THAILAND CONSIDERS EXPRESS VISA ISSUANCE TO LURE FOREIGN BUSINESS

BANGKOK, Thailand The Thai government is planning to amend its foreign business law to boost inbound investment, as it tries to stimulate economic growth to catch up with its neighbours, Nikkei Asian Review reported.

The country’s junta is considering measures it hopes will draw foreign businesses and investments to its Eastern Economic Corridor, the much-flagged special economic zone aimed at developing high-tech industries such as biochemicals, petrochemicals, robotics, aviation and electric vehicles.

The measures under consideration include a “smart visa” programme which would give express visa issuance to selected applicants that the government sees as vital to economic development, sources said.

It aims to attract science and technology experts, senior executives, investors and startup business talent.

Source: NAM News Network

Post Author: thailandmirror.com