Thailand Set Up Border Special Economic Zones To Attract Taiwanese Businessmen

In recent years,

The establishment of the border special economic zone and the 620 million population of the ASEAN have attracted various industries such as shoemaking, furniture, clothing and traditional electronic processing industry, attracting foreign enterprises to invest and enter in recent years.

ASEAN rise, Taiwanese businessmen actively layout Thailand

At the beginning of August this year, the overseas Chinese group (1702) also announced that it would take Thailand as the base and lay out the 10 trillion dollar market of the ten ASEAN countries in the future.

In other words, Southeast Asia is a factory as well as a market.

Chen Feilong, President of the overseas Chinese group, said that because Thailand has the advantages of tax exemption and stability, it will take advantage of the tax exemption from the ASEAN to China to attack the leisure food market in China.

According to the statistics of Thailand Investment Promotion Council, the total investment of foreign enterprises reached 1 trillion 23 billion baht (Yue Hexin NT $980 billion) last year, with an annual growth of 95%.

When the ASEAN is about to integrate into the ASEAN Economic Community (AEC), Thailand has launched an important economic development strategy - the establishment of the border special economic zone.

Land tax provides many

At the beginning of 2015, the Thailand government set up 5 border special economic zones, which received special attention and preferential policies in many aspects.

Li Aiying, director of the Taipei Economic Office in Thailand, said that these preferential policies include providing convenience to foreign manufacturers, reducing corporate income tax and so on.

Duangjai Asawachintachit, Deputy Secretary General of the Thailand Investment Promotion Council (BOI), said that if Taiwanese businessmen want to invest in Thailand, the first thing to do is to apply to the Thailand Investment Promotion Council (BOI). After the BOI is approved, it will be recognized by the state. After that, everything will be ten convenient and preferential.

The preferential treatment includes two kinds of non tax and tax, non tax part, land preferential, open foreign capital 100% shareholding and work permit preferential.

The tax section provides 3 to 8 years of exemption from corporate income tax and zero tariff.

In addition, the SEZ will also provide more preferential treatment depending on the industry category.

Friendly environment, one-stop service is more intimate.

One Start One Stop Investment Center (referred to as OSOS) is also a great inducement.

Making use of OSOS as a single contact window, it is convenient for foreign investors to directly contact and coordinate with the officials of 10 ministries and 20 departments, and complete customs and work permits.

And other matters.

The one-stop service can save long procedures. If the documents are complete, all the procedures can be completed within 3 hours.

The incentives for tax exemption and the new "one-stop service center" and the very friendly cultural environment of foreign businessmen have attracted many investors. At present, 685 factories, 50 foreign investment sites and 13 countries / companies have set up factories to show the vitality of the western border town.

Preferential content of Thailand Special Economic Zone

Profit free business income tax for 8 years.

A net profit tax allowance of 50% is granted for 5 years.

After 8 years, it doubled the traffic and water and electricity charges for 10 years.

The investment cost of equipment and construction is reduced by 25%.

100% of export raw materials are exempt from customs duties for 5 years.

The employment of foreign workers is permitted under the condition of BOI approval.

Note: all special economic zones have adjusted their industry categories.