Thailand - อัญมณี
For the past 25 years, GEMOPOLIS has been know as “The Production Home of World Top Jewelry Brands.” It is located in Thailand. The 25 hectare land has been The world end-to-end ecosystem center of nearly 200 gems and jewelry factories. Recently, Gemopolis extends further to other LIGHT INDUSTRY, such as, trading office and service.
From a remote farming area of Bangkok, GEMOPOLIS and 10 km vicinity has evolved to become like a new downtown of Suvarnabhumi Airport Zone. Currently, daily commuter in and out of GEMOPOLIS is over 20,000 people. The population near GEMOPOLIS is over 100,000 people.
GEMOPOLIS has been designated a perfect place for high value product open broadly for trading, commercial, services and manufacturing in Bangkok City. With strong support on both tax and non-tax privileges as well as regulated business leniency, Thai government intended to encourage both local and foreign investors to move into GEMOPOLIS and perform business operations within a single compound.
Additional Details for Gemopolis
- Key industrial sectors: Jewellery, Fasion & Accessories, Medical Eqipment, Medicines, Sports Equipment, Stationery, Toys, IT
- Workforce: 20,000
- Free trade/bonded area: 25 hectare Frre-Tax Zone
- Commercial space: 50 -100 sqm office space available with 100% foreign-owned trading
The Twins Freezone is the 4th and 5th phase of the Gemopol is Freezone comprising of 5-storey twin buildings with a net internal area of 15,000 sqm. The mixed-use project is designed under a vertical factory concept, fitting for the needs of small and medium businesses and industry. At Freezone, you could own a factory by occupying as little as 100 sqm.The smart unit concept enables flexibility in structural design leading to optimal utilisation for your business.
The Twins’ construction will commence in August 2022 and due for completion in August 2023. Factory owners could utilise many functions of the Gemopolis Freezone, whether as an office, showroom, maintenance service, manufacturing base, as well as warehouse for storage, processing, packing and distribution both for domestic and international.
Privileges of Gemopolis
Besides its location and abundant facilities, Gemopolis and Gemopolis Freezone also offers many taxation benefits including:
1. Corporate income tax exemption for 4 years for manufacturing factory
2. Dividend tax exemption for 4 years
3. Tax exemption for 5 years for international distribution centres
4. Import tax and value added tax exemption for:
– raw materials, semi-finished goods and essential materials
– machinery, tools and production equipment
– finished products and merchandises
5. For goods purchased domestically; value added tax (VAT) at a rate of zero
6. Rights to extend the period of storage of imported materials and essential materials from 1 year to 2 years
7. No requirement to reference master formula for goods manufactured for exports
8. Foreign Investors could have 100% share ownership
9. Foreign Investors could have ownership of land and real estate in the project
10. Enable permission to bring experts and families from overseas to work and reside in the country with more convenient conditions
11. Permission to transfer of foreign currency to overseas