There are many reasons why Thailand is an intelligent choice for the investor. For example the country has strong business ties with China and has an excellent infrastructure as well as world-class facilities in many resort towns.
Thailand’s property is far cheaper than other countries and an increase in overseas interest in property purchase has helped to create an economic recovery and constant growth in Thailand. The Rental potential in Thailand is great, due to increased government spending luring growing numbers of tourists. Lastly, no capital gains tax for private investors, and low ongoing taxes.
Gateway to Asia
Thailand enjoys a strategic location at the heart of Asia home to what is regarded today as the largest growing economic market. Thailand serves as a gateway to Southeast Asia and the Greater Mekong sub-region, where newly emerging markets offer great business potential. From Thailand, it is convenient to trade with China, India and the countries of the Association of Southeast Asian Nations (ASEAN), which has a cumulative population of more than 500 million
The country’s well-defined investment policies focus on liberalization and encourage free trade. Foreign investments, especially those that contribute to the development of skills, technology and innovation are actively promoted by the government. Thailand consistently ranks among the most attractive investment locations in international surveys, and a 2006 World Bank report indicated that Thailand was the 4th easiest country in Asia in which to do business, and the 20th easiest in the world.
Government support and incentives
Numerous government agencies support investors.
Through the Board of Investment, the government offers a range of tax incentives, support services and import duty concessions available to an extensive list of businesses that are regarded as priority or promoted activities.
Through the Board of Investment, there are no foreign equity restrictions in the manufacturing sector, no local content requirements, and no export requirements, as Thailand’s investment regime is in total compliance with WTO regulations. The Board of Investment also coordinates the activity of the One-Stop Service Center for Visas and Work Permits, which enables foreign staff of BOI-promoted companies to obtain work permits and long-term visas within 3 hours or less.
Other government organizations, like the Department of Export Promotion, and international chambers of commerce, provide invaluable support and a host of other important services.
Education and healthcare services
Thailand’s educational standards are accepted by many international examining bodies, while its universities are outstanding in many fields. A great number of international schools and colleges offer world-class education.
In terms of healthcare, the country has developed a good reputation globally, due to its internationally qualified doctors and medical staff, and modern facilities and equipment. It is so good that one of the fastest-rising tourism sectors is medical tourism, with international patients visiting Thailand to take advantage of Thailand’s world-class and extremely affordable health care system.