BOI EDI Thailand

Chemicals Industry

admin — Sun, 07 Mar 2010 06:32:50 +0000

With a well-developed infrastructure from production to logistics, the trillion-baht chemical industry is one of Thailand’s most vibrant business sectors. The country’s foreign trade in chemicals hit 463 billion baht in 2009, and domestic sales were nearly triple that as makers also play a strong supporting role for other sectors such as food processing, plastics, detergents, textiles, automotives, furniture, pharmaceuticals and water purifcation.

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Investments Application Surge

admin — Sun, 07 Mar 2010 06:26:19 +0000

Thailand’s investment picture continues to be one of bright prospects and favorable confidence as 2010 builds on impressive reports.

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BOI-JCC Consultative Meeting

admin — Sun, 07 Mar 2010 06:25:08 +0000

In a gathering of long-time friends and forward-looking business leaders, Thai government off icials and Japanese investors aired concerns and shared ideas on continued development. The meeting on 28 January, which brought together representatives of the Thailand Board of Investment (BOI) and the Japanese Chamber of Commerce, Bangkok (JCC), looked at business topics ranging from the government’s latest investment measures to progress on the situation in Map Ta Phut.

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Want to reduce Overheads?

admin — Wed, 03 Mar 2010 18:27:44 +0000

If you own/operate a factory in your home country consider relocating to Thailand where production costs can be lowered significantly and profits increased dramatically.

For more information on how you can achieve this contact us now.

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Why Chiang Mai?

admin — Fri, 22 Jan 2010 14:21:59 +0000

Why Setup in Chiang Mai?

There are many reasons why to setup your business in Chiang Mai, the north of Thailand. Here are just a few points:

Lower Labour costs.
Lower Land lease/purchase costs.
BOI Free Zone
High educational standards of local employees as compared with other areas.

If you would like to know more, attending one of Networking One’s functions where you gain a better understanding of business in the north of Thailand before committing to any province would be advisable.

More information on these functions can be found here

New BOI Policy Measures The Thailand Board of Investment

admin — Sat, 19 Dec 2009 06:39:36 +0000

New BOI Policy Measures The Thailand Board of Investment, at its meeting on 16 November 2009, announced that from January through October of this year it had received 929 investment applications worth THB 333.4 billion, with those from Asia, particularly China, South Korea and India being strong. And, that investments made for expansion of projects during this period were mostly from small and medium sized projects in electronics, machinery and power generation. The investment projects approved during this 10-month period for a total value of THB 44 billion included those by Sharp Appliances, Power Generation Supply Company Limited, and Mermaid Offshore Services. Read more…

World Bank : Optimistic for Thailand

admin — Sat, 19 Dec 2009 05:15:58 +0000

World Bank : Optimistic for Thailand

“East Asia’s rebound from the economic downturn has been surprisingly swift and very welcome,” begins the recently released World Bank East Asia and Pacifc Update Transforming the Rebound into Recovery. While most the steam for the move forward has been provided by the region’s economic powerhouse China, the news coming from Thailand is also positive for 2010, and as one World Bank economist noted, “But we’re now optimistic about the second half of 2009.”

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OSOS to Make Investment Easier

admin — Sat, 19 Dec 2009 05:11:14 +0000

Amid much fanfare and optimism, the One Start One Stop Investment Center (OSOS) opened 23 November 2009 in a ceremony featuring a distinguished guest list and pro-business speeches by Thai government leaders.

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Low and Middle-Income Housing Relief

admin — Sat, 08 Aug 2009 05:50:26 +0000

Since 1993, the Board of Investment has promoted the development of medium and low-income housing. At the June 10 meeting, the Board deemed it appropriate to adjust the conditions and pricing for promoted projects to reflect the current market situation. Noting that investors incur the primary costs of property and construction materials, which comprise about 70-80% of the total cost, Industry Minister Chanchai Chairungruang said that “due to the increase in wage rates, the committee has allowed investors to increase the selling prices” of projects under BOI promotion.

Under the adjusted conditions, projects must construct a minimum of 50 units, regardless of location. In Zone 1, apartment buildings must have area of at least 28 sq.m. per unit and a maximum selling price of Bt 1 million. Townhouses or single detached houses in Zone 1 must not be less than 70 sq.m. with a maximum sale price of Bt 1.2 million. In Zones 2 and 3, the sale price and minimum area have remained the same at 31 sq.m. per unit and a maximum of Bt 600,000 per unit.

Board of Investment Announces New Investment Scheme for Automotive Industry

admin — Sat, 08 Aug 2009 05:43:11 +0000

Conditions relaxed for low and middle-income housing and expanded for new listings in capital market

At its 10 June 2009 meeting, the Board of Investment (BOI), chaired by H.E. Prime Minister Abhisit Vejjajiva, approved a new incentive scheme for the automobile industry, revised conditions related to low and middle-income housing projects, and removed limitations on the corporate income tax waiver for companies listing on the Stock Exchange of Thailand (SET) or Market for Alternative Investments (MAI).

Automobile Projects
To attract foreign direct investment in the automobile sector and to expand the range of opportunities for manufacturers of automotive parts and components, the Board announced it would promote large-scale investments for vehicles not yet produced in Thailand that use new technology. The new policy, which is designed to attract international automakers looking to restructure by relocating their production facilities to a more competitive location, offers exemption of import duties on machinery, regardless of location, and corporate income tax holidays of five years for projects investing a minimum of Bt 10 billion (excluding land cost and working capital) and six years for projects investing a minimum of Bt 15 billion (excluding land cost and working capital).

In addition, projects that apply under this promotion scheme during 2009 will receive an additional year of corporate income tax holiday. Total corporate income tax exemption under this promotion scheme may not exceed the capital investment, not including land and working capital.

To be eligible for this new policy, companies must submit their project application by the end of 2010, must invest a minimum of Bt 10 billion, exclusive of land cost and working capital, must invest in a new assembly line, must include the production of a new model that has never been manufactured in Thailand, and must be equipped with high-technology systems (e.g. hybrid drive, brake energy regeneration, electronic stability control, etc.), as approved by the Board of Investment. Actual production must be at least 100,000 vehicles per annum in any year during the frst fve years of operation and the company must submit their investment plan/sourcing plan for parts and component to the Board of Investment.