the 10th of August 2005, representatives from government agencies consist of Board of Investment, Immigration Bureau,
Department of Employment, Bank of Thailand and Revenue Department met with
members from Board of Trade and Joint Foreign Chamber of Commerce to identify
obstacles that hamper the development of the Regional Operating
objective of the meeting is to update some changes in the ROH’s
benefits and also to exchange views and comments in order to make the ROH
scheme more attractive to investors.
the government launched the ROH scheme 3 years ago,
have been problems which hamper the development of the ROH scheme. Four major
problems are :
One-stop service centre for ROHs
Work permit approval
Tax incentives for ROH’s expatriates, and
Foreign exchange control restriction
of Investment raised the issues of time - frame of BOI approval and one
window service for visa and work permit. ROH which filed for non-tax benefits
with BOI will normally take 60 working days for project approval. An On-line
application is being set up which will definitely lessen the processing time.
The visa and work permit can now be done by one window. BOI and RD agreed to work
together to allow BOI application and RD notification to be submitted at the
The Immigration Bureau announced that
there were at least 7 companies and 130 individuals requested for visa
extension at their one - stop service. They agree with the floor’s comment
that process of visa renewal should be improved.
issuance of ROH work permits will be revised. The Department of Employment
has set up new criteria which allows up to 5 expatriates per one ROH.
However, if the income is greater than 3 million baht, such condition will
not be applied.
of Thailand has clarified that profit and dividend can be repatriated without
BOT’s permission. Foreign currency can be allowed
to be kept for up to 6 months. If companies need to hold currency longer than
6 months, they should submit the request to BOT for permission.
Revenue Department proposed to extend tax reduction period up to 4 years.
raised by Joint Foreign Chamber of Commerce have been mainly classified to unclarified of ROH’s procedure,
inapplicable of ROH’s regulations, insufficient of ROH’s privilege and the need of one stop service.
meeting were broadly discussed in various issues and
several suggestions have been raised from participants. Mr.van
Haren, Chairman of JFCCT, and Mr.Satit,
Deputy Director of
the RD, agreed to work together as a small working group to
resolve problems under current rules and regulations concerning foreign
exchange control, insufficient non-fiscal incentives, ROH approval by RD
and bureaucratic red tape.
addition, other valuable suggestion have also been
The RD should publish a complete handbook consisting of all relevant
information required for setting up ROH in Thailand.
One stop service should be tested by government agency.