ICT Presentation July 2, 2013
Thailand IT Start-Up Community
Progress, Status, Challenges & Policy
Recommendations
Personal Introduction
Founder
CFO
Mentor
Personal Introduction
Author:
Personal Introduction
Blogger:
 Finance for Geeks
 Thailand Start-Up Review
Speaker:
 Finance for Geeks Workshop Series
Strengths of Thai IT Community
Strengths
Abundance of Tech
Talent with Soft Skills
Low cost of living ideal
for bootstrapp...
Challenges Faced By Thai IT
Community
Need to find an accepted
online payment system
Few domestic sources of
early-stage i...
Challenges Faced By Thai IT
Community
Strict Liable Laws
Excessive business filing
requirements
Comparatively high
effecti...
Challenges Faced By Thai IT
Community
Prohibitive Immigration &
Work Permit requirements
Majority Thai Ownership
Requireme...
Recent Progress
 First Co-Working Spaces
 First Regional Start-Up Event
 First Corporate Engagements
 Increased Ventur...
Policy Recommendations
To Support Thai IT Startup
Ventures
Establish an Approved Business
Entity…
The Innovative
Venture
Policy Recommendations
Application Process
 Demonstrate the introduction or
development of an innovative product,
service...
Policy Recommendations
Benefits For Founders:
VAT & CIT Tax Holiday
No Monthly Filings or Half-
Year Audit
Policy Recommendations
Benefits For Foreign
Founders/Workers:
Waive the 4 Thai employee/WP
Requirement
Waive minimum PIT f...
Policy Recommendations
Benefits For Investors:
Reduce or eliminate the majority Thai
ownership requirement
Reduce or elimi...
Policy Recommendations
Continued Tax Benefits for Founders
are subject to a review upon attaining
a net annual income of 2...
Benefit For Thailand
Become the leading Center of Innovation in
ASEAN by unleashing IT entrepreneurial
ventures to fully l...
My Blogs & E-Mail
www.financeforgeeks.com
www.thaistartup.net
E-Mail: david.karonbkk@gmail.com
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Thailand IT Start-Up Community: Progress, Status, Challenges & Policy Recommendations

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Slides from David Shelters presentation at the July 2, 2013 ICT Advisory Conference at Centara Grand Hotel @ Central World, Bangkok, Thailand. See full blog entry on the ICT Advisory conference at thaistartup.net

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Thailand IT Start-Up Community: Progress, Status, Challenges & Policy Recommendations

  1. 1. ICT Presentation July 2, 2013 Thailand IT Start-Up Community Progress, Status, Challenges & Policy Recommendations
  2. 2. Personal Introduction Founder CFO Mentor
  3. 3. Personal Introduction Author:
  4. 4. Personal Introduction Blogger:  Finance for Geeks  Thailand Start-Up Review Speaker:  Finance for Geeks Workshop Series
  5. 5. Strengths of Thai IT Community Strengths Abundance of Tech Talent with Soft Skills Low cost of living ideal for bootstrapping A large and connected domestic marketplace
  6. 6. Challenges Faced By Thai IT Community Need to find an accepted online payment system Few domestic sources of early-stage investments Little opportunity for a domestic successful Exit
  7. 7. Challenges Faced By Thai IT Community Strict Liable Laws Excessive business filing requirements Comparatively high effective tax rates
  8. 8. Challenges Faced By Thai IT Community Prohibitive Immigration & Work Permit requirements Majority Thai Ownership Requirements Severe Repatriation of Funds Requirements
  9. 9. Recent Progress  First Co-Working Spaces  First Regional Start-Up Event  First Corporate Engagements  Increased Venture Capital Presence  Increased International Exposure  Proliferation of IT Start-Up Organizations
  10. 10. Policy Recommendations To Support Thai IT Startup Ventures Establish an Approved Business Entity… The Innovative Venture
  11. 11. Policy Recommendations Application Process  Demonstrate the introduction or development of an innovative product, service or process here in Thailand.  Process no more than two months
  12. 12. Policy Recommendations Benefits For Founders: VAT & CIT Tax Holiday No Monthly Filings or Half- Year Audit
  13. 13. Policy Recommendations Benefits For Foreign Founders/Workers: Waive the 4 Thai employee/WP Requirement Waive minimum PIT for WP holders Co-Working Space membership in lieu of required shared office space for a WP
  14. 14. Policy Recommendations Benefits For Investors: Reduce or eliminate the majority Thai ownership requirement Reduce or eliminate restrictions on repatriation of funds Set a competitive Dividend & Capital Gains Rate in lieu taxing as ordinary income
  15. 15. Policy Recommendations Continued Tax Benefits for Founders are subject to a review upon attaining a net annual income of 2 million Baht
  16. 16. Benefit For Thailand Become the leading Center of Innovation in ASEAN by unleashing IT entrepreneurial ventures to fully leverage the Competitive Advantages we enjoy in: *Abundance of IT Talent *Large & Connected Domestic Market
  17. 17. My Blogs & E-Mail www.financeforgeeks.com www.thaistartup.net E-Mail: david.karonbkk@gmail.com

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