Most Attractive Investment Industries in Thailand
Updated on Tuesday 07th February 2017
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Thailand is the most economically significant country in the continental Southeast Asia and, because of its location, serves as center for the region, sharing its borders with several emerging and border markets. Actually, besides the much greater China, businesses in Thailand have the largest amount of foreign entrepreneurs in some of the area’s most dynamic economies like Myanmar, Cambodia and Laos. Because of the close location near these emerging nations, the future looks bright for Thailand and its investors. Here are the most attractive investment industries in Thailand presented by our experts in company registration in Thailand.
Automotive industry in Thailand
The world is barely aware that Thailand is a developing center for manufacturing well known car brands as Toyota, Mazda, Honda, Ford and Nissan. The automotive production is so big that out of the 2.45 million cars it produced in 2012, almost 50% were exported, making it one of the most attractive investment industries in Thailand. These numbers place Thailand on the seventh place in the world for exporting vehicles.
Its ability to yield vehicles by the bulk is a focused effort made by the government, by its generous investor enticements of its Board of Investments (BOI) and the wealthy local suppliers who are thought to be a haven by vehicle assemblers. One of the most attractive enticements initiated by the BOI is the lower corporate tax rate of 20%, a significant difference from Indonesia, Vietnam and Malaysia. Additionally, market research shows that the localization rate of Thailand is set at 80%, the highest in the entire Southeast Asia when it comes to the capacity of sourcing locally.
Production of jewelry and gem in Thailand
It is the second most attractive investment industry in Thailand. The country shows that cheap labor is not all the time the key for successful manufacturing. The jewelry producers and exporters of Thailand might not have the cheapest salaries in the region, however it still has a significant jewelry export business, with exports valued at USD 1.23 trillion in 2011. If you are considering starting a company in this business sector, our company registration consultants in Thailand are ready to assist you.
Other profitable industries in Thailand
Besides the above mentioned most attractive investment industries in Thailand, the Thai government has highlighted five other sectors which are crucial for the development of the country. These are agriculture and agro-industry, alternative energy, electronics and information and communication technologies, fashion, and value-added services consisting of entertainment, healthcare and tourism. Our company formation professionals in Thailand can provide more details on these sectors.
Being one of the founding members of the ASEAN (the Association of Southeast Asian Nations), Thailand has proven over time it has the ability to get back up on its feet and these strong facts indicate there is no reason why it should not continue its economic growth in the future as well.
If you would like to know more, please contact our Thai company formation advisors.