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Real estate market experts believe that Thailand’s economic development will enable it to become a base for an increasing number of offices of foreign companies seeking to invest in the development of the ASEAN region, in anticipation of strong growth expected in 2015. CB Richard Ellis (Thailand) Managing Director Alisawasa Pattanathabutr told The Nation that …

The Office Real Estate Market Is Set for Significant Growth in the ASEAN Region Read More »

The Department of International Trade Promotion under Thailand’s Ministry of Commerce expects export shipments in the second quarter of the current year to increase by at least 5%, ensuring an annual export growth of 15% as planned. Exports rose by 0.91% in March after declining by 2.4% during the first two months of 2012. Department …

Thailand’s Ministry of Commerce Releases Data Read More »

There are several types of industrial real estate in Thailand suitable for foreign investors and companies. It is important to understand the specifics of each type as well as the legal restrictions involved. Legal Aspects of Land Ownership by Foreigners Under Thai law, land can only be purchased by Thai companies or companies in which …

Types of Industrial Real Estate in Thailand Read More »

Investment incentives provided by the Industrial Estate Authority of Thailand (IEAT) Legal incentives for enterprises located in industrial zones Investment incentives provided by the Thailand Board of Investment (BOI) The Board of Investment provides investment promotion incentives to legally qualified enterprises. Incentives vary geographically across three main zones: Government Incentives for Investors in BOI Investment …

Investment Incentives of the Thai Government Read More »

The Role of the Board of Investment (BOI) The Board of Investment (BOI) is a Thai government agency responsible for granting incentives and providing services to investors in order to stimulate investment inflows into Thailand. The BOI is authorized to offer a wide range of financial and non-financial incentives and guarantees for investment projects that …

Thailand Board of Investment (BOI) Read More »

Southeast Asia today is a rapidly developing region with high economic potential. It is home to countries that many experts predict will take leading positions on the global stage in the future. Particularly fast-growing and stable economies are often referred to as the new Asian “tigers”: Indonesia, the Philippines, Malaysia, and Thailand. Thailand is a …

Thailand Economy Overview Read More »

The banking and financial sector of Thailand consists primarily of domestic and foreign commercial banks. Foreign banks are allowed to operate only within limited scopes, which restricts their ability to compete with Thai banks. Following the 1997 financial crisis, several foreign banks acquired stakes in Thai commercial banks that have branch networks across the country. …

Banking System of Thailand Read More »

Foreign currency may be brought into Thailand in unlimited amounts. Recipients of foreign currency must either exchange it into Thai baht or deposit it into a bank account. When exchanging or depositing amounts exceeding USD 20,000, it is required to complete a Foreign Exchange Transaction Form (Thor Tor 3) in order to obtain a certificate …

Foreign Currency Read More »

Manufacturing is a serious business. The larger the production, the more complex the business becomes—and, accordingly, the more time and effort it takes to establish.Does this rule apply to Thailand? When it comes to building and launching a factory within an industrial estate, the size of the facility affects only the actual construction timeline, not …

Building a Factory from Scratch Read More »

Branch of a Foreign Company A foreign company may establish a branch to conduct business in Thailand. However, there are several reasons why incorporating a Thai company may be a more preferable option than opening a branch: Representative Office of a Foreign Company A foreign company may establish a representative office in Thailand to engage …

Forms of Business Organization — Foreign Companies Read More »