Thailand to revamp incentive policy

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Board-of-Investment-ThaiThailand’s Board of Investment has said it will enforce a new investment regime by the beginning of 2015, giving more than 19 months for investors to adjust their investment plans to comply with the upcoming preference criteria.

Investment applications submitted from now to the end of 2014 are subject to incentives under the current zone-based investment policies. The drafting process for the new criteria will be completed in December 2013 with a prospect of implementing it starting with 2015. One goal is to enhance transparency in investment and development processes, the Board of Investment said.

The current investment incentive policy covers all industrial sectors in various zones throughout the country, while the new strategy focuses on 10 targeted sectors including aviation, food processing, hospitality and wellness, infrastructure, logistics, and renewable energy, he said.

New regional clusters will also be created, aimed at enhancing the development of industrial zones, and industries producing non-value-added products and having dreadful environmental records will be gradually reduced.

Despite the 2011 flood crisis, data shows that Thailand remains an attractive location for foreign investment, generating total investment of $18 billion for 747 projects in the first four months of 2013. Investment value surged by 80 per cent and the number of projects by 26 per cent.

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Reading Time: 1 minute

Thailand’s Board of Investment has said it will enforce a new investment regime by the beginning of 2015, giving more than 19 months for investors to adjust their investment plans to comply with the upcoming preference criteria.

Reading Time: 1 minute

Board-of-Investment-ThaiThailand’s Board of Investment has said it will enforce a new investment regime by the beginning of 2015, giving more than 19 months for investors to adjust their investment plans to comply with the upcoming preference criteria.

Investment applications submitted from now to the end of 2014 are subject to incentives under the current zone-based investment policies. The drafting process for the new criteria will be completed in December 2013 with a prospect of implementing it starting with 2015. One goal is to enhance transparency in investment and development processes, the Board of Investment said.

The current investment incentive policy covers all industrial sectors in various zones throughout the country, while the new strategy focuses on 10 targeted sectors including aviation, food processing, hospitality and wellness, infrastructure, logistics, and renewable energy, he said.

New regional clusters will also be created, aimed at enhancing the development of industrial zones, and industries producing non-value-added products and having dreadful environmental records will be gradually reduced.

Despite the 2011 flood crisis, data shows that Thailand remains an attractive location for foreign investment, generating total investment of $18 billion for 747 projects in the first four months of 2013. Investment value surged by 80 per cent and the number of projects by 26 per cent.

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