Thailand

ASEAN's second-largest economy with a well-developed manufacturing sector, strong infrastructure, and a strategic position as a regional automotive hub.

#0

Ease of Doing Business

$0

Per Capita Income

$0B

FDI Inflow (USD)

0.0%

Export Growth

0

FTAs Signed

Economic Overview

$515B

GDP

72M

Population

2.8%

GDP Growth

Automotive & EV ManufacturingTourism & HospitalityElectronicsAgriculture & Food Processing

Thailand has long been a manufacturing powerhouse in Southeast Asia, known as the 'Detroit of Asia' for its automotive sector. The country is now pivoting towards high-value industries including EV production, digital economy, and medical tourism through its Eastern Economic Corridor initiative.

Business Environment

20%

Corporate Tax

Thai

Currency

UTC+7

Time Zone

Capital

Bangkok

Business Hubs

BangkokEastern Economic CorridorChiang MaiPhuket

Regulatory Highlights

Board of Investment (BOI) incentives for targeted industries
Eastern Economic Corridor with special privileges
Well-established legal framework for foreign investment
Thailand 4.0 policy driving digital transformation

Why Businesses Choose Thailand

Strong manufacturing and supply chain infrastructure
Strategic location in the heart of mainland Southeast Asia
Well-developed transportation and logistics networks
Attractive BOI tax incentives for qualifying investments

Digital & Market Access

Internet Penetration88%
Smartphone Adoption78%

Major E-Commerce Platforms

ShopeeLazadaTikTok ShopLINE Shopping

Digital Payment Landscape

PromptPay national payment system enables instant transfers. Mobile banking adoption is high, with TrueMoney and Rabbit LINE Pay gaining ground.

How GAP Helps in Thailand

Our on-ground expertise and local partnerships help you navigate every aspect of doing business in Thailand.

Company Formation

BOI-promoted company setup and foreign business licensing.

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Commercial Growth

Channel development and local partnership facilitation.

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Operational Support

Back-office management and vendor coordination.

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HR & Workforce

Local recruitment, payroll, and work permit processing.

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Ready to Expand into Thailand?

Let's discuss how GAP can help you navigate market entry and accelerate growth in Thailand and across Asia.

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