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Ms. Orasa Paiboon Director Thailand Board of Investment, Paris Office 16 June 2010

“ Thailand Means Business ”. Ms. Orasa Paiboon Director Thailand Board of Investment, Paris Office 16 June 2010. 1. 1. Presentation Outline. Political protests and investing Thailand international ranking Trade and Investment Update on BOI Policies.

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Ms. Orasa Paiboon Director Thailand Board of Investment, Paris Office 16 June 2010

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  1. “Thailand Means Business” Ms. Orasa Paiboon Director Thailand Board of Investment, Paris Office 16 June 2010 1 1

  2. Presentation Outline Political protests and investing Thailand international ranking Trade and Investment Update on BOI Policies

  3. Grant Thornton’s 2010emerging markets opportunity index “Three major benefits that investors will gain when investing in Thailand are incentives, a low cost of labour and land and low levels of security threats for foreign investors” Ian Pescoe, managing partner of Grant Thornton in Thailand

  4. Unilever Group of Companies (Thailand) “Sales in Bangkok have had a little impact from the political problem, but overall sales are going well….Sales in the first four months of this year could grow over the market.” BaukeRouwers, chairman of Unilever Group in Thailand

  5. 2010 General Motors Expands in Thailand: US$455 million “"After the retooling process needed for our next generation pick-up trucks and special utility vehicles, our annual capacity would be around 120,000 units” Steve Carlisle, GM chief executive for South East Asia Note: US$1=BT32.85 and SEK1=BT4.57 in Q1,2010

  6. Bayer AG “There will be a minor impact from the political situation, but we are confident business will grow by double digits this year to beat 2008’s record growth.” Dominikus von Pescatore, managing director of Bayer Thai Co.

  7. Terrific Rankings

  8. World Bank Ease of Doing Business 2010 Source: World Bank

  9. Consistent Improvement inInvestment EnvironmentThailand Ranks: World Bank Ease of Doing Business

  10. Top 15 Countries for FDI (2009 – 2011) Source: UNCTAD World Investment Prospects Survey, 2009-2011 as of July, 2009

  11. Promising Countries / Regions for Overseas Business Operations over the Medium-term Source: JBIC 21th Annual Survey Report on Overseas Business Operations by Japanese Manufacturing Companies, Nov 2009

  12. Trade and Investment

  13. Trend of EU Applications Source: BOI, as of May 26, 2010 Note: Exchange rate £1 = Bt49.38 in Apr 2010

  14. EU Investment Applications Totals by Sector: 2004 – 2010 (Jan – Apr) Source: BOI, as of May 26, 2010 Note: Exchange rate £1 = Bt49.38 in Apr 2010

  15. Trend of U.K Investment Applications Source: BOI, as of May 26, 2010 Note: Exchange rate £1 = Bt49.38 in Apr 2010

  16. U.K Investment Applications Totals by Sector: 2004 – 2010 (Jan – Apr) Source: BOI, as of May 26, 2010 Note: Exchange rate £1 = Bt49.38 in Apr 2010

  17. Thailand – U.K Trade between 2002 – 2010 Unit: £ Billion Source: MOC, as of May 26, 10BOT/Exchange Rate (2002-2010) Yearly Average Basis

  18. Principal Exports to U.K Unit: £ million Source: MOC, as of May 26, 10BOT/Exchange Rate (2007-2010) Yearly Average Basis

  19. Principal Imports from U.K Unit: £ million Source: MOC, as of May 26, 10BOT/Exchange Rate (2007-2010) Yearly Average Basis

  20. Update on BOI Policies

  21. Liberal Investment Policy No foreign equity restrictions in manufacturing sectors 100% foreign ownership possible in many services No restrictions on foreign currency remittances No export requirement No local content requirement

  22. Activities Eligible for BOI Investment Promotion Agriculture and Agricultural Products Mining, Ceramics and Basic Metals Light Industry Metal Products, Machinery and Transport Equipment Electronic Industry and Electric Appliances Chemicals, Paper and Plastics Services and Public Utilities

  23. Package of Privileges and Incentives TAX Incentives NON-TAX Incentives • Import duty reductions or exemptions on machinery and raw materials • Corporate income tax holidays up to 8 years; additional 50% reductions for 5 years • Double deduction of public utility costs • Deductions for construction/installation costs infrastructure • 100% ownership land rights for foreign investors • Permission to bring in foreign experts and technicians • Work permit & VISA facilitation STI Policy – Additional Incentives

  24. BOI Zoning Decentralization Zone-Based Incentives: • Zone 1 • Zone 2 • Zone 3

  25. Zones Sector Matrix: Incentives to strengthen competitiveness Zone-Based Incentives: • Zone 1 • Zone 2 • Zone 3 • Strategic or Priority Industries • Maximum incentives regardless of location • Customized packages

  26. Revision of Promoted Activities September 2009 • BOI activities are regrouped • 4 new activities added: • Nano materials and products from nano materials • Musical instruments • CBU or CKD of houses • Service industrial estates

  27. January 2010 The new direction will encourage “Investment for Sustainable Development”

  28. New Policies for 2010 New direction to encourage “Investment for Sustainable Development” Certain measures of “2008-2009 Investment Year” which have expired, but are considered useful for sustainable development HRD measures necessary for a knowledge-based economy Measures to strengthen Science & Technology (S&T) development Environment and community friendly investment promotion policies: measures such as eco-town and eco-industrial estate Measures to support creative industries and healthcare industries

  29. Regional Operating HQ • ROH investments in Thailand will now receive a 15 year corporate income tax exemption: • Eligible services and transactions include R&D, business management and administration, marketing and sales promotion, advisory services and HR training. • Reduced personal income tax rate for expatriates

  30. BOI Services

  31. Investment Matchmaker Program 1-Stop for visas & work permits: work permits in 3 hours Industrial Subcontracting Services Vendors meet customers program (BUILD Unit) ASEAN Supporting Industry Database Interaction with other govt. agencies on behalf of investors Country desks Overseas offices BOI Support Services Sectional divisions to guide you through the process

  32. Staff from relevant agencies will also be available for consultations on a range of topics. Help investors with applications to make sure investors know what is required to: Register a company Apply for investment promotion privileges Obtain a foreign business license Tax registration Complete an environmental impact assessment Obtain utilities, etc. OSOS staff will also accept applications for things such as corporate name registration, corporate tax ID numbers, VAT registration, foreign business licenses, investment promotion incentives, etc.

  33. Represented Agencies at OSOS Ministry of Public Health Food and Drug Administration Ministry of Tourism and Sports Ministry of Transport Ministry of Natural Resources and Environment Natural Resource and Environment Planning and Policy Office Ministry of Commerce Business Development Department Ministry of Labor and Social Welfare Social Security Office Labor Welfare and Protection Department Ministry of Finance Revenue Department Customs Department Excise Department Investor Ministry of Interior Department of Lands Department of Public Works and Town and Country Planning Provincial Electricity Authority Metropolitan Waterworks Authority Provincial Waterworks Authority Ministry of Energy Energy Business Dept. Mineral Fuels Dept. Ministry of Industry Office of the Board of Investment Department of Industrial Work Department of Mining and Primary Industries Industrial Estate Authority of Thailand

  34. Where to Contact Us in Europe? Paris Contact: Ms. Orasa Paiboon, Director • Telephone: (33 1) 56 90 26 00 • Fax: (33 1) 56 90 26 02 • Email: par@boi.go.th

  35. Thank you

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