Strategic areas for industry in Thailand
The location advantage of Pinthong Industrial Estate
The Pinthong Industrial Estate is located in Thailand’s strategic Eastern Special Development Zone (EEC), akin to Southeast Asia’s economic hub. Its location facilitates convenient connectivity to transportation routes, including deep-sea ports, airports, and high-speed trains connecting to countries such as CLMV, China, India, etc. Moreover, the estate is situated at an elevation of 25 – 140 meters above sea level, ensuring it remains unaffected by flooding.
Automotive Industry Center Electrical and Electronic Industry Center
Thailand, the economic hub of Southeast Asia, benefits from ongoing government investment support, which has led to the development of essential infrastructure systems and a skilled labor force. Additionally, Thailand has received investment privileges from its trading partners and neighboring countries, making it a focal point of the new economic mechanism within ASEAN. This positioning has garnered significant interest from global investors, recognizing the country’s immense potential.
Economic Center
Thailand’s strategic location in the heart of Asia has contributed to the country’s steady growth of foreig n direct investment (FDI). Over the past six years, Thailand has experienced a notable increase in FDI, with a growth rate of approximately 21%, marking a 0.7% rise.
Market Access
Thailand has a strong transportation connection with its neighboring countries and established trade agreements with 18 nations, including Australia, China, New Zealand, and South Korea. It is part of the Compreh ensive Regional Economic Cooperation (RCEP), has a Free Trade Area with 14 other countries, and enhances cross-border trade and investment opportunities.
Global Link
Thailand has signed Free Trade Agreements (FTAs) with numerous global partners, fostering trade libe ralization and promoting fair global trade practices. Additionally, Thailand played a key role in co-founding the ASEAN Economic Community (AEC) in 2015, further enhancing regional trade integration.
Center of Regional Road Links
Thailand has extensive land transportation infrastructure, comprising a vast network of over 465,000 kilometers of roads interconnecting all provinces. Moreover, Thailand is actively expanding its network of international roads, linking destinations such as China, India, Vietnam, and Singapore. This expansion has positioned Thailand as a primary hub for regional road connectivity.
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Eastern Economic Corridor (EEC) Project
The Thai government is actively developing the Eastern Economic Corridor (EEC), a project to foster economic integration within ASEAN. The EEC encompasses various fundamental structures essential for industrial investments, spanning over 13,000 square kilometers in Chonburi, Rayong, and Chachoengsao provinces. These include the Eastern Airport City (EECa), Eastern Economic Network for Innovation (EECi), Digital Park Thailand (EECd), Thammasat Medical Innovation Center (EECmd), and Industrial Factory Area. To encourage investment, the government plans to introduce tax promotion measures. The project is anticipated to attract approximately $50 billion in total investments within the first five years.
Production Base 2
Thailand has garnered significant interest from global investors since it has emerged as a preferred secondary production base for numerous multinational manufacturing companies across various industries. It sappeal stems from its advantageous location, skilled labor force, government support, and accessibility to resources like finance and technical expertise.
Rail and Mass Transit Systems
Thailand’s railway system spans over 4,000 kilometers, linking different regions and connecting to China.
High-Speed Train Connecting 3 Airports
The high-speed train project connecting three airports in the Eastern Economic Corridor (EEC) utilizes the existing structure and route of the Airport Rail Link system. The project involves constructing a 1.435-meter (Standard Gauge) railway, with two additional sections extending from Phyathai Station to Don Mueang Airport and Lat Krabang Station to U-Tapao Airport. These extensions will seamlessly connect the airports. The majority of the total distance, approximately 220 kilometers, will utilize the existing railway infrastructure. The high-speed train is designed to accommodate passengers and has a maximum speed of 250 km/h. This efficient transport system will enable travel between Bangkok and the EEC area in less than 60 minutes.
Living in Thailand
The Thailand Board of Investment plays a significant role in promoting investment in Thailand by enhancing competitiveness and facilitating investment processes. They provide continuous business support service s to investors worldwide. Additionally, Thailand’s favorable factors, such as pleasant weather, low cost of living , and availability of utility facilities, further contribute to the attractiveness of doing business and living there, attracting numerous investors.
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Benefits according to Investment Promotion Act
The Pinthong Industrial Estate is situated within the Eastern Economic Corridor (EEC) and receives support from the Office of the Board of Investment. This support includes measures and investment privileges such as a 50% reduction in corporate income tax for 5 years. The Office of the Board of Investment also aids in developing infrastructure and logistics systems, promotes the growth of tourist attractions, facilitates business development, and supports investment in research and technology, among other areas.
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To support investors, Pinthong Industrial Estate offers comprehensive consulting services for setting up factories and investing in Thailand. This one-stop service covers everything from initial business consultations and company registration to various services related to business operations, including recruitment, employee welfare, and other aspects that ensure flexibility in entrepreneurs’ business operations, enabling investors to access valuable guidance without incurring fees.
● Company registration● VAT filing
● Applying for a work permit in Thailand
● Opening bank accounts and conducting transactions with financial institutions
● Applying for permission to build factories and establishments
● Applying for a license to operate a factory business
● BOI investment promotion application submission
● Recruiting workers in Thailand
● Applying for permission to operate a business with relevant agencies such as provincial industries muni
cipalities and others
● Applying for a license to use land and operate in an industrial estate*
● Applying for a license for foreigners to own land in the industrial estate*
Submission of land ownership transfer*
The surrounding area of Pinthong Industrial Estate is recognized as an up-and-coming location for residential and business purposes. It offers comprehensive facilities such as residential areas, hospitals, shops, restaurants, department stores, and recreational amenities. Furthermore, this area boasts high safety, providing residents and businesses with a secure living environment.
Pinthong Industrial Park Public Company Limited is honored that more than 312 international investors have selected Pinthong Industrial Estate for their investments, including Next-Generation Automotive, Smart Electronics, Food, Automation and Robotics, Aviation, Biochemical, and Eco-friendly Petrochemical, Digital, Medical Hubs, and also extends our support to customers in the commodity and steel industries.
