BOI incentives for majority foreign-owned entities to own land
The BOI recently announced conditions for majority foreign-owned legal entities which have paid-up capital of at least THB 50 million to own land.
Keywords: Mazars, Thailand, Legal, BOI, Land
27/09/2022
The key conditions are as follows:
- No more than five rai can be purchased for setting up an office to perform the activities for which the legal entity has received investment incentives.
- No more than 10 rai can be purchased for residential premises for executives and foreign experts.
- No more than 20 rai can be purchased for residential premises for workers.
- Offices and residential premises can be on the same plot of land.
- The land must be sold or transferred within 1 year of the date that the legal entity stops receiving investment incentives.
Reference: The Board of Investment