What is Gemopolis in Thailand and what is the advantage of setting a company there
Gemopolis is a designated area in Thailand that serves as a low-pollution business zone with strong support from the Thai government. It provides specialized facilities and infrastructure to attract investors, particularly those in the gems, jewelry, and related industries. Setting up a company in Gemopolis offers several advantages:
- Strategic Location: Gemopolis is conveniently located near Suvarnabhumi International Airport, offering excellent logistical advantages for businesses involved in import-export activities or those requiring efficient transportation.
- Government Support: Gemopolis benefits from strong support and incentives provided by the Thai government, which encourages foreign and domestic direct investment. This support includes various privileges and benefits aimed at facilitating business operations.
- Specialized Infrastructure: Gemopolis offers a well-developed industrial infrastructure tailored specifically to the needs of companies in the gems and jewelry sectors. This includes dedicated factory spaces, advanced technology, and specialized equipment.
- Shared Facilities: The bizGlobe project within Gemopolis provides shared facilities and common spaces, allowing companies to leverage resources and reduce costs. These shared amenities include meeting rooms, pantries, printers, Wi-Fi, and elevators.
- Special Licenses and Work Permits: Gemopolis allows foreign investors to apply for special licenses, which can provide additional benefits for foreign direct investment. It also facilitates the process of obtaining work permits for foreign employees, ensuring smoother operations and compliance with Thai labor regulations.
- Tax and Duty Benefits: Gemopolis offers advantages such as 0% import duty and 0% value-added tax (VAT) on purchases, reducing costs for businesses operating within its premises.
- Reputation and Networking: Being part of Gemopolis can enhance the reputation and credibility of a company, as it is recognized as a prominent hub for the gems and jewelry industry. It also provides opportunities for networking and collaboration with other businesses in related sectors.
- Flexibility: Gemopolis accommodates various business activities beyond gems and jewelry, including fashion, high-value products, optical products, medical equipment, telecommunication, IT, and other light industries permissible under Thai government regulations.
Overall, establishing a company in Gemopolis provides access to specialized infrastructure, government support, cost-saving benefits, and a favorable business environment specifically designed for the gems and jewelry industry, contributing to the growth and success of businesses operating in this sector.
How can I establish my factory in Gemopolis?
The process of setting up a factory in Gemopolis depends on the type of product you plan to produce. We recommend submitting your business plan to us so that we can assess the legal requirements before initiating the setup of your factory. The process involves three main steps:
- Signing a lease agreement or purchasing agreement: The location/address is a prerequisite for setting up a company.
- Company registration: Establishing a company can greatly facilitate your business operations in Thailand.
- Special license application: As Gemopolis receives strong support from the Thai government, foreign investors have the opportunity to apply for special licenses, which offer benefits for foreign direct investment.
Can I operate a trading company in Gemopolis?
Yes, even though Gemopolis is primarily an industrial estate, trading companies are allowed to operate within its premises.
If my product is not related to gems and jewelry, can I still conduct business in Gemopolis?
Certainly! Gemopolis welcomes businesses in various sectors, including:
- Fashion industry and high-value products
- Spectacles, optical products, and accessories
- Medical equipment and accessories
- Telecommunication, IT, computer, electric, and electronic accessories
- Other light industries permitted by the Thai government
What privileges are available to customers?
Gemopolis offers several privileges that are advantageous for both foreign and domestic direct investment. These include:
- 100% foreign ownership
- Yearly renewable work permits under the Industrial Estate Authority of Thailand (IEAT)
- 0% import duty
- 0% value-added tax (VAT) on purchases
How can I schedule an appointment?
To schedule an appointment or inquire further, please contact us via:
What is Gemopolis?
Gemopolis is a designated area supported by the Thai government, aimed at providing a low-pollution business zone and supporting facilities to attract investors.
What is bizGlobe?
bizGlobe is a project within Gemopolis that focuses on providing small but highly productive spaces. Under this concept, several companies can share space and common facilities, including meeting rooms, small pantries, complimentary beverages, printers, Wi-Fi, and elevators.
What business activities can be conducted in bizGlobe?
bizGlobe accommodates various business activities, such as:
- Trading, commercial, services, and manufacturing for diamonds, gems, jewelry, gold, fashion industry, and high-value products
- Subcontracting and outsourcing
- Light industries of all kinds
Where are your offices located?
Gemopolis is conveniently situated near Suvarnabhumi International Airport, ensuring logistical convenience for companies operating within its vicinity. Please refer to the provided link for the Google Maps location.
Do you provide services to assist with work permits?
Yes, we offer a One-Stop-Service Package that includes:
- New company registration
- Special license application
- Work permit assistance
What is the required registered capital?
There is no specific legal requirement for registered capital. However, it is important to consider that having a low registered capital may affect the perception of reliability and could complicate the process of acquiring company assets with a value exceeding the registered capital. Declarations of the sources of funds would be necessary in such cases.
What are the initial costs involved?
The initial costs depend on the specific projects suitable for your business. Typically, the initial expenses range from approximately 186,000 to 300,000 Baht for the first six months, covering required supporting service fees and rental expenses.
What supporting facilities do you provide?
We offer various supporting facilities, including air conditioning, tables, chairs, fingerprint security doors, personal room access cards, pantries, and restrooms. The availability of facilities may vary for each project.
Are there any additional conditions or requirements?
The lease period requires a minimum of two years and is renewable. Prepaid rental fees for six months in advance are required, and no security deposit is necessary. The common fee includes management of common facilities, as well as electricity and water expenses. Special licenses and work permits are compulsory services provided by us.
What payment methods are accepted?
We accept various payment methods, including bank transfers, cash, cashier’s checks, and credit cards.
When should I sign the contract?
We recommend signing the contract as soon as possible, as processes such as company registration and special license applications require a signed agreement.
What documents are needed for contract signing?
The following documents are required for contract signing:
- Company affidavit
- ID card or passport of the authorized person
When will I receive my documents?
You can expect to receive all the necessary documents within approximately 45 days.
What do I need to do to apply for a work permit?
The process involves two simple steps:
- Working visa application and work permit application.
- The estimated timeline for the process is around 30 days.
What documents are required for the work permit application?
The documents required for the work permit application include:
- Company documents (we will prepare them for you)
- Education certificate
- Employment certificates from previous companies (covering at least the past five years)
How much does the work permit cost?
The expenses for the work permit are approximately 14,000 to 24,000 Baht, depending on the prevailing promotions.
Do you provide parking spaces, and is there a cost associated with them?
Yes, we have parking spaces available, but they are common parking areas and not assigned to individuals. There are no associated costs for the parking spaces.
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