Investment Promotion for Manufacture of Hard Disk Drive
Since the last decade, Thailand has been the biggest manufacturer of hard disk drives. Thailand offers low cost, literate and high quality labour and national infrastructure that facilitates the export market. The big digital companies are now manufacturing their products in Thailand to take advantages of these benefits. The Board of Investment promotes the business of hard disk drive manufacture with the conditions and incentives that could help you as listed below.
Conditions:
– The areal density of hard disk drives must not be less than 2,000 gigabits per square inch.
– The cost of refurbishment of existing machines will be regarded as an investment and will be included in the calculation of corporate income tax exemption cap. That means the original cost of those existing machines can not be regarded as an investment. Normally in other BOI promoted categories, the machinery to be counted as investment in the business must be new.
Incentives:
- An exemption of corporate tax for 8 years. The total amount of the tax exempted is not more than the total amount of investment you make in the promoted business.
- Exemption of import duties on machinery
- Exemption of import duties on raw materials used in production for export
- 100% foreign ownership
- Permit to own the land
- Permit to bring skilled workers and experts into the Kingdom
Get in touch with us so we can help you set up your BOI company in Thailand.