Provincial development strategies and connections with ASEAN
As a way to move Thailand forward, the Thai Government is focusing on four major areas in provincial development which will be adjusted to be in line with the “Country Strategy”. At the same time, all provinces have been urged to be prepared for the arrival of ASEAN Community in 2015.
The four areas in provincial development seek to: (1) generate income on a sustainable basis, (2) promote inclusive growth in order to reduce poverty and close income gaps, (3) accommodate community growth that is friendly to the environment, (4) prepare infrastructure for Government’s mega-projects on transport and water management.
On the other hand, the Thai Government is also developing road and railway networks linking with neighboring countries. This was initiated in a joint meeting between provincial governors and Thai ambassadors and consuls-general to ASEAN countries. Various border checkpoints will be upgraded and Thailand and its neighbors need to manage goods production for mutual benefit.
In this regard, the Government urged provincial governors to explain to local residents about both advantages and disadvantages of free trade arrangements. Each province must also work out its provincial strategies to manufacture products in response to the demands of neighboring countries. Moreover, provincial governors must help create better understanding about neighboring countries, as Thailand moves toward the ASEAN Community.
Contact MSNA for your questions about doing business in Thailand.
Thailand Aims to Become Center for Regional Operating Headquarter (ROH)
In line with the ASEAN Economic Community (AEC) which will take effect in 2015, the Thai government aims to become center for Regional Operating Headquarter (ROH) for multinational companies who would like to setup their ROH to expand their operation within the ASEAN region or to prepare itself for the upcoming AEC. Being strategically located within the Southeast Asia region with networks of modern infrastructures, quality skilled labor, easy access to raw materials and attractive tax incentives significantly represent as a cost-effective investment for any companies who want to save costs and at the same time, still remain competitive. Government policies also contribute to Thailand’s apparent strengths in its position as a strategically located business hub and center for production and regional outsourcing.
The Thailand Board of Investment (BOI) act as a focal point for the investors in dealing with different government agencies by bringing together under one roof the representatives from different relevant ministries. The Thailand BOI offers assistance on applications for business licenses, factory certification, environmental impact assessments and many other matters. Besides Regional Operating Headquarter, the Board of Investment of Thailand is also promoting the following related activities with tax and non-tax incentives vary depending on the activities.
- International Procurement Offices, involving sourcing, quality control and packaging
- Trade and Investment Support Offices
- International Distribution Centers
- Distribution Centers
- Research and Development
For investors who are interested in establishing the Regional Operating Headquarter in Thailand, please visit the BOI’s website www.boi.go.th for more details on incentives and conditions in setting up a ROH. Need further assistance in setting up Regional Operating Headquarters and other business forms in Thailand, contact English speaking ThaiLawyers for business registration, license application, visa and work permit services.