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Thailand: Govt panel mulls ways to facilitate visits by foreign business people and investors

  • Oct 07, 2020
The Centre for Economic Situation Administration (CESA) is holding discussions on further opening the country to foreign business people, while the Finance Ministry is planning new measures to stimulate the domestic economy.

Government Spokesman Anucha Burapachaisri said that the CESA would discuss on Wednesday the details of rules and regulations for more entrepreneurs and foreign investors to enter the country. Special Tourist Visa (STV) details may also be considered to allow more foreigners to enter Thailand.

The major issue of debate is how to facilitate travel by entrepreneurs and foreign investors, as this group would be inconvenienced by 14 days of quarantine for a short-term visit. Originally, the practice was to have them test at the country of origin and to test for Covid-19 again when they reach Thailand, without mandatory quarantine. A travel manager who is a qualified Thai medic or public health personnel was to oversee the trip. However, there are proposals that the business partner or business negotiating company should take responsibility.

Anucha said the Centre for Covid-19 Situation Administration has approved approximately 11,000 business people and work permit holders to enter the country, and these people has agreed for 14 days of alternative state quarantine.

Meanwhile, the Ministry of Finance will on Wednesday offer additional measures to stimulate domestic consumption, targeting middle-income earners and upper middle-income people in purchasing goods and receiving tax deductions. They would grant tax deduction up to Bt50,000 to incentivise people with income and purchasing power to buy products during the fourth quarter of this year.

Source: https://www.nationthailand.com/business/30395724?utm_source=category&utm_medium=internal_referral