities. Additionally, Thailand offers some great privileges to foreigners.
Let’s have a look why foreign investors prefer Thailand more:
1. FDI Policies
Foreign businesses in Thailand that contribute to the development of technology, skills, and innovations are promoted by the government.
2. Incentives for Foreign Investors
The Board of Investment in Thailand offers a wide variety of tax incentives, support services and import duty exemptions to the foreign investors.
3. Growing Economy
Firstly, steady growth, domestic consumer market, and strong exports characterize Thailand. Secondly, the country is brimming with abundant natural resources and cost-efficient workforce. However, these days, you can get access to seven major international airports. Moreover, you can enjoy 4G/Wi-Fi access all throughout the country.
4. Relatively Low Wages
Typically, the daily wage differs according to the skill and experience. However, when compared to other, they are quite low as the starting salary is $8.5 for most laborers.
5. Way to Asia
Thailand is nestled in a strategic location, offering a convenient trade with China, India, and ASEAN countries. Additionally, it is a gateway nation for foreign investors to a great part of Asia.
6. Easy Process to Set Up Your Business
- Get Your Business License: Prior to submitting documents for registration, you must provide a proposed name for your company. However, that should not match with any other registered business’ name.
- Hire Employees: You will find many qualified employees for the company, so you need not worry about recruitment
- Visa and Work Permit: You must register your company with the Department of Business Development to obtain a necessary visa as well as a work permit.
- Tax Registration: You must get a tax I.D. card and number from the Revenue Department within sixty days of inception of the business.
7. Corporate Governance
Thailand exercises a strong corporate governance to ensure transparency and accountability.
