TFD Industrial Estate 2

In 2007, JCK International signed a joint – operation contract with the Industrial Estate Authority of Thailand (IEAT) and found TFD Industrial Estate located in Bangpakong District, Chachoengsao Province with an aim to develop industrial land, set up basic infrastructure and to build standard factory buildings to serve Thai and foreign investors’ in general industrial zone and free trade zone. In coherent state of short distance away from Bangkok and convenient transportation for manufacturers. In regard of the position adjacent to the access of the highway and away from floodable areas, the location is the utmost ideally developed as factories, warehouse and logistic center. With the advantage of consumable timing in transportation; 20 minutes to Suvarnabhumi International Airport, 40 minutes to Laem Chabang Deep Seaport and good proximity to Bangkok metropolitan area.

In addition, the government had promoted Chachoengsao, Chonburi and Rayong provinces to be the special economic zone; that connect the western provinces together called “The Eastern Economic Corridor (EEC)”. Regarding such scheme, the government shall invest approximately THB 300 billion in developing the infrastructure and will provide tax privileges to promote investment in these area. In consequence, investors in TFD Industrial Estate 2 has the right to receive investment benefits from the EEC such as exemption from corporate income tax, exemption of import duties on machinery, permission to own land etc.

General Industrial Zone 9,000,000 - 10,500,000 Baht / Rai I-EA-T Free Zone 12,000,000 - 13,500,000 Baht / Rai

Board

Privilege

The Eastern Economic Corridor (EEC) Development Plan under scheme of Thailand 4.0 aiming to revitalise and enhancing of the well-known Eastern Seaboard Development Program that had supported Thailand as a powerhouse for industrial production in Thailand for over 30 years.

Under this initiative, the Eastern Economic Corridor Office of Thailand (the EECO) has been assigned to drive the country's investment in up-lifting innovation and advanced technology for the future generation. The EEC Development Plan will lead a significant development and transformation of Thailand's investment in physical and social infrastructure in the area.
The EEC project will, initially, be focused in 3 eastern provinces namely Chachoengsao, Chonburi and Rayong. Regarding this, the EEC Policy committee is the primary Royal Thai Government collective force chaired by Prime Minister of Thailand.

BOARD OF INVESMENT (BOI)

The Board of Investment's (BOI) invest promotion measure in the Eastern Economic Corridor (EEC) is especially designed to boost targeted investment activities in designated areas in three provinces: Chachoengsao, Chonburi and Rayong. Private sector is encouraged through this measure to involve in human resources development in the business.

The development of the EEC Area is one of the government's policies to drive Thailand towards the new era of Thailand 4.0. Investments in targeted industries in the aforementioned areas are entitled to higher incentives.

INDUSTRIAL ESTATE AUTHORITY OF THAILAND (IEAT)

For the industrial estate to serve as the manufacturing base that contributes to industrial operators’ competitiveness; aside from the infrastructure system, facilities, and the management system; there is the need to put in place privileges that help industrial operators with business facilitation – equipping them with the ability of choosing to trade in their market of choice, domestic or export, based on current competition conditions.

Non-Tax Privileges for investment in bothGIZ and I-EA-T Free Zone

• The right to own land in an industrial estate
• The right to bring in foreign skilled workers, with visa and work permit facilitation
• The right to bring in foreign skilled workers’ spouses and dependents, with visa facilitation
• The right to remit money abroad
• The right to receive additional privileges from Thailand’s Board of Investment (BOI) when applying for investment promotion

Tax Privileges for investment in I-EA-T Free Zone

• The right to receive non-tax privileges, similar to investment in the GIZ
• The right to receive additional tax privileges
• The right to receive exemptions of import duty; value-added tax (VAT); as well as excise tax on machinery, equipment, raw materials and supplies used in production
• The right to receive exemptions of export duty; value-added tax (VAT); as well as excise tax on imported materials for use in production or for commercial operation
• The right to receive exemptions of export duty; value-added tax (VAT); as well as excise tax on raw materials, products and by-products

Thai, Japan, Other