Acclime Thailand

Join Acclime at DEX Connex 2023: Thailand-Malaysia Business Collaboration Forum where it brings together the best of Thai and Malaysian tech leaders to foster collaboration and ignite innovation.

Ashmin Burathoki, Acclime Thailand’s Client Services Director, and Henry Ng, Acclime Malaysia’s Managing Partner, will be sharing their insights on Do’s and Don'ts of doing business in Thailand.

A networking session follows, so you can connect with us to explore your potential business expansion in Thailand, Malaysia, and beyond. Participation is free of charge.

Event details:
🗓️ Date: Tuesday 21 November 2023
⏰ Time: 9:00am-6:00pm (GMT+7)
📍 Location: True Digital Park, West building, 3rd floor, (Grand Hall 2-3), Bangkok, Thailand

👉 Register now: https://hubs.la/Q0294CVs0

Thailand-Malaysia Business Collaboration Forum, DEX Connex 2023 Thailand-Malaysia Business Collaboration Forum, DEX Connex 2023

Asia is expected to be one of the most enticing regions for business investors over the next two decades. Long-term prospects remain positive, as developing Asian markets focus on consumer-class development, digital transformation, and rapid urbanisation.

🆙 These are the top five emerging markets in Asia by GDP in 2023:

🔸 China
China has been one of the world's fastest-growing economies, averaging over 10% during the last 30 years. China faces significant geopolitical, environmental, and ageing population challenges. However, already second in terms of nominal GDP, it is estimated to overtake the U.S. as the world's largest economy by 2028.

🔸 India
Now with the world’s largest population, India's economy has been growing steadily at comparatively high rates. India's growth rate is predicted to stabilise at 8% over the next few decades, thus making it the world's fastest-growing economy.

🔸 Indonesia
Indonesia's emerging market economy features rich and diverse natural resources, controlled inflation, political stability, and relatively developed financial systems. It is understandable why many business owners are enthusiastic about investing in a country with over 277 million people, GDP growth of around 5% per year, and a growing middle-class consumer market.

🔸 Thailand
Thailand has a robust and growing middle-class consumer market, with the private sector as the main growth engine. The economy is well integrated into the global market, with exports accounting for more than 70% of GDP. It also has a large industrial sector and a strong and growing services sector, mainly focused on tourism and finance.

🔸 Vietnam
Vietnam is one of the world's fastest-growing economies due to a shift in labour allocation from agriculture to manufacturing and services. Even though Vietnam's GDP growth is expected to slow from 2021 to 2040 compared to the previous decades, the country's economy is well-positioned to remain a strong performer.

👉 Find out more about top emerging markets in Asia: https://hubs.la/Q027vSC_0

Like and follow Acclime for insightful Asia-Pacific business guidance and stay updated with relevant changes.

Did you know Thailand's Board of Investment (BOI) has broadened the list of qualified businesses for promotion?

Eligible businesses are strongly advised to apply for BOI promotion to remove administrative hurdles and quotas and gain the maximum benefits of doing business in Thailand. The BOI provides a range of tax and non-tax incentives for activities within the ten following categories:

1️⃣ Agriculture, food, and biotechnology - Economic forest plantation, slaughtering, future food, biochemicals, etc.
2️⃣ Healthcare - Medical devices and parts, medicines, health care services, hospital, rehabilitation center, clinical research, etc.
3️⃣ Machinery and vehicles - Automation machinery, equipment and parts, scientific equipment, camera lenses, sunglasses lenses, eyeglasses frame, etc.
4️⃣ Electrical appliances and electronics - Electronic devices and parts, data and memory storage, optical fiber devices, solar cells, etc.
5️⃣ Metals and materials - Minerals, mining, iron and steel, etc.
6️⃣ Chemicals and petrochemicals - Industrial chemicals, petrochemicals, plastics, pulp and paper, etc.
7️⃣ Public utilities - Electricity, industrial water, recycling and reuse, real estate development for industrial use, etc.
8️⃣ Digital industry - Software development, digital platforms, digital content, data centers, cloud services, co-working spaces, etc.
9️⃣ Creative industry - Garments and household textiles, gems and jewelry, furniture, sports equipment, musical instruments, motion picture production, etc.
🔟 High-value services - Scientific laboratories, amusement parks, hotels, commercial airports, etc.

If your business falls into any of these categories, apply for BOI promotion to enjoy a series of tax and non-tax incentives.

Unsure where to begin? Acclime provides a complete BOI company registration package for a smooth and seamless process.

📞 Get in touch with us here: https://hubs.la/Q0262C5n0

Spotlight on AI at Fintech Festival Thailand 2023.

Fintech Festival Thailand 2023 will be held from 27-28 September. The event brings together international fintech leaders and companies from different financial sectors under one roof to showcase and discuss the latest developments and ideas of the industry.

This year's topics feature the role of AI and machine learning in fintech, the future of payment and digital banking, digital assets, emerging investment trends, and the intersection of privacy and cybersecurity.

