Government of Thailand Announces New 4.0 Investment Attraction Policies

Thailand is one of the favored FDI destinations for North American, European, and Asian companies in the ASEAN region.

The Thailand Board of Investment’s New York office, announces the enactment of a new law that aims to enhance Thailand’s competitiveness in targeted industries, that waives corporate income taxes for up to 15 years and subsidizes investment expenses for R&D and innovation.

The National Competitive Enhancement Act for Targeted Industries BE 2560 (2017), widens investments incentives to make Thailand more competitive with other countries to draw companies to the country.

The law applies to companies investing in Thailand’s core…

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