Situated at the mainland Southeast Asia’s mainland, the country shares a land border with the neighboring countries. Physically, there are 30 Thai provinces connected with Cambodia, Malaysia, Laos, and Myanmar. Hence, logistics has to be really strong. To go by the statistics “86% of the cargoes are moved by road, 12% by train, 2% by train, and the remaining via air freight.”
To make the logistics industry in Thailand stronger the government has been taking all the initiatives. To top that, they are offering ample benefits to those who are willing to invest in the logistics sector under the Board of Investment, Thailand. Some of the benefits have been listed below;
Tax Incentives
- Corporate income tax exception;
- Reduction of import duties on machinery and raw material;
- Tariff exemption;
- Double exemptions on the costs of water supply, electricity and transportation;
- 25% exemption on the cost of construction of facilities;
Non-tax Incentives
- Exemption on ownership of companies by foreigners;
- Exempted from Visa rules;
- Permission to bring expert from foreign to work;
- Permit to own a land;
- Permit to remit foreign currency abroad;
To register your business under BOI logistics you must have these documents with you;
- Application form to obtain promotion certificate
- Business registration certificate
- The memorandum of association
- Licensing agreement, technology transfer contact, technical assistance contract and a joint venture contract
- Form of utility as well as manpower requirements
- Document stating transfer of funds from the overseas
- Certificate of investment issued by the Bank of Thailand
Please note that, in case you fail to submit these documents within the time period, you will need to submit an explanatory letter to the OBOI.
Once you have the documents, tell us and we will take you through the process.
