Connect with us

Tech

Thailand Government schemes for startups 2016

Avatar

Published

on

Thailand_Goverment_Startup_2016

The current government has realized the importance of the startup industry and have made it one of the three “S” that the government wanted to further support including Startup, SME (small and medium enterprise), and Social enterprise.

This led to the attempt to get rid of the old mechanisms and the move towards a new model that allow the private sector to become more involve in state’s stimulation decisions. The supportive measures include:

Regulations and Law

  • Looking to amend the corporate law to allow a single individual to register as corporate entity to support entrepreneur.
  • Preparing to amend the Board of Investment (BOI)’s regulations to allow a single individual with potential idea in the targeted industries to gain BOI privileges. Current regulation only allows targeted firms that already have machinery.
  • The Business Security Act will be changed from having a requirement for various guarantees and mortgages to just only having an idea is already enough for a business security.
  • There might be some tax incentives or some guarantees to encourage investors.

Ecosystem

  • The creation of an ecosystem that will foster sources of supports and funding including incubator, venture capital, and crowdfunding.
  • Encourage startup to enter…

Read the complete story here

Techsauce is the partnership of two titans in the Thai technology startup industry between Thumbsup, the leading technology media in Thailand and HUBBA, the biggest coworking space network in Thailand.

Comments

Banking

Can Fintech drive a strong post-COVID-19 recovery in Asia?

The pandemic has highlighted the power of digital technology. Now is the time to harness this power for inclusive growth so that communities, especially in poor and remote areas, can survive the crisis and thrive.

Asian Development Bank

Published

on

To say 2020 has been a challenging year is a massive understatement. The COVID-19 pandemic has quickly undermined development gains from recent decades and slowed growth in many Asian economies.

(more…)
Continue Reading

Tech

Leading Mobile App Developer Fourdesire Introduces Fortune City in Thailand

Award-winning Personal Expenses Tracking App Fortune City Launches New Localized Version for Thailand, Aiming to Help Thai Users Keep Their New Year’s Resolutions for 2021 and Their Finances Healthy

Pr News

Published

on

By

BANGKOK –  Fourdesire, Taiwan’s leading mobile app developer, will release a Thai version of Fortune City, their popular money management app, in Thailand this month.

(more…)
Continue Reading

Tech

Cyber Risk is the New Threat to Financial Stability

Thailand’s digital minister asked experts to help plug gaps in e-commerce security after netizens discovered personal data from more than 13 million accounts up for sale on an underground website.

Boris Sullivan

Published

on

Many of us take for granted the ability to withdraw money from our bank account, wire it to family in another country, and pay bills online.

(more…)
Continue Reading

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,609 other subscribers

Trending