Benefit of Manufacture Only Company in Thailand?

Foreigner can have 100% ownership of the company
Companies who are eligible to operate within an Industrial Estate Authority of Thailand zone are eligible for 100% foreign ownership of their business

It can purchase raw materials from local or foreign supplies with low or no duty and additional licenses
Supplies or raw materials brought into the designated zones are exempt from the need to obtain import permits, seals, or symbols.

You can sell your finished goods to domestic market
Finished goods manufactured in a Free Zone and sold to the domestic market can qualify for a lower preferential duty rate (typically zero) instead of the normal import duty rate

No VAT on importation of machinery and raw materials,
You are exempted to pay VAT for importation / purchasing of machinery and raw materials use for the production.

Can hire foreigner
Manufacturing Company follows the same 4 Thais to 1 foreigner requirement to be eligible to hire foreigner. Spouse and children of the main applicant may apply under Dependent Visa to stay in Thailand

Can own land within the Industrial Estate
Qualify Manufacturing Only company is permited to own the land within the designated Industrial Estate to build their factory

Total fee to setup a 100% Foreign Owned Manufacturing Only Company in Thailand
All-inclusive: THB235,000

Initial consultation of your business model to see whether it meets one of the eligible business activity

Special checking with the DBD officer to find out the likelihood of approval for your case

Drafting of Manufacturing Only AOA and Declaration Letter

Application of VAT Registration

Apply for acceptance with Industrial Estate Authority of Thailand, Department of Foreign Trade, Thai Chamber of Commerce and Board of Trade of Thailand

Register company with Thailand Custom Office (e-Custom)

1 year VAT Approved Registered Office and Mail Handling Service

Complete set of Company Documents for Company Bank Account Opening