Special Economic Zones in Thailand
Updated on Monday 20th February 2017
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Thailand is a major investment hub for worldwide businessmen, which is why the special economic zones were necessary. The country makes no exception and operates different free trade zones to help companies in Thailand to benefit from numerous tax exemptions for products before entering the market or leaving to other important markets. If you want to open a company in Thailand, it is good to know that you can receive suitable and complete details about the special economic zones from our company formation agents in Thailand.
The benefits of registering a company in the free zones of Thailand
A free zone or a special economic zone in Thailand can offer lots of benefits for important trade companies that perform activities on the market. The main advantages are related to the financial matters for imported products from other states, with commercial purposes in Thailand. For instance, machinery or other equipment are exempt from duty fees or other taxes. The investments made under the BOI (Board of Investments) provisions in Thailand can be exempt from 3 years of corporate tax and then an established tax rate of 10% for the next 8 years will be stipulated.
The activities of a company under the BOI promotion status in Thailand can enjoy the special economic zones which include important sectors like agriculture, light industry, electronic goods, metal and chemical products. The company registration in Thailand can be an easy process if you solicit help and guidance from our representatives in company formation in Thailand. Besides that, you can ask for suitable guidelines if you want to open a company in Thailand.
The cities with free zone status in Thailand
Chiang Rai, Sa Kaew, Mukdahan, Nong Khai, Nakhon Phanom, Narathiwat, Tak, Trat, Songkhla, and Kanchanaburi are cities with special economic zones status, considered border towns. If you want to register your company in the free trade zones in Thailand you must consider the important conditions in this matter, such as:
• make proof of the activities of your company, such as import and export;
• secure a lease convention for space manufacturing;
• provide the minimum share capital of $ 62,000.
After drafting the company’s documents, the authorities in charge will grant you the status of an enterprise that legally makes businesses in the special economic zones in Thailand.
Additional information and details about the free trade zones in Thailand can be obtained from our experts in company formation in Thailand, if you get in touch with us.