ASIA INDUSTRAIL ESTATE

Asia Industrial Estate Co., Ltd. (AIE) was established in 1989, and at present its registered capital is Baht 7,950 million (USD 265 million). The company's major shareholders include City Realty Co., Ltd., Sophonpanich family investment companies, and Bangkok Bank. The company’s first project is the development of Asia Industrial Estate Map Ta Phut (AIEMTP), a large scale industrial estate in Map Ta Phut on Thailand’s Eastern Seaboard. AIE’s second project is the development of Asia Industrial Estate Suvarnabhumi (AIES), a large scale industrial estate in Samut Prakan Province, about 20 km. east of Suvarnabhumi International Airport. AIES is home to many leading companies in various industries such as Hino Motor Manufacturing (Thailand) Ltd., NGK Ceramics (Thailand) Co., Ltd. and Thai Yazaki Electric Wire Co., Ltd.

Excellent Supporting Facilities nearby :

• Inland Container Depots.
• Custom-Free Zone at Suvarnabhumi International Airport,

Ports, i.e., Map Ta Phut Deep-Sea Port, Bangkok Port (Klongtoey), and Laem Chabang Port

General Zone  2591 Rai

Baord 

Privilege and facilitation which the Industrial Operator or Trader, or Service Provider in Industrial Estate shall receive, under the Act Governing The Industrial Estate Authority of Thailand (4 th Edition) B.E. 2550, as Amended

Non-Tax Privilege in General Industrial and I-EA-T Free Zone

1. Both Thai and alien industrial entrepreneur or trader shall be permitted to hold title over land in industrial estates to operate its business for areas which the Board of Director of IEAT deems appropriate, to the extent of exceeding the   limit prescribed by other laws. (Section 44)
2. An industrial entrepreneur or trader shall be permitted to bring in aliens who are skilled persons, expert, their spouses  and dependents, into the Kingdom and live in the Kingdom, for the number and within the periods which the Board of Director of IEAT deems appropriate. (Section 45)
3. An alien skilled person and expert who are permitted to stay in the Kingdom under Section 45are allowed to work in     the position which the Board of Director of IEATapproves, throughout the period permitted to stay in the Kingdom. (Section 46)
4. An industrial entrepreneur or traderwho has domicile outside the Kingdomshall be permitted to remit money in foreign currencies out of the Kingdom only when the said amount is an inward remitted investment, dividends or profit derived from such investment, foreign loan and the money which the operator has obligations in foreign countries. (Section 47)

Tax Privilege and facilitation in I-EA-T Free Zone

1. Tax incentive including exemption from special fees subject to the law of governing investment promotion, import taxes and duties, value-added tax (VAT) and excise taxes on machinery, equipments, tools, components, elements used for production of goods or commerce, or installation to manufacturing and building. Importation of such material is not restricted to only industrial entrepreneur or trader. (Section 48(1))
2. Tax incentive including exemption from special fees subject to the law of governing investment promotion, import taxes and duties, value-added tax (VAT) and excise taxes on raw materials and supplied used for production of goods or trading or service. Importation of such material is not restricted to only industrial entrepreneur or trader. (Section 48(2))
3. Tax incentive including exemption from export duties, value-added tax (VAT) and excise taxes for raw materials and products; including by-products and items derived from such production. (Section 48(3))
4. Industrial entrepreneur or trader in the I-EA-T Free Zone is afforded the privilege of exporting products without any restrictions: and added convenience in bringing merchandise, equipment, components, and raw materials into the I-EA-T Free Zone. (Section 51)
5. Industrial entrepreneur or trader in the I-EA-T Free Zone is afforded the privileges as similar as Free Zone of the Customs Department. (Section 48)
6. Permission, for the production of export goods, to bring supplies or raw materials into the I-EA-T Free Zone for manufacturing, mixing, assembling, packing, or any other operations, without requiring any import permits or particular seals or symbols, and with exemption from standard and quality control requirement under any other laws-except the Customs Law, Nonetheless, importing of such materials, which have an effect on national security or  hygienic or environment have been prohibited by ministerial regulation. (Section 49)
7. Relief of tax burdens for products taken out of the I-EA-T Free Zone for domestic use or consumption, Contrary to the previous Act, its contents or components of raw materials, if produced domestically, shall be entitled to exemption of taxes and duties. (Section 52/1)