The Thailand Board of Investment ("BOI") has repealed its investment promotion policy to promote International Headquarters ("IHQ") and International Trading Center ("ITC") businesses on 11 December 2018. These two activities have been replaced with a new investment promotion activity known as International Business Center ("IBC"). This is also in line with the Thai Revenue Department's ("TRD") policy to promote the IBC scheme. The objective driving such change is to support the government's policy which aims to transform Thailand into investment hub being able to compete with regional and global players.
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