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Foreign investors seek incentives to set up ROH

By on Aug 15, 2014 in Property News

The Finance Ministry and the National Economic and Social Development Board (NESDB) have been tasked with studying more measures and incentives for foreign firms setting up regional operating headquarters (ROH) in Thailand.

Yongyuth Maiyalap, a spokesman for the National Council for Peace and Order (NCPO), said foreign investors who recently met NCPO chief Gen Prayuth Chan-ocha said Bangkok has potential to become a regional centre for trade and investment if better measures are offered.

“Regional headquarters is one of the targets the NCPO wants to promote to stimulate Thailand’s trade and investment after various policies have already been approved, such as accelerated approval of Board of Investment applications, new special economic zones and infrastructure development plans,” he said.

NESDB deputy secretary-general Thanin Pa-em said the new packages should include not only tax perks but also infrastructure and other measures that facilitate visa and work permit procedures.

At a recent meeting of the Joint Public-Private Consultative Committee chaired by Gen Prayuth, the Thai Chamber of Commerce urged authorities to improve visa and work permit procedures, saying existing processes are deemed obstacles to investment. The private sector has also proposed authorities give green cards to foreign businessmen working in Thailand.

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Source: Bangkok Post | 4 August 2014

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