BOI offers new incentive for investors to boost economy

[webfact]

BOI offers new incentive for investors to boost economy

BANGKOK, 17 November 2015 (NNT) - Members of the Board of Investment (BOI) have agreed to increase incentives in 10 investment categories for special economic zones (SEZs) to boost the Thai economy.

BOI Secretary General Hiranya Sujinai said the board has decided to extend the corporate income tax exemption period to a maximum of four years for investment applications submitted from January 2014 - June 2016.

The decision was made after the BOI found that SEZ investments were lower than anticipated, despite existing incentives. More than 750 applications were lodged for BOI incentives during the first nine months of this year.

Around 1,769 projects with a combined value of 6.6 trillion baht have already been approved. The BOI has forecast roughly 3.5 trillion baht's worth of incentive applications by the end of this year.


-- NNT 2015-11-17

[waldroj]

No matter how you try to sugar-coat it, there will not be sufficient local investment and you ain’t going to get the vital foreign investment back into the country until you sort out a proper functioning government (and relegate the army to building theme parks to bring happiness to the people)!

[ChrisY1]

Probably similar to being begged to invest in North Korea.........with about the same level of risk as driving in Thailand!

Edited November 17, 2015 by ChrisY1

[pedro01]

Very nice. Used to be 8 years!