BOI Thailand: Electronic & Electrical - Juslaws
PRACTICE AREAS
Board of investment

Electronic and electrical appliances industry

Thailand’s electrical and electronics industry has continuously expanded for several decades already. During all these years, this sector has not only played a highly important role in the Kingdom’s economy (contributing greatly to the export), but has also converted Thailand into the regional leader in Southeast Asia. As the Thai Government recognizes the development of the electrical and electronics industry as a priority for the Kingdom, a number of highly attractive investment policies have been launched, leading to increasing investments from many multinational corporations.
The electrical appliance industry has been experiencing steady growth for a number of years, and this growth is expected to continue in future. Thailand’s solid manufacturing base and well-developed infrastructure make the country an ideal place for manufacturing electrical and electronic appliances. At present, nearly all the leading manufacturers in the field of electronics are represented in Thailand. The Kingdom is not only a regional leader, but also a leader on a global level as many Japanese, Korean, European and American multinational companies manufacture electrical appliances in Thailand.

Opportunities for electronic and electrical appliances industry in Thailand

Taking into consideration that the demand for high-technology consumer electronics, such as computers, tablets, wireless devices, and many others, continues to increase, Thailand is the best investment destination for the sector. Investors in this sector will be able to benefit not only from high demand, but also from the considerable support of the Thai Government. Producers of electrical appliance and electronics will be granted a number of highly attractive advantages. Also, to promote productivity and efficiency in the industry, Thai Government encourages the development of specific electronic clusters throughout the country. When firms and their input suppliers co-locate within the clusters, communications and the flow of goods is faster and more efficient.

Electronic and electrical appliances industry

Manufacture of electrical products

Manufacture of parts and/or equipment used for electrical products

Manufacture of electronic products

Manufacture of parts and/or equipment used for electronic products

Manufacture of material for microelectronics

Electronics design

Software

E-commerce

Digital Services

BOI benfits for electronics and electrical appliances industry

100% Foreign Ownership

Permission to have 100% foreign ownership

Visas & Work Permits

Including all family members

Freehold land ownership

Permission for foreigners to own land

Transfer funds

Permission to transfer money abroad in foreign currency

BOI incentives for electronics and electrical appliances industry

Capital Income Tax (CIT) exemption up to 8 years

100% Foreign ownership

Visa and work permits

Permission to own land

Transferring funds in foreign currency

Reduction of import duties on machinery and raw materials

Double deduction of costs of transportation, electric and water

Import duty exemption on raw or essential materials imported for use in production for export

Decentralization Merit Incentives

Merit Incentives based on Competitiveness Enhancement

GET INQUIRY

Your Name

Your Phone Number

Your Email

Your Message

CHRISTIAN MOSER

Partner

christian.moser@juslaws.com

+66 2254 4117

CHONTICHA LEKKHAM

Senior Lawyer

chonticha@juslaws.com

+66 2254 4117

NITHIRAT CHAYAAPICHAT

Senior Associate

nithirat@juslaws.com

+66 7630 4353