Thailand continues to industrialize although it is dependent on foreign industrial machinery for immediate future.
At present, there is a high demand for the following machinery:
- Food and farm machinery
- Alternative energy/energy conservation machinery
- Textile machinery
- Automotive machinery
- Mould & Die industry
Moreover, specific Industrial Machineries needed are as follows:
– Turning machines
– Drilling machines
– Milling machines
– Grinding machines
– Machine Centers
– Gear Cutting & Finishing Machines
– Die Sinking EDMs
– Wire Cut EDMs
– Laser Beam Machines
– Plasma Arc Cutting Machines
– Electron Beam Machines
– Broaching Machines
Hence, the BOI grant 8 year cap-free corporate income tax holidays and exemption of machinery import duties.
Such Priority Activities are as follows:
– Manufacture of machinery, equipment and parts that have engineering design
– Manufacture of farm machinery/equipment and food processing machinery/equipment
– Manufacture of energy-conserving machinery/equipment and machinery/equipment using alternative energy
– Manufacture or repair of mould and die
– Manufacture of other machinery, equipment and parts
Contact Thailawyers for Thailand BOI promotion, company registration, visa and work permit application.