Thailand Board of investment

[mrsquirrel]

○ BOI : The Board of Investment of Thailand

Watch the flash animation. They had an advert in the last two weeks Economists. Made me chuckle

[kingwilly]

is it like this ?

[Mid]

owe u a green for that kw , no ammo currently

[Fabian]

"Profit, Smily, Thailand" now that is quite a fitting slogan.

[Bluecat]

Compared to quite a few neighboring countries like Indonesia or Philippines, Thailand at least gives some incentive to foreign investment.
You do not pay corporate taxes for 8 years when your project is approved and further investment in the same project, can get approved for another 8 years.
You also can buy land if you're BOI approved.
And if you add to that the low cost of manpower, it makes any investment pretty "cheap" here compared to other Asian countries.
Why do you think Toyota, the best managed company in this world in terms of costs control, has huge manufacturing facilities in Thailand?

[Spin]

Why do you think Toyota, the best managed company in this world in terms of costs control, has huge manufacturing facilities in Thailand?

Because of Soi 33?

[Thaihome]

You do not pay duty on imported equipment used in construction as well.
TH

[Marmite the Dog]

Because of Soi 33?

Luckily, most of the Nips are down Thaniya. There's only a couple of Jap bars on 33.

[Told Stool]

There's a nicely laid out Board of Investment office in Huey Kwang in Bangkok. It shares the same building as the cheesy looking sign for getting an instant work permit. The people sit in the work permit office much like the immigrants back home waiting in line for their welfare checks.

[cali kid]

I have my work permit through BOI and you dont have to check out every three months with it just check in at local immigration. At the end of the year I wont have to leave the country to extend another year either. There are all kinds of different tax breaks depending on what kind of company you are and also what area it is located in. If you are in the industrial zone in Lamphun for example you get all of the breaks and at higher margins.

[Bluecat]

Right.
Not perfect but quite a few neighboring countries should learn from it...

[William]

I have my work permit through BOI and you dont have to check out every three months with it just check in at local immigration. At the end of the year I wont have to leave the country to extend another year either. There are all kinds of different tax breaks depending on what kind of company you are and also what area it is located in. If you are in the industrial zone in Lamphun for example you get all of the breaks and at higher margins.

If you are in the industrial zone in Lamphun, at a guess I would say you were governed by the rules of the IEAT [Industrial Estate Authority of Thailand], rather than BOI.

Very similar, but not exactly the same.

[EmperorTud]

Why do you think Toyota, the best managed company in this world in terms of costs control, has huge manufacturing facilities in Thailand?

They'd need factories in Thailand to keep up with the demand for taxis alone!