Since the Thai government has been proceeding with its plan to welcome more foreign investment, foreign investors have been found to establish more offices in Thailand, according to Government Spokesperson Chai Wacharonke.

As a result, he said, the office building business is now booming, and office building space in Thailand is on the rise, in response to the demand of foreign companies. A survey conducted by International Workplace Group (IWG), one of the largest providers of flexible workspace, shows that foreign companies realize Thailand’s potential and advantages suitable for the setting up of their regional offices here. 

For instance, the overall business environment in Thailand contributes to the well-being of employees. Thailand has quality labor and appropriate minimum wages. Thai personnel can also communicate in English and they have digital skills. In addition, the cost of living in Thailand is reasonable.

The Government Spokesperson also said that Microsoft had announced its decision to establish its first regional data center in Thailand. The company is also ready to jointly develop artificial intelligence with Thailand and the region. This will provide a good opportunity for Thailand to become a destination for regional offices and to build on other related businesses. Previously, the Thailand Board of Investment approved investment promotion for the establishment of a data center in Thailand by Australia’s NEXTDC and India’s CtrlS Datacenters (Thailand) Ltd.

The Thai government is ready to exchange ideas with foreign companies interested in setting up regional offices in Thailand in order to understand their needs and help their business growth in Thailand. Today, Thailand has implemented many measures to attract foreign investment. Among others, it grants long-term resident visas and offers corporate tax exemption for international business centers, and it has improved the one-stop service center for visas and work permits.