96% of foreign investors still keen in investing in Thailand: Survey

Despite the pandemic, 96% of foreign investors are still confident in investing in the country, according to a survey by Thailand’s Board of Investment (BOI).

Across 600 companies that were surveyed, findings reveal that 96% of companies will continue to invest in Thailand, 76.67% of firms will maintain the same level of investment, while 19.33% of businesses intend to increase their investment value. 

In particular, the most important factors affecting an investor’s investment decisions in the country are the preparedness of the respective industries and BOI’s investment promotion packages.

READ: Thailand moves to attract foreign investment

Under the terms of the package, investors will be able to enjoy an additional 50% corporate income tax (CIT) deduction for a period of 5 years, if they make a project investment of at least 1 billion baht (USD$33.35 million) within 12 months after getting approval to receive the package. 

To qualify, project submissions must be made from January 4, 2021 till the last working day of 2021.