Manufacture of Hard Disk Drive
Since the last decade, Thailand has been the biggest manufacturer of hard disk drives. Thailand offers low cost, literate, high quality labour and national infrastructure that facilitates the export market. The big digital companies are now manufacturing their products in Thailand to take advantages of these benefits. Some of the conditions and incentives that could help you are listed below.
BOI Activity 5.4.6 Manufacture of hard disk drive
– The areal density of hard disk drives must not be less than 2,000 gigabits per square inch.
– The cost of refurbishment of existing machines shall be regarded as an investment and will be taken into account in the calculation of corporate income tax exemption cap. The original cost of existing machines shall not be regarded as an investment.
- An exemption of corporate tax for 8 years.
- Exemption of import duties on machinery
- Exemption of import duties on raw materials used in production for export
- 100% foreign ownership
- Permit to own the land
- Permit to bring skilled workers and experts into the Kingdom
Get in touch with us so we can help you set up your BOI Company in Thailand.