Thailand well suited for operating headquarters
Thailand has a high chance to become the centre for regional operating headquarters (ROH) of international corporations thanks to the forthcoming Asean Economic Community and the Kingdom's strategic location in Southeast Asia, said CB Richard Ellis.
The consulting firm also notes as Thailand’s advantages its networks of modern infrastructures, quality skilled labour, easy access to raw materials and attractive tax incentives, which represent a cost-effective investment for any companies seeking to cut expenses and remain competitive at the same time.
The company’s 2012 survey showed that office space in Bangkok remained much cheaper than that in regional contenders such as China, India, Malaysia, Indonesia, Singapore, or Vietnam. Taxes and regulatory burdens are also areas in which Thailand is very competitive. A World Bank survey ranked Thailand 18th out of 185 countries on the ease of doing business.
Government policies are also supportive, complementing Thailand’s apparent strengths in its position as a strategically located business hub and centre for production and regional outsourcing. Other than regional operating headquarters, the Board of Investment is also promoting the following related activities with tax and non-tax incentives, depending on the nature of businesses.
•International procurement offices, involving sourcing, quality control, and packaging;
•International distribution centres;
•Trade and investment support offices;
•Distribution centres;
•Research and development.
