Thailand BOI Approves US6.2 billion in Investments, Including Foxconn-PTT’s EV Venture, and Improved Battery, Smart Zones Incentives 

A combined US 6.2 billion worth of investment applications in manufacturing and infrastructure projects, including US1.04 billion by Horizon Plus Co., Ltd., a joint venture between Taiwan’s Foxconn and Thailand’s PTT PCL, to make battery electric vehicles (BEV), was announced and approved to enhance benefits for investment in battery production, building up on the policy to become Southeast Asia’s EV manufacturing hub.

In case you missed it, it’s not too late to catch our Site Selectors Webinar that was held on May 25, 2022

The Thailand Board of Investment (BOI) New York Office hosted a webinar on “Thailand’s Investment Policy Update” featuring Ms. Sonklin Ploymee, Deputy Secretary-General and Miss Vorawan Norasucha, Director of the BOI New York office on May 25th, 2022. The webinar covered legislation and regulations for foreign entities interested in investing in Thailand, as well as presented updated programs and policies to site selectors in North America. We’re proud to say that the webinar was well attended by internationally recognized site selection

Eastern Economic Corridor of Innovation (EECi) and Wang Chan Valley: Planned to open in November 2022 

Thailand's Eastern Economic Corridor (EEC) is poised to become the new face of smart city development and sustainable solutions amid a recently announced foreign partnership with its pilot biorefinery and advancements in its zero-waste initiatives. 

Long-Term Residence Visa 

In order to enhance the country's attractiveness as a regional hub for living and doing business for foreigners of 'high potential,' Thailand is introducing a new visa called "Long-Term Resident (LTR)," which provides a range of tax and non-tax benefits. The government has vowed to woo affluent foreigners for lengthy stays, specifically aiming at the wealthy, retirees, remote workers, and experts, with the aim of boosting the economy and investment in the country. 

Updated entry scheme for entering Thailand 

Thailand's Eastern Economic Corridor (EEC) is poised to become the new face of smart city development and sustainable solutions amid a recently announced foreign partnership with its pilot biorefinery and advancements in its zero-waste initiatives.