Traveling to the kingdom of Thailand is no longer limited to shopping, tourism, or relaxation purpose only. It is because the Thai economy is now growing rapidly. Therefore, the Royal Thai Government is inviting expats to make investments in various business areas. The Thai government believes in a free and open economy and is popular for its clarity in dealing with foreign investors. Note that, this is one of the primary reasons why foreign investors readily invest in Thailand.
According to a 2019 report prepared by the World Bank, Thailand ranked 21st among 181 countries in the category of easy business performance. Since then, Thai markets have become friendlier and created more opportunities for foreign investments.
Below here we have compiled six compelling reasons why the Thailand market is favorable for foreign investors.
1. Location:
Situated in the heart of Asia, Thailand enjoys convenient and beneficial trading opportunities with India, China, and the members of the Association of Southeast Asian Nations (ASEAN). Furthermore, this helps Thailand expand its business ties, grow its economy and provide better investment chances to expats.
2. Welcoming Thai Government:
Producing crops has been the primary source of livelihood in Thailand. Additionally, recently the manufacturing and digital industries have started to develop rapidly. Therefore, the Thai government is welcoming foreigners to invest in the Thai economy. Note that, through the Board of Investment (BOI), the government offers various tax incentive schemes to its investors.
3. Infrastructure:
Thailand has abundant natural resources improved IT networks, a skilled workforce, and modern transportation and communication facilities. Therefore, this provides the best business and living conditions and indeed attractive investment opportunities for foreigners.
4. FDI Policies:
Foreign direct investment plays a major role in Thailand’s economic development. Furthermore, it is beneficial for both the government and investors. Additionally, investments in the fields of skill development, technology, and innovation enjoy active backing from the government and liberalization.
5. AFTA:
Thailand is one of the founding members of the ASEAN group. Additionally, it is a key developer of the ASEAN Free Trade Association (AFTA) which aims to reduce import duties to zero. Therefore, it is correctly said that Thailand promotes free and fair trade which is a great opportunity for foreign investors.
6. Safe and protected:
Recognizing and respecting international rules like the Paris Convention, The Patent Co-operation Treaty, etc. Moreover, the Thai government has worked towards protecting the global brands registered in its country.
Therefore, such benefits to expats allure them to invest in different markets of Thailand. Note that, Thailand will continue to hold a strong and stabilized position as an important investment destination in South East Asia.
Now, do you need more reasons to justify your action of investing in Thailand? To address all your concerns and meet your requirements for company incorporation in Thailand, we are all set to support you. Therefore, email us your requirements at [email protected].
