Thailand has a high chance to become the centre for regional operating headquarter (ROH), thanks mainly to the Asean Economic Community and the Kingdom's strategic location in Southeast Asia, said CB Richard Ellis.
The consulting firm also attributes the attractiveness to networks of modern infrastructures, quality skilled labor, easy access to raw materials and attractive tax incentives significantly represent a cost-effective investment for any companies who want to save costs and at the same time remain competitive.
CB Richard Ellis’ survey in 2012 showed that office space in Bangkok costs much cheaper than other regional contenders such as China, India, Malaysia, Indonesia, Singapore, or Vietnam. Taxes and Regulatory Burden are also areas in which Thailand are very competitive. Currently World Bank survey ranked Thailand no. 18 out of 185 on the countries' ease of doing business.
Government policies are also supportive and complement Thailand's apparent strengths in its position as a strategically located business hub and centre for production and regional outsourcing. Other than Regional Operating Headquarter, the Board of Investment of Thailand is also promoting the following related activities with tax and non-tax incentives very depending on the activities.
•International Procurement Offices, involving sourcing, quality control, and packaging
•International Distribution Centers
•Trade and Investment Support Offices
•Research and Development