The advantages of the plastic waste processing activity are numerous:
Fiscal: The corporate income tax, (CIT) which is 20%. The company will be exempted for a period of 8 years. At the end of this period, the tax will be reduced by half.
Non-tax advantages: other advantages that could be mentioned above such as the fact of owning the company without more than half of the members being Thai nationals. Being the owner of the land on which the structure will be established or the right to employ people of foreign origin.
In addition, a recent project has been approved and has allowed the Envico company to benefit from an investment of 2.476 billion baths, to finance its project of recycling plastic waste for packaging purposes. An application for investment funds is therefore possible.
To create a recycling business, an operating license is required based on two criteria: the power of the machines used (50 HP) and/or the number of people employed (50 employees).
This application must be made to the Department of Labor Industry fifteen days before the start of work to erect the structure. Then a second time, fifteen days before the actual start of the planned activity. From a procedural point of view, here is the list of documents and papers to be provided:
|➤ A document that summarizes the purpose of the structure|
|➤ An affidavit of the company|
|➤ A plan that represents the structure within the environment in which it is located|
|➤ A plan that technically details the machinery used, the expert in question must be an engineer|
|➤ A plan that demonstrates the proper management of any nuisance or pollution|
Once the documents have been sent, a government agent intervenes on site. He checks the whole structure and then writes a report which he submits to the Minister of Industry within 30 days. The latter has a period of 50 days to grant or refuse the operating license.
This license is valid for 5 years and can be renewed before the expiration date for a fee of 100,000 Baths (2,659 euros and 2,993 dollars (US)).
As for the ISO standards (International Organization for Standardization), they concretize the certification of procedures allowing an optimization of the technical processes used by the various companies while guaranteeing values such as safety, quality or environment.
Standard 15270: 2008 covers guidelines for the recovery and recycling of waste.
ISO 15270: 2008 provides guidelines for the development of standards and specifications covering the recovery of plastic waste, including recycling. It establishes options for the recovery of plastic waste from pre-consumer and post-consumer sources.
It also establishes the quality requirements that need to be considered in all stages of the recovery process and provides general recommendations for inclusion in material standards, testing standards and product specifications. Therefore, the process steps, requirements, recommendations and terminology presented in ISO 15270: 2008 are intended for general application.
A patent is a document that guarantees the protection of an invention or design, so the owner has a monopoly on its creation. It has a fixed legal term. In addition, it is a territorial right which only produces its effects within the geographical territory of the country in which it was granted.
As for Thai patent law, there is a Patent Act enacted in 1979. It covers inventions, product design and medicines.
In 2008 Thailand joined the Paris Convention and in 2009 it became a member of the Patent Cooperation Treaty. The Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) has also been ratified, within the framework of the World Trade Organization.
Thus, the nationals of States members of these conventions receive in Thailand the same treatment as the nationals. However to claim the delivery of a patent several conditions must be satisfied, the work must:
|➤ To have a new character|
|➤ Be an advance (technical, scientific)|
|➤ Be usable for economic production|
As for the delay for the granting of the patent, it is necessary to count on average between 5 to 8 years. As for the medical field, the methods of medical treatment and diagnosis are considered as non-patentable, which restricts the scope of the patent in the medical field.
For recycling companies eligible for BOI, a list of documents and supporting evidence are required to be provided for a business visa:
|➤ A permission to enter the kingdom to carry out an activity of economic nature|
|➤ A copy of the company's registration certificate and the list of shareholders|
|➤ A certificate attesting that the person has a driver's license and a certificate with the list of family members|
|➤ Documents proving the academic level and professional experience|
|➤ A copy of the passport|
As for the Smart Visa, it is dedicated to foreign investors, entrepreneurs and experts in order to facilitate their access to the kingdom and thus to accelerate the procedure of obtaining a visa. Depending on their status, different categories are offered to them:
|➤ Category T: Highly qualified professionals in the industry or services sector|
|➤ Category I: Investors in companies|
|➤ Category E: Chief Executive Officer or member of the Executive Board|
|➤ Category S: Innovative companies called startups|