Setting Up International Headquarters - IHQ - In Thailand

International Headquarters IHQ in Thailand

In May 2015, Thailand introduced a scheme to boost Thailand's competitiveness with regards to companies developing International Headquarters also known as IHQ in Thailand. International Headquarters ( IHQ ) is defined as a company incorporated under Thai laws that provide any of the following activities to it's branches or "associate enterprises", whether located in Thailand or overseas.
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• Managerial services or technical services
  
• Supporting services engaged in:
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  - General management, business planning, and business coordination
  - Procurement of raw materials and parts
  - Research and development of products
  - Technical support
  - Marketing and sales promotion
  - Human resource management and training
  - Financial advisory services
  - Economic and investment analysis and research
  - General management, business planning, and business coordination
  - Any other supporting services stipulated by the Director General of the Revenue Department
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• Financial management, including
  - Financial management by corporate treasury centers approved under the Exchange Control Law
  - Borrowing and lending in Thai Baht for following cases:
  
  Financial management by corporate treasury centers approved under the Exchange Control Law.

Incentives for an IHQ in Thailand?

International Headquarters (IHQ) are governed by the BOI in Thailand. The BOI Law was established to provide a plethora of incentives to companies wishing to operate various business types in Thailand. But setting up a BOI can be a little complex. Juslaws & Consult has a lot of experience with the BOI Law and advises clients thinking of setting up International Headquarters (IHQ) in Thailand to contact them for a FREE first consultation, which will ensure a safe and smooth application process with a positive outcome.