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Thailand Board of Investment
www.boi.go.th
THAILAND
WHY
AEC
Asia & Oceania
Strategically located at the heart of Asia, Thailand aptly serves investors as a dynamic
gateway to a f...
ATTRACTIVE
HOST COUNTRY
WORLDWIDE
CONNECTIONS
Thailand has demonstrated remarkable economic progress experiencing foreign
...
Thailand has signed free trade agreements (FTA) with numerous trading partners
worldwide, to reinforce its commitment to f...
STRONG ICT
INFRASTRUCTURES
AFFORDABLE
OFFICE SPACES
Thailand provides its citizens with 100% mobile network coverage by us...
FIRST-CLASS
INDUSTRIAL ESTATES
WORLD-CLASS
AIRPORTS
We now have approximately 70 well-developed industrial estates includi...
WORLD-CLASS
DEEP-SEA PORTS
HUB OF REGIONAL
ROAD CONNECTIVITY
Thailand has numerous deep-sea ports located along the Pacifi...
RAIL SYSTEMS AND
MASS TRANSIT
More than 4,000 kilometers of railway lines connect the various regions of Thailand.
Plans a...
QUALITY LIFESTYLE
Expat Experience
Thailand has gained fame as the best place for expats who
seek an improved quality of l...
BOI AT YOUR SERVICE
As the principal government agency for encouraging investment, Thailand’s Board of
Investment (BOI) is...
CONTACT US
HEAD OFFICES
OFFICE OF THE BOARD OF INVESTMENT
555 Vibhavadi-Rangsit Road, Chatuchak, Bangkok 10900
Tel: 	 +66 ...
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Why Thailand

Strategically located at the heart of Asia, Thailand aptly serves investors as a dynamic gateway to a fast growing economic market. Our growing economy, world-class infrastructure, competitive human capital and strong government support, are responsible for our key position as one of the most attractive investment destinations for foreign investors.

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Why Thailand

  1. 1. Thailand Board of Investment www.boi.go.th THAILAND WHY
  2. 2. AEC Asia & Oceania Strategically located at the heart of Asia, Thailand aptly serves investors as a dynamic gateway to a fast growing economic market. Our growing economy, world-class infrastructure, competitive human capital and strong government support, are responsible for our key position as one of the most attractive investment destinations for foreign investors. Example of MNEs in Thailand THE REGIONAL ECONOMIC CENTER THE SECOND HOME FOR GLOBAL MNEs OUR GLOBAL RANKINGS Source: 1 World Bank. Market size of USD 23.5 trillion Population of 3.9 billions1 Asia’s Financial Literacy Index MasterCard, 20145th Ease of Doing Business among Emerging Economies in East Asia World Bank, 2016 2nd The World’s Most Promising Emerging Economies Bloomberg Business, 2014 - 201611th Global Manufacturing Competitiveness Index Deloitte, 201614th
  3. 3. ATTRACTIVE HOST COUNTRY WORLDWIDE CONNECTIONS Thailand has demonstrated remarkable economic progress experiencing foreign direct investment (FDI) inflows’ growth of 21% over the past 6 years, compared to the global percentage of 0.7%. Occupying the 4th rank in Asia’s top prospective host economies, Thailand has gained a solid reputation as a second home for various global multinational enterprises (MNEs). The establishment of the ASEAN Economic Community (AEC) in 2015 has set up ASEAN as a single market that facilitates free flows of goods; and freer flows of services, investment, capital and skilled labor within the region. With further progress and expansion, we will become the center of a new economic engine of ASEAN. ASEAN Economic Community (AEC)1 Growth Rate of Export2 [CAGR**, 2008-2014] Source: 1 UNCTAD, 2 World Investment Report 2015, UNCTAD. Note: *Thailand has experienced a major