In the previous article, we introduced to you that Thailand allows private enterprises to invest in industrial parks or industrial real estate. Therefore, in order to distinguish between state-owned industrial parks, industrial parks jointly invested by state and private enterprises, and industrial parks operated by private investors, the Thai government uses different suffix names to define the operating norms of various industrial parks.

　　The Industrial Estate industrial park mentioned in the previous articles actually refers to the industrial park that I-EA-T, the Thai Industrial Zone Administration, promises to invest by itself or jointly venture with private companies. In fact, Industrial Zone and Industrial Park are built by private organizations, and the industrial parks approved by other Thai government departments (such as BOI of Thailand Investment Promotion Committee) cannot get the support of I-EA-T of Thailand Industrial Zone Administration.

　　Then, besides Industrial Estate, Industrial Zone and Industrial Park, what other types of industrial parks are there in Thailand?

　　Today, we will talk about the industrial parks in Thailand with Industrial Land and Industrial Community as the suffix.

　　First of all, both Industrial Land and Industrial Community are industrial parks built and operated by private organizations, and they can’t get the support of I-EA-T of Thailand Industrial Zone Administration.

　　Industrial Land was approved by the Ministry of Industry of Thailand and Industrial Community was approved by the Department of Industrial Works of Thailand.

　　If private investors want to apply for the construction of Industrial Land type industrial parks, they need to apply to the Provincial Industry Office, the provincial natural resources and environment office and the Provincial Land Office.

　　If private investors want to apply for the establishment of an Industrial Land type industrial park, they only need to apply to the Department of Industrial Works of Thailand.

　　Investors who want to settle in Industrial Land and Industrial Community type industrial parks need to abide by the provisions of the the Factory Act B.E. 2535, but investors are not allowed to apply for various investor benefits (such as 100% foreign ownership, permanent land holding, etc.) from the Thai Industrial Zone Administration I-EA-T. The charging standards of public facilities in the park are also determined by the industrial park owners themselves and provide maintenance services.

　　Disclaimer: The market is risky, so you should be careful when choosing! This article is for reference only, not as a basis for trading.

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