UFC Property

Today Thailand is slowly moving forward with Thailand 4.0 strategies. Thailand will become Eastern Economic Corridor (EEC) on the east coast. Chonburi, Chachoengsao and Rayong cities ,which are the main export/import trading cities and also have a lot of factories, were expected to become modern cities and foreign attraction cities.
According to EEC project in future, Asia’s Premium Real Estate Magazine announced that Real Estate Market in Pattaya especially condominiums around Jomtien Beach have already been sold 81% in the last quarter of 2018.
Colliers International Real Estate Advisory Senior Manager said foreigners were still waiting to buy the condominium although the Law allows only 49% foreigners to buy the estate. Therefore, the Thai government has proposed condominium to have 100 % foreigners built in the EEC project.

Thailand leaps 6 spots in 'Ease of doing business' ranking

Thailand moved up six places to 21st out of 190 countries in the World Bank’s 2020 ease of doing business rankings. An economy’s ease of doing business score is reflected on a scale from 0 to 100, where 0 represents the lowest and 100 represents the best performance. The country scored 80.1, slightly below Malaysia, ranked 12th, with a score of 81.50 and Singapore, ranked 2nd, with a score of 86.2.

1. Starting a business – 92.4
2. Dealing with construction permits – 77.3
3. Getting electricity – 98.7
4. Registering property – 69.5
5. Getting credit - 70
6. Protecting minority investors - 86
7. Paying taxes – 77.7
8. Trading across borders - 84.6
9. Enforcing contracts – 67.9
10. Resolving insolvency - 76.8

Thailand saw a significant improvement in both score and ranking in two indicators:
• dealing with construction permits, which ranked 34th with a score of 77.3, up from 67th with a score of 71.9 in 2019; and
• protecting minority investors, ranking 3rd with a score of 86, up from 15th with a previous score of 75.

Mr Uttama attributed the jump in World Bank ranking to the government's efforts in streamlining the approval process for doing business, adopting digital systems for government services, and improving rules and regulations to catch up with changes in business, beefing up its competitive edge.

Source: Bangkok Post