The Board of Investment (BoI) has agreed to enforce a new investment regime by the beginning of 2015, giving more than 19 months for investors to adjust their investment plans to comply with the upcoming industrial-preference criteria.
The BoI board meeting on Friday chaired by Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong agreed investment applications submitted from now to the end of next year are subject to incentives under the current zone-based investment policies. It also feels the new investment criteria will make Thailand a more attractive investment destination.
Industry Minister Prasert Boonchaisuk said the drafting process of the new criteria will be completed this December with a prospect of implementing it starting in 2015. One goal is to enhance transparency in investment and development processes.
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