Thailand is set for an influx of new automotive investments.
fDi Markets' investor intentions module, Investor Signals, has recorded a significant number of multinational companies, especially automotive firms, considering setting up manufacturing operations and headquarters in Thailand. They include German automobile giants BMW, Continental and Audi; German electronics and electrical engineering company Siemens; Japanese automakers Nissan and Toyota; the Japanese electronics firm Hitachi; US-based chemical firm Dow Chemicals and Perodua, Malaysia's second largest automobile manufacturer. The majority already have operations in the country.
According to reports, deputy finance minister Pradit Phataraprasit has encouraged leading US companies to set up their regional operating headquarters (ROH) in Thailand and has proposed new incentives for foreign firms. These include 0% corporate tax for 15 years and a 10% corporate income tax on income in Thailand.