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.