Weston Wood Solutions successfully established a manufacturing and distribution operation in Thailand.

In order to select Thailand as the country for their Asian expansion, Weston Wood needed:

• 100% foreign ownership of the Thai company
• Considerable corporate tax relief in recognition of the investment being made
• Exemption from import duty on the machinery required to set up the manufacturing operation
• Easing of immigration requirements so that technical staff can relocate from Canada

Acclime’s business managers, consultants and lawyers looked into the details of Weston Wood’s business model in order to propose the best solution to structuring the Thailand operation, not only in accordance to Weston Wood’s needs but also with a view to maximising benefits from investment incentives.

Proposing a company set up with BOI certification

Acclime suggested BOI certification for Weston Wood after careful checking with BOI officials on whether the BOI would consider Weston Wood’s business activity as being within the BOI’s scope of promoted industries. We carefully explained the process of certification to Weston Wood, and presented the list of benefits. Weston Wood supported the approach and engaged Acclime’s services to obtain BOI certification.

Already certain that the BOI would consider Weston Wood’s application favourably, Acclime’s lawyers were able to push for the incentives required to meet all of Weston Wood’s objectives: Corporate income tax (CIT) and import duty exemptions were secured, the company was certificated to be 100% foreign owned and immigration rules were relaxed for foreign staff.

Acclime’s legal team constantly enagaged with the BOI officers to represent Weston Wood and enure the BOI certification provided the best result possible for the client.