Thailand in pole position for the race seeking investors

Thailand in pole position for the race seeking investors

In Formula 1, one speaks of the best “Overall Package” in a race car as a decisive prerequisite of championship-winning performance. In other words, it’s not simply a question of the driver, the best chassis, most powerful motor or the most suitable strategy in a race. Rather, everything has to “fit” in order to bring a team right to the front. It is similar in the economy.

Sanet PULSE: Latest updates from the Sanet Group in Bangkok – June 2018

The International Headquarter and International Trading Center aim to turn Thailand into the hub of ASEAN. The Thai government hopes to increase the country’s status as a hub via new incentives for International Headquarters and Trading Centers. The funding program offers tax incentives, such as exemptions similar to the system used in Hong Kong system, as well as affordable flat-rate taxation for foreign managers. The promotion effort also includes an easing of the requirements for visa and work permits.