The Thai government has long believed in an open, laissez-faire economy that welcomes foreign investment. Various tax and non-tax incentives are granted to attract foreign investment through government agencies – such as the BOI and the Industrial Estate Authority of Thailand (IEAT) – and bilateral agreements that bind Thailand to other countries, including the ASEAN Comprehensive Investment Agreement (ACIA), the ASEAN Framework Agreement on Services (AFAS), and the Treaty of Amity and…
From The Report: Thailand 2018
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This chapter examines Thailand’s legal framework, focusing on work done by the Board of Investment to promote various sectors. It also explains the policies outlined for non-citizens in the Foreign Business Act, tax and non-tax incentives for international companies and other key subject areas. This chapter contains a viewpoint from David Lyman, Chairman and Chief Values Officer, Tilleke & Gibbins.