A centre of global commerce nestled in the heart of south-east Asia, Thailand offers the savvy foreign investor a wide range of benefits and opportunities, including a liberal and business-friendly economic environment, social and political stability, and a warm, inviting and foreigner-friendly people.
Add to these attractions Thailand’s supportive government policies, a young, efficient and cost-effective workforce and its well-established supporting industries, and the success stories abound.
Many corporations are enjoying Thailand as a hub for their global and regional exports, and are benefiting from its rapidly expanding domestic market of 64 million active consumers. Together with Thailand’s regional and sub-regional economic linkages, the market potential expands upwards to 550 million people. And as the economic commitments under the Association of Southeast Asian Nations (ASEAN) Free Trade Area (AFTA) and the other sub-regional or bilateral cooperation arrangements are fulfilled, goods, investments and services will flow even more freely and briskly.
Through Thailand’s deep-sea cargo ports with their 5 million TEU capacity, one of the seven international airports, or the soon-to-open Suvarnabhumi International Airport, handling an initial cargo capacity of 3 million metric tons and servicing 45 million passengers, Thailand’s goods and services span the globe. Opportunity continues to meet success, as exports in the first quarter of 2006 surged ahead by more than 17%.
It is no wonder that 325 of the world’s largest corporations ranked Thailand among the top three foreign direct investment locations in all of Asia, and ninth in the world, in
last year’s survey by the United Nations Conference on Trade and Development.
Thailand consistently leads the way in attracting investment. It should equally be noted that the automotive industry in Thailand, which already ranks 14th in the world, is expected to continue at full throttle towards becoming one of the world’s top 10 auto producers by 2010.
In the electrical and electronics industry, Thailand has emerged as the world’s largest manufacturer of hard disk drives apart from being ASEAN’s white goods production and export hub for multinational corporations. Similar successes are unfolding in agro-industries, fashion, alternative energy and high value-added services, all of which are ready to accommodate additional investment.
Support to investors
To support the needs of foreign investors, the BOI has a wealth of information available online and in six languages, and offers a wide range of incentives to its clientele. These include corporate income tax and import duty exemptions, along with non-tax incentives.
From the largest of the transnational corporations to small and medium-sized enterprises, the BOI is here to assist the foreign business community with its investment needs and concerns. Please call, or visit online at www.boi.go.th. We look forward
to assisting you.
THAILAND BOARD OF INVESTMENT
555 Vibhavadi-Rangsit Rd,
Chatuchak, Bangkok 10900, Thailand
Tel: (662) 5378111 Fax: (662)5378177