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Thailand : Growing Opportunities. Ms. Ajarin Pattanapanchai Deputy Secretary General Thailand Board of Investment. ( 1 ). Thailand in General. Region: Southeast Asia Population: 65 million Area Total: 514,000 km 2 Coast Line: 3,219 km Capital: Bangkok Religions: Buddhism 95%

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  1. Thailand: Growing Opportunities Ms. Ajarin Pattanapanchai Deputy Secretary General Thailand Board of Investment (1)

  2. Thailand in General Region: Southeast Asia Population: 65 million Area Total: 514,000 km2 Coast Line: 3,219 km Capital: Bangkok Religions: Buddhism 95% GDP per capita (2008) :$4,080 Agriculture: 11% Manufacturing: 45% Services: 44%

  3. Thailand’s Global Economic Rankings • 33rd biggest economy • 31st biggest exporter • 31st biggest earner from services and income • 23rd largest surpluses • 18th largest manufacturing output • 36th largest services output • 16th largest air travel • 17th most tourist arrivals Source: The Economist’s Pocket World in Figures, 2010

  4. Strong Economics Fundamental Source: Bank of Thailand July Inflation Report, as of July 28, 2010

  5. Top 10 Exports in 2007 – 2010 (Jan-Jul) Unit: US$ Billion Source: MOC, as of Aug 25, 10

  6. Top 20 World Bank’s Ease of Doing Business Source: World Bank Study: Doing Business in 2010 (7)

  7. Consistent Improvement inInvestment EnvironmentThailand Ranks: World Bank Ease of Doing Business

  8. Grant Thornton’s 2010 emerging markets opportunity index“Three major benefits that investors will gain when investing in Thailand are incentives, a low cost of labor and land and low levels of security threats for foreign investors” HSBC :Thailand ranked as 3rd best country for an expatriate stand of living Political Economic Risk Consultancy (PERC):survey of 1,373 senior expat executives within 12 countries on bureaucracies in Asia, Thailand is ranked 3rd, in term of bureaucratic efficiency

  9. Infrastructure- Transportation (10)

  10. Transportation National highway system: 64,000 km. connecting all 76 provinces : Expanding connections into Cambodia, Laos, Vietnam and southern China 7 international airports : total capacity to support 8,500 arrival and 9,300 departure passengers per hour Rail system: 4,346 km. linking to Malaysia & Singapore Bangkok Mass Transit : Sky train and Subway -Expansion plan for 137 km. during 2006-2012 STATE-OF-THE-ART INFRASTRUCTURE (11)

  11. Shipping 6 deep sea ports and 2 international river ports Including container, tank farms and liquid jetties Automotives e-Customs facilities Laem Chabang Port : 7 container terminals with TEU 7.4 million exist capacity, expansion to TEU 10.8 million in 2011 3 Auto Yard with 2.9 million vehicles per year capacity INFRASTRUCTURE (12)

  12. GMS InfrastructureDevelopment North-South Corridor North-Eastern Corridor East-West Corridor Southern Corridor Central Corridor Southern Coastal Corridor Source: NESDB as of Jan 20,2009

  13. Free Trade Agreement Strategic Location and Expanding Network of FTAs • Entered into force • AFTA* • ASEAN-China • ASEAN-Japan • ASEAN-India • ASEAN-S.Korea • ASEAN-Australia-NZ • Thailand-Australia • Thailand-NZ • Thailand-India • Thailand-Japan Note: * Thailand, Malaysia, Indonesia, the Philippines, Singapore and Brunei only. Source: BOI International Affairs & www.thaifta.com, as of Feb 05, 2010

  14. Investment Promotion Policy (15)

  15. No restrictions on foreign currency remittances No export requirement No foreign equity restrictions in manufacturing sectors and promoted services sector No local content requirement Liberal Investment Policy (16)

  16. Tax Incentives Corporate income tax holidays up to 8 yrs Additional 50% reductions of corporate income tax for 5 yrs may apply in zone 3 Import duty reductions or exemptions on machinery and raw materials Double deduction of public utility costs Deductions for infrastructure construction/installation costs Basic BOI privileges and Measures • Non-Tax Incentives • Land ownership rights for foreign investors • Permission to bring in foreign experts and technicians • Work permit/visa facilitation One-Stop-Shop Visas & Work Permits are issued in 3 hours (17)

  17. Development of Thai Industry Knowledge & Technology Driven Productivity Driven since 2003 Investment Driven 1992 Labour Driven 1980 Labour Driven 1970

