Legal advice, tax structuring, transaction support services and business matchmaking on Thailand’s Eastern Economic Corridor
PUGNATORIUS Ltd. is the Bangkok-based specialist provider of transactional legal and tax advice on foreign investments in Thailand’s manufacturing and service industries as well as property developments and acquisitions.
The Eastern Special Development Zone, better known as Eastern Economic Corridor, has been erected on May 15, 2018, by publishing the law in the Royal Gazette. The law firm advises foreign companies to participate in public-private partnerships with the Thai government and benefit from highly attractive investment and tax incentives.
Foreign investment opportunities in Thailand’s flagship economic zone
Thailand’s new flagship investment zone is the enhancement of the former Eastern Seaboard, that had been for over thirty years the region’s powerhouse for manufacturing and trade. Now the land of smile moves from the “Detroit of the East” to the manufacturing paradise of Asia, designed to accommodate next-generation industries and the Thailand 4.0 scheme.
The EEC consists of the three Eastern provinces Rayong, Chonburi, and Chachoengsao with a combined area of 13,285 square kilometers. The Eastern Economic Corridor expects investments of US$ 50 billion during the next five years, mostly through foreign direct investments. The surrounding Eastern provinces of Nakhon Nayok, Prachin Buri, Sa Kaeo, Chanthaburi, and Trat will be sooner or later involved as well.
To implement the EEC, the government has set out three pillars: infrastructure developments, super-generous incentives, and investment facilitation.
Support and legal assistance to foreign investors in Thailand’s flagship area
Free industry updates and professional considerations on business opportunities in the EEC are available on the firm’s webpage. These posts can provide only a low-resolution snapshot and are neither deemed to be legal advice nor do they result in an attorney-client relationship.
Professional assignments, based on a paid consultancy agreement, cover mainly these areas:
Corporate structuring: PUGNATORIUS Ltd. advises and assists in the set-up of protected corporate structures for foreign investments in the EEC arena. The law firm has a specific know-how regarding company set-up, business licensing and Thailand’s foreigner legislation.
BOI investment promotion: The EEC offers specific opportunities for investment promotion through the Thailand Board of Investment. This covers the regular incentives as well as EEC-only benefits.
Tax structuring: As a renowned tax counselor, PUGNATORIUS Ltd. advises on tax-efficient investment structures and helps to optimize the value-added chain and cross-border group structure.
Transaction advisory support: The PUGNATORIUS group identifies locations and projects in accordance with the client’s search profile and compares and advises on a short-list of attractive ventures and areas.
Public-private partnerships: The law firm supports PPP opportunities in the infrastructure and energy sectors to enable foreign companies to participate in government projects.
PUGNATORIUS can guide your EEC venture through the red-tape requirements, legal hurdles and industry practice in Thailand. Lessons you do not want to learn the hard way. A specific consultancy agreement is available on request.