Under the activity no. 5.4.11.5, the Thai Board of Investment (BOI) promotes the manufacture of other metal products including other metal parts. To become eligible for this promotion, the project must have a metal forming process such as machining, stamping and bending.
Once promoted, the company can be granted with basic incentives without corporate income tax exemption as follows:-
- Exemption of import duties on machinery
- Exemption of import duties on raw materials used in R&D
- Exemption of import duties on raw materials used in production for export
- Non-tax incentives such as:
- Eligibility to own land for factory and business operation
- Eligibility to hire foreign nationals with less restriction in obtaining work permit and visa
- Eligibility to bring in skilled workers and experts to work in the promoted business
- Eligibility to take out or remit money abroad in foreign currency
Contact Thai Lawyers for consultation and assistance in getting BOI promotion, Thai company registration and work permit & visa application.