Thailand aims to duplicate Singapore model for startups

Capital gains tax breaks begin to attract investor funds to nascent industry

20230614N Bangkok skyline

The Bangkok skyline. Thailand is 52nd on the startup ecosystem scale, according to one ranking. © Reuters

KENYA AKAMA, Nikkei staff writer

BANGKOK -- Thailand is looking to develop its nascent startup industry by replicating Singapore's initiatives that have made the city-state into a leading incubator of entrepreneurs.

That inspiration can be seen in a move by the Thai government to establish a pathway for venture capital firms and other investors to reap tax-free capital gains from the sale of startup shares.

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