304 Industrial Park and 304 Industrial Park 2 are the industrial zones for effective and efficient investments because of special privileges and tax exemptions from Board of Investment Zone 3, Board of Investment Zone 2 and Free Zone. In addition to competitive land cost, lower construction cost coming from the high value of soil density, and lower labor cost compared to other industrial zones –all of which add up to cost advantages and long-term success in your business.
Maximum Tax Privilege
Located in Prachinburi province which is in the Board of Investment Zone 3, therefore, 304 Industrial Park eligible for the highest level of tax concessions from the Thailand Board of Investment helping investors to reduce start up and operational costs, and maximize profitability.
Lower Labor Wage
In addition to an advantage of accessibility to skilled labor source of several regions in Thailand, 304 Industrial Park has another outstanding benefit of lower labor wage average at baht 183 per day which is lower than average wage in other industrial area at baht 189-215 per day.
Lower Construction Cost& Land Cost
Due to the geological advantage that not only stands at 15-18 meters above sea level, but also gives high value of soil density that enables to withstand pressures of 20-60 tones per square meter, well within the tolerances of modern industrial buildings and associated machinery. Construction costs are therefore significantly reduced - in some cases by a factor of 20%.
Competitive land cost with a full of site infrastructure designed to meet the requirements of both light and heavy industries, 304 Industrial Park is an attractive investment choice offered to reduce start up costs by up to 50-100%.
| Tax Incentive& Privileges | BOI ZONE 3 | BOI ZONE 2 |
1. Corporate income tax exemption. |
8 years | 7 years |
2. Reduction of corporate income tax by 50% for 5 years after the exemption period. |
5 years | - |
3. 75% reduction of import duty and tax on raw or essential materials for the manufacture of domestic sales. |
5 years | - |
4. Exemption of import duty and tax on raw or essential materials for the manufacture of exports.
|
5 years | 1 years |
5. Import duty on machinery which is not included in the tariff reduction notification and which is subject to 160-170 Baht / sq.m/ month. |
100% reduction | 100% reduction |
6. Transportation, electricity, and water supply for deduction from taxable corporate income from the date of income earning |
10 years | - |
7. Allowance to deduct from net profit up to 25% of the investment in the costs of installing infrastructure facilities. |
10 years | - |
