Get in Now While the Timid Avoid Thailand
In the 2004 letter to the shareholders of Berkshire Hathaway, Warren Buffet made the comment that we should strive to “be fearful when others are greedy and greedy only when others are fearful.” If that advice resenates with you, it might be a good time to start a company in Thailand.
Thailand has recently had another coup d’état and according to an article from Reuters, investment is down 42%.
The total value of investment applications fell 42 percent to 308 billion baht ($9.5 billion) in the first five months of this year from a year earlier, Udom Wongviwatchai, the BOI’s secretary-general, said in a statement.
A new BOI board is in development and, as of yet, no one knows if things will become easier or more difficult in the future. But an unnamed sourced has told us the new BOI will no longer approve projects by zone. This means BOI approved companies will receive similar benefits regardless of physical office location. Before different districts would get different tax breaks or other incintives.
If you are interested in how the Thailand Board of Investment works, check out our page explaining the details, and then get in touch.