flood during 2011. Nonetheless, the economy has been recovered quickly afterward. Source: 1 Ministry of Commerce of Thailand; 2 WTO. Note: *Forecasted by UNCTAD & IMF, 2014; **CAGR = Compound Annual Growth Rate Asia’s Top Prospective Host Economies, 2013 - 20151 4th FDI Inflows2 Free Flows of goods, services, investment, capital as well as skilled labors Members Functions Opportunity 616 Million People and GDP to double to USD 4.7 trillion in 2020* Brunei Cambodia Thailand Philippines Lao PDR Viet NamMalaysia Singapore Indonesia Myanmar ASEAN 4.58% 2.72%Global0 5 10 15 0 500 1000 1500 2000 2009 2010 2011* 2012 2013 2014 World Thailand [Billion USD] “Withitsstrategiclocationanddynamicenvironment Thailand is a key country for the development of Airbus Group in Asia Pacific ”Pierre Jaffre President Airbus Group for Asia Pacific & Managing Director, Airbus Group Thai
  4. 4. Thailand has signed free trade agreements (FTA) with numerous trading partners worldwide, to reinforce its commitment to free and fair global trade, while conducting ongoing negotiations for new FTAs. Source: 1 Department of Trade Negotiations of Thailand; 2 WTO. Note: *Ministry of Commerce; **Nations in grey text are under negotiation; ***Thailand is in preparation to initiate an agreement with Turkey Source: 1 IMD World Talent Report, 2014; 2 Bureau of Budget of Thailand. Note: *The expenditure in USD is based on the average exchange rate over 2010-2014, gathered by the Bank of Thailand. **CAGR 2010-2016. ROBUST HUMAN CAPITAL The main driving forces behind Thailand’s economic growth are our robust human capital. The country has been ranked highest for various factors related to employment and talent development in Asia. Thailand’s investment in human resource development continues to be strong and we look forward to high human capital growth. Human Capital Rankings among Asia Economies1 Thai Government Expenditure on Education2 * Thailand’s FTA Networks1 Thailand Export Value2 China Chile Indonesia Iceland** Japan Singapore Brunei Liechtenstein** South Korea Malaysia Philippines Switzerland** India Viet Nam Hong Kong Norway** Australia Myanmar EU** Turkey*** New Zealand Cambodia Pakistan** Peru Lao PDR Canada** 0 0.05 0.1 0.15 0.2 0.25 4.21% 2008 2009 2010 2011 2012 2013 2014 2015* Jan-Nov [Trillion USD] 0 5 10 15 20 2010 2011 2012 2013 2014 2015 2016 6.49% [Billion USD] Attracting & Retaining Talents5th Foreign High-Skilled People5th Employee Training6th Worker Motivation8th “Thailand has strong automotive industrial basis and skilled Thai people that boost our business growth ”Hiroshi Ioki President,Toyota Boshoku Asia
  5. 5. STRONG ICT INFRASTRUCTURES AFFORDABLE OFFICE SPACES Thailand provides its citizens with 100% mobile network coverage by using multiple service providers. The availability of the third and fourth generation (3G and 4G) broadband networks coupled with the growing adoption of mobile internet devices is expected to help Thailand become a major digital business hub in the future. With more than 8 million square meters of available office space1 , Bangkok is gaining a steady reputation for having the most affordable grade A office spaces in Asia- Pacific with a reasonable occupancy cost of only 30.83 USD/ square foot / annum. Thailand ICT Facts2 Total Occupancy Cost of Prime Office2 Source: 1 World Economic Forum Global IT Report, 2015; 2 National Statistical Office of Thailand and National Broadcasting and Telecommunications Commission (NBTC). Source: 1 Colliers International, 2015, 2 CBRE’s Prime Office Occupancy Costs, 2015 Population Covered by a Mobile Network Signal1100% No. of User (2015) 49.6 million 21.8 million 39.5 million Growth Rate [Person] [CAGR, 2010-2015] 5.34% 2.68% 15.38% Cell Phones Computers Internet The Most Affordable Grade A Office Space in Asia-Paccific2 (Bangkok)1st 0 50 100 150 200 250 300 HongKong NewDelhi,India Shanghai,China Singapore Seoul,SouthKorea Jakartar,Indonesia Hanoi,VietNam Manila,Philippines Bangkok,Thailand 314150 73 99108 126 157 254 [USD/ square foot/ annum] “The ICT IHQ Policy makes Thailand the best location for our regional headquarter ”David Sun President and CEO, the Southeast Asia Region, Huawei