🗓️ Date: 27-28 September 2023
📍 Location: Royal Paragon Hall, Bangkok

Fintech Festival Thailand 2023 | FTF Asia | Global forum-exhibition in Bangkok, Thailand. Royal Paragon Hall. Top speakers from all over the world, best international companies and 15,000 attendees Fintech Festival Thailand 2023 | FTF Asia | Global forum-exhibition in Bangkok, Thailand, 27-28 SEP, Royal Paragon Hall. Top speakers from all over the world, best international companies and 15,000 attendees

The fintech industry in Thailand has been growing rapidly in recent years, driven by technology advancements, well-designed regulatory frameworks, and government incentives. Currently, it ranks fifth in fintech funding among Southeast Asian countries, and has set its sights on solidifying its digital monetary systems.

By far the most flexible and advantageous route for establishing fintech operations in Thailand is via the country’s Board of Investment. But making a successful application to the BOI is not for the inexperienced!

You can find out more here: https://hubs.la/Q021JGdV0

Establishing A Fintech Business In Thailand | Acclime Unlock Thailand's fintech potential with BOI Certification: Tax incentives, regulatory insights, and strategic pathways for thriving in the region.

Acclime Fintech Week kicks off today!

Acclime Fintech Week from 11-17 September 2023 is dedicated to sharing insights into navigating the fintech regulatory landscapes across Asia.

On Tuesday 12 September 2023, you will get an opportunity to join the webinar: Exploring fintech ecosystems across four markets in Asia-Pacific: Australia, Indonesia, Singapore, and Vietnam. Our experts discuss the differences between the markets and their unique features, including consumer behaviours, market maturity, and regulatory nuances.

🎟️ Last minute registration: https://hubs.ly/Q021zz0g0
📝 Event details: https://hubs.ly/Q021zz350

And for the entire week, we will be releasing a series of guides and case studies, enabling you to better understand fintech businesses and regulations across diverse markets in Asia-Pacific.

Whether you are an industry professional seeking to expand your fintech business or an enthusiast curious about the evolving financial technology landscape, Acclime Fintech Week offers an exceptional opportunity to grasp the intricacies of these markets and their fintech potential.

Follow our page and stay tuned.

Thailand’s Board of Investment (BOI) offers lucrative tax, foreign ownership and other incentives to businesses expanding here. Acclime’s team of BOI specialist lawyers would love to assess whether your business qualifies for the incentive programme. Get a free consultation.
https://hubs.la/Q01Ps3MH0

Thailand’s existing position as a major auto manufacturing hub in Southeast Asia is helping the Kingdom become a leader in electric vehicle (EV) production. The Board of Investment (BOI) incentive schemes are a key driver in attracting foreign companies to expand here. Acclime Thailand has a team of commercial lawyers specialising in BOI certification across all industry sectors, however the automaking sector is really standing out.

Thailand emerges as major link in EV supply chain - Thailand Business News With its well-established automotive industry and strong government support, Thailand aims to become the EV hub of ASEAN and a major player in the global EV supply chain

This article guides you through the steps of changing jobs in Thailand without leaving the country.

An employee working in Thailand will likely face the situation of having to switch jobs and this is not as easy in Thailand since both the work permit and visa are tied to a specific job and resignation at your workplace leads to losing both.

Read more:https://hubs.la/Q01M9gg60

Follow Acclime Thailand to learn more about this subject and other relevant insights for international investors operating in Thailand.

Changing A Job In Thailand Legally | Acclime Thailand This guide takes you through the steps of changing jobs in Thailand without leaving the country to obtain a new visa and work permit.

Using AI in government increases openness and guarantees everyone the same opportunities to benefit from government programmes and services. Making progress in artificial intelligence necessitates adjusting to the contemporary period and lending a hand in resource management. The First Open AI Hack Fest: Revolutionising Business with Open AI was launched in Thailand with the OpenAI HackFest event.

Read more:https://hubs.la/Q01Lrwgm0

Follow Acclime Thailand to learn more about the business requirements in Thailand and stay updated with relevant changes.

www.opengovasia.com

Are you considering expanding your company internationally? There are two main options you can choose from: establishing a legal entity or employing an EoR.

Incorporating a legal entity can be a good decision if you are planning to establish a permanent presence, directly hire employees and conduct business activities in Thailand. However, if the purpose is just to explore the market, support existing customers or conduct marketing activities, engaging with a EoR provider would be a more suitable choice.

To find out more about which choice is the best option for your business, continue reading our guide on a comparison of incorporation vs EoR in Thailand.
https://hubs.la/Q01KVM6H0

Follow Acclime Thailand to learn more about doing business in Thailand and stay updated with relevant changes.

# Thailand

Incorporation Vs Employer Of Record (EoR) In Thailand Every company exploring expanding into Thailand has two options: incorporating a legal entity or employing its staff via an employer of record, depending on how far it is in the process.

Thailand's economy is expected to expand 3%-4% this year and monetary and fiscal policies must work together to ensure economic growth and stability, the finance minister said on 22 March.

Read more:https://hubs.la/Q01JMchY0

Follow Acclime Thailand to learn more about the business requirements in Thailand and stay updated with relevant changes.

Thai economy to grow 3-4% this year, policy rate to ensure recovery - finmin The baht currency is likely to remain volatile, driven by external factors