ANNOUNCEMENT 15 Dec 2011In December 2011, the government of Thailand announced changed incentives for foreign investors entering the country.
NUMBER OF INTERVENTIONS
UNCTAD World Investment Report 2012, Chapter III: Recent Policy Developments: http://www.unctad-docs.org/files/UNCTAD-WIR2012-Chapter-III-en.pdf
Bank of Thailand Press Release no. 58/2011: http://www.bot.or.th/Thai/PressAndSpeeches/Press/News2554/n5854e.pdf
On December 15, 2011, the Bank of Thailand published the "Policy Guideline Permitting Foreign Banks to Establish a Subsidiary in Thailand". Henceforth, foreign banks that currently operate branch offices in Thailand may be converted into subsidiaries. Subsidiaries of foreign banks can have a maximum of 20 branches and 20 off-premise ATMs in the country.
Since only banks that already operate branches in Thailand may convert their branches into subsidiaries, the countries of origin of these banks (listed in the policy guideline) are identified as the affected trading partners.