  18. Investment Opportunities in Major Sectors (19)

  19. Thailand: World’s Leader in Agro-Based Products • World’s No.1 producer of natural rubber, rice • World’s top exporter of cassava & tapioca, sugar, frozen seafood, canned tuna, canned pineapples, and chicken meat Sugar Cane Tops and leaves, Bagasse> 25.4 mil. tons/yr Major Agricultural Waste Oil Palm Fiber, Shell, Bunches > 0.3 mil. tons/yr Tapioca Slurry, Rhizome > 1.4 mil. tons/yr Rice Husk, Rice Straw > 27 mil. tons/yr Source: MOC, as of 29 January 2009

  20. National Policy to Promote Renewable Energy Target :To increase share of renewable energy to 8% by the year 2011 and 20% by 2022 Solar Biogas Wind Biomass Garbage Water Bio Diesel Ethanol

  21. Thailand: Auto Hub of Asia • Largest auto producer in Southeast Asia, 14 largest producer in the world, target to be top ten in next 4 years • World’s 2nd largest producer and market of pickup trucks. • 16 assemblers: production forecast for 2010~ 1.6 mil. units 55% exports • Strong Supporting Industry • ~ 2,300 suppliers of Tier 1, 2 ,3 with combination of multinational, JV and domestics enterprises • High Local content : 80-90% for pick up and 30-70% for passenger car 22

  22. Electronics and Electrical Industry • Thailand is the 13th Export Rank • E&E exports 1/3 of total export value • Thailand is the world’s largest producer of HDDs • A leading country in the manufacture of Integrated Circuits and White Goods (refrigerator, air-conditioning) • Strong supporting industries for electrical appliances Compressors, motors, plastic and metal parts 23 Source:*E&E Intelligence Unit, as of Feb 12, 09

  23. Services: The Land of Smiles at Your Service Many opportunities exist in this growing sector: • R&D and design • Printing • Tourism facilities • Film & Entertainment • Regional Operating Headquarters • Business Process Outsourcing • Logistics

  24. World class hospital services, high-quality medical treatment with Thai hospitality Health tourism increased over 200% in last few years, becoming the largest in Asia Statistic of foreign patients 2003 ~ 970,000 2004 ~ 1,100,000 2005 ~ 1,280,000 2006 ~ 1,300,000 2007 ~ 1,500,000 2008 ~ 2,000,000 Thailand: Regional Medical Hub

  25. Regional Operating Headquarter Incentives if you provide services to companies outside of Thailand • Business management, admin. • Sourcing raw materials, parts, finished products • Research & development • Technical assistance • Marketing and sales promotion • Human resources training • Business advisory services • Investment feasibility studies • Credit management • Other services approved by the Revenue Department on a case-by-case basis

  26. TOPLINE OF BENEFITS & CONDITIONS FOR REGIONAL OPERATING HEADQUARTERS Benefit Benefit Benefit For portion of income from OVERSEAS OPERATIONS 0% CORPORATE INCOME TAX for 15 years For portion of income from LOCAL OPERATIONS 10% CORPORATE INCOME TAX for 15 years • For income of EXPATRIATE EMPLOYEES • 15% PERSONAL INCOME TAX for 8 years Key Conditions Key Conditions • In 1st fiscal year, have one operating company in another country; a second within 3rd year; a third within 5th year • Have annual expenses in Thailand of Baht 15 million, or have invested at least Baht 30 million in Thailand • By end of 3rd year, 75% of ROH personnel to be qualified staff, have 5 specialised professionals, and 5 top executives earning at least Baht 2.5 million in annual salary and benefits each • Must have registered capital over 10 million baht • In addition to conditions for income from overseas and local operations: • Corporate Income generated from services to overseas companies must be at least 50% of total revenues • Personal income paid from overseas office is exempt

  27. BOI Investment Services BOI is a Full Service Investment Center We provide comprehensive information on opportunities in Thailand Industrial Subcontracting assistance (BUILD) Free sourcing assistance to your specifications International standards Investment Facilitation Unit We assist you with other government agencies Even with your utility connections (28)

  28. Thailand’s first comprehensive investment center Opens on November 23, 2009 Objectives Facilitate entry of new investors Assist businesses looking to expand Serve as a focal point for dealing with 21 relevant government agencies Who can use services: Open to all businessmen Big and small Domestic or foreign BOI-promoted or not

  29. THANK YOU WWW.BOI.GO.TH (30)

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