1.2 IEAT's Investment Promotional Privileges

Knowing benefits in investment of IEAT: It is The Procedure that investor or businessperson study into the benefits of business that is expected to receive due to opening the business or constructing office building, factory, in the Industrial Estate.

Contents

To make the Industrial Estate become production base that help boost competitiveness of the entrepreneurs, it is necessary to establish the infrastructure system, facilities, management system, including various “benefits and rights” that would help entrepreneurs to conduct business more flexibly, with ability to choose trading market under current competitive condition in order to conduct business in Industrial Estate, it can be divided into 2 zones as follows:

• General Industrial Zone: GIZ

• I-EA-T Free Zone (I-EA-T Free Zone) The investors in both zones would obtain chance and choice as well as rights and benefits as follows:

• The industrial entrepreneur or service entrepreneur or the commercial entrepreneur, both Thai and alien, may be permitted to hold ownership of land in the Industrial Estate to conduct business under the number of areas as deemed suitable by IEAT although this may exceed the number specified by other Laws.

• The industrial entrepreneur or service entrepreneur or the commercial entrepreneur shall be permitted to bring alien who is craftsman, expert, their spouse, and their dependant, into and live in the Kingdom under the number and within the specified period of time as deemed suitable by IEAT Committee.

• Alien who is craftsman or expert who is permitted to stay in the Kingdom is permitted to work in only the position as approved by the IEAT Committee for the whole period of time when the permission is granted to stay in the Kingdom.

• The industrial entrepreneur or service entrepreneur or the commercial entrepreneur who resides outside the Kingdom would be permitted to send money out of the Kingdom in foreign currency when such money is the investment brought in, bonus, or benefit arising out of such investment, foreign loan, and the money that the industrial entrepreneur or service entrepreneur or the commercial entrepreneur has obligation with the foreign country.

• The industrial entrepreneur is exempted from paying special fee under law on the promotion of investment, import duty, value added tax, and excise tax, for machine, equipment, and tool including accessories of such materials as necessary to use in producing goods or for commercial purpose, and items used for construction, assembling, or installing in the factory or building, Tax Privileges on machine, equipment not binding the ownership of the entrepreneur.

• The industrial entrepreneur is exempted from paying special fee under law on the promotion of investment, import duty, value added tax, and excise tax, for items brought in for producing goods or for commercial purpose, Tax Privileges does not binding the ownership of the entrepreneur.

• Being exempted from export duty, value added tax, and excise tax for raw material including by-products and other items obtained from production

• Being exempted or returned of duty for items where there is provision of law specifying the exemption or return of duty when exporting outside Kingdom, even though it is not the export outside the Kingdom, but it is the import into the I-EA-T Free Zone for machine, equipment, and raw material.

• Items that are brought into the I-EA-T Free Zone would receive benefits in the same way as duty free zone.

• Items that are brought into the Kingdom or raw material into the Kingdom into the I-EA-T Free Zone for production, mixing, packaging, or any other action with the aim to export, shall be exempted from the enforcement of law on the control of import, export out of the Kingdom, possession or use, controlling standard or quality, affixing seal or any mark to such item, excluding the law on customs; however, if such items cause or may cause impact to the stability, health of people or environment, the Minister shall issues Ministerial Regulation to specify the type of such item to not being exempted from such law.

• Selling products from Free Zone into the country can be done by deducting price of raw material without right to return, or without being exempted from duty from the price of product before calculation of tax.

Knowing benefits in investment of IEAT: It is The Procedure that investor or businessperson study into the benefits of business that is expected to receive due to opening the business or constructing office building, factory, in the Industrial Estate.

Contents

To make the Industrial Estate become production base that help boost competitiveness of the entrepreneurs, it is necessary to establish the infrastructure system, facilities, management system, including various “benefits and rights” that would help entrepreneurs to conduct business more flexibly, with ability to choose trading market under current competitive condition in order to conduct business in Industrial Estate, it can be divided into 2 zones as follows:

• General Industrial Zone: GIZ

• I-EA-T Free Zone (I-EA-T Free Zone) The investors in both zones would obtain chance and choice as well as rights and benefits as follows:

• The industrial entrepreneur or service entrepreneur or the commercial entrepreneur, both Thai and alien, may be permitted to hold ownership of land in the Industrial Estate to conduct business under the number of areas as deemed suitable by IEAT although this may exceed the number specified by other Laws.

• The industrial entrepreneur or service entrepreneur or the commercial entrepreneur shall be permitted to bring alien who is craftsman, expert, their spouse, and their dependant, into and live in the Kingdom under the number and within the specified period of time as deemed suitable by IEAT Committee.

• Alien who is craftsman or expert who is permitted to stay in the Kingdom is permitted to work in only the position as approved by the IEAT Committee for the whole period of time when the permission is granted to stay in the Kingdom.

• The industrial entrepreneur or service entrepreneur or the commercial entrepreneur who resides outside the Kingdom would be permitted to send money out of the Kingdom in foreign currency when such money is the investment brought in, bonus, or benefit arising out of such investment, foreign loan, and the money that the industrial entrepreneur or service entrepreneur or the commercial entrepreneur has obligation with the foreign country.

• The industrial entrepreneur is exempted from paying special fee under law on the promotion of investment, import duty, value added tax, and excise tax, for machine, equipment, and tool including accessories of such materials as necessary to use in producing goods or for commercial purpose, and items used for construction, assembling, or installing in the factory or building, Tax Privileges on machine, equipment not binding the ownership of the entrepreneur.

• The industrial entrepreneur is exempted from paying special fee under law on the promotion of investment, import duty, value added tax, and excise tax, for items brought in for producing goods or for commercial purpose, Tax Privileges does not binding the ownership of the entrepreneur.

• Being exempted from export duty, value added tax, and excise tax for raw material including by-products and other items obtained from production

• Being exempted or returned of duty for items where there is provision of law specifying the exemption or return of duty when exporting outside Kingdom, even though it is not the export outside the Kingdom, but it is the import into the I-EA-T Free Zone for machine, equipment, and raw material.

• Items that are brought into the I-EA-T Free Zone would receive benefits in the same way as duty free zone.

• Items that are brought into the Kingdom or raw material into the Kingdom into the I-EA-T Free Zone for production, mixing, packaging, or any other action with the aim to export, shall be exempted from the enforcement of law on the control of import, export out of the Kingdom, possession or use, controlling standard or quality, affixing seal or any mark to such item, excluding the law on customs; however, if such items cause or may cause impact to the stability, health of people or environment, the Minister shall issues Ministerial Regulation to specify the type of such item to not being exempted from such law.

• Selling products from Free Zone into the country can be done by deducting price of raw material without right to return, or without being exempted from duty from the price of product before calculation of tax.