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Thailand Voted Best Place for Starting Business

Starting a business can be daunting as investors and entrepreneurs have a wide array of places to choose from, but also things to consider when beginning their activity.

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Thailand was voted to be the world’s best place to start business for the second consecutive year

Thailand was voted to be the world’s best place to start business for the second consecutive year, according to the Department of Business Development. 

Wuthikrai Leeviraphan, director-general of the department, said that recently U.S.News & World Report posted its list of “Best Countries to Start a Business 2020” and Thailand ranked first for the second year in a row because it took only six days and five procedures to start a business in the country. 

Last year the same agency also ranked Thailand in the first place. 

“This year the department will further improve services for operators to start business. Time and procedures for the process will be shortened. It will cooperate with other organizations and apply artificial intelligence to serve businesses and people. This is for Thailand to attract more foreign investors,” Mr Wuthikrai said. (TNA)

The 2020 Best Countries to Start a Business ranking draws from the results of a global perceptions-based survey and ranks countries based on scores from nearly 6,000 business decision-makers in a compilation of five country attributes: affordable, bureaucratic, cheap manufacturing costs, connected to the rest of the world, and easy access to capital.

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Thailand BOI Approves Measures to Support Carbon Reduction

greenhouse gas emission as well as an enhanced scheme for electric vehicles and measures to mitigate Covid-19 impacts and support local vaccine development

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The Thailand Board of Investment (BOI) approved incentives to encourage companies to reduce greenhouse gas emission as well as an enhanced scheme for electric vehicles and measures to mitigate Covid-19 impacts and support local vaccine development, Ms Duangjai Asawachintachit, Secretary General of the BOI, announced today.

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Thailand falls out of global top 20 most expensive locations for expatriate staff

Thailand plunges out of the global top 20 most expensive locations to hire expatriate employees, falling by eight places in the rankings.

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The average pay package for a mid-level expatriate worker in Thailand has fallen by over 7% to USD 223,142 annually.

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