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Despite bouts of political instability, Thailand company incorporation is still acknowledged as one of the best corporate solutions in southeast Asia today. Points to consider with Thailand company incorporation include: |
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| 1. | Thailand is a key member of the Association of Southeast Asian Nations (ASEAN), giving it excellent access to a market of more than 500 million people. |
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| 2. | Thailand is a member of the World Trade Organisation (WTO), which sets the standard for Thailand's investment policies related to Thailand's company incorporation. |
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| 3. | Thailand's abundant natural resources, including oil and gas, and its cost-effective labour force are attractive to foreign investors interested in Thailand company incorporation. |
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| 4. | A 2006 World Bank report said that Thailand was the fourth easiest country in Asia in which to do business, and the 20th easiest in the world. |
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| 5. | A 2005 survey conducted by the UN Commission for Trade and Development (UNCTAD), Thailand, ranked Thailand the third most attractive foreign direct investment (FDI) location in Asia and the ninth most attractive location in the world for the next four years. |
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| 6. | A 2006 survey conducted by the Japan External Trade Organization (JETRO) revealed that Thailand would be the 'optimal location for establishing a production/sales base in the coming five to ten years. |
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| 7. | Thailand actively encourages foreign investment, especially in sectors which contribute to the development of skills, technology and innovation. |
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| 8. | Thailand's Board of Investment (BoI) offers a range of incentives to support Thailand company incorporation, including both tax and non-tax incentives. Tax incentives include: |
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| i) | Exemption or reduction of import duties on machinery and raw materials; |
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| ii) | Corporate income tax relief and exemptions. |
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Non-tax incentives which support Thailand company incorporation include: |
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| i) | Permission to bring in expatriate workers; |
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| ii) | No foreign equity restrictions in the manufacturing sector; |
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| iii) | No local content requirements; |
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| iv) | Permission to own land; and |
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Ability to repatriate foreign currency from Thailand. |
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| 9. | Other incentives/assistance provided by the BoI to support Thailand company incorporation include helping foreign staff of Thai-incorporated companies obtain work visas and long-term visit visas in three hours or less. |
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| 10. | Investors in Thailand are eligible for assistance based on criteria laid down by the BoI. For a project whose investment capital - excluding the cost of land and working capital - is a maximum of US$13.3 million, the criteria are: |
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| i) | The value added is a minimum of 20% of sales revenue. Manufacturers of electronics parts may be exempt from this requirement; |
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| ii) | The ratio of liabilities to registered capital should not exceed 3 to 1 for a newly established project; |
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| iii) | Modern, efficient production processes and equipment must be used; |
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| iv) | Activities must be environmentally-friendly. |
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| 11. | Thailand has relaxed the limits of foreign shareholding in certain sectors to encourage foreign investors interested in Thailand company incorporation. For example, in the manufacturing sector foreign investors may hold a majority of shares |
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Other information |
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For further information on Thailand company incorporation, kindly follow these links: |
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Contact Us |
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For more information on Thailand company incorporation, email email@healyconsultants.com or telephone us at (+65) 6735 0120. |
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Back to Thailand Company Formation page. |
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