BOI INVESTMENT PROMOTION 2014 MARCH 2014
FROM: PUGNATORIUS Ltd., Bangkok TO: RE: Incentives, guarantees and protection under the Thailand Board of Investment promotion for 2014
Under the current legal and policy framework, the Thailand Board of Investment may grant - depending on certain requirements and smart negotiations - the follow-ing incentives, guarantees and protection to foreign direct investments in Thailand:
A. BOI Incentives I. Tax incentives
(1)Exemption or reduction of import duties on machinery. (2)Reduction of import duties for raw or essential materials. (3)Exemption of juristic person’s income tax and dividends. (4) A 50% reduction of the juristic person’s income tax. (5)Double deductions from the costs of transportation, electricity and water supply. (6) Additional 25% deduction of the cost of installation or construction of facilities. (7)Exemption of import duty on raw or essential materials for use in production for export.
II. Non-tax incentives
(1)Permit for foreign nationals to enter Thailand for the purpose of studying in-vestment opportunities. (2)Permit to bring skilled workers and experts into Thailand to work in investment promoted activities. (3)Permit to own land. (4)Permit to take out or remit money abroad in foreign currency.
B. BOI Guarantees
(1)Thailand will not nationalize the activity of the promoted person. (2)Thailand will not undertake a new activity in competition with the promoted per-son’s.