The country also offers convenient trade with China, India and the countries of the Association of Southeast Asian Nations (ASEAN), and easy access into the Greater Mekong sub-region, where newly emerging markets offer great business potential.
Thailand is ideally located at the crossroads of Asia, with easy access to the region's dynamic markets, including its own booming domestic consumer market of 65.12 million people. Thailand has long been a proponent of free and fair trade and its attractiveness as a production base for leading international companies is enhanced by a number of free trade agreements, and Thailand is certain to be a beneficiary of the ASEAN Economic Community (AEC), which will enter into force at the start of 2016. (Source: Bank of Thailand)
- 7 international airports
- Modern city-wide mass transit in Bangkok
- 3G/WiFi and broadband access
- 6 deep sea ports and 2 international river ports, including containers, tank farms and liquid jetties
Thailand's development plans for 2012-2022 include a high speed rail network that will connect north, south, east and west of Thailand, as well as to southern China. The mass transit system in Bangkok is being expanded into the suburbs and air and marine transportation will be further strengthened to meet the pace of growing demand.
Likewise, the United Nations Conference on Trade and development (UNCTAD) ranks Thailand as the 8th most attractive host economy in the world for 2014-2016.
The Board of Investment also coordinates the activity of the One-Stop Service Center for Visas and Work Permits, which enables foreign staff of BOI-promoted companies to obtain work permits and long-term visas within three hours or less, and administers the One Start One Stop Investment Center to facilitate a full range of services and streamline investment procedures by bringing representatives from more than 20 government agencies under one roof.
In addition to the activities of the BOI, other government organizations, such as the Department of Export Promotion and international chambers of commerce, provide invaluable support and a host of other important services.
The government has identified 15 activities that are classified as activities of special importance and benefit to the country: Economic forest plantations (except for eucalyptus); Creative product design and development centers; Manufacture of airframes, airframe parts and major aircraft appliances, e.g. engines, aircraft parts, propellers and avionics; Electronic design; Software; Production of electricity or steam power from waste or refuse-derived fuel; Energy Service Companies (ESCO); Industrial zones or technology industrial zones; Cloud services; Research & Development; Biotechnology; Engineering design; Scientific laboratories; Calibration services; Vocational training centers.
Projects in these activities will be granted corporate income tax exemption without being subject to a corporate income tax exemption cap.
In terms of healthcare, the country has developed an excellent reputation globally, due to its internationally-certified doctors and medical staff, and modern facilities and equipment. It is so good that one of the fastest-rising tourism sectors is medical tourism, with international patients visiting Thailand to take advantage of Thailand's world-class and extremely affordable health care system.
Last updated: November 2015