The Thai government is considering tax incentives to encourage investors to set up venture capital funds to invest in small and medium-sized companies, and companies that have been restructured.
The finance ministry's proposal requires both domestic and foreign investors to commit a minimum of 80% of total capital for at least seven years, in a bid to promote longer-term private investment and increase industrial activity.
The aim is to offer investors potential for solid returns in companies in need of capital. The Thai Fiscal Policy Office is examining a preliminary outline of the plan.
The proposal is at an early stage and issues such as the investment ratio for different types of businesses still need to be worked out.