  6. 6. FIRST-CLASS INDUSTRIAL ESTATES WORLD-CLASS AIRPORTS We now have approximately 70 well-developed industrial estates including the Eastern Seaboard, considered to be one of the world’s greatest industrial regions. It has already attracted various global industrial development projects that focus on a wide range of manufacturing processes. In the fiscal year 2015, Thailand’s international airports catered to more than 106 million passengers and transported more than a million tons of air freight (more than 500 airlines were serviced). Moreover, Suvarnabhumi, the largest airport in Thailand, was ranked 5th in the list of the world’s best airports. In addition, Don Mueang International Airport has recently completed the 2nd phase of development. With the reopening of a newly renovated Terminal 2, the airport is able to serve up to 30 million passengers annually. The Eastern Seaboard Industrial Region3 More than 70 industrial estates spread across all regions in Thailand2 More than 256 million square meters of cumulative supply of industrial estates2 Thailand’s Industrial Estates Thailand’s Airports2 Source: 1 Financial Times, 2012, 2 Colliers International; 3 I-EA-T & Ministry of Transport of Thailand. Note *The project has been approved by the cabinet and is under construction. Source: 1 SKYTRAX, 2015, 2 Airports of Thailand Plc (AOT), Department of Civil Aviation of Thailand & Ministry of Transport of Thailand. Note: *Among airports with 40-50 million passengers; **Including Suvarnabhumi, Don Mueng, Chiang Mai, Mae Fah Luang, Phuket, Hat Yai, Krabi, Samui, Surat Thani, U-Tapao, Udon Thani & Ubon Ratchathani international airports. More than 106 million passengers and 1.3 million tons of freight annually 12 International airports in all the regions in Thailand** Location Capacity Destination More than 500 International, domestic and dedicated freighter airlines World’s Best Economic Zone (Industrial Estate of Thailand)112th The World’s Best Airport (Suvarnabhumi Airport)1 *5th of Thailand industrial GDP25% industrial estates/ zones26 international deep-sea ports2 connecting to other zones* Double–track line
  7. 7. WORLD-CLASS DEEP-SEA PORTS HUB OF REGIONAL ROAD CONNECTIVITY Thailand has numerous deep-sea ports located along the Pacific Ocean and the Indian Ocean. The Laem Chabang international deep-sea port currently handles more than 10 million TEUs****. A plan has been devised to expand the port’s capacity to up to 18 million TEUs by 2019 to accommodate the rapid growth of Thailand’s international seaborne trade. Railway connectivity linking the ports along the Pacific and Indian oceans are now under construction, according to the Thai government plan. These networks are expected to further facilitate marine transport in Thailand. Thailand has more than 465,000 kilometers of roads and a vast highway network connecting each region nationwide. We are also continuously upgrading and constructing new international road networks. Our goal is to increase regional cooperation with numerous fast-growing countries such as China, India, Viet Nam, Malaysia and Singapore and become a major hub of regional road connectivity. 