Regulatory/market assessment

摘要

1.In September 2021 the National Economic and Social Development Council proposed long-term resident visas, including work permits, to qualified investors, pensioners and highly skilled professionals. The cabinet approved the recommendation the same month, and the measures may be implemented in 2022.2.In October 2021 the Board of Investment approved an incentive to grant a three-year corporate tax exemption to investment projects that improve manufacturing processes by upgrading technologies or using digital services, such as cloud computing. This is in line with the Thailand 4.0 strategy, which aims to transform the country into a sophisticated manufacturing and technology hub.3.In September 2021 the government extended a five-year corporate income tax exemption to the production of all types of electric vehicles (EVs), as well as development of battery EV platforms such as energy storage systems and charging modules. The incentives are in line with Thailand's aspirations to remain south-east Asia's vehicle manufacturing hub and to become the region's leading maker of electric cars. Additional incentives target production of semi-conductors.