webfact Posted November 1, 2020 Share Posted November 1, 2020 Cabinet asked to cut red tape to woo foreign investment in 3 areas By The Nation The Department of Business Development will ask the Cabinet to remove restrictions on three business types so that foreign firms no longer have to apply for investment permits from the Commerce Ministry. The three types fall under the Foreign Business Act’s “List Three” – areas where Thai nationals are not ready to compete with foreigners, said the department’s director-general Tossapon Tangsubut. The first area is Type 1 telecom licence services provided via another telecom operators' network. The second are treasury centres for managing foreign currencies for businesses and affiliates in the same group. The third is software development related to Big Data, cyber security, advanced technology, business process management and industrial production. All three business types already have related agencies where foreign investors could apply for permits without the need to ask the Commerce Ministry, said Tossapon. This would cut redundancy in the process and improve the business investment environment, he added. The department has already withdrawn several business types from List Three in a bid to woo more foreign investment. Source: https://www.nationthailand.com/business/30397056 -- © Copyright The Nation Thailand 2020-11-02 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
Popular Post RichardColeman Posted November 1, 2020 Popular Post Share Posted November 1, 2020 9 minutes ago, webfact said: The department has already withdrawn several business types from List Three in a bid to woo more foreign investment. Unless the investors either do not care about the current political climate in Thailand or have no tv and social media, then Covid or no covid, they ain't gonna be wooed 6 Link to comment Share on other sites More sharing options...
Popular Post Grumpy John Posted November 1, 2020 Popular Post Share Posted November 1, 2020 3 hours ago, RichardColeman said: Unless the investors either do not care about the current political climate in Thailand or have no tv and social media, then Covid or no covid, they ain't gonna be wooed Little by little the jigsaw pieces of the puzzle reveal what I have predicted for some time. The gravity of the situation is yet to be revealed in full. Come December/January I think the Thai people will discover their in a big fat mess created by....you know who! 6 Link to comment Share on other sites More sharing options...
Hayduke Posted November 2, 2020 Share Posted November 2, 2020 (edited) <deleted> Edited November 2, 2020 by Hayduke Link to comment Share on other sites More sharing options...
Hayduke Posted November 2, 2020 Share Posted November 2, 2020 Just now, Hayduke said: What a wonderful and fortunate coincidence. The three types listed are all areas where China can move in and take further control of….offer an extensive range of ‘no-strings-attached’ fraternal assistance. 1 1 Link to comment Share on other sites More sharing options...
Popular Post yellowboat Posted November 2, 2020 Popular Post Share Posted November 2, 2020 5 hours ago, webfact said: The third is software development related to Big Data, cyber security, advanced technology, business process management and industrial production. In 2014, they made it so difficult. Now? The tune has changed completely. It is a dilemma. Vietnam and Malaysia are more hospitable than the military government of Thailand, and what assurances do you have that the red tape doesn't magically reappear in a few years time? cha cha gone and a non authoritarian government is the answer. No more endless TAT forecasts and a government that protects the army and the elite of Thailand with trying to lure foreign companies to the EEC. 4 1 Link to comment Share on other sites More sharing options...
hotchilli Posted November 2, 2020 Share Posted November 2, 2020 7 hours ago, webfact said: The three types fall under the Foreign Business Act’s “List Three” – areas where Thai nationals are not ready to compete with foreigners, said the department’s director-general Tossapon Tangsubut Link to comment Share on other sites More sharing options...
DrPhibes Posted November 2, 2020 Share Posted November 2, 2020 2 hours ago, hotchilli said: Great, now the kid is traumatized by seeing who is a ghost! Time to rename the kid Constantina. 1 Link to comment Share on other sites More sharing options...
DrTuner Posted November 2, 2020 Share Posted November 2, 2020 (edited) No worries, they'll figure out new red tape to more than offset any loss. Thais love bureaucracy and building defences againt the evil foreigners. Edited November 2, 2020 by DrTuner Link to comment Share on other sites More sharing options...
IAMHERE Posted November 2, 2020 Share Posted November 2, 2020 11 hours ago, yellowboat said: what assurances do you have that the red tape doesn't magically reappear in a few years time? remember when the 49% condo ownership ceiling was raised to help sell empty condos? Then a few years later you can not sell any condo in a building with over 49% farang ownership to a farang? Have to sell what was a 'quota' condo to a non-farang until building ownership got under 49%. Thailand can change rules at the drop of a hat. 2 Link to comment Share on other sites More sharing options...
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