465,000 km of road connectivity in Thailand covering all the provinces1 12th in Asia Quality of Roads, ranked by the World Economic Forum Thailand’s Deep-Sea Ports Facts2 Thailand’s Current Road Connectivity1 Regional Road Connectivity Development Plan2 Source: 1 World Shipping Council, 2015, 2 Ports Authority of Thailand (PAT) & Ministry of Transport of Thailand. Note: *In term of container traffic. **Some major deep-sea ports under PAT include Laem Chabang, Maptaphut, Prachuab, Ranong, Phuket and Songkla deep seaports. ***The project has been approved by the cabinet and is under construction. **** TEU = Twenty-Foot Equivalent Unit Source: 1 Ministry of Transport of Thailand; 2 ADB Top 50 World Container Ports (Laem Chabang)1 *23rd Laem Chabang port expansion to 18 million TEUs by 2019 8 International deep-sea ports in the Pacific Ocean and the Indian Ocean** Location Capacity Destination Land Bridge Railway network connecting ports in The Pacific Ocean to ports in the Indian Ocean*** Northern Corridor North-South Corridor Western Corridor East-West Corridor Eastern Corridor Central Corridor Northeastern Corridor Southern Corridor Southern Coastal Corridor “Thailand’s  logistics infrastructure and linkage with the global logistics network made it a country of choice as our global export hub ”Pascal Pacheur General Manager, Essilor (Thailand)
  8. 8. RAIL SYSTEMS AND MASS TRANSIT More than 4,000 kilometers of railway lines connect the various regions of Thailand. Plans are in the works to build both double-track railways and high speed trains, enabling a better connection with neighboring countries. A new mass transit system in Bangkok is also under construction. A total of more than 175 new stops are expected in the Bangkok Metropolitan Mass Transit system as well as in the rail connection between the Suvarnabhumi and Don Mueang airports. Source: 1 Ministry of Transport of Thailand and NESDB; 2 Office of Transport and Traffic Policy and Planning (OTP) Mass Transit Development Plan in Bangkok1 Rail Systems Development Plan1 More than 175 new mass transit stops in Bangkok More than 500 kilometers of new mass transit networks by 2029 Distance Stops Airport Connection Connect Suvarnabhumi airport with Don Mueang airportof rail systems will be laid by 20202 887 Km
  9. 9. QUALITY LIFESTYLE Expat Experience Thailand has gained fame as the best place for expats who seek an improved quality of life with minimum expenditure. According to the HSBC’s Expat Explorers Summary 2014, Thailand was ranked 1st in terms of affordability, cost of living and 7th overall. Education It is important for families to choose the right school for their children. According to the Ministry of Education, there are more than 120 international schools in Thailand, most possessing overseas accreditation. There is a wide variety of high-quality education on offer in different languages. Source: 1 HSBC’s Expat Explorers Summary 2014 COMPETITIVE CORPORATE INCOME TAX With the reduction of the successive corporate income tax to 20% in 2013, the corporate tax rate in Thailand ranks as the 2nd lowest in the ASEAN countries. Not only has this led to an increase in economic activities and investments in Thailand but it has also put the kingdom in a competitive position against other countries. Corporate Income Tax1 Source: 1 Deloitte’s Taxation of AEC, as of 2015 0% 5% 10% 15% 20% 25% 30% 35% Phillippines Malaysia Indonesia Myanmar Lao PDR Viet Nam Cambodia Brunei Thailand Singapore 17% 20% 20% 20% 22% 24% 25% 25% 25% 30% 2nd lowest in ASEAN in the most cost-effective countries1 1st of high-quality education A variety
