Read more: Updated Tax Incentives for Investment in Thailand (as of October 2015)
OEM businesses are the businesses that make parts or subsystem used in another company's end products. Good examples of OEM businesses are manufacturing of automotive parts. Under Thai laws, OEM businesses may be deemed as hires of works. Section 587 of the Civil and Commercial Code (“CCC”) provides the definition of hires of works “ A hire of work is a contract whereby a person, called the contractor agrees to accomplished a definite work for another person, call the employer, who agree to pay him a remuneration of the result of the work.”
Read more: BOI OEM Businesses and the Foreign Business Licenses (“FBL”)