To attract more investors, Thailand has provided tax and non-tax privileges to companies promoted under the Investment Promotion Act of Thailand.
Tax privileges include exemption and reduction of corporation income tax on the net profit and dividends to save profits of the promoted companies for reinvestment and creation of new projects, exemption of import duties on machinery and raw materials; and double deduction from the costs of transportation, electricity and water supply.
Non-tax privileges can be provided in the form of work permits for foreign experts and technicians, land ownership, and permission to take out or remit money abroad in foreign currency. To obtain both tax and non-tax privileges, an application for investment promotion and supporting documents must be filed with the Office of the Investment Promotion and the relevant procedures must be complied with. We have extensively assisted our clients to obtain the investment promotion certificate across different industries.