  10. 10. BOI AT YOUR SERVICE As the principal government agency for encouraging investment, Thailand’s Board of Investment (BOI) is delighted to assist you in setting up an operation in Thailand. We offer a wide range of investment incentives and business-oriented support services to aid potential investors. Investment Incentives Business Supporting Services üü Corporate income tax holiday of up to 8 years üü 50 percent reduction of the corporate income tax for 5 years üü Exemption/ reduction of import duties on machinery, raw and essential material üü Deduction of the cost of installation or construction of facilities üü Land ownership rights for foreign investors üü Facilitation in bringing in foreign experts and technicians to work in investment promoted activities üü Facilitation in bringing in foreign nationals for the purpose of studying investment opportunities BOI Services Healthcare System There are a thousand private and public hospitals with internationally trained doctors. Numerous Thai hospitals offer international-standard healthcare with JCI accreditation. Thailand consistently ranks as one of the top medical tourist destinations in Asia. Over 2.5 million foreign patients are treated in Thailand annually. Leisure Activities There are a great number of recreation and leisure options for families to engage in at the end of the work week, or during vacations, such as sailing, yachting, kayaking and rafting along Thailand’s many rivers. Thailand has become one of the top golf destinations in Asia with more than 200 world-class golf courses. Shopping in Thailand is another enjoyable activity spanning the entire range from high-end fashion stores to colorful flea markets. Note: JCI = Joint Commission International Accreditation medical tourist destination in Asia Top leisure destination in the Asia-Pacific Best “With strong support from the BOI and renewed tax incentives, Thailand is an alternate MRO hub of Asia ”Remy Maitam President,Triumph Aviation Services Asia 
  11. 11. CONTACT US HEAD OFFICES OFFICE OF THE BOARD OF INVESTMENT 555 Vibhavadi-Rangsit Road, Chatuchak, Bangkok 10900 Tel: +66 (0) 2553-8111 Fax: +66 (0) 2553-8315 Website: www.boi.go.th Email: head@boi.go.th ONE START ONE STOP INVESTMENT CENTER (OSOS) 18th Floor, Chamchuri Square Building, 319 Phayathai Road, Pathumwan, Bangkok 10330 Tel: +66 (0) 2209-1100 Fax: +66 (0) 2209-1199 Website: osos.boi.go.th Email: osos@boi.go.th ONE STOP SERVICE CENTER FOR VISAS AND WORK PERMITS 18th Floor, Chamchuri Square Building, 319 Phayathai Road, Pathumwan, Bangkok 10330 Tel: +66 (0) 2209-1100 Fax: +66 (0) 2209-1194 Email: visawork@boi.go.th REGIONAL OFFICES REGIONAL INVESTMENT AND ECONOMIC CENTER 1 CHIANG MAI OFFICE Airport Business Park 108-110, 90 Mahidol Road, Amphur Muang, Chiang Mai 50100 Tel: +66 (0) 5329 4100 Fax: +66 (0) 5329 4199 Email: chmai@boi.go.th PHITSANULOK OFFICE 3rd Floor, Thai Sivarat Building, 59/15 Boromtrilokkanat 2 Road, Naimuang, Amphur Muang, Phitsanulok 65000 Tel: +66 (0) 5524-8111 Fax: +66 (0) 5524-8777 Email: phitsanulok@boi.go.th REGIONAL INVESTMENT AND ECONOMIC CENTER 2 NAKHON RATCHASIMA 2112/22 Mitraphab Road, Amphur Muang, Nakhon Ratchasima 30000 Tel: +66 (0) 4438 4200 Fax: +66 (0) 4438 4299 Email: korat@boi.go.th REGIONAL INVESTMENT AND ECONOMIC CENTER 3 KHONKAEN 177/54 Moo 17, Mitraphab Road, Amphur Muang, Khonkaen 40000 Tel: +66 (0) 4327 1300-2 Fax: +66 (0) 4327 1303 Email: khonkaen@boi.go.th REGIONAL INVESTMENT AND ECONOMIC CENTER 4 CHONBURI 46 Moo 5 Laem Chabang Industrial Estate, Sukhumvit Road, Toongsukhla, Sriracha, Chonburi 20230 Tel: +66 (0) 3840 4900 Fax: +66 (0) 3840 4997, +66 (0) 3840 4999 Email: chonburi@boi.go.th