Setting Up International Headquarters - IHQ - In Thailand

International Headquarters IHQ in Thailand

In May 2015, Thailand introduced a scheme to boost the country's competitiveness with regards to companies developing International Headquarters (also known as IHQ) in Thailand. International Headquarters ( IHQ ) is defined as a company incorporated under Thai laws that provides any of the following activities to its branches or "associate enterprises", whether located in Thailand or overseas.

• Managerial services or technical services
  
• Supporting services:
  ‍
  - General management, business planning, and business coordination
  - Procurement of raw materials and parts
  - Research and development of products
  - Technical support
  - Marketing and sales promotion
  - Human resource management and training
  - Financial advisory services
  - Economic and investment analysis and research
  - Any other supporting services stipulated by the Director General of the Revenue Department
  
• Financial management, including
  - Financial management by corporate treasury centers approved under the Exchange Control Law
  - Borrowing and lending in Thai Baht
  

Incentives for an IHQ in Thailand

International Headquarters (IHQ) are governed by the BOI in Thailand. The BOI Law was established to provide a plethora of incentives to companies wishing to operate various types of businesses in Thailand. But setting up a BOI can be a little complex. Juslaws & Consult has a lot of experience with the BOI Law and advises clients thinking of setting up International Headquarters (IHQ) in Thailand to contact us for a FREE first consultation, which will ensure a safe and smooth application process with a positive outcome.