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ARTICLE · 14 OCTOBER 2019

Thailand Plus: New Stimulus Package For Foreign Investment

Dezan Shira & Associates
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On September 6, 2019, Thailand introduced a stimulus package called "Thailand Plus" that contains a wide variety of measures to attract foreign investment.

ThailandGovernment, Public Sector
Ayman Falak
Ayman Falak

On September 6, 2019, Thailand introduced a stimulus package called "Thailand Plus" that contains a wide variety of measures to attract foreign investment.

Thailand Plus covers seven key points, including the introduction of new tax incentives and deductions as well as reforms and initiatives designed to improve the ease of doing business.

The package was reportedly designed for companies affected by the US-China Trade War that would like to relocate to another country in Asia. Authorities in Thailand hope the move will give it a competitive edge over other low-cost neighbors, like Vietnam, particularly as the Thai economy is growing at its weakest in five years, due to a downturn in exports, tourism, and farming.

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