Investment Seminar Thailand Spain 2019

Spain ASEAN Business Association Investment Seminar Thailand 2019

Spain ASEAN Business Association Investment Seminar Thailand 2019

The overdue boost for Thai-Spanish investments and business relationship started today

The business relationship between Thailand and Spain are grossly disproportionate to the relevance to both countries in its respective region. Thai inbound foreign direct investments consist mainly of 36 Spanish companies, while outbound foreign direct investments count three Thai companies (Indorama Ventures, CP group, Minor) investing in Spain only. It is the intention of Thailand’s Board of Investment as well as the Ambassador of Spain to the Kingdom of Thailand to promote and encourage investments in both directions to give both countries the due place in the FDI statistics.

Driving force in doing so is the Spain ASEAN Business Association, the organizer and promoter of the investment seminar “How to do business in Thailand and Spain” which took place on May 21, 2019 at the Offices of the Board of Investment in Bangkok. This milestone event has been kindly supported by the BOI as well as AVCO Legal, an international law firm and cooperation partner of PUGNATORIUS Ltd.

Outbound foreign direct investment opportunities for Thailand’s industry

The event had been inaugurated not only by high-ranking officials of the BOI but also by H.E. the Ambassador of Spain to the Kingdom of Thailand. Business opportunities in Spain have been outlined by the Economic and Commercial Counselor of Spain at the Embassy of Spain in Bangkok. The former Ambassador of the Kingdom of Thailand to Spain presented her personal perspective. Various Spanish and Thai companies, as well as the Federation of Thai industries, added their valuable perspective on Thai-Spanish business relations. PUGNATORIUS Ltd. gave a presentation regarding the legal, tax and regulatory framework for Thai outbound investments abroad:

Thai outward investments will gain in importance not only for Thailand’s economy but also for foreign companies, looking for an investor in their industry, property, and people. Solid knowledge regarding the do’s and dont’s will be the key to success.

Professional support on Thai OFDI for Thai companies and foreign targets is further explained at “Thailand goes abroad: Thai outbound investment support.”

Disclaimer: A little knowledge is a dangerous thing. This low-resolution high-level outlook constitutes neither legal advice, nor an attorney-client relationship, nor equips with the insights, tools or skills to do this without the law firm.

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