REGIONAL INVESTMENT AND ECONOMIC CENTER 5 SONGKHLA 7-15 Chaiyong Building Juti Uthit 1 Road, Hadd Yai, Songkhla 90110 Tel: +66 (0) 7458 4500 Fax: +66 (0) 7458 4599 Email: songkhla@boi.go.th REGIONAL INVESTMENT AND ECONOMIC CENTER 6 SURAT THANI 49/21-22 Sriwichai Road, Makhamtia, Amphur Muang, Surat Thani 84000 Tel: +66 (0) 7740 4600 Fax: +66 (0) 7740 4699 Email: surat@boi.go.th OVERSEAS OFFICES SHANGHAI Thailand Board of Investment, Shanghai Office Royal Thai Consulate General, No. 18, Wanshan Road, Changning Distric, Shanghai 200336, P.R.C. Tel: +86-21-5260-9876, +86-21-5260-9877 Fax: +86-21-5260-9873 Email: shanghai@boi.go.th BEIJING Thailand Board of Investment, Beijing Office Royal Thai Embassy, No.40 Guang Hua Road, Beijing 100600 P.R.C. Tel: +86-10-6532-4510 Fax: +86-10-6532-1620 Email: beijing@boi.go.th GUANGZHOU Thailand Board of Investment, Guangzhou Office Investment Promotion Section, Royal Thai Consulate-General, No.36 Youhe Road, Haizhu District, Guangzhou, P.R.C. 510310 Tel: +86-20-8385-8988 Ext. 220-225, +86-20-8387-7770 (Direct line) Fax: +86-20-8387-2700 Email: guangzhou@boi.go.th TAIPEI Thailand Board of Investment, Taipei Office Taipei World Trade Center, 3rd Floor, Room 3E 39-40 No.5 Xin-Yi Road, Sec. 5 Taipei 110, Taiwan R.O.C. Tel: +886-2-2345-6663 Fax: +886-2-2345-9223 Email: taipei@boi.go.th TOKYO Thailand Board of Investment, Tokyo Office Royal Thai Embassy, 8th Floor, Fukuda Building West, 2-11-3, Akasaka, Minato-ku, Tokyo 107-0052 Japan Tel: +81 (0) 3-3582-1806 Fax: +81 (0) 3-3589-5176 Email: tyo@boi.go.th OSAKA Thailand Board of Investment, Osaka Office Royal Thai Consulate-General, Bangkok Bank Building, 7th Floor, 1-9-16 Kyutaro-Machi, Chuo-Ku, Osaka 541-0056 Japan Tel: +81 (0) 6-6271-1395 Fax: +81 (0) 6-6271-1394 Email: osaka@boi.go.th SEOUL Thailand Board of Investment, Seoul Office #1804, 18th Floor, Koryo Daeyeongak Center, 97 Toegye-ro, Jung-gu, Seoul, 100-706, Korea Tel: +82-2-319-9998 Fax: +82-2-319-9997 Email: seoul@boi.go.th MUMBAI Thailand Board of Investment, Mumbai Office Express Tower, 12th Fl., Barrister Rajni Patel Marg, Nariman Point, Mumbai, Maharashtra 400021 Tel: +91-22-2204-1589-90 Fax: +91-22-2282-1525 Email: mumbai@boi.go.th NEW YORK Thailand Board of Investment, New York Office 7 World Trade Center, 34th Floor, Suite F, 250 Greenwich Street, New York, New York 10007, U.S.A. Tel: +1 (0) 212 422 9009 Fax: +1 (0) 212 422 9119 Email: nyc@boi.go.th Website: www.thinkasiainvestthailand.com LOS ANGELES Thailand Board of Investment, Los Angeles Office Royal Thai Consulate-General, 611 North Larchmont Boulevard, 3rd Floor, Los Angeles CA 90004, U.S.A. Tel: +1 (0)-323-960-1199 Fax: +1 (0)-323-960-1190 Email: boila@boi.go.th FRANKFURT Thailand Board of Investment, Frankfurt Office Investment Section, Royal Thai Consulate-General Bethmannstr. 58,5.0G 60311 Frankfurt am Main, Federal Republic of Germany Tel: +49 (069) 92 91 230 Fax: +49 (069) 92 91 2320 Email: fra@boi.go.th PARIS Thailand Board of Investment, Paris Office Ambassade Royale de Thaïlande 8, rue Greuze, 75116 Paris, France Tel: +(33-1) 56 90 26 00 Fax: +(33-1) 56 90 26 02 Email: par@boi.go.th STOCKHOLM Thailand Board of Investment, Stockholm Office Stureplan 4C 4th Floor, 114 35 Stockholm, Sweden Tel: +46 (0) 8463 1158, +46 (0) 8463 1174-75 Fax: +46 (0) 8463 1160 Email: stockholm@boi.go.th SYDNEY Thailand Board of Investment, Sydney Office Suite 101, Level 1, 234 George Street, Sydney, New South Wales 2000, Australia Tel: +61-2-9252-4884 Tel: +61-2-9252-4882 Email: sydney@boi.go.th Thailand Board of Investment www.boi.go.th Think Asia, Invest Thailand

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