Thailand offering attractive incentives for regional head offices
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.
The program represents not only another important pillar of the investment promotion of ten select industry clusters (Thailand 4.0), but also the establishment of five special economic zones in the region via the industrial profiling of the Eastern Economic Corridor (EEC). The Thailand Board of Investment (BOI), with officials particularly known for their efficiency when it comes to promoting the Thai economy, oversees the examination and administration of these benefits.
Such a business plan is especially suitable for European companies with other Southeast Asian countries such as Indonesia, Malaysia, Vietnam, or Singapore as part of their corporate strategy.
For more information on the structuring or establishment of an International Headquarter or International Trading Center, contact us at firstname.lastname@example.org.