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Investment privileges have long been one of the various measures applied by the Thai Government to attract foreign investment to Thailand and to support the Government�s goal of decentralising Thailand�s industrial base. One key investment incentive set up by the Board of Investment (BOI), the agency directly responsible for investment promotion, is tax and duty privileges for promoted projects.
To consider whether the activity is eligible for BOI privileges, Thailand BOI has listed the activities in many categories. Please note that the same activities located in the different area are entitled to receive varying level of privileges.
The promoted activities are divided in seven categories as follows:
relief from or reduction of import taxes/duties on both machinery and raw or essential materials
Also under the scheme, foreigners receiving BOI promotion together with their family members are allowed to undertake investment feasibility studies and to work on promoted projects.
In addition, any juristic person where more than forty percent of shareholders are aliens and which is granted a promotion certificate from the Board of Investment (BOI) is permitted to own land if approved by the BOI without any further investigation by the Land Department (according to Section 27 of the Investment Promotion Act B.E. 2520 of 1977).
On behalf of international clients, a corporate lawyer in Thailand with a depth of experience can assist in setting up and registering Thai and Amity treaty companies. Our legal counsel and business consultants are strong in business and conflict resolution experience. That depth of experience, coupled with a contemporary perspective, means our corporate lawyers and business consultants tend to be forward- thinking and innovative in satisfying client needs.
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