Why Invest in Thailand?
Updated on Monday 06th February 2017
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The key to successful investment is knowing the business environment of a country. The main reasons why entrepreneurs find it profitable to invest in this country are exposed below by our company registration consultants in Thailand:
1. Government incentives and support
The Thailand Board of Investments offers entrepreneurs plenty of tax incentives, support services and import duty exemptions or activity reductions which meet the objectives of the national development. Businesses that enjoy investment promotion privileges from the Board of Investment are not subjected to foreign equity constraints in certain industries and there are no local content conditions and no export conditions, as the investment system is in total compliance with World Trade Organization (WTO) regulations.
2. Centre of ASEAN
A key reason why one should invest in Thailand is because it is one of the founding members of ASEAN and played an important role in the formation and development of the ASEAN Free Trade Area (AFTA). AFTA was enforced in 2010 for the six original ASEAN members (Thailand, Singapore, Malaysia, Indonesia, Philippines and Brunei) having as main result the reduction of import duties to zero.
Thailand has been a promoter of free and fair trade, being chosen as a production location by leading international corporations because of different free trade agreements it offers. Our Thai company formation professionals can provide further information on this matter.
Thailand is located strategically, being a gateway to the center of Asia, which is another important reason why entrepreneurs choose to invest in Thailand. The country also confers profitable trade with China, India and the countries which are part of the Association of Southeast Asian Nations (ASEAN) and quick access to the sub-region of Greater Mekong, where newly developing markets offer high profit potential.
The country is conveniently located at the crossroads of Asia, with quick access to the dynamic markets of the area, as well as its own domestic consumer market of around 67.9 million inhabitants.
4. Rising economy of Thailand
The economy of Thailand is characterized by stable growth, robust exports and an exciting domestic consumer market. It takes advantage of rich natural resources and a qualified and cost-effective work force, which are also important reasons why one should invest in Thailand. In case you have decided to start a business in this country, our experts in company registration in Thailand can be of great help.
5. Thailand - a great country to live in
Thailand has won a strong reputation internationally for its welcoming culture. The friendliness of its people and vast Thai culture make guests feel at home and safe here. It has beautiful places and certainly low cost of living, making it an attractive destination for investors from all over the world.
If you would like to open a company in Thailand, we can help. Please contact us.