Investment in the Special Economic Development Zone by the Treasury Department will entice investors to develop state property land by giving investors the right to lease land at state property for up to 50 years while laying out the method of offering rental benefits and investment proposals developed in the Special Economic Development Zone that maximizes the country's benefits.
Qualifications of Investment Offerors
1.Be a juristic person under Thai law with a paid-up capital of at least 50 million baht. In the case of a joint venture, it must also be a joint venture of a business with a registered capital of at least 50 million baht.
2. Must be a person who has never abandoned government construction work.
3. Must be a juristic person with stable financial status by submitting a successful past three years or experience in developing at least one real estate project and presenting a statement of financial position dating back no more than three years.
4. Must not be a mutual beneficiary with other investors who propose investment projects.
For the use of State Property, the rental rates and rental fees for State Property in the Special Economic Development Zone are determined as follows:
Province | Rental Rate/Rai/Year (Baht/First Year) | Rental Fee/Rai/Baht/50 Years | Note |
Trak | 36,000 | 250,000 |
- Rental Rate: Lease term of 50 years - Rental Arrangement Fee : |
Sa Kaeo | 32,000 | 225,000 | |
Trat | 24,000 | 160,000 | |
Songkhla | 40,000 | 300,000 | |
Nakhon Phanom | 8,400 | 140,000 |
- Rental Rate : Lease term of 50 years - Rental Arrangement Fee : |
Nong Khai | 2,100 | 35,000 | |
Mukdahan | 1,800 | 30,000 | |
Kanchanaburi | 1,200 | 20,000 |
Source: Thai Civil Rights and Investigative Journalism (TCIJ)